Aircastle announced the pricing of US$500m aggregate principal amount of its 5.00% senior notes due 2023 (the “notes”). The notes were priced at par. Aircastle plans to use the net proceeds of the offering for general corporate purposes, which may include the acquisition of aircraft or the refinancing of its existing indebtedness. The offering is
Lufthansa Technik AG, headquartered in Hamburg, increased its turnover and profit in 2015, continuing its growth course. Sales revenues grew by 17.6% to around €5.1bn (up €762m). The company achieved 20% growth in its adjusted EBIT (Earnings Before Interest and Taxes) to €454m (previous year: €380m). “This is a strong result,” said the Chairman of
In 2015, the Lufthansa Group generated revenues of €32.1bn, a 6.8% increase on the previous year. The Adjusted EBIT, the leading indicator of economic success, increased by 55% to €1.8bn. Hence, the result sits within the forecast range defined last October, even including some €100m earnings impact as a result of strikes in the fourth
Despite some extraordinary obstacles such as the appreciation of the Swiss franc and export embargoes, RUAG increased its earnings before interest and taxes (EBIT) substantially in 2015, bringing the total to CHF 137m (previous year: CHF 113m). All five divisions operated profitably and contributed to the positive Group result. Owing to the strong Swiss franc,
The Fraport Group closed fiscal year 2015 successfully with a 2.5% rise in passenger traffic – serving 61 million at its Frankfurt Airport (FRA) home base – as well as a significant increase in its key financial figures. Group revenue climbed 8.4% year-on-year to €2.58bn (adjusted for IFRIC 12). The Group’s operating profit (EBITDA) increased
Nordic Aviation Capital (NAC) reported that it is acquiring Jetscape Aviation Group (Jetscape), a leading player in regional jet leasing. The deal will see Nordic Aviation Capital expand into the regional jet arena, bringing 28 owned Embraer E-Jets, commitments for 11 E-Jets and a further 18 of the type under management into its sizeable regional
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
