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
For the full year 2016 AerCap reported net income of US$1,046.6m, compared with US$1,178.7m for the same period in 2015. Net income and diluted earnings per share decreased due to various items, including sales of older aircraft during 2015 and 2016, which reduced average lease assets by approximately US$1.6bn. Diluted earnings per share was favorably
GOL Linhas Aereas Inteligentes reported its consolidated results for the fourth quarter and the full year of 2016. GOL reported a net loss for the quarter of R$30.2m (US$8.7m) compared to the fourth quarter of 2015, representing a negative 1.1% net margin. The airline reported full-year 2016 net income was R$1.1bn (US$316.1m), on revenues of
Despite a substantial improvement over the company’s loss of US$5.34bn for the financial year 2015, Bombardier, the Canadian plane and train manufacturer has reported continued losses for the financial year 2016 at US$981m. While 2015’s loss was sweetened by the announcement of a substantial order, Bombardier Aerospace, the world’s third-largest aircraft manufacturer had no such
Global expansion driven by new routes, high load factors and continued fleet renewal, contributed to Norwegian’s best ever annual result, with a net profit of NOK1,135m (£109m). Operating profit (EBIT) was NOK1,820m. The results are influenced by Norwegian’s international growth, particularly on intercontinental routes, as well as increased presence in the UK and Spain. The
