Financial

LATAM Airlines Group reported an operating income of US$152.3m and a net income of US$65.6m. Operating margin reached 6.1% for the quarter, a decline of 3.3 pp compared to the same period last year. Although revenues improved on a year-over-year basis they were offset by a 44.4% increase in fuel prices. During the first quarter […]

The SIA Group reported an operating profit of SD$623m in the 2016-17 financial year, SD$58m or 8.5% lower compared to the same period last year. Fullyear net profit fell by 55.2%, attributable in part to the net loss recorded in the fourth quarter. Group revenue fell SD$370m year-on-year to SD$14,869m (-2.4%). Passenger flown revenue declined

Kapco Global reported its recent acquisition of German battery distribution company D+C-Airparts Battery in Europe GmbH. With more than thirty-years as a trusted supplier, service center, and battery training facility, D+C-Airparts is one of the most respected names in European aviation battery distribution and maintenance. This acquisition will help Kapco Global further expand its service

Copa Holdings, S.A. released its financial results for the first quarter of 2017 (1Q17). Copa Holdings reported net income of US$102.3m for 1Q17 compared to net income of US$115.5m in 1Q16. Excluding special items, the Company would have reported an adjusted net income of US$103.2m, compared to an adjusted net income of US$69.9m in 1Q16.

Bombardier reported its first quarter 2017 results. Bombardier reported revenues of US$3.6bn and EBIT before special items was US$128m. EBIT margins before special items grew to a robust 8.0% at Transportation, 7.6% at Business Aircraft and 7.5% at Aerostructures, while Commercial Aircraft recorded an EBIT loss in line with the prior year. Free cash flow

DVB Bank Group (DVB), the specialist in international transport finance, reported a consolidated net loss before taxes of €83.8m in the first quarter of 2017 (previous year: net income of €25.9m). This was heavily influenced by a negative net result from financial instruments in accordance with IAS 39 (€-61.3m). Furthermore, reflecting market developments, additional allowance

Aergo Capital has successfully closed a warehouse facility with Investec Bank to finance aircraft transactions. The facility will be used to raise senior debt against on-lease commercial aircraft still to be acquired. Commenting on Aergo’s financing activities, Stan Barnes, Chief Financial Officer of Aergo Capital, said, “We are delighted to diversify Aergo’s funding sources through

Vice Chairman of the Board and Chief Executive Officer of ALAFCO Aviation Lease and Finance Company, Ahmad A. Alzabin, announced that the company recorded a net profit of KD 10.8 million (US$ 35.4m) for the first half of the financial year ending 30th September 2017 – a 78% increase from the same period of the