Financial

STS Component Solutions grows its aviation aftermarket portfolio by strategically acquiring UJet Group, an aircraft interior modification and refurbishment company based out of Shannon, Ireland. Through this acquisition, STS Component Solutions will now offer its growing customer base robust aircraft interior refurbishment and parts services under the newly formed brand, STS UJet. STS UJet will […]

American Airlines has reported a full year 2017 pre-tax profit of US$3.1bn or US$3.8bn excluding net special items, and a full year net profit of US$1.9bn, or US$2.4bn excluding net special items. American reported fourth-quarter 2017 pre-tax profit of US$425m, or US$739m excluding net special items, and a fourth-quarter net profit of US$258m, or US$455m

Alaska Air Group has reported net income for the fourth quarter under GAAP of US$367m and for the full-year US$1.0bn These results compare to fourth quarter 2016 net income of US$114m and full-year 2016 net income ofUS$814m. As the acquisition of Virgin America (Virgin America) closed on Dec. 14, 2016, 2017 information reflects the results

UAL reported that fourth quarter 2017 revenue was US$9.4bn, an increase of 4.3% year-over-year. Fourth-quarter 2017 consolidated passenger revenue per available seat mile (PRASM) was up 0.2% compared to the fourth quarter of 2016. Cargo revenue was US$304m in the fourth quarter of 2017, an increase of 21.6% year-over-year primarily due to higher international freight

Natixis Investment Managers, the asset management arm of French bank Group BPCE, has acquired a minority stake in specialist aircraft lease and asset management firm Airborne Capital. The stake was acquired for an undisclosed sum from the existing shareholders, comprising Airborne’s founding management team and FEXCO, Ireland’s largest privately owned financial services company. The deal

Elevate Capital Partners (Elevate) is a private investment and asset management firm located in the San Francisco Bay Area that is focused exclusively on making value-based commercial aircraft and aviation related investments. Elevate specializes in acquiring and structuring leases for mid-life commercial aircraft (typically 10-25 years of age) that enable airlines and investors to realize

Air Partner, the global aviation services group, has released a trading statement ahead of its scheduled update on February 1st, and its financial year ending on January 31, 2018. Air Partner reported that it has had a good second half, driven by continued performance across all product lines within the Broking division, including strong results

Ethiopian Airlines has finalized shareholders agreement with the Government of Zambia for the re-launch of Zambia Airways. The Government of Zambia will be the majority shareholder with 55% and Ethiopian will have a 45% stake in the airline. The airline is meant to initially serve national and regional destinations before embarking on international flights. Tewolde

DAE Capital, Dubai Aerospace Enterprise’s leasing division, has reported the creation of DAE Aircraft Investor Services (DAE-AIS), a separate unit dedicated to servicing the needs of debt and equity investors in aviation assets. DAE-AIS will leverage DAE’s full service, global platform to provide bespoke asset management solutions to investors in aviation assets, provide investors a