Financial

AerCap Holdings N.V. released that AerCap Ireland Capital Limited and AerCap Global Aviation Trust (together, the “Issuers”), each a wholly-owned subsidiary of the Company, priced their previously announced offering of senior notes, consisting of US$1.0bn aggregate principal amount of 3.95% Senior Notes due 2022 (the “Notes”). The Notes will be fully and unconditionally guaranteed on […]

Elbit Systems, the international high technology company, reported its consolidated results for the quarter ended March 31st, 2016. Revenues in the first quarter of 2016 were US$721.2m, as compared to US$706.6m in the first quarter of 2015. Non-GAAP gross profit amounted to US$220.1m (30.5% of revenues) in the first quarter of 2016, as compared to

Singapore Airlines Group reported a net profit of S$804m in the 2015-16 financial year, a S$436m improvement over the net profit recorded in the last financial year (+118.5%). Group operating profit increased S$271m (+66.1%) year-on-year to S$681m. Dividends received from long-term investments were higher (+S$102m), while the Group’s share of losses of associated companies were

Singapore Technologies Engineering (ST Engineering) announced financial results for its first quarter ended March 31, 2016 (1Q2016). Group revenue was S$1.63bn 8% higher than a year before, with higher sales from the Aerospace and Electronics sectors. Quarterly profit before tax (PBT) for the Group was S$130.4m, down 13% from S$150.5m, and quarterly net profit after

During the first three months of 2016, DVB Bank generated consolidated net income before taxes of €25.9m compared to €84.3m in the first quarter 2015. DVB originated 27 new transactions in its core Transport Finance business, with an aggregate volume of €1.2bn (Q1 2015: 51 new transactions with a total volume of €1.7bn). Whilst the

Finnair reported that revenue grew by 2.9% in the first quarter of 2016 to €536.4m (2015 €521.3m). Operating result was €-15.3m (2015 €-28.4m). EBITDAR was €36.4m (2015 €19.2m). Net cash flow from operating activities stood at €10.4m (2015 €13.0m), and net cash flow from investing activities totalled €-247.3m (2015 €142.8).

Transat A.T., one of the worlds largest integrated tourism companies and Canada’s holiday travel leader, has received a firm offer from TUI AG to purchase its Transat France and Tourgreece tour operating business units for an enterprise value of €54.5m, subject to working capital adjustments at closing. On that basis, Transat has granted exclusivity to

AeroCentury, an independent aircraft leasing company, reported first quarter 2016 earnings of US$434,000 compared to US$752,000 for the first quarter of 2015 and US$3.1m for the fourth quarter of 2015. The earnings reported for the first and fourth quarters of 2015 included US$1.9m and US$6.3m, respectively, in pretax gains on the sale of assets. Average

Virgin Atlantic completed the closing of its first JOLCO (Japanese Operation Lease with Call Option) financing at the end of April. The aircraft, a Boeing 787-9, was delivered to the UK’s second largest long-haul carrier in December 2015 and subsequently financed with a JOLCO arranged by FPG AIM and with the equity arranged and underwritten

Michael O’Leary, Ryanair’s chief executive has revealed that a combination of the tragic bombing incident at Brussel’s Zaventem Airport, combined with air traffic control strikes would likely see a hole of between €10m and €20m created in the airline’s year-end profits for 2016. Ryanair is not the only airline to openly admit to the effect