EQT VI has agreed to acquire a majority stake of Nordic Aviation Capital A/S, a lessor of turboprop aircraft for the global airline industry, and enter into a partnership with Martin Møller, NAC’s founder and Chairman. Martin Møller will continue as Chairman of the Company, and will remain a significant shareholder and will contribute around
Avolon, the international aircraft leasing company, posted results for the second quarter of 2015 with net income up 133% to US$56m versus the second quarter in 2014, while adjusted net income was up 83% to US$62m versus the previous year. Avolon reported that it sold three aircraft in the second quarter, with a net book
DVB Bank, a leading international transportation finance specialist, closed refinancing facilities for up to eight aircraft on behalf of global aircraft lessor AWAS. The facilities included five Airbus single and twin aisle aircraft & three single aisle Boeing aircraft covering terms of 3 to 4 years. DVB Bank acted as sole arranger, agent and underwriter
HNA Group and PAI Partners SAS (“PAI Partners”), a private equity fund, have signed an acquisition agreement in relation to the acquisition of 100% equity interest in Swissport Group, one of the world’s largest ground services and cargo handling services provider in Zurich. The total transaction value was approximately CHF2.7bn (approximately RMB17.5bn). The acquisition is
The Lufthansa Group reports solid business development for the first half of 2015 and improved results in all of its operating segments. The Adjusted EBIT rose by €290m year-on-year to €468m. For the six months ended June 30th, sales increased by 8.5% to €15.4bn, with traffic revenue accounting for €12.1bn of that figure. The Group’s
Airbus Group reported solid half-year results supported by an improved operational performance and confirmed its 2015 guidance. Group order intake in the first six months of 2015 increased sharply to €53.9bn (H1 2014: €27.7bn), with the order book value rising to €927bn as of June 3oth (year-end 2014: €858bn) taking into account a positive revaluation
Bombardier reported its financial results for the second quarter ended June 30th, 2015. Revenues totalled US$4.6bn for the quarter, compared to US$4.9bn for the same period last fiscal year. Excluding foreign exchange impact, revenues are up 2%. Earnings before financing expense, financing income and income taxes (EBIT) totalled US$226m, or 4.9% of revenues, compared to
In the 2nd quarter of 2015, Embraer delivered 27 commercial and 33 executive (26 light and 7 large) jets. Deliveries in the first half of 2015 were 47 commercial jets and 45 executive (36 light and 9 large) jets. During the 2nd quarter the Company announced 102 firm orders for the current and second generation
Garuda Indonesia has booked a US$29.3m net profit in the first half of 2015, increasing 114.5% compared to the same period last year, which was a negative US$201.3m. The performance growth – amidst the economic down turn – has been achieved through various initiatives by the airline called the “Quick Wins” program, as well as
FLY Leasing (FLY) is reporting a net loss of US$58.3m for the second quarter of 2015. This compares to net income of US$21.7m for the same period of 2014. The second quarter 2015 loss reflects a non-cash US$65.4m impairment charge. The second quarter 2014 results include US$18.9m in gains from aircraft sales. Operating lease revenue
