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
Air Transport Services Group (ATSG), a leading provider of medium wide-body aircraft leasing, air cargo transportation and related services, has reported consolidated financial results for the quarter ended June 30, 2017. Revenues increased US$77m to US$253.2m, excluding revenues from reimbursable airline expenses, revenues increased US$60m. ATSG’s airline services operations, and maintenance and logistics businesses, recorded
In the first six months of the 2017 business year (January to June), Fraport AG’s Group revenue advanced to almost €1.4bn, an increase of €130.6m or 10.7% year-on-year. Reasons for this positive performance included strong passenger growth and higher revenue gained from property sales, as well as increased retail revenue achieved at the Group’s home
AerCap reported second quarter 2017 net income of US$282.9m, compared with US$233.3m for the same period in 2016. Diluted earnings per share of U$1.67, compared with US$1.22 for the same period in 2016. The increase in net income and diluted earnings per share was driven primarily by higher net gain on sale of assets, higher
ANA Holdings has delivered a strong profit performance during the first quarter, with operating revenues up 11.7% to JPY451.7bn, operating income up 80.0% to JPY25.4bn and ordinary income up 132.5% to JPY24.7bn compared to the same quarter last year thanks in particular to increased revenues in air transportation business. Operating revenues in the air transportation
Rolls-Royce has reported that revenue for the first half 2017 was up 12% at constant exchange rates, 17% at actual exchange rates compared to 2016. Profit before tax was £1,941m (2016 loss: £2,150m) and underlying revenue was up 6% at constant exchange rates, led by Civil Aerospace and Power Systems. Underlying profit before tax was
GA Telesis has reported the launch of a specialty finance unit, Structured Credit Products (SCP) to focus on structured financial solutions for airline, MRO, and OEM customers. The initial focus strategy will be inventory leasing. Going forward SCP will explore other aviation finance products including originated secured lending, trading in public and private debt, and
The Lufthansa Group increased its total revenues by 12.7% to €17.0bn in the first six months of 2017 (prior-year period: €15.0bn). Traffic revenues were up by 14.2 percent to €13.3bn (prior-year period: €11.6bn). And the key earnings indicator Adjusted EBIT was roughly doubled to over €1bn (prior-year period: €529m), giving the Lufthansa Group its best-ever
Air Canada has reported record second quarter 2017 EBITDAR of CAD$670m compared to the previous second quarter 2016 EBITDAR of CAD$605m, an increase of CAD$65m and consistent with the forecast in Air Canada’s July 6th, 2017 news release. The airline recorded a second quarter EBITDAR margin of 17.1%. On a GAAP basis, Air Canada reported
