DVB Bank, the international transport finance specialist, more than doubled consolidated net income for the first quarter of 2015, from €33.9m to €74.9m. At €140.6m, total income (comprising net interest income after allowance for credit losses, net fee and commission income, results from investments in companies accounted for using the equity method, net other operating
Air Partner, a leading provider of private aviation services to industry, commerce, governments and private individuals worldwide, is pleased to announce the acquisition of Cabot Aviation, a leading global Aircraft Remarketing broker for a total consideration of up to £1.2m. It is expected that the acquisition will be earnings enhancing in the year to 31st
The joint venture between the three airlines Air France-KLM, Delta Airlines and Alitalia has its origins in the open skies agreement between the EU and USA signed on the 22nd March 2007. Six months later Air France and Delta Airlines formed a JV for close cooperation on all transatlantic hub-to-hub routes, including flights both to
airberlin reported that in the first quarter of 2015, EBIT rose to €-159.9m, or €23m over the same quarter last year (Q1, 2014: €-182.8m). This demonstrates that despite a competitive market environment, the strategic and operational realignment at airberlin had already begun producing some positive effects on earnings at the start of the year. Revenue
Boeing and Turkish Airlines celebrated a milestone with the delivery of the airline’s 125th airplane purchased from Boeing – a Next-Generation 737-900ER – and one of 12 airplanes the Turkish flag-carrier will take delivery of this year. Boeing and Turkish Airlines’ relationship stretches back to 1968 when the airline first purchased one McDonnell Douglas DC-9.
Bombardier has teamed up with Pratt & Whitney to develop and implement a data management service for the CSeries aircraft – part of the overall Bombardier Aircraft Health Management System (AHMS) capable of transmitting real-time and recorded data from the aircraft. The AHMS will facilitate remote troubleshooting and deliver efficient and accurate diagnostics for use
Air Canada reported first quarter adjusted net income of CA$122m compared to an adjusted net loss of CA$132m in the first quarter of 2014, an improvement of CA$254m. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to CA$442m compared to EBITDAR of CA$147m in the same quarter in 2014, an increase of
Intrepid Aviation announced the financing of one Airbus A330-300 aircraft. The aircraft was purchased with cash in 2014. Citi provided the long-term financing. Intrepid Aviation is a privately held commercial aircraft lessor, which owns commercial aircraft leased to airline operators worldwide. Intrepid Aviation focuses primarily on twin-engine widebody equipment, such as the Boeing 787, 777
Air Lease Corporation announced long term lease agreements with Hainan Airlines for two new Boeing 787-9 aircraft, both from ALC’s order book with Boeing. ALC has ordered 46 new Boeing 787-9 and 787-10 aircraft in total for deliveries beginning in spring 2016.
Aviation Fabricators (AvFab) has received Supplemental Type Certificate (STC) approval in China for the installation of their Beechjet 2-Place and 3-Place Divan. The approval allows for installation of the divans in all Beechjet and Hawker Beechcraft 400 and 400A series aircraft. Both the 2-Place and 3-Place Divan add utility to any Beechjet/Hawker Beechcraft 400 or
