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
Lufthansa Group reported that net result for the first half of 2016 amounted to €429m (prior year: €954m), slightly below the prior-year result excluding one-off effects. In the first quarter 2015, the result included a positive effect amounting to €503m from the early conversion of the JetBlue convertible bond. First-half cash flow from operating activities
GE Capital Aviation Services (GECAS), the commercial aircraft leasing arm of GE, announced a US$280m, 10.5 year term, Senior Debt agreement with Aerolíneas Argentinas. The debt is secured by four A330-200s powered by GE’s CF6 engines and three B737-800s powered by CFM56 engines. The four A330s are scheduled to fund in 2016 and the three
C&L announce a new, US$3m expansion to its facility in Bangor. The project, supported in part by a US$1.2m grant from the United States Economic Development Administration that was recently awarded to the City of Bangor, will refurbish a newly leased hangar, add two new buildings, increase capabilities and create 100 additional jobs over the
For first-half 2016, Safran’s revenue was €8,936m, up 6.3%, compared to €8,403m in the same period a year ago. This €533m increase reflects growth in Aerospace (propulsion and equipment) and in Security. On an organic basis, Group revenue increased by 6.5%, or €547m. Organic revenue was determined by applying constant exchange rates and by excluding
Fraport AG Frankfurt Airport Services Worldwide (Fraport AG) and its consortium partners at Pulkovo Airport reached an agreement to sell part of their shares in Thalita Trading (Thalita) to Qatar Investment Authority (QIA). Thalita is the parent company of Northern Capital Gateway consortium, which has the 30-year concession for operating Pulkovo Airport (LED) in St.
