AerCap Holdings reported that its adjusted net income was $79.9m for the first quarter of 2014. Adjusted earnings per share were $0.70 for the first quarter of 2014, an increase of 17% over the first quarter of 2013. The debt to equity ratio was 2.5 to 1 at March 31, 2014, compared with 2.6 to
DS Aviation, the aircraft leasing unit of German financial services company Dr. Peters Group, and UK-based aircraft lessor, marketing and management organisation Skytech-AIC have formed a new joint venture company, DS Skytech Limited, to provide technical management for the combined owned and managed aircraft portfolios of both organisations. The new company is designed to enhance
Sunshine Avionics, a HEICO Aerospace Corporation subsidiary, announcede their recent ANAC repair station certification. ANAC (Agencia Nacional de Aviacao Civil), is the agency responsible for the regulation and the safety oversight of civil aviation in Brazil. This achievement will allow Sunshine Avionics to offer their advanced avionics repair services to the numerous airline and MRO
MTU Aero Engines, the German engine experts will be displaying an original Geared Turbofan (GTF) engine for the very first time, at the 2014 ILA Berlin Air Show. The PurePower PW1500G, the propulsion system for Bombardier’s CSeries aircraft, is made available to MTU on a loan basis by its U.S. partner Pratt & Whtney. The
Monarch Aircraft Engineering (MAEL) has been selected by Boeing to provide GoldCare airframe maintenance support to a Middle Eastern customer’s Boeing 787-800 Dreamliner operation at Abu Dhabi. This is the fourth Boeing 787 Dreamliner contract for MAEL, whose highly experienced engineering team will shortly introduce support services for the new customer, having successfully added the
WestJet released its first quarter results for 2014, with net earnings of $89.3m, compared with the net earnings of $91.1m in the first quarter of 2013. Based on the trailing twelve months, the airline achieved a return on invested capital of 13.7%, compared with the 13.9% reported in the previous quarter. These results include pre-tax
Xiamen Airlines has selected Boeing’s Airplane Health Management (AHM) system to enhance efficiency in its maintenance and engineering operations. The agreement includes implementation of AHM for the current Xiamen Airlines fleet of 94 Next-Generation 737s and six 787 Dreamliners on order. Xiamen Airlines will use AHM to collect and evaluate airplane operations data while the
SIAEC Group posted a profit of $265.7m for the financial year ended March 31st, 2014. Revenue grew by $31.5m or 2.7%, mainly due to an increase in line maintenance and airframe and component overhaul work, while expenditure increased $44.0m or 4.3%. As aresult, operating profit was $12.5m or 9.8% lower at $115.6m. The increase in
Willis Lease Finance Corporation (WLFC), the premier independent jet engine lessor in the commercial finance sector, reported first quarter 2014 net income was $4.3m, compared to $1.6m, in the first quarter of 2013, and $6.6m in the fourth quarter of 2013. At March 31, 2014, Willis Lease had 200 commercial aircraft engines, 5 aircraft parts
Royal Brunei Airlines, the flag carrier of Brunei Darussalam, has signed a letter of intent with Pratt & Whitney for PurePower PW1100G-JM engines to power seven firm A320neo aircraft (together with three options). Deliveries are scheduled to commence in 2018.
