AeroCentury, an independent aircraft leasing company, reported its operating results for the third quarter ended September 30, 2013. The Company reported a net loss of $0.3 million for the third quarter of 2013, compared to net income of $1.1m for the third quarter of 2012. The Company reported net income of $4.6m for the nine
IAG reported third quarter operating profit of €690m (2012: €270 million) before exceptional items, at constant currency, third quarter passenger unit revenue was up 6.7% (excluding Vueling 7.4%) and non-fuel unit costs was down 4.3% (excluding Vueling up 0.6%). Operating profit for the nine month period was €657m (2012: €17m) before exceptional items. Revenue for
Willis Lease Finance Corporation (WLFC) reported net income attributable to common shareholders was $9.1m for the first nine months of 2013, compared to a loss of $3.0m in the first nine months of 2012. A significant improvement in portfolio utilization in the current quarter was overshadowed by asset write-downs and engine repair expenses. In the
FLY’s net income for the third quarter of 2013 was $304,000 compared to a loss of $29.4m in the same period of 2012. Operating lease revenue decreased from $84.4m for the third quarter of 2012 to $78.4m for the third quarter of 2013, primarily due to a decrease in end of lease income from $5.8m
Altra Holdings has signed a definitive agreement to acquire the shares of Svendborg Brakes A/S and S.B. Patent Holding ApS (together “Svendborg”) for a cash consideration of €80.1m, less the cash remaining on the balance sheet at close, which is payable upon completion of the acquisition. Altra intends to finance the transaction through a combination
Air Transport Services Group, a leading provider of aircraft leasing, and air cargo transportation and related services reported consolidated financial results for the quarter ended September 30, 2013. Revenues decreased 8.4% to $140.9m. Revenues increased 1.4% from the second quarter of 2013. Net earnings from continuing operations decreased 32.5% to $7.8m but were up 12.8%
Astronics Corporation released that consolidated sales for the third quarter of 2013 increased by 30.2% to $89.7m compared with the same period last year. Aerospace sales of $87.5m, which represented 97.6% of the consolidated total, increased by $21.7m, including $15.7m associated with the acquisition of Peco. Test Systems sales decreased $0.9m to $2.1m. Consolidated gross
WestJet announced its third quarter 2013 results, with net earnings of $65.1m. This compares with the net earnings of $70.6m reported in the third quarter of 2012. Based on the trailing twelve months, the airline achieved a return on invested capital of 13.8%, compared with the 14.4% reported in the previous quarter, and one of
Hong Kong Aviation Capital, a leading investor in global aviation finance, announced DVB closed refinancing on two Asiana A320-200 aircraft. DVB Bank has closed a commercial financing facility with Hong Kong Aviation Capital (HKAC) in October 2013 for two 2006-vintage A320-200 aircraft on operating lease with Asiana Airlines. The German bank acted as arranger, agent
MTU Aero Engines AG signed a new syndicated credit facility for 400 million euros, thus securing the group’s funding in the long term. The loan agreement with a syndicate consisting of five banks runs for five years and includes an option to extend the agreement for two years. This funding, which is used for general
