Financial

On November 9th, 2010, the European Commission decided to fine SAS Cargo and the SAS Group, alongside 11 other airlines, for participating in a global cartel in the cargo sector. SAS was fined €70.2m, but appealed the decision to the European Court’s first instance, the General Court. In December 2015, the General Court annulled the […]

AeroCentury, an independent aircraft leasing company, reported earnings totaling US$3.1m in the fourth quarter of 2015, compared to US$1.3m in the third quarter of 2015, and $0.5 million in the fourth quarter of 2014. The fourth quarter 2015 results reflect increased lease revenue due to improved utilization and higher gains from sales of aircraft. Net

BOC Aviation reported financial results for the year ended December 31st, 2015. Robert Martin, Managing Director and Chief Executive Officer, said: “In 2015, BOC Aviation had another very successful year, with record net profit after tax of US$343m, an 11% increase over 2014. The owned and managed fleet grew to 270 aircraft, and together with

International Airlines Group (IAG) presented Group consolidated results for the year to December 31st, 2015. The Group posted fourth quarter operating profit of €540m excluding Aer Lingus and before exceptional items (2014: operating profit of €260m), including Aer Lingus €530m. Passenger unit revenue for the quarter was up 3.1%, excluding Aer Lingus and at constant

AE Industrial Partners, a private equity investor in aerospace, power generation and specialty industrial companies, released that its wholly owned AE Materials Group (AEMG) has acquired The Aircraft Group (TAG). TAG is a leading provider of aircraft consulting services for the purchase, sale or leasing of commercial aircraft as well as fleet asset management. Terms

Small Planet Group has announced financial results for the year 2015. The company carried 1.8 million passengers – 40% more than in the previous year – and saw its revenues grow 27%. Meanwhile full year profit for a second year in a row grew double. Profits now are being reinvested into cabin interior and other

Air Lease Corporation reported another consecutive quarter of record fleet, revenue and profitability growth. The company generated adjusted diluted EPS of US$4.64 for the year ended December 31st, 2015, an increase of 15.1% as compared to US$4.03 for the year ended December 31st, 2014. ALC recorded adjusted diluted EPS of US$1.21 for the three months

Republic Airways Holdings reported that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The petitions were filed in the U.S. Bankruptcy Court for the Southern District of New York. Republic’s board of directors unanimously determined that a Chapter 11 reorganization is in

HEICO CORPORATION reported that adjusted net income increased 20% to US$33.2m in the first quarter of fiscal 2016, up from US$27.6m in the first quarter of fiscal 2015. Adjusted operating income increased 20% to US$55.8m in the first quarter of fiscal 2016, up from US$46.4m the previous year. The Company’s adjusted operating margin increased to

DVB Bank generated consolidated net income after taxes of €45.6m (previous year: €79.1m), providing financing solutions and advisory services to its clients in the international transport sector. DVB originated new international Transport Finance business at attractive terms, in spite of persistent and intense competition amongst banks on the financing markets. As at 31 December 2015,