Financial

Private equity provider LDC has completed a significant investment to support the management buyout of Airline Services Ltd. With principal bases in Manchester, Gatwick and London Stansted Airports, Airline Services is a long established, leading provider of aircraft interior and ramp presentation services with expertise in aircraft de-icing, ramp turnaround, cabin maintenance and retrofit services.

El Al Israel Airlines presented the financial reports for the 2011 financial year and for the fourth quarter of 2011. Revenues for the year totaled $2,043.2m compared to $1,972.2m last year, an increase of about 4%. Revenues from cargo operations increased by about 8%, as a result of the increased freight carried and the revenue

Lufthansa Technik Group, one of the world’s leading providers of technical services for aircraft, ended fiscal 2011 with a slight increase in revenue despite a difficult market. Revenue grew by 1.9% to €4.1bn. In spite of continued pressure on costs, the company’s result fell only slightly below the good result of the previous year. The

AAR reported third quarter fiscal year 2012 consolidated sales of $534.2m and net income attributable to AAR of $20.7m. For the third quarter of the prior fiscal year, the Company reported sales of $458.0m and net income attributable to AAR of $17.9m. Selling, general and administrative expenses as a percentage of sales were 9.6% and

Air Berlin PLC was able to increase turnover by 13.7% to €4.23bn in the reporting year 2011 (previous year: €3.72bn) and the number of passengers by 1.2% to 35.3m (previous year: 33.6m). Operational expenditure at the EBITDAR level increased by 20.6% from €3.16bn to €3.81bn. The increase in expenditure would have been distinctly lower without

In 2011, the Lufthansa Group’s revenue totalled €28.7bn – an increase of 8.6% on the previous year. Traffic revenue improved by 10.8% to €23.8bn. Overall, the Group’s operating income went up to €31.2bn in the reporting period, an increase of 6.7%. Operating expenses rose by 9.3% in 2011 to €30.4bn. One of the main reasons

Air Lease Corporation announced that it intends to offer $500m aggregate principal amount of senior notes due 2017 (the “Notes”) in an offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be offered only to qualified institutional buyers and non-U.S. persons outside of the United States