Cambridge Information Group (CIG) along with its partners Externalis S.A. and VSS announced the sale of Navtech, a global provider of flight operations solutions, to Airbus. The acquisition will enrich Airbus’ expansive product development program and enable greater growth for Navtech. The transaction marks a successful ten year investment for CIG and other Navtech shareholders.
SAS Scandinavian Airlines reported operating income before tax totaled MSEK-186 (MSEK-657 in 2015). Income before tax amounted to MSEK-309 (MSEK-836 in 2015) and income after tax was MSEK-246 (MSEK-640 in 2015). Tax income amounted to MSEK 63 compared to MSEK 196 the previous year. The exchange-rate trend had a negative impact on revenue of MSEK-79
LATAM Airlines Group reported operating income of US$149.2m for the fourth quarter of 2015 and US$513.9m for full year 2015. Operating margin reached 6.2% for the quarter and 5.1% for the full year, slightly above the upper bound of the guidance provided by the Company and 1.0 p.p. above the operating margin reached during full
Jet Aviation is expanding its aircraft management and charter services on the U.S. West Coast with the acquisition of Avjet Corporation, a global jet charter and management company based in Los Angeles, CA. “Avjet’s 37-years of experience in aircraft management and charter services and impressive fleet of 45 aircraft makes it the perfect complement to
FLY Leasing has reported its financial results for the fourth quarter and full year of 2015. FLY is reporting net income of US$27.7m for the fourth quarter of 2015, this compares to net income of US$15.5m for the same period of 2014. The fourth quarter 2015 results include an impairment charge of US$18.9m related to
Global aeronautical communications provider Satcom Direct Communications (SDC), has closed its purchase of Airbus DS SatCom Government (ASGI), expanding its market presence and offerings to the U.S. government sector. ASGI has been renamed Satcom Direct Government, Inc. and to acknowledge its heritage as part of COMSAT Mobile, will do business as “COMSAT”. The close of
The HAECO Group reported an attributable profit of HK$464m in 2015, compared to a profit of HK$573m in 2014. Manhours sold by HAECO in Hong Kong (HAECO Hong Kong) for airframe services increased by 13.8% in 2015. This reflected continued good demand and an increase in staff numbers. Manhours sold for line services in Hong
On November 9th, 2010, the European Commission decided to fine SAS Cargo and the SAS Group, alongside 11 other airlines, for participating in a global cartel in the cargo sector. SAS was fined €70.2m, but appealed the decision to the European Court’s first instance, the General Court. In December 2015, the General Court annulled the
AeroCentury, an independent aircraft leasing company, reported earnings totaling US$3.1m in the fourth quarter of 2015, compared to US$1.3m in the third quarter of 2015, and $0.5 million in the fourth quarter of 2014. The fourth quarter 2015 results reflect increased lease revenue due to improved utilization and higher gains from sales of aircraft. Net
BOC Aviation reported financial results for the year ended December 31st, 2015. Robert Martin, Managing Director and Chief Executive Officer, said: “In 2015, BOC Aviation had another very successful year, with record net profit after tax of US$343m, an 11% increase over 2014. The owned and managed fleet grew to 270 aircraft, and together with
