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
Air Canada reported record full year 2016 EBITDAR, excluding special items, of CA$2.768bn, compared to the previous record of CA$2.542bn recorded in 2015, an increase of CA$226m or 8.9% and surpassing the 6 to 8% increase projected in its November 7, 2016 news release. On a GAAP basis, Air Canada reported operating income of CA$1.345bn
Lufthansa and pilots’ union Vereinigung Cockpit accepted the mediation recommendation of Dr. Gunter Pleuger on February 15, ending a long-running dispute over salaries. His recommendation contains the following key points: A pay increase for the 5,400 pilots in the Group tariff agreement of Lufthansa, Lufthansa Cargo and Germanwings in four stages amounting to a total
Singapore Technologies Aerospace (ST Aerospace) has incorporated a new company, Keystone 4 Limited (Keystone 4), in Ireland, as a wholly-owned subsidiary of Keystone Holdings (Global), (Keystone Holdings), with a paid up capital of US$1. Keystone Holdings is a 50-50 joint venture aircraft investment holding company between ST Aerospace Resources and SJ Aviation Capital. A holding
Finnair Group revenue increased by 2.8% year-on-year to €2,316.8m compared to €2,254.5m in 2015 with 6.5% ASK growth. Excluding the sold travel agencies, revenue growth was 3.2%. Comparable operating result was €55.2m compared to €23.7m in 2015. Operating result was €116.2m compared to €121.7m in 2015, including the sales gain on one Airbus A350 widebody
Rolls-Royce reported a net loss of £4.03bn (US$5.02bn) for the full year 2016. The pre-tax loss was £4.6bn, with underlying profit of £813m, down from 2015’s £1.43bn. The company reported revenue for 2016 of £14.96bn, up 9% from £13.72bn the previous year. In January 2017 Rolls-Royce had entered into Deferred Prosecution Agreements (DPAs) with the
Aircastle reported fourth quarter 2016 net income of US$67.7m and adjusted net income of US$70.5m. Net income for the year ended December 31, 2016 was US$151.5m and adjusted net income was US$168.5m. The fourth quarter results included lease rental revenues of US$191.7m, an increase of 3%, versus US$185.7m in the fourth quarter of 2015. For
Tennenbaum Capital Partners released that certain of its funds have agreed to provide a US$100m engine financing facility to Mesa Air Group, a leading regional airline. The facility will be used to purchase a portfolio of new General Electric CF34-8C5 engines and will provide Mesa with additional financing capacity to support its growing business. “We
