Financial

H.I.G. Capital, a private equity investment firm with over US$20bn of equity capital under management, is pleased to announce the sale of its portfolio company, Amerijet Holdings, to an affiliate of ZS Fund L.P., a middle market focused private equity firm. Since its founding in 1974, Amerijet has grown from a small charter service operator […]

MTU Aero Engines AG generated revenues of €2,299.2m in the first six months of 2016, an increase of 4% (1-6/15: €2,202.0m. The group’s operating profit improved by 19% to €254.1m (1-6/15: €212.8m), raising the EBIT margin for the six-month period from 9.7% to 11.1%. Earnings after tax increased by 20% to €176.1m (1-6/15: €147.2m), in

AerCap Holdings has completed the closing of a new US$0.7bn secured credit facility. The facility will primarily be used to acquire new narrowbody and widebody aircraft as they deliver from Boeing and Airbus through 2017. The facility was signed to finance a portfolio of 13 aircraft and matures in 2022. AIB Corporate Banking, Bank of

American Airlines Group reported GAAP net profit of US$950m, compared to a GAAP net profit of US$1.7bn in the second quarter 2015. As a result of the reversal of the valuation allowance on the Company’s deferred tax assets as of December 31, 2015, the Company’s 2016 results include a US$543m provision for income taxes at

Boeing reported it will recognize an impact to earnings across three programs when it announces second-quarter 2016 results on July 27. On the 787 program, the company decided not to invest funds for the refurbishment and sale of the two remaining unsold flight test aircraft that were scheduled to be introduced into the modification line.

Aéroports de Montréal reported its consolidated operating results for the three- and six-month periods ended June 30, 2016. These results are accompanied by data on passenger traffic and aircraft movements at Montréal-Trudeau and Montréal-Mirabel international airports. Montréal-Trudeau set new passenger records for both periods, with 4.0 million passengers enplaned/deplaned in the second quarter, an increase

Alaska Air Group reported second quarter 2016 GAAP net income of US$260m, compared to US$234m in the second quarter of 2015. Excluding the impact of mark-to-market fuel hedge adjustments and merger costs, the company reported adjusted net income of US$263m, compared to adjusted net income of US$230m in 2015. Alaska Air Group held US$1.6bn in

Southwest Airlines reported its second quarter 2016 results with a quarterly GAAP net income of US$820m, compared with second quarter 2015 GAAP net income of US$608m. Excluding special items, quarterly net income was US$757m, compared with second quarter 2015 net income of US$691m. Quarterly GAAP operating income amounted to US$1.3bn, resulting in a strong second

Air Astana has recorded a net loss of US$6.6m and an operating profit of US$0.975m, for the first half of 2016. Operating revenue fell by 30% to US$275m, driven by a signification devaluation of the Kazakh Tenge in comparison with the first half of 2015, and by weaker regional travel markets in the wake of