Spirit’s first quarter 2017 revenue was US$1.7bn, up by 1% compared to the same period of 2016, primarily driven by higher production deliveries on the Airbus A350 XWB, partially offset by lower production deliveries on the Boeing 777 program. Spirit’s backlog at the end of the first quarter of 2017 was approximately US$46bn, with work
Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has acquired a significant minority stake in Axtmann Aviation Holding GmbH, that operates FAI Aviation Group (FAI), a leading global provider of mission-critical aviation services, offering fixed-wing air ambulance, special missions, charter and aircraft management, as well as full MRO services.
West Star Aviation has announced its acquisition of Dallas Aeronautical Services (DAS), a leading composite, structures and assembly repair shop located in Cedar Hill, TX. Founded in 2004 as an engineering and design company to help repair stations find new ways to repair composite components, DAS is a FAA/EASA Part 145 Repair Station providing service
Air Transport Services Group reported consolidated financial results for the quarter ended March 31, 2017. Revenues increased 34% US$237.9m. Excluding revenues from reimbursable airline expenses, revenues increased 23%. Revenues from ATSG’s airline, maintenance, and logistics businesses increased significantly. Earnings from Continuing Operations were US$9.8m, compared with US$8.2m a year earlier. These GAAP results include both
For the first quarter of 2017 (1Q2017) Leonardo reported that new orders amounted to €2,647m, 3% higher than in the first quarter of 2016 (1Q2016). The book-to-bill ratio reached 1.1 compared to 1 of the same period of 2016. The order backlog amounted to €34,832m (+25% vs. March 2016). This is increasingly solid as it
FPG / DVB / Mega Bank have successfully closed a JOLCO for a Boeing 787-9 which delivered to Air Canada in February 2017. The equity was arranged by FPG AIM and underwritten by FPG in Japan. The senior loan was arranged and underwritten by DVB Bank and Mega Bank. Skyworks Capital was advisor to Air
In the first quarter 2017 (1Q17), Embraer delivered 18 commercial and 15 executive (11 light and 4 large) jets, representing a decline from the 21 commercial and 23 executive (12 light and 11 large) jet deliveries in the first quarter of 2016 (1Q16). The Company’s firm order backlog ended the quarter at US$19.2bn. Revenues in
airberlin reported a net loss of €-781.9m for 2016 compared to a net loss of €-446.6m the previous year. The airline reported revenues of €3.79bn, compared to revenues of €4.08bn in 2015. The decrease in revenue in 2016 is due primarily to a capacity reduction of 4% and the decline in revenue per passenger (yield)
Southwest Airlines’ total operating revenues increased 1.2%, year-over-year, to a first quarter record US$4.9bn, driven largely by first quarter record passenger revenues of US$4.4bn. Southwest reported net income of US$351m, operating income of US$658m and operating margin of 13.5%. On a unit basis, operating revenues declined 2.8%, year-over-year, which was in line with the Company’s
Finnair Group reported first quarter revenues increased 3.3% to €554.4 m. EBITDAR was €50.1m compared to €36.4m the previous year. Net cash flow from operating activities totalled €23.9m, compared to €10.4m in 2016 and net cash flow from investing activities amounted to €145.1m compared to €-247.3m in 2016.
