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.
PAS Technologies has acquired Bolton Aerospace. Based in Manchester, Connecticut, Bolton Aerospace is a sub-tier supplier of precision machined products whose customers are direct OEM suppliers to commercial, aerospace and defense manufacturers. Bolton Aerospace is characterized by a high degree of flexibility, capable of delivering manufacturing services ranging from one operation through complete sub-assemblies with
Finnair’s revenue grew by 2.3% year-on-year to €637.1m compared to €622.7m in 2014. Operational result improved to €64.2m compared to €26.7m in the previous year. Operational EBITDAR was €115.1m compared to €80.1m in 2014. Net cash flow from operating activities stood at €62.6m, €-8.9m the previous year, and net cash flow from investing activities totalled
AirFrance-KLM third quarter 2015 total revenues stood at €7.4bn versus €6.7bn in third quarter 2014, up 10.8%. Corrected for the strike impact, the revenues increased by 4.2% mainly as a result of a strong currency tailwind. Total revenues were down -2.4% like-for-like. In the third quarter 2015, the negative currency impact on costs reached €471m.
