The group has recorded the highest profit in its history and the outlook remains strong. Liquidity is at a record high and there is no long-term interest bearing debt on its balance sheet. Whilst Small Planet‘s revenue grew modestly from the year before (9.2%), its profit before tax reached €8.2m compared with €1.7m for the
Aircraft asset manager Amentum Capital (‘Amentum’), Tokyo Stock Exchange listed Financial Products Group Co. (‘FPG’ – 7148:JP) and JOLCO structuring specialist FPG Asset & Investment Management BV (‘FPG AIM’) are further expanding their successful cooperation to provide quality aircraft investment solutions to investors. As part of this next phase of their strategic partnership, FPG has
TransDigm Group Incorporated completed the acquisition of the assets of the aerospace business of Pexco (“Pexco Aerospace”), a portfolio company of Odyssey Investment Partners, for approximately US$496m in cash. The acquisition was previously announced on April 30th, 2015. Pexco Aerospace is a global leader in the manufacturing of extruded plastic interior parts for use in
Aircastle reported that it extended the maturity of its existing unsecured revolving credit facility. The facility, which will be used for working capital, including the acquisition of aircraft, is for US$600m and will now expire on May 13, 2019. Mike Inglese, Aircastle’s CFO, stated, “We appreciate the strong continued support of our bank group and
DVB Bank, the international transport finance specialist, more than doubled consolidated net income for the first quarter of 2015, from €33.9m to €74.9m. At €140.6m, total income (comprising net interest income after allowance for credit losses, net fee and commission income, results from investments in companies accounted for using the equity method, net other operating
Air Partner, a leading provider of private aviation services to industry, commerce, governments and private individuals worldwide, is pleased to announce the acquisition of Cabot Aviation, a leading global Aircraft Remarketing broker for a total consideration of up to £1.2m. It is expected that the acquisition will be earnings enhancing in the year to 31st
airberlin reported that in the first quarter of 2015, EBIT rose to €-159.9m, or €23m over the same quarter last year (Q1, 2014: €-182.8m). This demonstrates that despite a competitive market environment, the strategic and operational realignment at airberlin had already begun producing some positive effects on earnings at the start of the year. Revenue
Air Canada reported first quarter adjusted net income of CA$122m compared to an adjusted net loss of CA$132m in the first quarter of 2014, an improvement of CA$254m. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to CA$442m compared to EBITDAR of CA$147m in the same quarter in 2014, an increase of
FLY is reporting net income for the first quarter of 2015 of US$17.3m, this compares to net income of US$3.6m for the same period in 2014. The first quarter 2015 results include US$21.9m of end of lease revenue and a charge of approximately US$4.0m associated with termination of the Aircraft Acquisition Facility. End of lease
Bombardier reported its financial results for the first quarter ended March 31st, 2015. Revenues totalled US$4.4bn for the quarter, compared to US$4.4b for the same period last fiscal year. For the first quarter ended March 31, 2015, earnings before financing expense, financing income and income taxes (EBIT) totalled US$228m, or 5.2% of revenues, compared to US$207m or
