Financial

West Star Aviation has announced its acquisition agreement with Avant Aerospace, a leading supplier of Dassault Falcon Jet spares and equipment located in Grapevine, TX. Avant Aerospace has established a great reputation since 2001 for the acquisition and supply of top quality Dassault Falcon spares, equipment and tooling in support of F2000, F900 and F50

AeroCentury, an independent aircraft leasing company, reported 2016 earnings were US$1.2m compared to 2015 earnings of US$6.4m. “AeroCentury made investments in leased assets totaling US$69m in the third quarter of 2016, the impact of which we are now seeing in the form of increasing operating lease revenue,” said Michael G. Magnusson, Chief Executive Officer. Operating

Air Transport Services Group reported consolidated financial results for the quarter and full year ended December 31, 2016. Revenues increased 24% to US$768.9m for the year, and were up 22% to US$221.7m for the quarter. Excluding revenues from reimbursable airline expenses, revenues increased 18% for the year and 17% for the quarter. Principal contributors were

Aircastle Limited reported that it plans to offer an aggregate of US$500m principal amount of its senior notes due 2024. Aircastle plans to use the net proceeds of the offering for general corporate purposes, which may include the acquisition of aircraft or the refinancing of its existing indebtedness.

Aeroflot Group has published audited financial accounts for the year ending 31st December 2016 which reveal a net profit of RUB 63,254 million for the Russian flag-carrying airline and member of the Sky Team alliance. Revenue increased by 19.4% year-on-year to RUB 495,880 million; EBITDAR amounted to RUB 137,567 million, up 33.4% year-on-year, while EBITDAR

Air Lease Corporation announced the pricing on March 1, 2017 of its public offering of US$500m aggregate principal amount of 3.625% unsecured senior notes due 2027. The Notes were offered to the public at a price of 98.241% of their face amount. The sale of the Notes is expected to close on March 8, 2017,

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.