Financial

Aircastle Limited reported that it plans to offer an aggregate of US$500m principal amount of its senior notes due 2024. Aircastle plans to use the net proceeds of the offering for general corporate purposes, which may include the acquisition of aircraft or the refinancing of its existing indebtedness.

Aeroflot Group has published audited financial accounts for the year ending 31st December 2016 which reveal a net profit of RUB 63,254 million for the Russian flag-carrying airline and member of the Sky Team alliance. Revenue increased by 19.4% year-on-year to RUB 495,880 million; EBITDAR amounted to RUB 137,567 million, up 33.4% year-on-year, while EBITDAR

Air Lease Corporation announced the pricing on March 1, 2017 of its public offering of US$500m aggregate principal amount of 3.625% unsecured senior notes due 2027. The Notes were offered to the public at a price of 98.241% of their face amount. The sale of the Notes is expected to close on March 8, 2017,

HEICO CORPORATION reported that net income increased 31% to US$40.9m in the first quarter of fiscal 2017, up from US$31.3m in the first quarter of fiscal 2016. Operating income increased 23% to US$64.6m in the first quarter of fiscal 2017, up from US$52.6m in the first quarter of fiscal 2016. The Company’s consolidated operating margin

Global provider of tailor-made MRO services for business and regional aviation, Jet Maintenance Solutions (Jet MS), has announced its financial results of the year 2016, showcasing over 5 time increase in profit and a record, 26% of revenue growth. The European MRO provider has enlarged its operations on the back of successfully introducing Bombardier Challenger

International Airlines Group reported operating profit before exceptional items for the year to December 31, 2016 of €2,535m (2015: €2,335m), up 8.6%. Net foreign exchange operating profit impact for the year adverse €460m. Revenue for the year was down 1.3% to €22,567m and passenger unit revenue for the year was down 5.4% at constant currency.

Air Lease Corporation (ALC) reported record financial results for the year and three months ended December 31, 2016. ALC reported revenues of US$1.4bn for the full year 2016, an increase of 16.0% and US$370.5m for the fourth quarter of 2016, an increase of 13.4%. ALC signed agreements for 122 aircraft with 39 customers across 33

Safran reported adjusted revenue was €15,781m, up 1.6% year-on-year. Adjusted revenue growth was 3.9% on an organic basis. Adjusted recurring operating income was €2,404m, a 5.4% increase year-on-year. Adjusted recurring operating margin of 15.2% improved by 50 basis points compared to 2015. Adjusted net income – Group share (continuing and discontinued operations) at €1,804m rose

MTU Aero Engines once again set new records in the financial year 2016. Revenues increased by 7% to a new high of €4,732.7m (2015: €4,435.3m). Operating profit reached €503.0m, beating the previous year’s record by 14% (2015: €440.3m). Earnings after tax surpassed the previous record of €306.9m, set in 2015, growing by 13% to €345.4m.