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
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,
