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
Air France-KLM posted a profit of €118m for the full year 2015, compared to a loss of €225m for the previous year. Turnover was €26.1bn, up 4.6% compared to €24.9bn in 2014. Fourth quarter 2015 results were affected by the November terrorist attacks in Paris, which were estimated to have cost Air France-KLM €120m, as
Aircastle has reported that it formed an aircraft leasing joint venture with IBJ Leasing (IBJL), a Japanese general leasing company which is part of Mizuho Financial Group. The joint venture, which will be serviced by Aircastle, will target investments in newer narrow-body aircraft leased to premier airlines. It is expected the joint venture will purchase
Air Canada reported full year adjusted net income of CA$1.222bn, compared to adjusted net income of CA$531m in 2014, an improvement of CA$691m. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to CA$2.534bn compared to EBITDAR of CA$1.671bn in 2014, an improvement of CA$863m. On a GAAP basis, Air Canada reported operating
ST Aerospace Resources has signed an agreement to divest 50% of its equity stake in Keystone Holdings (Global) to SJ Aviation Capital, a Singapore based subsidiary of Sojitz Corporation, for a consideration estimated to be US$10.7m. Upon completion, ST Aerospace Resources and SJ Aviation Capital will each own a 50% shareholding in Keystone Holdings. The
