Avolon, the international aircraft leasing company, announced results for the first quarter of 2015. Net Income for the quarter was up 36% to US$49m versus the first quarter 2014, while adjusted net income was up 34% to US$62m versus 2014. Avolon sold aircraft in the first quarter with a net book value of US$145m at
WestJet postted its first quarter results for 2015, with record net earnings of CAD140.7m. This compares with net earnings of CAD89.3m reported in the first quarter of 2014, up 57.6%. WestJet achieved an on-time performance rate of 78.0 in the first quarter, a year-over-year improvement of 10.1 points. Based on the trailing twelve months, the
TransDigm Group Incorporated (TDG), a leading global designer, producer and supplier of highly engineered aircraft components, reported results for the second quarter ended March 28th, 2015 and announces potential financing transactions. Net sales for the quarter rose 4.8% to US$619.0mn from US$590.8m in the comparable quarter a year ago. Net income for the quarter rose
Seabury Enterprise Solutions, a leading global advisory and investment management firm, has acquired Aero Transport Engineering Consulting S.A. (“Volartec”). Volartec is a professional services and IT company that provides integrated and flexible Maintenance, Repair and Overhaul software solutions for the Aerospace industry. SES will add Volartec’s Alkym suite of products, which integrates control and management
IAG’s operating profit for the period was €25m an improvement of €175m from the prior year loss. British Airways made a profit of €117m (2014: €5m loss); Iberia made a loss of €55m (2014: €111 million loss) and Vueling’s loss was €29m (2014: €30m loss). Passenger revenue increased 12.3% compared to the same period last
Airbus Group reported robust first quarter 2015 results with improved cash flow and confirmed its full year guidance. Group order intake in the quarter was €21bn (Q1 2014: €21bn), with the order book value rising to €955bn as of March 31st, 2015 (year-end 2014: €858bn) taking into account a positive revaluation linked to the strengthening
Virgin America (VA) reported its financial results for the first quarter of 2015. First quarter 2015 net income was US$10.5m excluding special items, an increase of US$32.9m from the first quarter of 2014. Operating income and operating margin excluding special items were US$13.1m and 4.0%, respectively. On a GAAP basis, net income was US$12.8m. This
In the first quarter of 2015, Embraer delivered 20 commercial and 12 executive (10 light and 2 large) jets; The Company’s firm order backlog ended the quarter at US$20.4bn, compared to US$19.2bn at the end of the first quarter in 2014 and US$20.9bn in backlog at the end of 2014. As a result of aircraft
For the first quarter 2015, Spirit’s total operating revenue was US$493.4m, an increase of 12.6% compared to the first quarter 2014, driven by an increase in flight volume. Adjusted net income for the first quarter 2015 increased 87.1% to US$70.7m compared to the first quarter 20141. GAAP net income for the first quarter 2015 increased
Spirit AeroSystems reported first quarter financial results driven by positive operating performance of mature programs. Spirit’s first quarter 2015 revenues were US$1.7bn up 1% compared to the same period of 2014. Operating income was US$235m, up from US$194m for the same period in 2014. Net income for the quarter was US$182m, compared to net income
