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 […]
Alaska Air Group reports 2017 full year net income of US$1.0bn Read More »
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
United Airlines reports fourth-quarter and full-year 2017 performance Read More »
Despite the best efforts of British Airways’ owner, IAG, the purchase of Niki, the low-cost subsidiary of now defunct Air Berlin, has been secured by the airline’s founder, former F1 World Champion, Niki Lauda. Several weeks ago, IAG had been announced as the successful bidder for the bankrupt Austrian airline, though at the time, insolvency
IAG thwarted as Niki returns to founder Lauda’s ownership Read More »
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
Natixis Investment Managers acquires minority stake in air finance business Read More »
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
Industry veterans Eric Adema and Jared Dowell to launch Elevate Capital Partners Read More »
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
Air Partner reports good second half performance Read More »
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
Ethiopian partners with Zambian Government for re-launch of Zambia Airways Read More »
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
DAE Capital launches third-party aviation asset management unit Read More »
Rockwell Collins’ shareowners overwhelmingly approved the proposed acquisition of Rockwell Collins by United Technologies Corp. More than 96% of all votes cast, representing more than 72% of all shares of common stock outstanding on the record date for the special meeting, were in favor of the transaction. Upon satisfaction of required regulatory and other customary
Rockwell Collins’ share-owners vote in favor of acquisition by UTC Read More »
Delta Air Lines has reported financial results for the December quarter 2017. Adjusted pre-tax income for the December 2017 quarter was US$1.0bn, despite a US$60m impact from the combination of December’s power outage at Atlanta’s Hartsfield-Jackson Airport and Winter Storm Benji. For the full year, adjusted pre-tax income was US$5.5bn, a US$621m decrease relative to
Delta Air Lines announces December quarter and full year 2017 profit Read More »
