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
Air Lease Corporation (ALC) reported financial results for the three months ended March 31, 2015. Revenues increased 13% to US$278m for the three months ended March 31st, 2015 as compared to US$246m for the three months in 2014. On April 22nd, 2015, the Company settled the litigation with American International Group, and International Lease Finance
Finnair’s revenue in the first quarter of 2015 was on a par with the corresponding period in 2014 at €540.4m. Revenues increased by higher passenger traffic revenue and negatively affected by lower revenue from Aurinkomatkat Suntours and cargo traffic, as well as the elimination of revenue from businesses sold after the comparison period. Finnair´s profitability
Aircastle reported first quarter 2015 total revenues of US$194.3m, an increase of US$17.7m, or 10% from the previous year, driven by higher maintenance revenues of US$15.0m. During the first quarter of 2014, the company recorded US$16.4m of contra maintenance revenue in connection with engine restoration work completed by a lessee prior to the scheduled return
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
