AirFrance-KLM have reported third quarter 2017 operating result of €1,022m, an improvement by €285m compared to last year. The main items contributing are the positive trend in Group’s unit revenues resulting in an increase of €266m, whereas the decrease in fuel price including hedge results contributed €61m. Adjusted for the interest portion of operating leases,
Bombardier, the Canadian plane and train manufacturer has released third-quarter 2017 financial results, revealing revenues of US$3.8 billion, EBIT before special items of US$165 million and an 8.8 percent EBIT margin for its Business Aircraft sector. Commercial Aircraft EBIT before special terms was as anticipated, in relation the C Series ramp-up plan, at US$495 million.
WestJet has posted its third quarter results for 2017, with record net earnings of CA$138.4m, as compared with the net earnings of CA$116.0m reported in the third quarter of 2016, up 19.4% and 21.6% respectively. WestJet achieved its 50th consecutive quarter of profitability and flew an all-time quarterly record of 6.5 million guests. Based on
Following on from the rostering debacle, Ryanair has addressed the competitiveness of the low-cost carrier’s pilots’ pay, together with communication, career progression and basing. Michael O’Leary, the company’s CEO has claimed that the pay offered was “already slightly higher” that competitor airlines, but he admitted that response to a tightening market for experienced first officers
In summary, the results for Airbus’ nine-month results for 2017 reveal revenue of €43bn, EBIT adjusted at €1.8bn, EBIT reported €2.3bn and EPS reported at €2.39bn. According to the company, the commercial aircraft market is healthy with a robust backlog which is supporting ramp-up plans. However, engine delays have had an impact on the 9m
Ryanair has reported an 11% increase in profit to €1.29bn in the first half to September 30, 2017. Traffic grew 11% to 72m thanks to a strong Easter, traffic grew 11% with 5% lower airfares. Unit costs (including fuel savings) fell 5%, ex-fuel unit costs were flat. Operating activity in the first half generated over
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’
