AeroCentury, an independent aircraft leasing company, reported its operating results for the fourth quarter and the year ended December 31, 2011. For the fourth quarter ended December 31, 2011, the Company reported total revenues of $6.7m compared with total revenues of $5.9m for the same period a year ago. For the year ended December 31,
Pemco World Air Services, a leader in MRO and Conversion Services, has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the district of Delaware. The Company expects to quickly restructure and emerge as a stronger and more viable business. The process will allow Pemco to improve
Bombardier Aerospace’s revenues totalled $8.6 bn, compared to $8.8 bn last fiscal year, while EBIT totalled $502 million, or 5.8% of revenues, compared to $554 million, or 6.3%, last fiscal year. Bombardier Aerospace’s backlog increased to $22 bn as at December 31, 2011, compared to $19.2 bn as at January 31, 2011. The group recorded 249 net orders for
Republic Airways Holdings reported revenues of $2.86bn, compared to $2.65bn for 2010. On a GAAP basis, the Company reported a net loss for 2011 of $151.8m compared to a net loss of $13.8m for the full year 2010. For the quarter ended Dec. 31, 2011 the company reported operating revenues of $697.8m, an increase of
Aircastle Limited reported fourth quarter 2011 net income of $35.6m, up 96% and adjusted net income of $31.2m, up 139%. Net income for the year ended December 31, 2011 increased to $124.3m, up 99% and adjusted net income was $100.1m, up 55%. The fourth quarter results included a pre-tax gain of $10.1m from the sale
Vueling achieved a net profit of €10.4m in 2011, despite a 40% increase in the price of fuel. Total revenues reached €863.5m, an increase of 8.4% compared to the revenues recorded in 2010. The increase in revenues is due to a combination of improved unit revenues and increased capacity. The net cash position amounted to
Virgin Australia reported a statutory net profit after tax of $51.8m an improvement of 118% on the prior corresponding period. Underlying net profit before tax amounted to $96.1m, which is a 34.4% improvement. Virgin Australia reported a total revenue increase of 18% to $2.0bn, liquidity improved significantly with $506m of unrestricted cash, and $851m total
International Lease Finance Corporation (ILFC) has closed a new senior secured term loan of $900m. The loan will bear interest at LIBOR plus 400 basis points with a 1% LIBOR floor, and is priced at 99% of par value. The collateral used to support the transaction has an initial weighted average age of 13.4 years.
MTU Aero Engines fully achieved its forecast for the financial year 2011, as the company announced during the presentation of its provisional financial statements at the annual results press conference on Thursday, February 23, 2012. Revenues were at the upper end of the expected bandwidth of + 7 to 8%, increasing by 8% to reach
The prospectus for the “Doric Aviation Bonds I” was approved for publication by the Commission de Surveillance du Secteur Financier of Luxembourg on 17th February 2012, marking the start of the syndication phase of the bonds. The securities will be issued by Doric Capital SA, a Luxembourg based company, and are expected to be listed
