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
Aviator Capital, a newly formed joint venture, has raised up to $225 million in equity financing from an institutional investor to invest in used commercial passenger aircraft. Aviator’s management team has over 100 years of combined experience in the commercial aircraft leasing business. Aviator will leverage its unique expertise in all areas of commercial aviation
EADS released that order intake increased 81% to EUR 83.1 billion driven by Airbus Commercial, revenues increased 7% (EUR 45.8 billion) with record deliveries of 510 commercial aircraft. EBIT before one-off was EUR 1.3 billion, free cash flow EUR 2.7 billion, net income amounted to EUR 553 million (FY 2009: EUR -763 million) and a
Bombardier Aerospace has signed a memorandum of understanding (MOU) with ICBC Financial Leasing Co. (ICBC Leasing). ICBC Leasing is a leading leasing company in China, and Industrial Commercial Bank of China (ICBC), its major shareholder, is one of the world
AerCap Holdings released the results of its operations for the fourth quarter and full year ended December 31, 2010. Fourth quarter 2010 net income was $72.4 million, compared to net income of $43.2 million for the same period in 2009. Fourth quarter 2010 net income excluding the impact of the mark-to-market of interest rate caps
MTU Aero Engines exceeded its earnings forecast for the financial year 2010. Operating profit increased by 7% from EUR 292.3 million in 2009 to EUR 311.3 million, which is higher than the earnings forecast of EUR 310 million that had been revised upward in the course of the year. MTU also improved its return on
Vueling obtained a net profit of EUR 45.99 million in financial year 2010. This amounts to a 66% increase on the results of the previous year (EUR +27.78 million ). The net margin stood at 5.7%, an increase of 1.1 points over that of 2009 (4.6%). During the fourth quarter of the year, Vueling reduced
SkyWest reported operating revenues of $796.3 million for the quarter ended December 31, 2010, compared to $604.4 million for the same period last year. SkyWest also reported net income of $37.2 million for the quarter ended December 31, 2010, compared to $19.5 million of net income for the same period last year. The results for
Quantas released that total revenue for the half-year increased 10% from $6,909 million to $7,591 million. Qantas reported an Underlying Profit Before Tax (Underlying PBT) of $417 million for the half-year ended 31 December 2010, an increase of 56 % on the prior corresponding period of $267 million. Average yields, excluding foreign exchange (FX) movements,
