American Airlines has reported that strong passenger demand drove a 1.8% year-over-year increase in first-quarter 2019 total revenue, to a first-quarter record US$10.6 billion. Driven by a record first-quarter total passenger load factor of 82.2%, passenger revenue per available seat mile (PRASM) grew 0.6% to 14.49 cents. Cargo revenue decreased 4% to US$218 million due
APOC Aviation has raised US$2.6 million in a highly successful crowdfunding campaign and Max Wooldrik, Founder and Managing Director of APOC, attributes that to the Company’s successful track record. “This is our seventh crowdfunding raise for investment capital” he explains. “The first time we experimented with the method it took us eleven days to generate
Aircraft seat manufacturer Recaro grew its revenues with 22% to almost €600 million in 2018. With this result, Recaro continues its more than 15 years of non-stop double-digit growth. The global passenger seat market grew approx. five percent per year in that same period. Recaro will invest ten percent of this positive revenue back into
WNG Capital, the global aviation investment manager and lessor of narrow body commercial aircraft, has announced the final closing of WNG Aircraft Opportunities Fund II, L.P. with US$438 million of capital commitments. WNG II is expected to acquire approximately 40 to 60 Boeing and Airbus narrow body aircraft with ages ranging from 15 to 20+
Precision Aerospace, a leader in complex metal assemblies for aerospace and industrial applications, has completed a recapitalization transaction led by Willcrest Partners and Curran Companies, two operationally focused, long-term oriented family offices. Since its inception over 40 years ago, Precision Aerospace has been producing high quality prototypes and production run metal assemblies with unique hydroforming,
Aircraft leasing and trading company AviaAM Leasing, earned €49.3 million revenues (including net gain on sale of aircraft) and posted a record net profit of €29.1 million for the year ended 31 December 2018. The net profit grew by 9% as compared to 2017 (€26.8 million). Last year the company together with its joint venture,
IFS the global enterprise applications company, has posted its financial results for the first quarter that ended March 31, 2019. Net revenue for the quarter increased 29% to US$154 million on the back of a remarkable 67% growth in licence revenue, mainly driven by a massive influx of new customers across the globe. These outstanding
Finnair has released its first quarter 2019 results, reporting revenue increase of 5% to €672.9 million compared to €641.1 million the previous year. Available seat kilometres grew by 19.4%, while the load factor for the quarter was down 4.6 points to 78.3%. Comparable operating result was €-16.2 million, compared to €14.6 million in the first
Aergo Capital has partnered with Deutsche Bank (London Branch) to finance two 2009 vintage Airbus A321-200 aircraft, both subject to lease with Air Transat (Canada). The aircraft are subject to long term operating leases with Air Transat and were acquired by Aergo Capital in August of 2018. Fred Browne, Chief Executive Office of Aergo Capital,
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), announced the closing of a US$525 million unsecured credit facility, which marks the company’s first such syndicated transaction. The five-year facility, which will be used for general corporate purposes, was led by Bank of China (Hong Kong) Limited, Crédit Agricole
