Bombardier reported consolidated revenues of US$4.3bn in the quarter and US$8.2bn for the first six-month period, relative to US$4.6bn and US$9.0bn for the same periods last year, explained for the most part by the planned reduction in business aircraft revenues. EBIT before special items was US$106m and US$236m respectively for the quarter and year-to-date, as
AeroCentury, an independent aircraft leasing company, reported second quarter 2016 earnings of US$299,000, compared to US$1.4m for the second quarter of 2015, and US$434,000, for the first quarter of 2016. Earnings reported for the second quarter of 2016 included gains of US$2.2m related to an aircraft disposition pursuant to a sales-type finance lease and insurance
DVB Bank, the international transport finance specialist, generated consolidated net income before taxes of €14.1m (previous year: €75.7m) for the first six months of 2016. Net income from financial instruments in accordance with IAS 39, generally subject to volatility, amounted to €10.0m (previous year: €63.5m). The considerable decline was primarily due to substantial non-recurring income
airberlin’s net result in the second quarter decreased to €-89.1m (Q2 2015:€-37.5m) and to €-271.5m (HY 2015: €-247.6m) in the first half-year. Operating earnings (EBIT) decreased in the second quarter to €-62.7m (Q2 2015: -15.9 million euros), and compared to the first half of the year, declined by 34 per cent to €-234.9m (HY 2015:
Lufthansa Cargo took over complete ownership of the time:matters Group, experts in global sameday delivery and time-critical international spare part logistics. The cargo airline, which spun off time:matters as a subsidiary in 2002, had already held a 49% share. The majority 51% shareholding had been held by financial investor Aheim Capital and time:matters management. Lufthansa
Air Transport Services Group reported consolidated financial results for the quarter ended June 30, 2016. Revenues increased 19% to US$176.5m. Excluding revenues from reimbursed expenses, revenues increased 13%. This increase included contributions from thirty-five Boeing 767 cargo aircraft leased to external customers at June 30, six more than a year earlier. Eight of those thirty-five
Exchange Income Corporation, a diversified, acquisition-oriented company, has successfully closed the acquisition of all of the issued and outstanding shares of CarteNav Solutions for a purchase price of up to CAD$17.0m which is subject to an earn-out provision and customary post-closing adjustments. CarteNav, headquartered in Halifax, Nova Scotia, is a leading software developer providing intelligence,
China’s HNA Group has acquired a 23.7% stake in Brazil’s Azul Airlines (Azul) through its subsidiary, Hainan Airlines, the agreement first disclosed in November last year. Aside from Azul and a pending investment US$114 million for a 13% stake in Virgin Australia, HNA Group also has a stake in Africa World Airlines, Aigle Azur, Comair
Spirit AeroSystems reported second quarter 2016 financial results driven by strong operating performance of mature programs. Spirit’s second quarter 2016 revenue was US$1.8bn, up 8% compared to the same period of 2015, primarily driven by higher production deliveries on the A350 XWB and A320 programs, one-time claim settlements, and higher Global Customer Support and Services
Aircastle reported that total revenues were US$190.0 million, a decrease of US$14.6 million, or 7% from the previous year. A decrease of US$8.8m in maintenance revenues and a US$6.4m drop in lease rental and finance and sales-type lease revenue accounted for most of the change. During the second quarter of 2015, Aircastle recorded US$21.3m of
