Independent aircraft leasing company AeroCentury has announced that shareholders of JetFleet Holding Corp. (JHC) have approved the acquisition of JHC by the Company pursuant to the terms of the definitive Agreement and Plan of Merger (Merger Agreement) between the Company and JHC. JHC is the parent of JetFleet Management Corp. (JMC), which has managed the
The Cathay Pacific Group reported an attributable profit of HK$792m in the second half of 2017, compared to an attributable loss of HK$2,051m in the first half of 2017 and an attributable loss of HK$928m in the second half of 2016. Cathay Pacific and Cathay Dragon reported an attributable loss of HK$1,538m in the second
BOC Aviation has announced its audited financial results for the full year ended December 31, 2017. Total revenues and other income rose 17% year-on-year, to US$1,401m. Net profit after tax was US$587m, an increase of 40% over 2016. Total assets increased 19% year-on-year, to US$16bn at December 31, 2017. BOC Aviation raised US$2.9bn in total
Melrose has declared a “final” offer of £8.1 billion for UK engineering giant GKN as a culmination of its efforts to acquire the company which started back in January. GKN has strongly urged its shareholders to reject the offer from Melrose, with the backing of Unite, Britain’s largest trade union. Melrose is seen by its
The HAECO Group has reported an attributable loss of HK$541m in 2017. This loss included an impairment charge of HK$625m in respect of the goodwill attributable to HAECO USA Holdings, Inc. (HAECO Americas) and a write off of HK$249m in respect of HAECO Americas’ net deferred tax assets. This compares with a profit of HK$975m
FPG Amentum, the Dublin-based aircraft leasing/management company, has announced the sale of one Boeing 747-400ERF (MSN 37303). The aircraft was on an operating lease to Cargolux Airlines International S.A. from one of FPG Amentum’s investor customers and has now been sold to the airline.
During 4Q17, Embraer has delivered 23 commercial and 50 executive aircraft (32 light jets and 18 large jets), for a total of 101 commercial and 109 executive aircraft (72 light and 37 large) delivered in 2017, meeting the Company’s 2017 Guidance for aircraft deliveries. This compares with a total of 32 commercial jets and 43
Airbus has finalised the sale of Plant Holdings, which holds the Airbus DS Communications business, to Motorola Solutions, after receiving the required regulatory approvals. This divestment is part of the portfolio reshaping within the Airbus Defence and Space Division announced in September 2014. Airbus DS Communications is a leading provider in North America of command
Rolls-Royce has announced that its Civil Aerospace segment posted underlying revenue of £8,023m and underlying operating profit of £520m for full year 2017. The company reported underlying revenue and underlying operating profit growth of 12% and 34% respectively, driven by 35% increase in large engine delivery volumes and a 12% increase in invoiced flying hours.
Independent aircraft leasing company AeroCentury Corp., has reported fourth quarter earnings of US$6.02m, compared to US$385,000 in the third quarter of 2017 and a loss of US$40,000 in the fourth quarter of 2016. Fourth quarter 2017 results included a US$5.4m tax benefit from the revaluation of the Company’s deferred tax liability caused by of the
