Financial

AerCap Holdings N.V. reported that its Board of Directors has authorized a new US$250m share repurchase program, which will run through December 31, 2016. This program is in addition to the US$250m share repurchase program announced on May 31, 2016, which runs through September 30, 2016, as well as the US$400m share repurchase program announced

Avianca Holdings S.A. reported second quarter operating income (EBIT) reached US$37.6m, posting an operating margin of 3.9%, a 341 bps increase over the same quarter of last year. Furthermore operating revenues amounted to US$966.2m for the quarter. These results were mainly driven by a 12.1% reduction in total operating costs1 as the Company continued to

Israel Aerospace Industries issued its consolidated financial statements for the quarter ended June 30, 2016. The Company reported sales of US$877m in the second quarter of the year compared to US$928m in Q2 2015, with net income of US$6m compared to net income of approximately US$20m in Q2 2015 and operating income of US$22m compared

As the Italian Government has reversed the €2.50 municipal tax increase from September 1 2016 and revised airport guidelines, which will enable Italy’s regional airports to compete on a level playing field with airports in Rome and Milan as long as they comply with the EU’s MEIP rules. These initiatives have now allowed Pescara airport

Honeywell has reached a definitive agreement to sell Honeywell Technology Solutions Inc. (HTSI), a global provider of professional space, security, logistics and manpower services in the Government Services market, to KBR for approximately US$300m. The transaction, which is subject to customary closing conditions and required regulatory approvals, is expected to close in 2016. HTSI is

Finnair Group reported that revenue grew by 3.8% year-on-year to €1,106.0m compared to €1,065.2 in 2015. Comparable operating result was €-12.2m compared to €-41.3 in 2015. Operating result was €-17.4m compared to €-13.9m in 2015. Comparable EBITDAR was €92.7m compared to €56.5 the previous year. Net cash flow from operating activities stood at €130.0m compared

The HAECO Group reported an attributable profit of HK$1,111m for the first six months of 2016, which included a gain of HK$805m on disposal of the interest of Hong Kong Aero Engine Services (HAESL) in Singapore Aero Engine Services (SAESL). This compares with a profit of HK$254m for the equivalent period in 2015. Earnings per

Cargojet reported its financial results for the second quarter ended June 30, 2016. Total revenues for the quarter were CAD$79.3m, an increase of CAD$4.1m or 5.5% versus the 2nd quarter of the previous year. Gross margin was CAD$20.9m, an increase of CAD$13.6m or 186.3% versus the 2nd quarter of the previous year. Adjusted EBITDA was

ST Aerospace, a subsidiary of ST Engineering, reported 2nd quarter 2016 results. Revenue for 2Q2016 was US$103m higher compared to that of 2Q2015. This was due to higher revenue in the Component/Engine Repair & Overhaul (CERO) and Engineering & Materials Services (EMS) business groups, reduced partially by lower revenue in the Aircraft Maintenance & Modification