Veling, a niche aircraft leasing company, announced a partnership with Flexpoint Ford, a private equity firm focused on the financial services and healthcare sectors. The partnership will provide Veling with equity capital to support the purchase and leaseback of over US$1bn of commercial aircraft to high-quality airlines over the next two years. Veling, based in
Air Transport Services Group, a provider of medium wide-body aircraft leasing, air cargo transportation and related services, reported consolidated financial results for the quarter ended September 30th, 2015. Revenues increased 3% to US$142.3m, including a 6% increase in freighter aircraft leasing revenues. Excluding revenues from reimbursements, third-quarter 2015 revenues increased 6%. Both pre-tax and net
Singapore Technologies Engineering (ST Engineering) announced financial results for its third quarter ended September 30th, 2015 (3Q2015). The Group posted quarterly revenue of US$1.50bn and profit before tax of US$154.7m. These results are comparable to revenue of US$1.55bn and profit before tax of US$151.7m in the same quarter last year. Quarterly net profit after tax
Air Canada reported third quarter adjusted net income of CAD$734m, compared to adjusted net income of CAD$457m in the third quarter of 2014, an improvement of CAD$277m or approximately 61%. EBITDAR amounted to CAD$1,076m compared to EBITDAR of CAD$749m in the same quarter in 2014, an increase of CAD$327m or approximately 44% year-over-year. On a
DVB Bank generated consolidated net income before taxes of €59.8m (previous year: €72.6m) during the first nine months of 2015, providing financing solutions and advisory services to its clients in the international transport sector. Net interest income decreased by 6.7%, from €62.5m to €151.6m. Thanks to the high volume of new Transport Finance business, interest
Aircastle reported a third quarter 2015 net loss of US$(14.0)m and an adjusted net loss of US$(9.7)m. The third quarter results included total revenues of US$212.1m, an increase of 19.4%, versus US$177.6m in the third quarter of 2014. Commenting on the results, Ron Wainshal, Aircastle’s CEO, stated “During the third quarter we took decisive measures
WestJet posted its third quarter 2015 results, with record net earnings of CAD$101.8m as compared with the adjusted net earnings of CAD$85.4m reported in the third quarter of 2014, up 19.2% and 24.2%, respectively, notwithstanding the significant weakening of the Canadian dollar year over year and the softening of the Western Canadian economy as a
Willis Lease Finance Corporation (WLFC), an independent jet engine lessor in the commercial finance sector, reported its third quarter 2015 net income increased 163% to US$2.6m compared to US$1.0m in the third quarter of 2014. This follows a net loss in the second quarter of 2015 which totaled US$0.5m resulting from a US$3.1m non-cash write-down
Airbus Group revenues increased 6% to €43.0bn (9m 2014: €40.5bn), reflecting the strengthening U.S. dollar and a favourable mix at Airbus. Revenues at Commercial Aircraft rose eight percent with 446 aircraft delivered (9m 2014: 443 units), including 19 A380s and five A350 XWBs. Despite lower overall deliveries of 237 units (9m 2014: 295 units), Helicopters’
OAG, a global leader in aviation data and analytical services, announced the sale of its MRO Network business. MRO Network, part of OAG, provides aviation exhibitions, conferences and publications to the MRO, fleet, financing and leasing sectors. MRO Network has been sold to Penton, a U.S.-based professional information services company, for an undisclosed sum.
