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Financial

Milestone Aviation Group finances helicopters for Bristow Helicopters

Milestone Aviation Group, the global leader in helicopter leasing, has closed seven of 12 helicopter leases to Bristow Helicopters, an affiliate of the Bristow Group. The helicopters will be used for civilian search and rescue (SAR) services when Bristow Helicopters takes over delivery of UK SAR services on behalf of the Maritime and Coastguard Agency

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Bombardier and China’s SPDB Financial Leasing sign MOU on financing cooperation

Bombardier has signed a memorandum of understanding (MOU) with China’s SPDB Financial Leasing (“SPDBFL”) which clears the way for SPDBFL to provide advance payment financing, delivery financing and leasing solutions to Bombardier customers acquiring Q-Series, CRJ Series and CSeries commercial aircraft, as well as Learjet, Challenger and Global business aircraft. The breadth of capital available

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Gogo reports 3rd quarter net loss of US$24.9m

Gogo, a leading global aero communications service provider, announced its financial results for the quarter ended September 30th, 2014. Gogo reported record third quarter revenue of US$104.0m, up 22% year-over-year. Adjusted EBITDA for Q3 2014 was US$1.2m, down from US$2.0m in Q3 2013, reflecting continued revenue and profitability growth in the combined CA-NA and BA

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ST Engineering reports lower year-on-year profits for 3Q2014

Singapore Technologies Engineering reported that financial results for its third quarter ended September 30th, 2014 (3Q2014) came in with lower profit before tax and net profit after tax on the back of a comparable revenue of SG$1.55bn against the same period last year. Quarterly PBT was SG$151.7m, down 10% from SG$168m, and quarterly net profit

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Air Canada reports third quarter net income of CA$457m

Air Canada reported third quarter adjusted net income of CA$457m compared to adjusted net income of CA$365m in the third quarter of 2013, an improvement of CA$92m. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to CA$749m compared to EBITDAR of CA$626m in the third quarter of 2013, an improvement of CA$123m.

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Embraer releases third quarter 2014 results

In the third quarter of 2014, Embraer delivered 19 commercial and 15 executive jets. The Company’s firm order backlog ended 3Q14 at US$ 22.1bn, an all-time Company record. As a result of lower total aircraft deliveries, partially offset by higher revenues from the Company’s Defense & Security business, third quarter revenues were US$1,239.7m, for a

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ATSG reports strong third quarter results

Air Transport Services Group, the leading provider of medium wide-body aircraft leasing, air cargo transportation and related services, reported consolidated financial results for the quarter ended September 30, 2014. Pre-tax earnings from continuing operations increased 25% to US$15.6m driven by a US$7.0m improvement in airline profitability compared with a year ago. Net earnings from continuing

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Astronics Corporation sales double to record US$179.4m

Astronics Corporation reported that consolidated sales for the third quarter of 2014 increased 100.1% to US$179.4m compared with US$89.7m for the same period last year. Aerospace segment sales increased US$34.7m to US$122.2m and Test Systems segment sales increased US$55.1m to US$57.2m. The 2014 third quarter included US$74.1m in sales for two businesses acquired after September

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Willis Lease Finance reports net profit of US$7.5m

Willis Lease Finance Corporation, the independent jet engine lessor in the commercial finance sector, reported third quarter 2014 net income of US$1.0m, compared to net income of US$2.2m, in the second quarter of 2014 and a net loss of US$2.2m in the third quarter of 2013. The loss in the year ago period included US$4.3m

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