Financial

B/E Aerospace stockholders voted in favor of the proposal to adopt the previously announced Agreement and Plan of Merger, dated October 23, 2016 by and among B/E Aerospace and Rockwell Collins, at a special meeting of stockholders held on March 9, 2017. At the special meeting, approximately 99% of all votes cast, which represents approximately […]

FL Technics, a global provider of one-stop-shop aircraft maintenance, repair and overhaul services, has announced its yearly business review, displaying a stable, over 20% growth in revenues as well as continuing service and geographical diversification. Bouncing back from bankruptcy of a major client and a financial backdrop in the year 2015, FL Technics has managed

Aéroports de Montréal (ADM) posted consolidated operating results for the fiscal year ended December 31, 2016 . Consolidated revenues amounted to CA$527.2m for fiscal 2016, an increase of CA$38.7m, or 7.9%, over 2015. This improvement is attributable on the one hand to the growth of passenger traffic and carriers’ operations, and on the other to

FLY is reporting a net loss of US$63.8m for the fourth quarter of 2016. The loss is primarily driven by a US$92m non-cash impairment charge taken on three older, out-of-production wide-body aircraft. In the fourth quarter of 2015, FLY reported net income of US$19.1m. The net loss for the year ended December 31, 2016 was

In the fourth quarter 2016 Embraer delivered 32 commercial and 43 executive (25 light and 18 large) jets. The Company ended 2016 with 108 total commercial aircraft deliveries and 117 executive (73 light and 44 large) jet deliveries, both meeting their respective Guidance for 2016. Revenues in the fourth quarter reached US$ 2,027.8m and for

Argos Soditic, the European lower mid market private-equity firm, has entered into exclusive negotiations to acquire an ownership position along with Olivier Legrand and Christian Grzanka in Revima Group, a leading independent aerospace Maintenance, Repair and Overhaul service provider, primarily focused on Auxiliary Power Unit & Landing Gear products. The transaction, subject to customary authorizations,

HEICO Corporation reported that its Flight Support Group has signed an agreement to acquire 80.1% of the operating units of Air Cost Control (A2C). A2C’s founders, Laurent and Laure Parelle will continue to own 19.9% of A2C. The purchase price and financial details were not disclosed. HEICO stated that it expects the acquisition to be

West Star Aviation has announced its acquisition agreement with Avant Aerospace, a leading supplier of Dassault Falcon Jet spares and equipment located in Grapevine, TX. Avant Aerospace has established a great reputation since 2001 for the acquisition and supply of top quality Dassault Falcon spares, equipment and tooling in support of F2000, F900 and F50

AeroCentury, an independent aircraft leasing company, reported 2016 earnings were US$1.2m compared to 2015 earnings of US$6.4m. “AeroCentury made investments in leased assets totaling US$69m in the third quarter of 2016, the impact of which we are now seeing in the form of increasing operating lease revenue,” said Michael G. Magnusson, Chief Executive Officer. Operating

Air Transport Services Group reported consolidated financial results for the quarter and full year ended December 31, 2016. Revenues increased 24% to US$768.9m for the year, and were up 22% to US$221.7m for the quarter. Excluding revenues from reimbursable airline expenses, revenues increased 18% for the year and 17% for the quarter. Principal contributors were