BOC Aviation achieved $163m in net profit after tax for the six months ended 30th June 2014, with a record number of deliveries in the first half to boost the fleet size above 250 for the first time. Total assets rose to $10.8bn. The Company held $496m in total cash and had over $2.3bn in
Morten Beyer & Agnew (“mba”) was retained by White Oak Global Advisors to provide fleet and financial due diligence support in preparation of their investment for Surf Air’s purchase of 15 new Pilatus PC-12 NG aircraft. White Oak Global Advisors provided Surf Air with a senior secured facility in the amount of $65.0m. Surf Air
Honeywell International announced plans to voluntarily withdraw the listing of its common stock from the Chicago Stock Exchange. Honeywell’s common stock will continue to be listed on the New York Stock Exchange. Honeywell has decided to withdraw its listing from the Chicago Stock Exchange to streamline operations and eliminate duplicative administrative requirements and costs inherent
During the first half of 2014, the performance of DVB Bank SE in providing financing solutions and advisory services to its clients in the international transport sector was lower than in the same period of the previous year. Consolidated net income before taxes was down 37.7%, to €41.4m (H1 2013: €66.4m). At EUR105.0 million, net
Mesa Air Group has closed on a $30m working capital draw loan through Tennenbaum Capital Partners. The funds are available for up to two years and have a five year term. The funds will be used to support current aircraft purchases and growth-related expenses as well as anticipated future growth opportunities. In the past sixteen
AeroCentury, an independent aircraft leasing company, reported its operating results for the second quarter ended June 30, 2014. The Company reported a net loss of $3.9m for the second quarter of 2014, compared to net income of $1.3m for the second quarter of 2013. The Company reported a net loss of $3.6m for the first
AerCap Holdings N.V. announced that its adjusted net income was $212.4m for the second quarter of 2014. Adjusted earnings per share were $1.29 for the second quarter of 2014, an increase of 118% over the second quarter of 2013. On May 14, 2014, AerCap completed the acquisition of International Lease Finance Corporation (“ILFC”) from American
The HAECO Group reported an attributable profit of HK$283m for the first six months of 2014. This compares with a profit of HK$359m for the equivalent period in 2013. Earnings per share decreased by 21.2% to HK$1.70. Turnover increased by 65.6% to HK$5,337m, with the acquisition of TIMCO accounting for 61.8% of the increase. The
Etihad Airways and Alitalia have signed the transaction implementation agreement which will result in a €1,758 million investment to build a reinvigorated Alitalia as a competitive, sustainably profitable business. The recapitalised Italian national airline will now be able to invest in a comprehensive strategic business plan which will see new long-haul routes from Rome and
Air Lease Corporation reported another consecutive quarter of fleet, revenue and profitability growth: revenues increased 23% to $256m for the three months ended June 30th, 2014 compared to $208m for the three months ended June 30th, 2013. Income before taxes increased 44% to $96m with a pretax margin of 37% for the three months ended
