AeroCentury, an independent aircraft leasing company, reported its unaudited operating results for the fourth quarter and year ended December 31st, 2014. Effective as of January 1st, 2014, the Company adopted an alternate method of accounting for non-refundable maintenance reserves and certain lessor maintenance costs. In order to provide a meaningful comparison for 2014 results, the
Total revenue increased by US$49m, or 39%, to US$173m for the fourth quarter compared to US$124m for the same period in 2013. Adjusted net income increased by US$21m, or 74%, to US$49m for the quarter compared to US$28m for same period in 2013. Net income for the fourth quarter was a loss of US$13m reflecting
Airbus Group reported strong 2014 results, reflecting an improved operational performance with record commercial aircraft deliveries, revenues and order backlog. Group order intake in 2014 was €166.4bn (FY 2013: €216.4bn, with the order book worth a record €857.5bn at year-end (year-end 2013: €680.6bn). Airbus received 1,456 net commercial aircraft orders (FY 2013: 1,503 net orders),
GA Telesis has closed on a new syndicated $150,000,000 credit facility. Led by HSBC Bank USA, N.A., and with an increased commitment from 4 global and regional banks involved in the company’s previous facility, the new credit facility has a three year maturity with more efficient and flexible terms to support the Company’s growth plans.
IAG reported strong full year results with an operating profit before exceptional items of €1,390m, up 80.5%. Total revenue was up 8.0% with non-fuel costs up 7.0% and fuel costs up 0.6% on capacity growth of 9.3%. Iberia made an operating profit of €50m compared to an operating loss of €166m last year. British Airways’
Air Lease Corporation reported another consecutive quarter of record fleet, revenue and profitability growth: Diluted EPS increased 32% to US$2.38 per share for the year ended December 31st, 2014 compared to US$1.80 for the year ended December 31st, 2013. Revenues increased 22% to S$1bn for the year ended December 31st, 2014 compared to US$859m for the year
Turkish Airlines reported that sales revenue increased by 13% in 2014, reaching a total of US$11bn. While operating profit stood at US$638m and net profit was recorded at US$845m compared to the previous year. In 2014 Turkish Airlines recorded a capacity (ASK) growth of 16,3%, significantly above the industry growth rate of 5,6 for the
Republic Airways reported financial results for the fourth quarter and full year ended Dec. 31st, 2014. Republic’s pre-tax income excluding special items, for the fourth quarter of 2014 was US$32.1m, an 8.4% increase over the fourth quarter or 2013. Republic’s adjusted income from continuing operations for the fourth quarter of 2014 was US$19.8m and its
HEICO reported net income of US$27.6m, in the first quarter of fiscal 2015, up from US$27.5m in the first quarter of fiscal 2014. Net income in the first quarter of fiscal 2014 includes approximately US$2.6m, from a reduction in accrued contingent consideration related to a prior year acquisition. Operating income totaled US$46.4m in the first
AAR has agreed to sell its Telair Cargo Group to TransDigm for a purchase price of US$725m in cash, subject to adjustments. The Telair Cargo Group is comprised of Telair International, Telair U.S., and Nordisk Aviation Products. AAR will report its Telair Cargo Group as discontinued operations beginning in the third quarter of FY 2015
