Munich Airport has reported a successful 2018 operating year at its annual press conference in Munich. The 3.8% increase in traffic to a total of 46.3 million passengers flying to and from Munich, and the resulting gains in aviation and non-aviation revenues had a decisive impact on the increase in Group sales, which – based
Aircraft Leasing Company AeroCentury has reported a fourth quarter net loss of US$3.8 million compared to a net loss of US$4.5 million for the third quarter of 2018 and net income of US$6.0 million for the fourth quarter of 2017. Fourth quarter 2018 results reflect the combined operations of AeroCentury and its newly acquired subsidiary,
OneWeb, a global communications company with a mission to bring connectivity to everyone, everywhere, has secured its largest fundraising round to date with the successful raise of US$1.25 billion in new capital. This brings the total funds raised to US$3.4 billion. This round was led by SoftBank Group Corp., Grupo Salinas, Qualcomm Technologies Inc., and
TUI Group has sold a majority stake in its French airline Corsair to German investor INTRO Aviation. INTRO will acquire a 53% stake in Corsair as a first step. Under the agreement, TUI Group will initially retain a minority stake of 27%, while Corsair’s Employee Benefit Trust will retain a 20% stake. The financial details
The concessions for the operating of Brazil’s Vitória and Macaé airports has been won by Flughafen Zürich AG through a successful public tender. Handling more than 3.8 million passengers in 2018, the two airports will be added to Flughafen Zürich AG’s existing South American portfolio of four Brazilian airports, alongside two in Chile. Currently the
Willis Lease Finance has reported a record annual pre-tax profit of US$56.3 million, from US$36.0 million in 2017, including total revenues of US$348.3 million. The Company’s 2018 pretax results were driven by continued revenue growth in the core leasing business and an increase in spare parts and equipment sales. Aggregate lease rent and maintenance reserve
Macquarie Infrastructure and Real Assets (MIRA), via Macquarie European Infrastructure Fund 1 (MEIF1) and Macquarie European Infrastructure Fund 3 (MEIF3), has reached an agreement to sell its 36% interest in Brussels Airport Company (Brussels Airport) to a consortium of APG, QIC and Swiss Life. MEIF1 and MEIF3 are closed-end funds that have reached the end
Lufthansa reported that total Group revenues for 2018 were a six-percent increase on the previous year. Burdened by the first-time application of the IFRS 15 accounting standard, total revenues were one percent up on 2017, at EUR 35.8 billion. The Adjusted EBIT for the year of around EUR 2.8 billion was only slightly below the
Embraer SA, the Brazilian plane maker, has reported an unexpected fourth-quarter loss due to a write down in its underperfoming executive jets division. The results have subsequently cast even greater concern over the company’s decision to sell off 80% of its profit-making commercial jet unit to Boeing. The US$18.1 million fourth-quarter loss was primarily due
Bombardier has confirmed the conclusion of the sale of its flight and technical training activities to CAE, for an enterprise value of CA$645 million. Net proceeds are expected to be approximately CA$500 million after the assumption of certain liabilities, fees, and closing adjustments. Bombardier and CAE also agreed to continue their Authorized Training Provider (ATP)
