AeroCentury, an independent aircraft leasing company, reported its operating results for the fourth quarter and year ended December 31, 2013. The Company reported a net loss of $1.4m for the fourth quarter of 2013, compared to net income of $1.8m for the fourth quarter of 2012. However, for the year ended December 31, 2013, the
The HAECO Group reported an attributable profit of HK$625m in 2013, 24.0% lower than that in 2012. Earnings per share decreased by 24.0% to HK$3.76. Turnover increased by 26.7% to HK$7,387m. Demand for line maintenance services in Hong Kong remained stable. 2.8% more aircraft movements were handled in 2013 than in 2012. Airframe maintenance and
International Lease Finance Corporation (ILFC) has closed a new senior secured term loan of $1.5 billion. The loan will bear interest at LIBOR plus 275 basis points with a 0.75% LIBOR floor, is priced at 99.5% of par value, and will mature in 2021. The collateral used to support the transaction has an initial weighted
FLY is reporting net income of $13.4m for the fourth quarter of 2013, compared to net income of $31.0m for the same period of 2012. The fourth quarter 2013 results include a transactional impairment charge of $8.8m associated with an aircraft that will be sold in 2014. The Company anticipates that this impairment charge will
Air Transport Services Group, a leading provider of aircraft leasing, and air cargo transportation and related services, reported consolidated financial results for the quarter and year ended December 31, 2013. For the fourth quarter of 2013 revenues increased 2% to $157.0m, compared with the fourth quarter of 2012, attributable mainly to increased airline operations for
Zodiac Aerospace has finalized the acquisition of Pacific Precision Products (PPP). Based in Irvine, California, and employing around 40 people, the company develops and manufactures equipment for Oxygen systems for business Jet aviation and other specialized companies such as cabin completion centers. PPP business is highly complementary to the existing Oxygen activities within the Aircraft
Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, completed on February 28th, 2014, the acquisition of substantially all of the assets and liabilities of EADS North America’s Test and Services division (EADS T&S) for approximately $53m in cash plus a preliminary net working capital adjustment of $17m. EADS
At the end of 2013, Avianca SA Holdings recorded a revenue growth of 8.0% from US$4.2bn in 2012 to US$4.6bn in 2013. Operating costs increased by 5.9%, from $3.9bn in 2012 to U.S.$4.2bn in 2013. Adjusted net income for 2013 amounted to US$234.1m, which is 132.5% above the adjusted net income for 2012, which stood
Willis Lease Finance Corporation (WLFC) reported 2013 net income attributable to common shareholders of $15.6m. Fourth quarter net income attributable to common shareholders was $6.6m, fueled by 12.9% growth in lease rent revenue due to improved utilization and a larger lease portfolio, which contributed to 18.9% overall growth in total revenue. At December 31st, 2013,
Etihad Airways, the national carrier of the United Arab Emirates, posted record financial results for 2013, with net profit up 48% to US$62m on revenues up 27% to US$6.1bn. The record performance also saw earnings before interest and tax (EBIT) up 22% to US$208m and earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) up
