DVB Bank SE’s (DVB) Aviation Investment Management team, in its capacity as investment advisor to the Deucalion Aviation Funds, completed the sale of 20 aircraft valued at approximately US$814m to a special purpose exempted company which, together with another limited liability company subsidiary, co-issued US$667m of Reg. S/Rule 144A DTC eligible notes (the Notes) with
Astronics Corporation, a leading provider of advanced technologies for the global aerospace, defense, consumer electronics and semiconductor industries, released that consolidated sales increased US$60.6m to US$166.1m, compared with the same period in the prior year. The 2014 fourth quarter included US$43.7m in incremental sales for acquired businesses. Organic sales increased US$16.9m, or 16.1%. Aerospace segment
Aircastle reported total revenues for the fourth quarter were US$238.3m, an increase of US$46.3m, or 24% from the previous year, driven by higher maintenance revenues of US$27.6m reflecting the early return of several aircraft on lease with Russia-based airlines and higher lease rentals of US$8.9m. Adjusted EBITDA for the fourth quarter was US$233.2m, up US$37.2m,
Virgin America reported fourth quarter 2014 operating income of US$34.2m and net income of US$28.1m, excluding special items. This represents the highest net income for a fourth quarter in Company history and the ninth consecutive quarter of year-over-year improvement in income, excluding special items. On a GAAP basis, operating and net income for the fourth
Sierra Nevada Corporation (SNC) has completed acquisition of a UK and Germany-based aircraft company, 328 Support Services GmbH (328), owner of the type certificate and intellectual property (IP) rights for design, manufacturing, maintenance and certification of the 200 existing Dornier 328 (D328) prop and jet aircraft. In addition, SNC holds IP rights and supplemental type
Bombardier Aerospace’s revenues amounted to US$3.3bn for the three-month period ended December 31st, 2014, compared to US$2.9bn for the same period last fiscal year, an increase of 15.8%. For the year, revenues totalled US$10.5bn, compared to US$9.4bn last fiscal year, an increase of 11.9%. Negative EBIT totalled US$1.3bn, or (39.2)% of revenues, for the fourth
Copa Holdings reported net income of US$35.9m for 4Q14 as compared to net income of US$113.2m in 4Q13. Excluding special items, which for 4Q14 includes a non-cash loss of US$89.1m associated with the mark-to-market of fuel hedge contracts, and a US$0.4m loss related to devaluation of the Venezuelan Bolivar, Copa Holdings would have reported adjusted
MTU Aero Engines has once again beaten its previous records. In the financial year 2014, revenues grew by 10% to a new all-time high of €3,913.9m (2013: €3,574.1m). MTU’s operating profit rose from €377.4m in 2013 to €382.7m. Earnings after tax amounted to €253.3m (2013: €238.6m). The commercial engine business recorded the highest revenue growth
Norwegian’s 2014 results are characterized by strong revenue and capacity growth as well as major investments for future expansion. Fuel hedging for 2015 for the amount of NOK459m was a considerable cost in 2014. Consequently, major costs for 2015 have already been covered. The company reported a net loss of NOK-1,050m compared to net profit
Air Canada reported full year adjusted net income of CA$531m compared to adjusted net income of CA$340m in 2013, an improvement of CA$191m. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to CA$1.671bn compared to EBITDAR (excluding the impact of benefit plan amendments) of CA$815m, an increase of CA$196m from 2013. The
