Financial

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

Ontic, a BBA Aviation company and an aerospace industry’s leading provider of ‘Extended Life Solutions’ for OEM legacy products, has reached an agreement to acquire a portfolio of legacy avionics products (the “Business”) from GE Aviation. The Business incorporates a portfolio of legacy avionics parts servicing the military and commercial aviation markets, including electro mechanical,

As part of SAS’s focus on optimizing the capital structure and reduce financing costs, SAS has agreed to refinance two Boeing 737 and four Airbus A319 with a credit facility of US$75m including Standard Chartered Bank and Norddeutsche Landesbank. The facility matures in January 2023. The aircraft will be refinanced in the period until January

Avianca Holding reported that operating income (EBIT) increased in the third quarter 2016, reaching US$83.4m, with an improved operating margin of 7.9%. This represents a 36 bps quarter on quarter increase resulting from efficiencies derived through the Company’s expense reduction program and revised hedging policy. Operating revenues reached US$1.1bn for the quarter. EBITDAR for the

Trenchard Aviation, a civil aircraft maintenance business focusing on cabin services, has acquired Reheat International, a specialist repairer of on board galley equipment and cabin interior products. The acquisition is the third since Graphite Capital, a leading mid-market private equity specialist, financed the management buy-out of Aero Technics in November 2015. The acquisition of Reheat