AeroCentury, an independent aircraft leasing company, reported earnings growth of 80% to US$1.4m in the second quarter of 2015, from US$752,000 in the first quarter of 2015. Second quarter profits were fueled by the Company’s portfolio modernization program, which is generating gains from sale of older assets. Following the US$6.8m non-cash, pre-tax write-down of certain
Avolon, the international aircraft leasing company, announced the delivery of a Boeing 737-800 aircraft to Lion Air. This delivery is the seventh Avolon aircraft on lease to Lion Air.
airberlin’s revenue performance in the second quarter of 2015 was characterised by tactical capacity adjustments. At €1.07 bn in Q2 2015, revenue fell by 7.0% compared to the same period last year (Q2 2014 €1.15bn). Accordingly, Group revenue also declined by -2.3% (from €1.91bn to €1.87bn) in the first half of 2015. As a result
DVB Bank SE, the international transport finance specialist, increased consolidated net income before taxes for the first half of 2015 by 4.6% year-on-year, to €43.3m (previous year: €41.4m). Interest income rose by 18.9%, from €434.7m to €516.8m. Allowance for credit losses amounted to €39.7m (previous year: €27.9m), net interest income after allowance for credit losses
Air Canada reported second quarter adjusted net income of C$250m compared to adjusted net income of C$139m in the second quarter of 2014, an improvement of C$111m or approximately 80%. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to C$591m compared to EBITDAR of C$45m in the same quarter in 2014, an
TAT Technology, a leading provider of services and products for the commercial and military aerospace and ground defense industries, has entered into a definitive agreement to acquire Chromalloy Israel for approximately US$3.5m (subject to certain price adjustments) in cash payable at the closing of the transaction. TAT shall pay additional amounts of up to US$
Avolon, the international aircraft leasing company, has entered into an Exclusivity Agreement with Bohai Leasing granting Bohai exclusivity to negotiate with Avolon until September 7th, 2015 with respect to the possible acquisition of 100% of the issued and outstanding common shares of Avolon at a price of US$32 per share. During the Exclusivity Period, Bohai
Finnair, Staffpoint Holding (Staffpoint) and G.W. Sohlberg (GWS) have previously indicated an intention to conclude a transaction whereby 60% of the shares in Nordic Regional Airlines AB would be transferred to the ownership of Staffpoint and GWS. As of March 31st, 2015, Finnair has owned 100% of the company during an interim permission by the
Republic’s pre-tax income for the second quarter of 2015 was US$9.1m, compared to US$33.3m for the prior year’s second quarter. Republic’s net income for the second quarter of 2015 was US$4.3m compared to prior year net income of US$20.1m. The effective tax rate of 52.7% for the quarter was higher than the normalized tax rate,
Hawker Pacific and Aeromil Pacific have entered into a definitive agreement under which Hawker Pacific has acquired Aeromil Pacific for an undisclosed amount. Aeromil Pacific, established in 1980, is one of the largest and most successful privately owned and operated aviation organisations in the region specialising in new Cessna aircraft sales, pre-owned aircraft sales, aircraft
