Dutch private equity firm Antea acquired a 30% stake in Aircraft Part-Out Company Europe B.V. (APOC Aviation). APOC Aviation is located in Delft, The Netherlands. It is engaged in the supply of spare parts for the aircraft industry. The company purchases aircrafts that have been taken out-of-service, outsources the disassembly and then sells the parts.
British Airways has announced plans to invest US$110m in its US airport facilities. The investment includes over US$65m investment in JFK’s Terminal 7 to improve the customer journey at check in, security and boarding gates as well as a refurbishment of its First and Business class lounges. The British Airways lounges in Boston, San Francisco,
FLY is reporting net income of US$22.9m for the third quarter of 2016. This compares to a restated net income of US$27.5m for the same period in 2015. Net income for the nine months ended September 30, 2016 was US$34.7m. The restated net income was US$3.7m for the same period in 2015. Adjusted net income
Republic Airways Holdings has filed its Plan of Reorganization (the “Plan”) and a related Disclosure Statement with the U.S. Bankruptcy Court for the Southern District of New York. The Plan sets a course for the Company to emerge during the first quarter of 2017, and was filed with the full support of the Creditors Committee.
Underscoring the continued focus on its core international transportation markets, DVB closed a total of 102 transactions generating €4.2bn in robust and valuable new business volume (previous year: 137 transactions with a volume of €5.0bn). Net interest income rose to €168.4m (previous year: €151.6m). New business in Aviation Finance and Land Transport Finance continued to
Bristow Group and its subsidiaries has entered into two seven-year GBP denominated secured equipment financings for an aggregate US$200m equivalent with Lombard, part of The Royal Bank of Scotland. The proceeds from the financings will be used to finance eight search and rescue (SAR) helicopters being utilized for the SAR contract with the U.K. Department
Bombardier reported consolidated revenues of US$3.7bn in the quarter and $12.0bn in the nine-month period, following the planned reduction in business aircraft revenues and the deferral of revenue recognition following active project and cash management in Transportation. EBIT before special items was US$87m and US$323m respectively for the quarter and year-to-date period, as margin improvements
Having posted a net profit for the same period one year ago of US$877 million, Turkish Airlines has posted a net loss of US$463 million for the nine-month period, 2016. This comes despite a 4% increase in passenger numbers at 48.3 million. Revenues decreased 6.1% to US$7.6 billion, while an operating loss of US$154 million
Thales announced a major investment in next generation aircraft communications technology with the commitment to a jointly funded £20 million research project in partnership with the government funded Aerospace Technology Institute (ATI) and the opening of a state-of-the-art customer engagement suite in the UK. This investment reflects the strategic value that Thales and the UK
The Emirates Group posted its half-year results for 2016-17. Emirates Group revenue was AED 46.5bn (US$12.7bn) for the first six months of its 2016-17 financial year, up 1% from AED 46.0bn (US$12.5bn) during the same period last year. Following one of its best ever half-year profit performances last year, the Group for 2016-17 reported a
