Willis Lease Finance Corporation (WLFC) reported net income attributable to common shareholders was $9.1m for the first nine months of 2013, compared to a loss of $3.0m in the first nine months of 2012. A significant improvement in portfolio utilization in the current quarter was overshadowed by asset write-downs and engine repair expenses. In the
FLY’s net income for the third quarter of 2013 was $304,000 compared to a loss of $29.4m in the same period of 2012. Operating lease revenue decreased from $84.4m for the third quarter of 2012 to $78.4m for the third quarter of 2013, primarily due to a decrease in end of lease income from $5.8m
Altra Holdings has signed a definitive agreement to acquire the shares of Svendborg Brakes A/S and S.B. Patent Holding ApS (together “Svendborg”) for a cash consideration of €80.1m, less the cash remaining on the balance sheet at close, which is payable upon completion of the acquisition. Altra intends to finance the transaction through a combination
Air Transport Services Group, a leading provider of aircraft leasing, and air cargo transportation and related services reported consolidated financial results for the quarter ended September 30, 2013. Revenues decreased 8.4% to $140.9m. Revenues increased 1.4% from the second quarter of 2013. Net earnings from continuing operations decreased 32.5% to $7.8m but were up 12.8%
Astronics Corporation released that consolidated sales for the third quarter of 2013 increased by 30.2% to $89.7m compared with the same period last year. Aerospace sales of $87.5m, which represented 97.6% of the consolidated total, increased by $21.7m, including $15.7m associated with the acquisition of Peco. Test Systems sales decreased $0.9m to $2.1m. Consolidated gross
WestJet announced its third quarter 2013 results, with net earnings of $65.1m. This compares with the net earnings of $70.6m reported in the third quarter of 2012. Based on the trailing twelve months, the airline achieved a return on invested capital of 13.8%, compared with the 14.4% reported in the previous quarter, and one of
Hong Kong Aviation Capital, a leading investor in global aviation finance, announced DVB closed refinancing on two Asiana A320-200 aircraft. DVB Bank has closed a commercial financing facility with Hong Kong Aviation Capital (HKAC) in October 2013 for two 2006-vintage A320-200 aircraft on operating lease with Asiana Airlines. The German bank acted as arranger, agent
MTU Aero Engines AG signed a new syndicated credit facility for 400 million euros, thus securing the group’s funding in the long term. The loan agreement with a syndicate consisting of five banks runs for five years and includes an option to extend the agreement for two years. This funding, which is used for general
Bombardier Aerospace’s revenues amounted to $2.0bn for the three-month period ended September 30, 2013, compared to $2.3bn for the same period last fiscal year. EBIT totalled $86m or 4.3% of revenues for the third quarter ended September 30, 2013, compared to $118m, or 5.2%, last fiscal year. Free cash flow usage amounted to $406m (including
Aircastle reported a third quarter 2013 net loss of $74.6m and an adjusted net loss of $69.1m. The third quarter results included operating and finance lease rental revenues of $165.3m, an increase of 1.4%, versus $163.1m in the third quarter of 2012. The third quarter 2013 results include $106.1m of non-cash impairment charges consisting mostly
