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Financial

AAR reports third quarter fiscal year 2011 results

AAR reported third quarter fiscal year 2011 consolidated sales of $451.0 million and income from continuing operations of $18.3 million. For the third quarter of the prior fiscal year, the Company reported sales of $300.8 million and income from continuing operations of $10.5 million. Prior year third quarter results included a $0.10 per diluted share

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Lufthansa generates net profit of EUR 1.1 billion in 2010

The Lufthansa Group closed the 2010 financial year with revenue of EUR 27.3 billion (previous year: EUR 22.3 billion) according to preliminary figures. Despite adverse one-off factors the operating profit came to EUR 876 million (previous year: EUR 130 million). Net profit attributable to shareholders of Deutsche Lufthansa AG amounted to EUR 1.1 billion (previous

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TAP S.A. achieves best ever result

In 2010 TAP S.A. achieved profits of EUR 62.3 million, a rise of 8.7% in relation to the previous year, enabling the company to return to a positive liquidity position which had ceased to exist in 2008. The company ended the 2010 financial year with a positive liquidity position of EUR 52 million. Cargo volume

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Willis Lease Finance reports 4th quarter net income of $4.0 million

Willis Lease Finance Corporation reported improving utilization and strengthening demand for leased engines boosted fourth quarter profits. Net income increased to $4.0 million in the fourth quarter of 2010, compared to $3.1 million in the third quarter and $1.0 million in the fourth quarter a year ago. The lease portfolio increased 2% year-over-year to $998.0

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Aircastle announces fourth quarter and full year 2010 results

Aircastle reported fourth quarter 2010 net income of $20.2 million and adjusted net income of $14.2 million. Net income for the year ended December 31, 2010 was $65.8 million and adjusted net income was $67.9 million. The fourth quarter results include a gain of $8.4 million from the disposal of aircraft, as well as $2.5

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DVB posts record Group results for 2010

Based on preliminary, still unaudited figures, DVB Bank SE posted record consolidated net income before taxes of EUR 131.1 million, a 51.4% increase over the previous year’s figure of EUR 86.6 million. Consolidated net fee and commission income, which primarily includes fees and commissions from lending business, and – to an increasing extent – asset

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