Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, software and industrial industries, has made a significant investment in Jet Support Services, Inc. (JSSI), an independent provider of aircraft maintenance support and financial tools for the business aviation industry. Genstar is partnering with existing investors GTCR, the
CAE has posted revenue of CA$993.2 million for the second quarter of fiscal 2023, compared with CA$814.9 million in the second quarter of last year. Second-quarter net income attributable to equity holders was CA$44.5 million compared to CA$14.0 million last year. Adjusted net income in the second quarter of fiscal 2023 was CA$61.5 million compared to CA$53.2
Bahrain’s MENA Aerospace, and Singapore-based Asia Cargo Network (ACN) have announced the signing of a significant strategic alliance between the two aviation companies, positioning MAE among the key players in freight cargo in the Middle East, South Asia and Africa. Under the agreement, ACN will base six of its cargo planes in Bahrain and the
Astronics Corporation (Astronics) has released that preliminary revenue in the quarter was approximately US$131 million, up 18% compared with the prior-year period and up 2% over the trailing second quarter. Preliminary revenue was below earlier expectations due to a combination of supply chain constraints and programme reschedules by customers. Approximately US$112 million of preliminary revenue
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing) has announced on the side-lines of the Airline Economics Growth Frontiers Asia Pacific 2022 conference that the company has entered into a facility agreement for a US$650 million (£565 million) secured portfolio financing. The seven-year facility is secured with a
FAI Aviation Group, one of the leading global providers of mission-critical aviation services anticipates record sales across the business for 2022, with consolidated group revenues of more than €120 million (£104 million). Revenues for charter and MRO have each increased by more than 30% compared with the same time last year. This latest news comes as
Willis Lease Finance Corporation has reported third-quarter total revenues of US$76.9 million and pre-tax earnings of US$8.4 million. For the three months ended September 30, 2022, aggregate lease rent and maintenance reserve revenues were US$60.0 million and spare parts and equipment sales were US$7.0 million. The company reported increased total revenues in the third quarter
Bombardier has announced its financial results for the third quarter of 2022, marked by solid revenues, a significant improvement in adjusted EBITDA, continued positive free cash flow generation and a growing backlog that reflects strong order activity. In summary, the results show solid third quarter revenues of US$1.5 billion include a 20% year-over-year aftermarket increase
Spirit AeroSystems’ (Spirit) revenue in the third quarter of 2022 was US$1.3 billion, up 30% from the same period of 2021. This increase was primarily due to higher production deliveries on the Boeing 737 programme as well as increased aftermarket revenue, partially offset by lower production deliveries on the Boeing 747 programme. Overall deliveries increased
Atlas Air Worldwide Holdings has posted its third-quarter 2022 results with net income of US$60.1 million compared with net income of US$119.5 million in the third quarter of 2021. On an adjusted basis, EBITDA totalled US$194.0 million in the third quarter this year compared with US$280.5 million in the third quarter of 2021. Adjusted net
