Airbus Group reported solid 2015 results with its guidance achieved for all key performance indicators, reflecting continued operational improvement. Group revenues increased 6% to €64.5bn (2014: €60.7bn). This was mainly driven by Commercial Aircraft which registered an 8% rise in revenues on higher deliveries of 635 aircraft (2014: 629 units), including 14 A350 XWBs, and […]
Airbus Group reports solid 2015 results Read More »
The Qantas Group has reported an underlying profit before tax of AU$921m, up from AU$367m in the first half last year. Statutory profit before tax was AU$983m, up from AUS$289m last year. Qantas Domestic, Jetstar and Qantas Loyalty all achieved record results in the half and combined earnings between Qantas Domestic and Jetstar Domestic rose
Qantas Group first-half profit more than doubles Read More »
For the full year 2015 AerCap reported adjusted net income of US$1,275.8m, compared with US$855.5m for full year 2014. Adjusted basic earnings per share of US$6.26, compared with US$4.86 for full year 2014. Increases in adjusted net income and earnings per share over full year 2014 were driven primarily by the full year impact of
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Aircastle has reported that it formed an aircraft leasing joint venture with IBJ Leasing (IBJL), a Japanese general leasing company which is part of Mizuho Financial Group. The joint venture, which will be serviced by Aircastle, will target investments in newer narrow-body aircraft leased to premier airlines. It is expected the joint venture will purchase
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Air Canada reported full year adjusted net income of CA$1.222bn, compared to adjusted net income of CA$531m in 2014, an improvement of CA$691m. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to CA$2.534bn compared to EBITDAR of CA$1.671bn in 2014, an improvement of CA$863m. On a GAAP basis, Air Canada reported operating
Air Canada posts 2015 net income of CA$308m Read More »
ST Aerospace Resources has signed an agreement to divest 50% of its equity stake in Keystone Holdings (Global) to SJ Aviation Capital, a Singapore based subsidiary of Sojitz Corporation, for a consideration estimated to be US$10.7m. Upon completion, ST Aerospace Resources and SJ Aviation Capital will each own a 50% shareholding in Keystone Holdings. The
ST Aerospace Resources to collaborate with Sojitz Corporation in aircraft leasing Read More »
MTU Aero Engines AG closed the financial year 2015 with new records. Revenues reached a new high of €4,435.3m (2014: €3,913.9m) while the group’s operating profit climbed to €440.3m (2014: €382.7m), an increase of 15%. Earnings after tax beat the previous all-time record set in 2014, rising by 21% from €253.3m to €306.9m. The commercial
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For 2015 Norwegian reported a net profit of 75 MNOK (£6m). The figure was heavily influenced by an unrealised loss on fuel hedging for 2016 and 2017, which makes up 800 MNOK. Adjusted for such unrealised hedging, the 2015 pre-tax results was 875 MNOK (£70m). This was a strong improvement compared to -1.168 MNOK the
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Aircastle reported total revenues for the fourth quarter of US$208.3m, a decline of US$30.0m, driven by lower maintenance revenues, which typically arise at lease end. Maintenance revenues were US$37.1m lower due to fewer aircraft coming off lease during the fourth quarter of 2015, as compared to 2014 when we early terminated the leases of several
Aircastle posts fourth quarter and full year 2015 results Read More »
World Fuel Services Corporation (INT) released that a wholly-owned subsidiary of the company has signed a definitive agreement to acquire from certain ExxonMobil affiliates their aviation fueling operations at 83 airports in Canada, the United Kingdom, Germany, Italy, Australia and New Zealand. Further, an additional three locations in France are expected to be added to
