Financial

FPG / DVB / Mega Bank have successfully closed a JOLCO for a Boeing 787-9 which delivered to Air Canada in February 2017. The equity was arranged by FPG AIM and underwritten by FPG in Japan. The senior loan was arranged and underwritten by DVB Bank and Mega Bank. Skyworks Capital was advisor to Air […]

In the first quarter 2017 (1Q17), Embraer delivered 18 commercial and 15 executive (11 light and 4 large) jets, representing a decline from the 21 commercial and 23 executive (12 light and 11 large) jet deliveries in the first quarter of 2016 (1Q16). The Company’s firm order backlog ended the quarter at US$19.2bn. Revenues in

airberlin reported a net loss of €-781.9m for 2016 compared to a net loss of €-446.6m the previous year. The airline reported revenues of €3.79bn, compared to revenues of €4.08bn in 2015. The decrease in revenue in 2016 is due primarily to a capacity reduction of 4% and the decline in revenue per passenger (yield)

Southwest Airlines’ total operating revenues increased 1.2%, year-over-year, to a first quarter record US$4.9bn, driven largely by first quarter record passenger revenues of US$4.4bn. Southwest reported net income of US$351m, operating income of US$658m and operating margin of 13.5%. On a unit basis, operating revenues declined 2.8%, year-over-year, which was in line with the Company’s

Finnair Group reported first quarter revenues increased 3.3% to €554.4 m. EBITDAR was €50.1m compared to €36.4m the previous year. Net cash flow from operating activities totalled €23.9m, compared to €10.4m in 2016 and net cash flow from investing activities amounted to €145.1m compared to €-247.3m in 2016.

MTU Aero Engines AG saw its revenues increase by 15% to €1,261.3m in the first quarter of 2017 (1-3/2016: €1,097.9m). The group’s operating profit improved by 20% from €131.3m to €157.0m, pushing the EBIT margin up from 12.0% to 12.4%. Earnings after tax rose in line with operating profit, increasing by 21% to €111.0m (1-3/2016:€91.5m).

Norwegian reported its first quarter results for 2017 with a net loss of NOK1.5bn, compared to a net loss of NOK800m in the first quarter of the previous year. During the first quarter, unit costs excluding fuel fell by 4% and debt was cut by NOK1bn. Total revenue in the first quarter was NOK5.4bn an

In 2016 the Liebherr Group has achieved the third-highest turnover in the Group’s history, with total sales of €9,009m, compared to 2015, this represents a decrease of €228m or 2.5%. In 2016, the Group achieved a net result for the year of €298m, equaling the 2015 result. The financial result improved significantly, thanks in part

Alaska Air Group has reported first quarter 2017 GAAP net income of US$99m, compared to US$184m in the first quarter of 2016. Excluding the impact of special items and mark-to-market fuel hedge adjustments, the company reported adjusted net income of US$130m, compared to US$183m in 2016. As the acquisition of Virgin America closed on Dec.