Dubai Aerospace Enterprise (DAE) has signed a new unsecured US$720 million revolving credit facility with a group of nine international banks based in US, Europe and Asia. The credit facility has a maturity of five years. Firoz Tarapore, Chief Executive Officer of DAE commented: “This new revolving credit facility will significantly boost our liquidity profile
For the first time in the aircraft seat manufacturer’s history, turnover is exceeding the €500 million mark. This strong growth confirms RECARO Aircraft Seating’s five-year strategy. When it was introduced in 2013, sales turnover was just over €330 million and the number of seats sold was just under 80,000. Current figures reflect continuous growth since
Dubai Aerospace Enterprise (DAE) has reported financial results for the nine months ended September 30, 2018. Total Revenue was US$1,069.2 million (AED 3,926.2 million), an increase of 124% from US$477.5 million (AED 1,753.3 million) for the nine months ended September 30, 2017. Pre-Tax Profit was US$333.5 million (AED 1,224.7 million) an increase of 333% from
The SIA Group has reported an operating profit of S$426 million in the first half of the 2018/19 financial year, a decline of S$336 million (-44.1%) from last year’s restated profit of S$762 million. Excluding one-off items of S$175 million, however, the drop in operating profit would have been S$161 million (-27.4%). The decline was
Air Lease Corporation has announcesd financial results for the three and nine months ended September 30, 2018. Revenue was US$451 million for the three months ended September 30, 2018, an increase of 19.6% and U$1.2 billion for the nine months ended September 30, 2018, an increase of 10.0%. Air Lease Corporation took delivery of seven
Air Transport Services Group, has completed the previously announced acquisition of Omni Air International (Omni Air), a passenger ACMI and charter services provider, along with related entities, for US$845 million, subject to customary adjustments. In contemplation of the Omni purchase, ATSG has agreed to amend its senior credit facility with a consortium of banks led
At the same time as releasing third-quarter 2018 figures, Bombardier, the Canadian plane and train manufacturer, has announced its intention to streamline the business in an attempt to reduce annual expenditure by US$250 million at full run rate through the loss of up to 5,000 jobs by 2021. According to the company, this will be
Airbus Group has reported consolidated net income of €1,453 million (9m 2017: € 1,398 million) and earnings per share of € 1.88 (9m 2017: € 1.81(1)) included a negative impact from the foreign exchange revaluation of financial instruments partly offset by the positive revaluation of certain equity investments. The finance result was €-413 million (9m
SIAEC Group has recorded a profit attributable to owners of the parent of S$78.5 million for the half year ended 30 September 2018. Revenue of S$509.0 million saw a decrease of S$38.5 million or 7.0%, mainly from lower airframe and fleet management revenue. Expenditure came down by S$21.2 million or 4.2%, mainly from lower material
TrueNoord, the independent regional aircraft lessor, has secured new investment from existing and new investors. This brings total equity available to nearly US$400 million to expand TrueNoord’s aircraft portfolio and partially refinance the existing fleet as it embarks upon the next phase of growth. It complements a senior secured debt facility of US$500 million which
