BOC Aviation has converted its US$5bn Euro Medium Term Note Program to a US$5bn Global Medium Term Note Program (“GMTN Program”), pursuant to which BOC Aviation may issue Notes in the United States to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-US persons in
Air Seychelles, the national carrier of the Republic of Seychelles, reported a third consecutive year of profitability after recording a net profit of US$3.2m for 2014. The result exceeds last year’s profit of US$3m and reflects continued improvement in the airline’s key performance indicators, following Etihad Airways’ acquisition of a 40% share in 2012 and
Deutsche Lufthansa AG achieved its operating-result objective for 2014. The €954m operating profit reported for the year was a €255m or 37% improvement on the prior-year result. Following a revision of its original projections owing to negative yield trends and the extraordinary impact of strike action, the company had projected an operating profit for the
Chorus Aviation has entered into an agreement to acquire all of the issued and outstanding shares of 519222 Ontario Limited, a holding company that owns Voyageur Airways and its related companies (‘Voyageur’), a leading provider of specialized aviation services with international operations. Voyageur, a Transport Canada approved air operator, is an integrated provider of specialized
Willis Lease Finance Corporation (WLFC) reported 2014 net income of US$7.2m, compared to net income of US$15.6m in 2013. After-tax income for 2013 included a one-time US$8.6m tax benefit. On record annual sales of US$174.3m, pre-tax earnings from operations increased 35.2% to US$10.5m in 2014 from US$7.8m a year ago and income before income taxes
FLY is reporting net income of US$15.5m for the fourth quarter of 2014, compares to net income of US$13.4m for the same period of 2013. The fourth quarter 2014 results include US$21.7m of end of lease income compared to the fourth quarter of 2013 in which there was none. However, the fourth quarter 2013 results
BOC Aviation reported that net profit after tax was US$308.6m, an increase of 11% over the prior year, increasing total equity to US$2.1bn. Total revenue was US$988.4m, reflecting 8% year-on-year growth and total assets grew 12% to US$11.4bn at year-end. BOC Aviation reported US$367.4m in total cash and fixed deposits, and more than US$2.4bn in
Air Transport Services Group reported consolidated financial results for the quarter and full year ended December 31st, 2014. Adjusted pre-tax earnings from continuing operations increased 19% to US$17.7m. The adjustments remove the effects of pension settlement charges, derivative transactions, and year-earlier impairment charges. These and other adjusted amounts referenced below are non-GAAP financial measures, defined
In the fourth quarter of 2014, Embraer delivered 30 commercial and 52 executive (38 light and 14 large) jets and ended the year with total deliveries of 92 commercial and 116 executive (92 light and 24 large) aircraft, thus meeting the Company’s total deliveries Guidance for 2014. Revenues in 4Q14 reached US$2,045.5m and in 2014
German-based general aviation operator and air ambulance specialist FAI rent-a-jet AG is pleased to announce that it has closed the books for 2014 with record revenue numbers of €73,5m, and a profit before taxes (EBT) of €8,1m. Revenues have been raised by 10 % (2013: €66,1m) and EBT has increased by 30 % (2013: €6,1m).
