Macquarie Group has announced on Friday May 3, 2019, that PGGM Infrastructure Fund (PGGM), a leading Dutch pension investor, will take a 25% interest in Macquarie AirFinance. Macquarie AirFinance was established in 2006 and has evolved to become a leading and successful player in the aircraft operating lease industry, with a portfolio at March 2019
In the first quarter 2019, the Air France-KLM Group posted an operating result of €-303 million, down €185 million compared to last year, which was impacted by the Air France strike for €-75 million. The unit revenue at constant currency of -2.2% compared to last year had a negative impact of €115 million on the
Only three months after acquiring the wing manufacturing unit from Triumph Group, Bombardier has announced its intention to sell both its wing-making plant in Belfast, Northern Ireland, and its aerostructures plant in Morocco. While both enterprises supply customers beyond Bombardier, 3,600 jobs are now at stake in Belfast, while the Morocco unit has over 400
Spirit’s first quarter 2019 revenue was $2.0 billion, up from the same period of 2018. This increase was primarily driven by higher production volumes on the Boeing 737 and 787 programs, favorable model mix on the Boeing 737 program and higher revenue recognized on the Boeing 787 program, partially offset by lower non-recurring activity on
AerCap has reported that lease revenue for the first quarter was US$1,162.1 million, compared with US$1,120.3 million for the same period in 2018, primarily due to the delivery of new technology aircraft from January 2018 through March 2019, resulting in a US$2.3 billion increase in average lease assets. Net income was US$234.2 million, compared with
Following a weak first quarter of 2019 that resulted in an Adjusted EBIT for the period of EUR -336 million, Lufthansa expects to see substantially improved trends in the rest of the year. “Overcapacities, especially on short- and medium-haul European routes, substantially depressed our first-quarter earnings,” says Ulrik Svensson, Chief Financial Officer of Deutsche Lufthansa
In the first quarter of 2019, MTU Aero Engines AG saw its revenues increase by 11% from €1,016.4 million to €1,131.2 million. The group’s operating profit grew by 7% to €187.6 million (1-3/2018: €175.1 million), resulting in an adjusted EBIT margin of 16.6% (1-3/2018: 17.2%). Net income increased in line with EBIT adjusted, rising by
Airbus has reported first quarter (Q1) 2019 consolidated financial results and maintained its guidance for the full-year. Gross commercial aircraft orders totalled 62 (Q1 2018: 68 aircraft) and included 38 A350 XWBs. Net commercial aircraft orders of -58 (Q1 2018: 45 aircraft) after 120 cancellations mainly reflect the winding down of the A380 programme and
Safran has reported first quarter 2019 revenue amounted to €5,781 million compared with €4,222 million in the year ago period. This represents an increase of 36.9%, or €1,559 million. Changes in scope had a contribution of €802 million, of which €781 million related to the acquisition of Aerosystems and Aircraft Interiors, and €21 million related
Alaska Air Group has reported net income under Generally Accepted Accounting Principles (GAAP) of US$4 million for the first quarter of 2019. Net income for the first quarter of 2019, excluding special items such as merger-related costs and mark-to-market fuel hedge accounting adjustments, of US$21 million compared to US$18 million in the first quarter of
