EADS’ revenues increased 7% to €49.1bn (FY 2010: €45.8bn). This growth is driven by volume and mix effects at Airbus and the increase of commercial activity at Eurocopter. EBIT before one-off (adjusted EBIT) stood at around €1.8bn (FY 2010: €1.3bn) for EADS and at around €0.5bn for Airbus (FY 2010: around €0.3bn). Net Income increased […]
EADS reports better than expected full year 2011 results Read More »
The Lufthansa Group closed the financial year 2011 with revenue of €28.7bn (previous year: €26.5bn) and achieved an operating profit of €820m (previous year: €1.0bn). The net result attributable to shareholders came to €-13m (previous year: €1.1bn). It includes a result of discontinued operations of €-285m, which reflects current losses at British Midland and valuation
Lufthansa posts net loss of €13m for 2011 Read More »
AeroCentury, an independent aircraft leasing company, reported its operating results for the fourth quarter and the year ended December 31, 2011. For the fourth quarter ended December 31, 2011, the Company reported total revenues of $6.7m compared with total revenues of $5.9m for the same period a year ago. For the year ended December 31,
AeroCentury reports fourth quarter 2011 and full year results Read More »
Pemco World Air Services, a leader in MRO and Conversion Services, has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the district of Delaware. The Company expects to quickly restructure and emerge as a stronger and more viable business. The process will allow Pemco to improve
Pemco World Air Services enters chapter 11 Read More »
Bombardier Aerospace’s revenues totalled $8.6 bn, compared to $8.8 bn last fiscal year, while EBIT totalled $502 million, or 5.8% of revenues, compared to $554 million, or 6.3%, last fiscal year. Bombardier Aerospace’s backlog increased to $22 bn as at December 31, 2011, compared to $19.2 bn as at January 31, 2011. The group recorded 249 net orders for
Bombardier Aerospace posts full year 2011 EBIT of $502m Read More »
Republic Airways Holdings reported revenues of $2.86bn, compared to $2.65bn for 2010. On a GAAP basis, the Company reported a net loss for 2011 of $151.8m compared to a net loss of $13.8m for the full year 2010. For the quarter ended Dec. 31, 2011 the company reported operating revenues of $697.8m, an increase of
Republic Airways Holdings release calendar year 2011 financial results Read More »
Aircastle Limited reported fourth quarter 2011 net income of $35.6m, up 96% and adjusted net income of $31.2m, up 139%. Net income for the year ended December 31, 2011 increased to $124.3m, up 99% and adjusted net income was $100.1m, up 55%. The fourth quarter results included a pre-tax gain of $10.1m from the sale
Aircastle announces fourth quarter and full year 2011 results Read More »
Vueling achieved a net profit of €10.4m in 2011, despite a 40% increase in the price of fuel. Total revenues reached €863.5m, an increase of 8.4% compared to the revenues recorded in 2010. The increase in revenues is due to a combination of improved unit revenues and increased capacity. The net cash position amounted to
Vueling achieves net profit of €10.4m in 2011 Read More »
Virgin Australia reported a statutory net profit after tax of $51.8m an improvement of 118% on the prior corresponding period. Underlying net profit before tax amounted to $96.1m, which is a 34.4% improvement. Virgin Australia reported a total revenue increase of 18% to $2.0bn, liquidity improved significantly with $506m of unrestricted cash, and $851m total
Virgin Australia releases financial result for half year ended 31 December 2011 Read More »
International Lease Finance Corporation (ILFC) has closed a new senior secured term loan of $900m. The loan will bear interest at LIBOR plus 400 basis points with a 1% LIBOR floor, and is priced at 99% of par value. The collateral used to support the transaction has an initial weighted average age of 13.4 years.
ILFC closes $900m senior secured term loan Read More »
