HEICO CORPORATION reported that net income increased 17% to US$38.7m in the second quarter of fiscal 2016, up from US$33.1m in the second quarter of fiscal 2015. In the first six months of fiscal 2016, net income increased 15% to US$69.9m (after a US$.03 reduction related to nonrecurring acquisition costs incurred in the first quarter
AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, and the Henan Civil Aviation Development and Investment Company (HNCA) have signed a joint venture agreement, according to which the enterprises will establish a joint-venture aircraft leasing company. It is planned that the Henan-based JV will build and manage a fleet of narrow-body aircraft worth
Finnair signed an agreement to sell its Finnish business travel agency, SMT Oy, to American Express Global Business Travel (GBT). The transaction is expected to close during the third quarter of 2016. SMT has been a partner within the GBT network for 27 years. As one company, SMT and GBT will strengthen the service provided
Finnair has secured financing, arranged by BNP Paribas, for its fifth Airbus A350-900 XWB, which was delivered on April 29, 2016. The transaction amounts to approximately €128m, implemented using a Japanese Operating Lease with Call Option (JOLCO) structure. “This transaction represents yet another successful A350-900 financing for Finnair, and the third we have done using
Gogo reported the commencement of a private offering of US$500m aggregate principal amount of senior secured notes due 2022 to be issued by its direct wholly owned subsidiary, Gogo Intermediate Holdings (the Issuer), and its indirect wholly owned subsidiary, Gogo Finance. The Notes will be guaranteed on a senior secured basis by Gogo Inc. and
FLY is reporting net income for the first quarter of 2016 of US$7.1m, compared to net income of US$19.9m for the same period in 2015. The first quarter 2015 results include US$21.9m of end of lease revenue, whereas there was only US$3.2m of end of lease revenue in the first quarter of 2016. Adjusted net
AerCap Holdings N.V. released that AerCap Ireland Capital Limited and AerCap Global Aviation Trust (together, the “Issuers”), each a wholly-owned subsidiary of the Company, priced their previously announced offering of senior notes, consisting of US$1.0bn aggregate principal amount of 3.95% Senior Notes due 2022 (the “Notes”). The Notes will be fully and unconditionally guaranteed on
Elbit Systems, the international high technology company, reported its consolidated results for the quarter ended March 31st, 2016. Revenues in the first quarter of 2016 were US$721.2m, as compared to US$706.6m in the first quarter of 2015. Non-GAAP gross profit amounted to US$220.1m (30.5% of revenues) in the first quarter of 2016, as compared to
Singapore Airlines Group reported a net profit of S$804m in the 2015-16 financial year, a S$436m improvement over the net profit recorded in the last financial year (+118.5%). Group operating profit increased S$271m (+66.1%) year-on-year to S$681m. Dividends received from long-term investments were higher (+S$102m), while the Group’s share of losses of associated companies were
Singapore Technologies Engineering (ST Engineering) announced financial results for its first quarter ended March 31, 2016 (1Q2016). Group revenue was S$1.63bn 8% higher than a year before, with higher sales from the Aerospace and Electronics sectors. Quarterly profit before tax (PBT) for the Group was S$130.4m, down 13% from S$150.5m, and quarterly net profit after
