Financial

AeroCentury an independent aircraft leasing company, has reported third quarter 2017 earnings of US$385,000 compared to US$356,000 in the second quarter of 2017 and compared to US$530,000 in the third quarter of 2016. In the first nine months of 2017, net income grew 10% to approximately US$1.4m from approximately US$1.3m in the first nine months of […]

The Finnish Competition and Consumer Authority has approved the transaction in which Finnair acquires 60% of the shares in Nordic Regional Airlines AB from StaffPoint Holding Oy and Kilco Oy. The transaction is expected to close in November 2017, and thereby Norra will transfer to Finnair’s full ownership on an interim basis. Finnair aims to

Boeing has completed the acquisition of Aurora Flight Sciences, a world-class innovator, developer and manufacturer of advanced aerospace platforms and autonomous systems. Aurora will operate under Boeing Engineering, Test & Technology as a subsidiary called Aurora Flight Sciences, A Boeing Company. It will retain an independent operating model while benefiting from Boeing’s resources and position

The SIA Group reported a net profit of SG$425m in the first half of the 2017-18 financial year, SG$103m (+32.0%) higher than last year. This was the result of a higher Group operating profit (+SG$211m) and lower share of losses from associated companies (+SG$46m), in the absence of last year’s gain on SIA Engineering’s divestment

Astronics Corporation has released its financial results for the three and nine months ended September 30, 2017. Consolidated third quarter sales were down US$5.5m from the same period last year. Aerospace segment sales of US$128.7m were up $3.5 million and Test Systems segment sales of US$21.0m were down US$9.0m. Consolidated gross margin was 21.7% in

StandardAero Aviation and Airbus have finalized the acquisition by StandardAero of Vector Aerospace from Airbus. Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for turbine engines, components, fixed- and rotary-wing aircraft. A truly international company, it generated revenues of over US$700m in 2016 and employs approximately 2,200 people in

AirFrance-KLM have reported third quarter 2017 operating result of €1,022m, an improvement by €285m compared to last year. The main items contributing are the positive trend in Group’s unit revenues resulting in an increase of €266m, whereas the decrease in fuel price including hedge results contributed €61m. Adjusted for the interest portion of operating leases,

Bombardier, the Canadian plane and train manufacturer has released third-quarter 2017 financial results, revealing revenues of US$3.8 billion, EBIT before special items of US$165 million and an 8.8 percent EBIT margin for its Business Aircraft sector. Commercial Aircraft EBIT before special terms was as anticipated, in relation the C Series ramp-up plan, at US$495 million.

WestJet has posted its third quarter results for 2017, with record net earnings of CA$138.4m, as compared with the net earnings of CA$116.0m reported in the third quarter of 2016, up 19.4% and 21.6% respectively. WestJet achieved its 50th consecutive quarter of profitability and flew an all-time quarterly record of 6.5 million guests. Based on