DVB Bank SE, the international transport finance specialist, increased consolidated net income before taxes for the first half of 2015 by 4.6% year-on-year, to €43.3m (previous year: €41.4m). Interest income rose by 18.9%, from €434.7m to €516.8m. Allowance for credit losses amounted to €39.7m (previous year: €27.9m), net interest income after allowance for credit losses
Currently VAT (sales tax) is levied at the rate of 20% in the UK. At airports where there is a ‘duty free zone’ the majority but not all retailers pass on a 20% reduction in price to the consumer if they are travelling outside the European Union (EU) according to revelations in a major UK
Air Canada reported second quarter adjusted net income of C$250m compared to adjusted net income of C$139m in the second quarter of 2014, an improvement of C$111m or approximately 80%. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to C$591m compared to EBITDAR of C$45m in the same quarter in 2014, an
The Brazilian Civil Aviation Agency (Agência Nacional de Aviação Civil – ANAC) granted type certification for the Legacy 450 mid-light executive jet during a ceremony at the Latin American Business Aviation Conference and Exhibition (LABACE) in São Paulo, Brazil. The certification campaign comprised two prototype aircraft, the first with flight test instruments and the second
Rolls-Royce has been selected by International Airlines Group to provide Trent XWB engines for eight Airbus A350-900 aircraft. The aircraft will be operated by Iberia and are in addition to eight Trent XWB-powered A350-900s ordered by IAG for Iberia in August last year. Iberia already operates 17 Trent 500 powered A340-600 aircraft and today’s announcement
Airbus sees an important potential market for its new ACJneo Family in Latin America, which is home to large numbers of billionaires, as well as many large companies and governments. The number of billionaires in Latin America is forecast to grow to 580 by 2017, an increase from 450 in 2012. The figures include 240
Despite assurances that further job cuts would be a last-resort measure, Thai Airways International has announced the loss of 1,400 jobs from its original workforce of 25,000, with the possibility that that number could be further reduced to 20,000. This reduction in numbers is described by Thai Airways as “part of a cost-reduction exercise …
HAECO Cabin Solutions will expand its design engineering and interiors product manufacturing capacity in a new, 259,000 ft² facility in High Point, North Carolina. The building is in close proximity to HAECO Americas’ headquarters in Greensboro. Renovations will start in 2015 and the facility is expected to be operational in the first quarter of 2016.
Waypoint Leasing, an independent helicopter lessor, has closed its second transaction with Lider Taxi Aereo S/A, the leading provider of helicopter services to the Brazilian offshore energy industry. The transaction included the purchase and leaseback of a Sikorsky S-92 helicopter, which will operate in support of offshore oil and gas operations in Brazil.
El Al Israel Airlines announced an aircraft acquisition program of wide-body aircraft, conducting exclusive negotiations with Boeing for the purchase and lease of 15 wide-body 787-8 and 787-9 Dreamliner aircraft to commence arriving in mid-2017. During the next five years, these aircraft are going to replace the 747-400 and 767 fleets and are designated to
