Avolon, the international aircraft leasing company, has reported that the Kroll Bond Rating Agency (Kroll) has issued an investment grade issuer credit rating on Avolon Holdings Limited of BBB+ with a stable outlook. Kroll has also assigned a senior unsecured debt rating of BBB to Avolon Holdings Limited.
Kroll Bond Rating Agency assigns investment grade issuer rating of BBB+ to Avolon Read More »
Earlier this week shares in AirAsia fell by 1% on the release of disappointing Q2 net returns, with a 60% drop in net profit compared to Q2 2016. Th is result was mainly due to higher operating costs, predominantly 60% higher staff costs and 82% higher aircraft fuel expenses. Despite this result, the Kuala Lumpur-based
AirAsia remains confident despite 60% drop in Q2 net profit Read More »
DVB, the specialist in international transport finance, reported a consolidated net loss before taxes of €506.3m in the first six months of 2017 (previous year: net income of €14.1m). The net figure was dominated by a significant increase in allowance for credit losses, to €445.3m (previous year: €83.4m), reflecting market developments. Moreover, due to the
DVB Bank Group posts half-yearly results for 2017 Read More »
German aviation bank DVB Bank has disclosed the completion of a secured financing facility for Ping An Aircraft Leasing. The facility is for a new Airbus A350-900 delivered by Ping An to Vietnam Airlines under a sale-and-leaseback transaction in August 2017. Ping An Aircraft Leasing is an Irish subsidiary of Shanghai-based lessor Ping An International
DVB Bank completes secured financing facility for Ping An Aircraft Leasing Read More »
BOC Aviation has reported its unaudited results for the six months ended June 30, 2017. Total revenues and other income rose 16% to US$670m. Net profit after tax was US$240m, an increase of 13% over the first half of 2016. Total assets increased 7% to US$14.4bn as at June 30, 2017 from 31 December 2016.
BOC Aviation reports first half 2017 performance Read More »
The Regional Express (Rex) Group has announced a quadrupling of profits for Financial Year 2017 (FY17). Rex announced a statutory profit before tax (PBT) of AU$17.8m on a turnover of AU$281m. This represents a quadrupling of the operational PBT of AU$4.3m recorded for the previous FY. Rex’s statutory profit after tax was AU$12.6m for FY17.
REX full year FY16/17 profits quadrupled Read More »
On Friday August 25, the Qantas Group released preliminary results for the full 2017 Financial year ending June 30, and the underlying profit was the second-highest in the company’s history at AU$1,401bn before tax. This figure was down 8.6% on last year’s record figures, but was higher than anticipated, thanks to the strengthening of its
Qantas Group delivers strong returns for FY 2017 in all areas Read More »
AirAsia and CAE, a global leader in training for the civil aviation, defence and security, and healthcare markets, have concluded a sale and purchase agreement concerning the Asian Aviation Centre of Excellence (AACE), which is currently a 50:50 CAE-AirAsia joint venture. The transaction of US$100m (including earn-out) will give CAE full control over AACE’s three
AirAsia and CAE extend business Read More »
Qantas has reported an Underlying Profit Before Tax of A$1,401m and a Statutory Profit Before Tax of A$1,181m for the 12 months ended 30 June 2017. The underlying result represents the second highest performance in Qantas’ 97 year history, down 8.6 per cent compared with last year’s record. It is slightly above the guidance range
Qantas Group delivers strong returns in full year 2017 Read More »
HEICO Corporation has reported that net income increased 9% to US$45.7m in the third quarter of fiscal 2017, up from US$42.0m in the third quarter of fiscal 2016. In the first nine months of fiscal 2017, net income increased 18% to US$132.3m up from US$111.9m in the first nine months of fiscal 2016. Operating income
HEICO Corporation reports net income of US$45.7m for third quarter of fiscal 2017 Read More »
