International Airlines Group (IAG) presented Group consolidated results for the year to December 31st, 2015. The Group posted fourth quarter operating profit of €540m excluding Aer Lingus and before exceptional items (2014: operating profit of €260m), including Aer Lingus €530m. Passenger unit revenue for the quarter was up 3.1%, excluding Aer Lingus and at constant
AE Industrial Partners, a private equity investor in aerospace, power generation and specialty industrial companies, released that its wholly owned AE Materials Group (AEMG) has acquired The Aircraft Group (TAG). TAG is a leading provider of aircraft consulting services for the purchase, sale or leasing of commercial aircraft as well as fleet asset management. Terms
Small Planet Group has announced financial results for the year 2015. The company carried 1.8 million passengers – 40% more than in the previous year – and saw its revenues grow 27%. Meanwhile full year profit for a second year in a row grew double. Profits now are being reinvested into cabin interior and other
Air Lease Corporation reported another consecutive quarter of record fleet, revenue and profitability growth. The company generated adjusted diluted EPS of US$4.64 for the year ended December 31st, 2015, an increase of 15.1% as compared to US$4.03 for the year ended December 31st, 2014. ALC recorded adjusted diluted EPS of US$1.21 for the three months
Republic Airways Holdings reported that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The petitions were filed in the U.S. Bankruptcy Court for the Southern District of New York. Republic’s board of directors unanimously determined that a Chapter 11 reorganization is in
HEICO CORPORATION reported that adjusted net income increased 20% to US$33.2m in the first quarter of fiscal 2016, up from US$27.6m in the first quarter of fiscal 2015. Adjusted operating income increased 20% to US$55.8m in the first quarter of fiscal 2016, up from US$46.4m the previous year. The Company’s adjusted operating margin increased to
DVB Bank generated consolidated net income after taxes of €45.6m (previous year: €79.1m), providing financing solutions and advisory services to its clients in the international transport sector. DVB originated new international Transport Finance business at attractive terms, in spite of persistent and intense competition amongst banks on the financing markets. As at 31 December 2015,
Airbus Group reported solid 2015 results with its guidance achieved for all key performance indicators, reflecting continued operational improvement. Group revenues increased 6% to €64.5bn (2014: €60.7bn). This was mainly driven by Commercial Aircraft which registered an 8% rise in revenues on higher deliveries of 635 aircraft (2014: 629 units), including 14 A350 XWBs, and
The Qantas Group has reported an underlying profit before tax of AU$921m, up from AU$367m in the first half last year. Statutory profit before tax was AU$983m, up from AUS$289m last year. Qantas Domestic, Jetstar and Qantas Loyalty all achieved record results in the half and combined earnings between Qantas Domestic and Jetstar Domestic rose
For the full year 2015 AerCap reported adjusted net income of US$1,275.8m, compared with US$855.5m for full year 2014. Adjusted basic earnings per share of US$6.26, compared with US$4.86 for full year 2014. Increases in adjusted net income and earnings per share over full year 2014 were driven primarily by the full year impact of
