Willis Lease Finance Corporation reports third-quarter pre-tax profit of US$6.1 million

November 5, 2021

Willis Lease Finance Corporation has reported third-quarter total revenues of US$70.8 million and pre-tax profit of US$6.1 million. For the three months ended September 30, 2021, aggregate lease rent and maintenance reserve revenues were US$56.6 million and spare parts and equipment sales were US$5.1 million. The company reported increased total revenues in the third quarter

Atlas Air Worldwide reports strong third-quarter results

November 3, 2021

Atlas Air Worldwide Holdings has reported strong third-quarter 2021 results, including net income of US$119.5 million, compared with net income of US$74.1 million in the third quarter of 2020. On an adjusted basis, EBITDA grew sharply to US$280.5 million in the third quarter this year compared with US$196.3 million in the third quarter of 2020.

Air Canada reports third-quarter revenues of CA$2.103 billion

November 3, 2021

Air Canada has released its third-quarter 2021 financial results, which reveal operating revenues of CA$2.103 billion, representing almost three times the operating revenues of CA$757 million in the third quarter of 2020. Negative EBITDA (earnings before interest, taxes, depreciation, and amortization), excluding special items, was CA$67 million compared to negative EBITDA (excluding special items) of

DAE posts nine months results

November 3, 2021

Dubai Aerospace Enterprise (DAE) has reported its financial results for the nine months ended September 30, 2021. Firoz Tarapore, Chief Executive Officer of DAE, stated, “Our financial results for the first nine months of 2021 demonstrate our continued focus in the leasing division on investing in new technology, fuel-efficient narrow-body aircraft, sales of portfolio aircraft

Lufthansa Group returns to profit in third-quarter 2021

November 3, 2021

The Lufthansa Group has reported that in the third quarter of 2021, capacity offered, measured in passenger-kilometres, was 50% of the pre-crisis level of 2019, about twice as high as in the second quarter. Overall, the airlines of the Lufthansa Group carried 19.6 million passengers in July, August and September combined. This represents 46% of

Wencor Group acquires ASC Industries

November 3, 2021

Wencor Group (Wencor), a leading solutions provider to the aerospace aftermarket, defence and OEM markets, has announced the acquisition of ASC Industries. “The addition of ASC broadens our capabilities and product offerings, allowing Wencor to deliver differentiated supply chain solutions, value-added inventory services and customised kitting solutions. This acquisition aligns with our market and product expansion strategy

Struggling Thai Airways to take drastic measures – will offload 42 jets and slash workforce by a third

November 2, 2021

Founded in 1961, the flag-carrying airline Thai Airways International Public Company Limited (Thai Airways) has remained virtually unprofitable for the best part of a decade. The ailing carrier is now taking drastic measures to turn round the company’s fortunes by selling off 42 less-fuel-efficient aircraft, 16 aircraft which are on lease will also be returned,

AerCap completes acquisition of GE Capital Aviation Services

November 2, 2021

AerCap Holdings, a global leader in aircraft leasing, has completed its acquisition of the GE Capital Aviation Services business (GECAS) from General Electric (GE). The acquisition positions AerCap as the worldwide industry leader across all areas of aviation leasing: aircraft, engines and helicopters. The combined company will serve approximately 300 customers around the world and

Spain’s Supreme Court has ruled that staff pay cuts and working condition changes imposed by Ryanair during the COVID-19 pandemic were unlawful

Ryanair posts first half loss of €48 million

November 1, 2021

Ryanair has released that first half (H1) scheduled revenues have increased 61% to €1.27 billion as traffic jumped 128% from 17.1 million to 39.1 million (at a 79% load factor). The COVID disruption of Easter traffic, the delayed relaxation of EU travel restrictions into May/June, and the uncertainty caused by the UK’s traffic light system

CAE to acquire Sabre’s AirCentre airline operations portfolio

November 1, 2021

CAE and Sabre Corporation have announced an agreement for CAE to acquire Sabre’s AirCentre airline operations portfolio (AirCentre) – a highly valuable suite of flight and crew management and optimisation solutions. The agreement, which is valued at US$ 392.5 million excluding post-closing adjustments, includes the Sabre AirCentre product portfolio, related technology and intellectual property as well

Financial

Willis Lease Finance Corporation reports third-quarter pre-tax profit of US$6.1 million

Atlas Air Worldwide reports strong third-quarter results

Air Canada reports third-quarter revenues of CA$2.103 billion

DAE posts nine months results

Lufthansa Group returns to profit in third-quarter 2021

Wencor Group acquires ASC Industries

Struggling Thai Airways to take drastic measures – will offload 42 jets and slash workforce by a third

AerCap completes acquisition of GE Capital Aviation Services

Ryanair posts first half loss of €48 million

CAE to acquire Sabre’s AirCentre airline operations portfolio

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