AeroCentury Corp., an independent aircraft leasing company, reported its operating results for the second quarter ended June 30, 2013. The Company reported net income of $0.9m for the second quarter of 2013, compared to net income of $1.0m for the second quarter of 2012. The Company reported net income of $5.0m for the six months
Air Canada reported adjusted net income of $115m in the second quarter of 2013 compared to an adjusted net loss of $7m in the second quarter of 2012. Second quarter EBITDAR amounted to $385m compared to EBITDAR of $312m in the second quarter of 2012, an increase of $73m. On a GAAP basis, Air Canada’s
Virgin America reported its financial results for the second quarter of 2013 with operating income of $27.9m and net income of $8.8m (compared to a year-ago loss of $31.8m, an improvement of more than $40m), on total revenue of $376m for the three months ending June 30. The airline posted an 8.6 point improvement in
Airbus has delivered its 8,000th aircraft – an A320 for the Indonesian wing of AirAsia. The aircraft took off from Toulouse, France on Saturday 3rd August and arrived on August 6th at its new base in Jakarta.AirAsia Group is the largest low-cost airline in Asia and operates an all-Airbus fleet. The airline is the largest
Willis Lease Finance Corporation (WLFC) reported earnings of $9.7m in the second quarter ended June 30, 2013, compared to $1.6m in the preceding quarter and $2.4m in the second quarter a year ago. For the first six months of 2013, net income attributable to common shareholders was $11.3m compared to $5.0 million in the first
Aircastle released that lease rental and finance lease revenues for the second quarter were $162.0m, up $7.5m or 5% year over year, due primarily to the impact of aircraft acquisitions of $26.1m, partially offset by lower revenues due to aircraft dispositions of $9.5m and from the effect of lease extensions, transitions and terminations of $9.1m.
An Aero Maintenance Group (AMG) subsidiary, AMG Flite Components (Flite) has entered into a radome support and repair partnership with Spirit Airlines in support of their 50+ and growing fleet of A320-family aircraft. The multi-year partnership places spare radomes at Spirit’s key maintenance locations and provides minor repair to full overhaul services for all Spirit
In 2010, TAP Maintenance and Engineering Brazil earned the certificate of an Embraer Authorized Service Center (EASC) in Brazil, becoming the only aircraft maintenance company in Latin America certified for all service levels on all commercial aircrafts manufactured by Embraer, as regulated by ANAC and FAA. Now, TAP M&E Brazil, which already holds numerous certifications
GE Capital Aviation Services Limited (GECAS) announced delivery of two new Boeing 737-800s to Turkish low cost carrier Pegasus Airlines following a purchase-and-leaseback transaction. The two aircraft come from Pegasus’ existing order book with Boeing and were delivered in January and June. They will expand the airline’s current fleet of 45 aircraft.
MAINtag, a leading provider of aerospace flyable RFID tags, readers, software and integration services, has launched FLYcheck, a 3D iPad-based assets management solution for inventory and maintenance of cabin passenger and security equipment. The FLYcheck interface delivers a realistic three-dimensional view of an aircraft’s interior cabin, and provides data, graphics and animation for multiple viewing
