Avolon has issued an update for the second quarter of 2017. Following another active quarter, Avolon’s owned, managed and committed fleet at the end of the second quarter was 921 aircraft. In the second quarter of 2017 Avolon has completed the acquisition of the aircraft leasing business of CIT for US$10.4bn, doubling the scale of
For the first half 2017 Rolls-Royce reported that revenue increased 12% at constant exchange rates 17% at actual exchange rates. Profit before tax was £1,941m compared to a loss of £2,150m in 2016. Underlying revenue was up 6% at constant exchange rates, led by Civil Aerospace and Power Systems. Underlying profit before tax was £287m,
Rockwell Collins has reported sales for the third quarter of fiscal year 2017 of US$2.094bn, a 57% increase from the same period in fiscal year 2016, or 5% growth excluding US$695m of revenue from the acquisition of B/E Aerospace. Third quarter fiscal year 2017 earnings per share from continuing operations was US$1.12 compared to US$1.63
American Airlines Group has reported its second-quarter 2017 results, including a second-quarter 2017 pre-tax profit of US$1.3bn, or US$1.5bn excluding net special items. Net profit was US$803m compared to US$950m the previous year. American Airlines Group reported a 7.2% increase in total revenue, to US$11.1bn and a 5.7% increase in total revenue per available seat
International Consolidated Airlines Group (IAG) reported Group consolidated results for the six months to June 30, 2017. IAG reported second quarter operating profit of €805m before exceptional items (2016: €555m) and profit after tax of €567m (2016: €554m). Passenger unit revenue for the quarter was up 1.5%, up 4.0% at constant currency. Non-fuel unit costs
Bombardier has reported its second quarter 2017 results. For the quarter, Bombardier reported revenues of US$4.1bn. EBIT before special items grew to US$164m, up 55% over the same period last year. EBIT margins before special items were 8.2% for Transportation, a robust 8.9% at Business Aircraft and 7.7% at Aerostructures. Bombardier reported a net loss
Airbus has executed a definitive agreement under which Motorola Solutions will acquire Plant Holdings, which holds the Airbus DS Communications business. This agreement is part of the portfolio reshaping within the Airbus Defence and Space Division announced in September 2014. Airbus DS Communications is a leading provider in North America of command centre software for
MTU Aero Engines AG generated revenues of €2,548.0m in the first six months of 2017, up 11% on the previous year (1-6/16: €2,299.2m). The group’s operating profit increased by 26% from €254.1m to €320.8m, resulting in an EBIT margin of 12.6% (1-6/16: 11.1%). Earnings after tax increased by 29% from €176.1m to €227.5m. “The development
In the second quarter 2017, Embraer delivered 35 commercial and 24 executive (16 light and 8 large) jets, compared to the 26 commercial and 26 executive (23 light and 3 large) jet deliveries in the second quarter 2016. The Company’s firm order backlog ended the quarter at US$18.5bn. Revenues in the second quarter increased 29.5%
Air France-KLM has announced a further major step in the reinforcement of its strategic partnerships with the creation of a single global joint-venture between Air France-KLM, Delta Air Lines and Virgin Atlantic and the strengthening of its partnership with China Eastern Airlines. Air France-KLM will acquire Virgin Group’s 31% stake in Virgin Atlantic for £220m
