Aveos, an independent, full service maintenance, repair and overhaul (MRO) provider to the aviation industry, has ceased its Canadian operations immediately and has terminated the employment of approximately 1,300 employees across Canada. As previously announced, Aveos was granted protection under the Companies’ Creditors Arrangement Act (CCAA) by the Quebec Superior Court on March 19, 2012. […]
Aveos to begin asset liquidation under CCAA Read More »
AAR reported third quarter fiscal year 2012 consolidated sales of $534.2m and net income attributable to AAR of $20.7m. For the third quarter of the prior fiscal year, the Company reported sales of $458.0m and net income attributable to AAR of $17.9m. Selling, general and administrative expenses as a percentage of sales were 9.6% and
AAR reports third quarter fiscal 2012 net income of $20.7m Read More »
Air Berlin PLC was able to increase turnover by 13.7% to €4.23bn in the reporting year 2011 (previous year: €3.72bn) and the number of passengers by 1.2% to 35.3m (previous year: 33.6m). Operational expenditure at the EBITDAR level increased by 20.6% from €3.16bn to €3.81bn. The increase in expenditure would have been distinctly lower without
Air Berlin reports 2011 net loss of €272m Read More »
In 2011, the Lufthansa Group’s revenue totalled €28.7bn – an increase of 8.6% on the previous year. Traffic revenue improved by 10.8% to €23.8bn. Overall, the Group’s operating income went up to €31.2bn in the reporting period, an increase of 6.7%. Operating expenses rose by 9.3% in 2011 to €30.4bn. One of the main reasons
Lufthansa Group posts results for full year 2011 Read More »
Goodrich Corporation reported that, at the special meeting of shareholders held March13th, Goodrich shareholders voted to approve the proposed merger with United Technologies Corp. The final tabulation indicates that more than 98% of votes were cast in favor of the transaction, which represents approximately 75% of the total outstanding shares of Goodrich common stock as
Goodrich shareholders approve merger with United Technologies Read More »
Air Lease Corporation announced that it intends to offer $500m aggregate principal amount of senior notes due 2017 (the “Notes”) in an offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be offered only to qualified institutional buyers and non-U.S. persons outside of the United States
Air Lease Corporation announces proposed offering of $500m of Senior Notes due 2017 Read More »
Willis Lease Finance Corporation reported that 2011 net income grew 20% to $14.5m and net income available to common shareholders increased 28% to $11.4m up from $8.9m a year ago.Willis Lease earned $3.6m in the fourth quarter ended December 31, 2011, compared to $4.0m in the fourth quarter a year ago. After payment of preferred
Willis Lease Finance reports 2011 net income up 20% Read More »
Air Lease Corporation reported rental revenues of $113.6m for the fourth quarter of 2011, which included overhaul revenue of $3.4m. The Company reported $36.7m in rental revenue for the fourth quarter of 2010, which included overhaul revenue of $1.8m. The increase in rental revenue was attributable to the acquisition and lease of additional aircraft. For
Air Lease Corporation posts full year 2011 net income of $53.2m Read More »
Air France-KLM reported total revenues of €24.36bn (+4.5%) for the full year 2011. Operating costs rose 6.2% to €24.72bn, the rise was limited to 3.0% ex-fuel. Unit cost per EASK rose 1.2% for production measured in EASK up 5.1%, but declined by 2.2% on a constant fuel and currency basis thanks to the €546m in
Air France-KLM report full year 2011 net loss of €809m Read More »
DVB concluded 184 new transactions with an aggregate volume of €5.6bn and a risk-adequate average interest margin of 313 basis points (2010: 140 new transactions, €4.4bn, 327 basis points). Thanks to the higher new business originated and due to the sale of container boxes by a shipping investment fund managed by DVB, net interest income
DVB posts consolidated net income before taxes of €147.7m Read More »
