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
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
