German General Aviation operator and air ambulance specialist FAI rent-a-jet AG (dba Flight Ambulance International) is marking another successful year as it closes its books on 2015. The Nuremberg-headquartered company has recorded an operational income of approximately €80m, up on the 2014 figure of €73.5m. The growth has been predominantly driven by a 37% increase
Alaska Air Group reported fourth quarter net income, excluding special items, of US$186m a 49% increase over the fourth quarter of 2014. Alaska reported full-year net income, excluding special items, of US$842m, a 47% increase over 2014. The company reported net income for the fourth quarter and full year under Generally Accepted Accounting Principles (GAAP)
Southwest Airlines reported fourth quarter net income, excluding special items, of US$591m, compared with fourth quarter 2014 net income, excluding special items, of US$404m. Southwest reported fourth quarter GAAP net income of US$536m, compared with fourth quarter 2014 GAAP net income of US$190 million. Fourth quarter operating income, excluding special items, was US$992m resulting in
UAL reported full-year net income of US$4.5bn excluding special items; including special items, UAL reported full-year net income of US$7.3bn. These results include a nonrecurring US$3.1bn non-cash benefit associated with the reversal of the company’s income tax valuation allowance. UAL reported fourth-quarter net income of US$934m, excluding special items; including special items, UAL reported fourth-quarter
Delta Air Lines reported financial results for the December 2015 quarter, including adjusted pre-tax income of US$1.45bn, a US$430m increase year over year. Adjusted net income was US$926m, up 51% from the December quarter of 2014. Delta’s operating revenue for the December quarter decreased 2%, or US$145m, due to US$160m in foreign currency pressures. Passenger
Atlas Air Worldwide has entered into a definitive agreement to acquire privately held Southern Air Holdings, a premier provider of intercontinental and domestic air cargo services, in an immediately accretive, all-cash, debt-free transaction valued at approximately US$110m. The transaction is subject to customary closing conditions and approval by the U.S. Department of Transportation, and is
Air Astana has reported a net profit for 2015 of US$47.4m, an increase of 144% over 2014. It is the Kazakhstan carrier’s 13th year of profitability. Passenger numbers for the year increased by 2% to 3.86 million, whilst capacity increased by 6%. Total revenue fell by 21% from US$933m to US$738.1m. Commenting on the results,
Finnair has secured financing, arranged by BNP Paribas, for its third Airbus A350-900 XWB, which was delivered on December 30th, 2015. The transaction amounts to approximately €135m, implemented using a Japanese Operating Lease with Call Option (JOLCO) structure, where the transaction amount is treated in Finnair’s IFRS accounting as a loan and the aircraft as
Israel Aerospace Industries (IAI) and Formula Systems have entered into a definitive agreement for the purchase of TSG – a subsidiary and the military arm of Ness Technologies, engaged in the fields of command and control systems, intelligence, homeland security and Cyber security. The total purchase price in the transaction will be US$50m in cash
Global Fixed Income Fund I has financed the US$26m junior tranche of a 12-year finance lease for two Boeing Aircraft operated by Norwegian Air Shuttle. The senior lender is Norddeutsche Landesbank Girozentrale (Nord/LB) with a loan volume of US$68m. Doric GmbH is responsible for the asset management of the aircraft. Floreat Group is a privately-held,
