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Financial

Bombardier reports solid financial and operational performance for 2017

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

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Airbus posts full year 2017 results

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

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AerCap reports financial results for full year 2017

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

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Wesco Aircraft exceeds predicted first-quarter profits

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

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Alyssum Group acquires RocketRoute

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

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SIA Engineering Company to form joint venture with GE Aviation

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

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WestJet reports fourth quarter and full-year results

WestJet has released its fourth quarter and year-end results for 2017, with full-year net earnings of CA$283.6m. compared with net earnings of CA$295.5m reported in the full-year 2016. The airline reported fourth quarter net earnings of CA$48.5m, compared to CA$55.2m reported in the fourth quarter of 2016. Based on the trailing twelve months, the airline

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Spirit AeroSystems reports full-year 2017 revenue of US$7.0bn

Spirit’s fourth quarter 2017 revenue was US$1.7bn, up 9% from the same period of 2016, primarily driven by higher recurring and non-recurring activity on the Boeing 737 program, higher production deliveries on the 787 program and increased defence-related activity, partially offset by lower production deliveries on the Boeing 777 program. Revenue for the full year

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Air Astana posts profit of US$39.1m in 2017

Air Astana posted a profit of US$39.1m in 2017, returning to profitability after its first ever loss in 2016. The airline recorded passenger growth of 12% and revenue growth of 22% in 2017, after negative growth in both 2015 and 2016 following the devaluation of the Kazakh Tenge in mid-2015. The airline carried 4.2 million

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