Ryanair has posted a 6% increase in full year net profit to €1.316bn. The combination of a 13% cut in average fares, coupled with Year 3 of the “Always Getting Better” (AGB) programme delivered 13% traffic growth to 120m customers, and a load factor of 94%. Unit costs fell by 11% (ex-fuel down 5%). Ryanair’s
Singapore Technologies Aerospace (ST Aerospace), through its subsidiary ST Aerospace Engines (STA Engines), has injected its proportional share amounting to US$3.5m (S$4.89m) into the capital of its 50%-jointly controlled company, Total Engine Asset Management (TEAM). This injection will support the expansion of ST Aerospace’s engine leasing business, bringing its total investments to US$15.02m (S$20.97m). TEAM
For the fourth quarter Héroux-Devtek reported consolidated sales reached CA$120.9m, compared with CA$117.5m in the fourth quarter of fiscal 2016. This 2.9% increase reflects higher sales to the commercial aerospace market, as detailed below, while year-over-year fluctuations in the value of the Canadian currency versus foreign currencies had a negative impact of CA$$3.5m on fourth-quarter
Israel Aerospace Industries (IAI), Israel’s largest national military and civilian security defense company, issued its consolidated financial statements for the three months ended March 31, 2017. Operating income in the first quarter 2017 totaled US$44m (5.3% of sales) compared with US$11m (1.3% of sales) in the first quarter of 2016. EBITDA in the first quarter
Apollo Aviation Group has priced its fourth aircraft portfolio transaction on Thursday, May 25, 2017: AASET 2017-1 Trust (AASET 2017-1). AASET 2017-1 will issue US$612.228m of secured notes that will be used to acquire a fleet of 32 aircraft. AASET 2017-1 will issue three tranches of Secured Notes with the following principal amounts and coupons:
HEICO CORPORATION has reported that net income increased 18% to US$45.7m, in the second quarter of fiscal 2017, up from US$38.7m in the second quarter of fiscal 2016. In the first six months of fiscal 2017, net income increased 24% to US$86.6m up from US$69.9m in 2016. Operating income increased 15% to US$76.5m in the
Finaero acquired SMTC, the French train interiors specialist. The objective is to maximize synergies between SMTC and Finaero both in terms of accompanying developments in the rail industry worldwide as well as on know-how and expertise in the aviation industry. SMTC benefited from a €23m turnover in 2016 and counts 150 employees on its site
LATAM Airlines Group reported an operating income of US$152.3m and a net income of US$65.6m. Operating margin reached 6.1% for the quarter, a decline of 3.3 pp compared to the same period last year. Although revenues improved on a year-over-year basis they were offset by a 44.4% increase in fuel prices. During the first quarter
The SIA Group reported an operating profit of SD$623m in the 2016-17 financial year, SD$58m or 8.5% lower compared to the same period last year. Fullyear net profit fell by 55.2%, attributable in part to the net loss recorded in the fourth quarter. Group revenue fell SD$370m year-on-year to SD$14,869m (-2.4%). Passenger flown revenue declined
Kapco Global reported its recent acquisition of German battery distribution company D+C-Airparts Battery in Europe GmbH. With more than thirty-years as a trusted supplier, service center, and battery training facility, D+C-Airparts is one of the most respected names in European aviation battery distribution and maintenance. This acquisition will help Kapco Global further expand its service
