HEICO CORPORATION reported that net income increased 31% to US$40.9m in the first quarter of fiscal 2017, up from US$31.3m in the first quarter of fiscal 2016. Operating income increased 23% to US$64.6m in the first quarter of fiscal 2017, up from US$52.6m in the first quarter of fiscal 2016. The Company’s consolidated operating margin
Global provider of tailor-made MRO services for business and regional aviation, Jet Maintenance Solutions (Jet MS), has announced its financial results of the year 2016, showcasing over 5 time increase in profit and a record, 26% of revenue growth. The European MRO provider has enlarged its operations on the back of successfully introducing Bombardier Challenger
International Airlines Group reported operating profit before exceptional items for the year to December 31, 2016 of €2,535m (2015: €2,335m), up 8.6%. Net foreign exchange operating profit impact for the year adverse €460m. Revenue for the year was down 1.3% to €22,567m and passenger unit revenue for the year was down 5.4% at constant currency.
Qantas Group, which includes Qantas Airlines, the Australian flag carrier and its low-cost subsidiary Jetstar, has posted better-than-expected results for the first financial half of 2017 with a A$852m pre-tax profit. This was better than the expected A$800-A$850m provided in October’s guidance, but down 7.5% on the A$921m posted for the same period 2016. Figures
Air Lease Corporation (ALC) reported record financial results for the year and three months ended December 31, 2016. ALC reported revenues of US$1.4bn for the full year 2016, an increase of 16.0% and US$370.5m for the fourth quarter of 2016, an increase of 13.4%. ALC signed agreements for 122 aircraft with 39 customers across 33
Safran reported adjusted revenue was €15,781m, up 1.6% year-on-year. Adjusted revenue growth was 3.9% on an organic basis. Adjusted recurring operating income was €2,404m, a 5.4% increase year-on-year. Adjusted recurring operating margin of 15.2% improved by 50 basis points compared to 2015. Adjusted net income – Group share (continuing and discontinued operations) at €1,804m rose
MTU Aero Engines once again set new records in the financial year 2016. Revenues increased by 7% to a new high of €4,732.7m (2015: €4,435.3m). Operating profit reached €503.0m, beating the previous year’s record by 14% (2015: €440.3m). Earnings after tax surpassed the previous record of €306.9m, set in 2015, growing by 13% to €345.4m.
Despite immediate fluctuations, shares in the French plane manufacturer Airbus remained barely down on Tuesday after the announcement of a 63% drop in profits at €916 million for 2016, compared to €2.2 billion in 2015. The principal reason for the dramatic drop in profitability rests at the door of the A400M military jet, which took
In 2016, SKY Leasing, a full-service aircraft leasing company headquartered in Dublin, Ireland, originated an initial portfolio of 18 aircraft with an appraised value of approximately US$1.0bn, diversified globally across 14 different lessees including Aeroméxico, China Airlines, Ethiopian Airlines, Hawaiian Airlines, Malindo Air, and Volaris. During its launch year, SKY Leasing successfully established itself as
The Air Ambulance division of German Special Mission Operator FAI rent-a-jet AG has reported record operational and financial results in 2016, achieving revenues of more than €45m for the first time in the company’s history. The division’s revenues for 2016 mark an increase of over 7% compared with 2015. For the first time the business
