Israel Aerospace Industries, Israel’s largest national military and civilian security defense company, has issued its consolidated financial statements for the quarter ended June 30, 2017. In the second quarter 2017, the Company reported a record growth in order backlog to US$11.1bn. The Company reported sales totaling US$859m in the second quarter of the year, as
The HAECO Group reported an attributable profit of HK$348m for the first six months of 2017. This compares with a profit of HK$1,111m for the equivalent period in 2016, which included a gain of HK$805m on disposal of the interest of Hong Kong Aero Engine Services Limited (HAESL) in Singapore Aero Engine Services Pte. Limited
After posting a series of annual losses, including €780 million in 2016, Air Berlin, Germany’s second-largest carrier by passenger numbers, has filed for bankruptcy protection after Gulf carrier Etihad Airways, a 30% stakeholder in the company, withdrew any further financial support. Air Berlin has been granted a €150 million bridging loan to enable it to
In the second quarter of 2017, Chorus reported adjusted EBITDA of US$65.5m versus US$57.8m in 2016; an increase of US$7.7m or 13.3%. Adjusted net income was US$26.7m for the quarter, an increase from the second quarter of 2016 of US$4.9m or 22.3%. The change was a result of the US$7.7m increase in adjusted EBITDA previously
FLY is reporting net income of US$2.9m for the second quarter of 2017. This compares to net income of US$4.7m for the same period in 2016. Net income for the six months ended June 30, 2017 was US$7.9m. For the same six month period in 2016, net income was US$11.8m. Adjusted net income was US$9.7m
HNA Group Co., (HNA), the Chinese conglomerate headquartered in Haikou, Hainan, China has continued with its European expansion program with the acquisition of an 82.5% stake in Frankfurt-Hahn Airport at a cost of US$15.8 million. The successful bid was made back in March this year and received European regulatory approval. The stake was owned by
Aircraft leasing company AeroCentury has released that second quarter 2017 earnings grew 19% to US$356,000 compared to US$299,000 in the second quarter of 2016, and compared to US$642,000 in the first quarter of 2017. In the first six months of 2017, net income grew 36% to US$997,000 from US$732,000 in the first six months of
GA Telesis and Wafra Capital Partners jointly announced that GA Telesis has raised a new US$500m investment vehicle from institutional and private clients advised by WCP to establish a second aviation investment vehicle focused on aircraft and engine investment opportunities. This capital raise constitutes the second round of funding from WCP. The vehicle will be
Willis Lease Finance has reported that pretax income grew 76% to US$10.2m in the second quarter of 2017, compared to US$5.8m in the second quarter of 2016, on revenues of US$67.8m. The Company’s second quarter 2017 results were bolstered by continued strength in its core leasing business with 90% utilization at quarter end and US$19.4m
A wholly-owned subsidiary of Air Lease Corporation has entered into a joint venture with a co-investment vehicle (the JV Partner) arranged by Napier Park Global Capital (Napier Park) for the purpose of investing in commercial aircraft and leasing them to airlines worldwide. The newly formed entity is named Blackbird Capital II (Blackbird Capital II) and
