Financial

In 2016, SKY Leasing, a full-service aircraft leasing company headquartered in Dublin, Ireland, originated an initial portfolio of 18 aircraft with an appraised value of approximately US$1.0bn, diversified globally across 14 different lessees including Aeroméxico, China Airlines, Ethiopian Airlines, Hawaiian Airlines, Malindo Air, and Volaris. During its launch year, SKY Leasing successfully established itself as

The Air Ambulance division of German Special Mission Operator FAI rent-a-jet AG has reported record operational and financial results in 2016, achieving revenues of more than €45m for the first time in the company’s history. The division’s revenues for 2016 mark an increase of over 7% compared with 2015. For the first time the business

For the full year 2016 AerCap reported net income of US$1,046.6m, compared with US$1,178.7m for the same period in 2015. Net income and diluted earnings per share decreased due to various items, including sales of older aircraft during 2015 and 2016, which reduced average lease assets by approximately US$1.6bn. Diluted earnings per share was favorably

GOL Linhas Aereas Inteligentes reported its consolidated results for the fourth quarter and the full year of 2016. GOL reported a net loss for the quarter of R$30.2m (US$8.7m) compared to the fourth quarter of 2015, representing a negative 1.1% net margin. The airline reported full-year 2016 net income was R$1.1bn (US$316.1m), on revenues of

Despite a substantial improvement over the company’s loss of US$5.34bn for the financial year 2015, Bombardier, the Canadian plane and train manufacturer has reported continued losses for the financial year 2016 at US$981m. While 2015’s loss was sweetened by the announcement of a substantial order, Bombardier Aerospace, the world’s third-largest aircraft manufacturer had no such

Global expansion driven by new routes, high load factors and continued fleet renewal, contributed to Norwegian’s best ever annual result, with a net profit of NOK1,135m (£109m). Operating profit (EBIT) was NOK1,820m. The results are influenced by Norwegian’s international growth, particularly on intercontinental routes, as well as increased presence in the UK and Spain. The

Air Canada reported record full year 2016 EBITDAR, excluding special items, of CA$2.768bn, compared to the previous record of CA$2.542bn recorded in 2015, an increase of CA$226m or 8.9% and surpassing the 6 to 8% increase projected in its November 7, 2016 news release. On a GAAP basis, Air Canada reported operating income of CA$1.345bn

Lufthansa and pilots’ union Vereinigung Cockpit accepted the mediation recommendation of Dr. Gunter Pleuger on February 15, ending a long-running dispute over salaries. His recommendation contains the following key points: A pay increase for the 5,400 pilots in the Group tariff agreement of Lufthansa, Lufthansa Cargo and Germanwings in four stages amounting to a total

Singapore Technologies Aerospace (ST Aerospace) has incorporated a new company, Keystone 4 Limited (Keystone 4), in Ireland, as a wholly-owned subsidiary of Keystone Holdings (Global), (Keystone Holdings), with a paid up capital of US$1. Keystone Holdings is a 50-50 joint venture aircraft investment holding company between ST Aerospace Resources and SJ Aviation Capital. A holding