AeroCentury (the Company or AeroCentury) , an independent aircraft leasing company, has signed a definitive Agreement and Plan of Merger (Merger Agreement) for the acquisition of JetFleet Holding (JHC) on October 26, 2017. JHC is the parent of JetFleet Management Corp. (JMC), which has managed the Company’s operations and aircraft portfolio since AeroCentury’s founding in
Aergo Capital Limited headquartered in Dublin, Ireland has announced the issuance of US$584.839m of secured notes (the Notes) by METAL 2017-1 Limited (METAL Cayman) and METAL 2017-1 USA LLC (METAL USA). Together METAL Cayman and METAL USA expect to use the proceeds from the sale of the Notes to acquire a portfolio of 26 aircraft
Safran reported third-quarter 2017 adjusted revenue was €3,815m, up 8.5% on a reported basis year-on-year. Adjusted revenue increased 11.3% on an organic basis. Adjusted revenue in the first nine months of 2017 was €11,853m, an increase of 3.0% on a reported basis, up 5.1% on an organic basis, compared to 2016. In the third-quarter 2017,
airberlin’s maintenance unit, has been acquired by family-owned Zeitfracht and maintenance group Nayak, for a sum as yet undisclosed. This should save approximately 300 jobs. Zeitfracht is also buying Air Berlin’s cargo marketing unit. The remaining 550 maintenance employees who will not be going to Zeitfracht will be taken on by a so-called ‘transfer company’
easyJet has signed an agreement with airberlin to acquire part of its operations at Berlin Tegel airport for a purchase consideration of €40m. This excludes potential start-up and transitional operating costs. The acquisition is subject to regulatory approvals and is expected to close in December 2017. The acquisition will result in easyJet entering into leases
International Consolidated Airlines Group (IAG) presented Group consolidated results for the nine months to September 30, 2017. The Group posted third quarter operating profit of €1,455m before exceptional items (2016: €1,205m). Passenger unit revenue for the quarter was up 0.7%, up 2.2% at constant currency. Operating profit before exceptional items for the period of nine
During the third quarter 2017, Embraer delivered 25 commercial jets and 20 executive jets (13 light and 7 large); The Company’s firm order backlog at the end of the third quarter was US$18.8bn, representing an increase from the US$18.5bn reported at the end of 2Q17. Consolidated revenues were US$1,310.4m, representing a decline of 13.5% compared
Air Canada has reported third quarter 2017 EBITDAR of CA$1.388bn compared to the previous third quarter 2016 EBITDAR of CA$1.248bn, an increase of CA$140m. The airline recorded a third quarter EBITDAR margin of 28.4%. On a GAAP basis, Air Canada reported third quarter operating income of CA$1.004bn compared to the previous third quarter 2016 operating
In the first nine months of 2017, MTU Aero Engines AG saw its revenues increase by 10% to €3,745.4m (1-9/2016: €3,401.3m). The group’s operating profit increased by 14% from €393.8m to €450.6m, improving the EBIT margin from 11.6% to 12.0%. Earnings after tax rose by 17% to €320.4m (1-9/2016: €273.4m). “Based on these results and
The Boeing Company has reported third-quarter revenue of US$24.3bn, with GAAP earnings per share of $3.06 and core earnings per share (non-GAAP) of US$2.72, reflecting strong deliveries, services and delivery mix, and overall solid execution. The company’s cash flow guidance is increased to US$12.5bn from US$12.25bn, driven by improved performance. Full year EPS guidance is
