Flydubai has reported its Full-Year Results for the year ending 31 December 2017. flydubai reported total revenue of AED 5.5bn (US$1.5bn) compared to AED 5bn (US$1.37bn) last year; an increase of 9.2% compared to the same period reported in last year’s results. The airline reported a profit of AED 37.3m (US$10.1m) for the full year
Avolon, the international aircraft leasing company, has released results for the 2017 full year. The year was headlined by the acquisition and integration of CIT’s aircraft leasing business. Avolon’s owned, managed and committed fleet grew 109% in 2017 to 908 aircraft by year-end and full year profit after tax increased 59% to US$550m. Avolon reported
Air Canada has reported full year 2017 EBITDAR of CA$2.921bn compared to the previous full year 2016 EBITDAR of CA$2.768bn, an increase of CA$153m. Air Canada reported 2017 operating income of CA$1.364bn compared to 2016 operating income of CA$1.345bn. Adjusted pre-tax income amounted to CA$1.158bn in 2017 compared to adjusted pre-tax income of CA$1.148bn in
Bombardier has reported its fourth quarter and full year 2017 results, highlighting solid financial and operational performance across the company. In 2017, Bombardier’s full-year EBIT before special items grew 57% year-over-year, from $427m to US$672m, while EBITDA before special items reached close to US$1bn. Full year EBIT margins exceeded guidance at Transportation, Business Aircraft and
Airbus has reported 2017 revenues of €66.8bn (2016: €66.6bn) with higher aircraft deliveries offset by a reduction in revenues of around €2bn from the perimeter changes. Commercial Aircraft revenues rose by 3.5% with record deliveries of 718 aircraft (2016: 688 aircraft) comprising 558 A320 Family, 78 A350 XWBs, 67 A330s and 15 A380s. Helicopters’ revenues
AerCap has posted fourth quarter 2017 net income of US$266.3m compared to US$364.7m for the same period in 2016. The decrease in net income was primarily due to the fact that during the fourth quarter of 2016, AerCap recognized income from lease terminations and a gain related to the repayment of a note receivable earlier
Lease Corporation International (LCI), a leading helicopter lessor and aviation division of the Libra Group, has closed its inaugural capital markets term loan financing, with a value in excess of US$55m. The private, senior secured tranches have a maturity of five years, and were offered to a range of US financial institutions. CIT Group and
Wesco Aircraft Holdings (WAIR) has posted a first-quarter loss of US$374,000 after making a profit for the same period last year. On a per-share basis, the California-based company confirmed it had a loss of less than one cent, while earnings, adjusted for non-recurring costs, were 15 cents per share. This figure exceeded Wall Street expectations
Newly-formed investment vehicle Alyssum Group has acquired aviation services company RocketRoute as part of its long-term strategy to transform the entire private aviation industry. Specifically, RocketRoute’s best-in-class technology platforms FlightPlan and MarketPlace – delivering innovative flight-planning, fuel and concierge services – will be integrated into a connected digital marketplace that Alyssum Group, owner of global
Mainboard-listed SIA Engineering Company (SIAEC) and GE Aviation (GE) will be signing a joint venture agreement to form an engine overhaul joint venture based in Singapore. This follows the first announcement of the proposed partnership on 20 June 2017. Under the agreement, GE will hold a 51% equity stake in the joint venture, with SIAEC
