Aircastle released that lease rental and finance lease revenues for the second quarter were $162.0m, up $7.5m or 5% year over year, due primarily to the impact of aircraft acquisitions of $26.1m, partially offset by lower revenues due to aircraft dispositions of $9.5m and from the effect of lease extensions, transitions and terminations of $9.1m.
TransDigm Group Incorporated (TDG), a leading global designer, producer and supplier of highly engineered aircraft components, reported results for the third quarter ended June 29, 2013. Net sales for the quarter rose 5.8% to $488.6m from $461.7 million in the comparable quarter a year ago. Organic net sales growth of 4.5% was driven by an
Triumph Group reported that net sales for the first quarter of fiscal year ending March 31, 2014 totaled $943.7m, a 6% increase from last year’s first quarter net sales of $887.7m. Organic sales for the quarter decreased 2% primarily due to a decline in non-recurring revenue. Net income for the first quarter of fiscal year
Etihad Airways, the national airline of the United Arab Emirates (UAE) has unveiled plans to acquire 49% of JatAirways. The Abu Dhabi-based carrier has also been awarded a five year management contract for the Serbian national airline. These are two of the key components of a wide-ranging strategic partnership agreement, signed by Etihad Airways and
Bombardier Aerospace’s revenues amounted to $2.3bn for the three-month periods ended June 30, 2013 and 2012. EBIT before special items totalled $107m or 4.7% of revenues for the second quarter ended June 30, 2013, compared to $99m or 4.4%, last fiscal year. Free cash flow usage totalled $459m (including net addition to property, plant and
FLY’s net income for the second quarter of 2013 was $5.9m compared to $25.7m in the same period of 2012. The decline in net income is the result of a decline in operating lease revenue, gains from aircraft sales during the second quarter of 2012 and expenses associated with delivering aircraft to new lessees, partially
GE has completed the acquisition of the aviation business of Avio S.p.A., a leading, Italy-based provider of civil and military aviation components and systems. The purchase price was $4.3bn U.S. (€3.3bn). GE did not purchase Avio’s space unit. Avio’s aviation business has been renamed Avio Aero, a GE Aviation business. Avio Aero will retain headquarters
EADS reported increased revenues and profitability for the first half of 2013, driven mainly by its commercial aircraft business. Order intake increased sharply to €96.6bn with the order book value reaching €634.8bn at the end of June. The reported EBIT amounted to €1.5bn with a half-year Net Cash position of € 5.9bn. In the first
SAS (Scandinavian Airlines System Denmark -Norway- Sweden) has on 30 July 2013 managed to accomplish a private placement of €35m. The private placement is unsecured and has a 5 years term. The funds will be used to support SAS’ longer term liquidity level and be used to pay off upcoming unsecured maturing debt. The private
WestJet announced its 33rd consecutive quarter of profitability, with record second quarter net earnings of $44.7m. This compares with the net earnings of $42.5m reported in the second quarter of 2012. These results include $8.4m of one-time pre-tax transition costs associated with WestJet’s business transformation initiative. Based on the trailing twelve months, the airline achieved
