FLY Leasing is reporting net income of US$4.7m for the second quarter of 2016, compares to a restated net loss of US$43.7m for the same period in 2015. Net income for the six months ended June 30, 2016 was US$11.8m. For the same six month period in 2015, there was a restated net loss of
Palm Beach Capital, through one of its investment entities, announced the sale of CTS Engines, jointly owned by Palm Beach Capital and CEO Brian Neff, to Platte River Equity, and management, including Mr. Neff. CTS is headquartered in Fort Lauderdale, Florida with testing operations in Jupiter, Florida. The Company provides a full spectrum of maintenance,
A US$2.1bn charge for R&D is predominantly responsible for a massive swing in Q2 operating profit for Boeing between 2015 and 2016, though consolidated revenue was up 0.9% year-on-year (YOY) at US$24.76m. Prior to the R&D charge the Q2 operating profit for 2016 was US$2.43bn, which, YOY, was down 23.9%. The company has reported a
Airbus Group order intake in the first six months of 2016 was €39.1bn (H1 2015: €53.9bn), with the order book value totalling €978bn as of 30 June 2016 (year-end 2015: €1,006bn). The order book of Airbus Defence and Space decreased by €4.6bn deue to perimeter changes. Airbus received 183 net commercial aircraft orders (H1 2015:
Ryanair on July 25 reported a 4% rise in Q1 profit to €256m, as traffic grew 11% to 31m. Average fare fell 10% to €39.92, offset by a 9% reduction in unit costs. “This modest 4% increase in Q1 profit to €256m is in line with previous guidance. The absence of Easter in Q1 and
WestJet released its second quarter results for 2016, with net earnings of CAD$36.7m, as compared with the net earnings of CAD$61.6m reported in the second quarter of 2015. WestJet achieved its 45th consecutive quarter of profitability and flew 5.3 million guests. Based on the trailing twelve months, the airline recorded a return on invested capital
H.I.G. Capital, a private equity investment firm with over US$20bn of equity capital under management, is pleased to announce the sale of its portfolio company, Amerijet Holdings, to an affiliate of ZS Fund L.P., a middle market focused private equity firm. Since its founding in 1974, Amerijet has grown from a small charter service operator
MTU Aero Engines AG generated revenues of €2,299.2m in the first six months of 2016, an increase of 4% (1-6/15: €2,202.0m. The group’s operating profit improved by 19% to €254.1m (1-6/15: €212.8m), raising the EBIT margin for the six-month period from 9.7% to 11.1%. Earnings after tax increased by 20% to €176.1m (1-6/15: €147.2m), in
AerCap Holdings has completed the closing of a new US$0.7bn secured credit facility. The facility will primarily be used to acquire new narrowbody and widebody aircraft as they deliver from Boeing and Airbus through 2017. The facility was signed to finance a portfolio of 13 aircraft and matures in 2022. AIB Corporate Banking, Bank of
American Airlines Group reported GAAP net profit of US$950m, compared to a GAAP net profit of US$1.7bn in the second quarter 2015. As a result of the reversal of the valuation allowance on the Company’s deferred tax assets as of December 31, 2015, the Company’s 2016 results include a US$543m provision for income taxes at
