Kaman Corporation released that its Aerospace segment has entered into an agreement to acquire GRW Bearing GmbH (GRW), a German-based designer and manufacturer of super precision, miniature ball bearings. The company is expected to have sales in 2015 of approximately €48 million. GRW is focused on the demanding applications segment of the miniature ball bearings […]
Kaman to acquire GRW Bearing GmbH Read More »
Veling, a niche aircraft leasing company, announced a partnership with Flexpoint Ford, a private equity firm focused on the financial services and healthcare sectors. The partnership will provide Veling with equity capital to support the purchase and leaseback of over US$1bn of commercial aircraft to high-quality airlines over the next two years. Veling, based in
Veling announces partnership with Flexpoint Ford Read More »
Air Transport Services Group, a provider of medium wide-body aircraft leasing, air cargo transportation and related services, reported consolidated financial results for the quarter ended September 30th, 2015. Revenues increased 3% to US$142.3m, including a 6% increase in freighter aircraft leasing revenues. Excluding revenues from reimbursements, third-quarter 2015 revenues increased 6%. Both pre-tax and net
767 Freighter leases drive ATSG revenue growth Read More »
Singapore Technologies Engineering (ST Engineering) announced financial results for its third quarter ended September 30th, 2015 (3Q2015). The Group posted quarterly revenue of US$1.50bn and profit before tax of US$154.7m. These results are comparable to revenue of US$1.55bn and profit before tax of US$151.7m in the same quarter last year. Quarterly net profit after tax
ST Engineering reports comparable year-on-year profit for 3rd quarter 2015 Read More »
Air Canada reported third quarter adjusted net income of CAD$734m, compared to adjusted net income of CAD$457m in the third quarter of 2014, an improvement of CAD$277m or approximately 61%. EBITDAR amounted to CAD$1,076m compared to EBITDAR of CAD$749m in the same quarter in 2014, an increase of CAD$327m or approximately 44% year-over-year. On a
Air Canada reports third quarter net income improvement of 61% Read More »
DVB Bank generated consolidated net income before taxes of €59.8m (previous year: €72.6m) during the first nine months of 2015, providing financing solutions and advisory services to its clients in the international transport sector. Net interest income decreased by 6.7%, from €62.5m to €151.6m. Thanks to the high volume of new Transport Finance business, interest
DVB Group publishes nine-months results for 2015 Read More »
Aircastle reported a third quarter 2015 net loss of US$(14.0)m and an adjusted net loss of US$(9.7)m. The third quarter results included total revenues of US$212.1m, an increase of 19.4%, versus US$177.6m in the third quarter of 2014. Commenting on the results, Ron Wainshal, Aircastle’s CEO, stated “During the third quarter we took decisive measures
Aircastle reports third quarter net loss of US$14.0m Read More »
WestJet posted its third quarter 2015 results, with record net earnings of CAD$101.8m as compared with the adjusted net earnings of CAD$85.4m reported in the third quarter of 2014, up 19.2% and 24.2%, respectively, notwithstanding the significant weakening of the Canadian dollar year over year and the softening of the Western Canadian economy as a
WestJet posts record third quarter net earnings Read More »
Willis Lease Finance Corporation (WLFC), an independent jet engine lessor in the commercial finance sector, reported its third quarter 2015 net income increased 163% to US$2.6m compared to US$1.0m in the third quarter of 2014. This follows a net loss in the second quarter of 2015 which totaled US$0.5m resulting from a US$3.1m non-cash write-down
Willis Lease Finance 3rd quarter profits increase as utilization improves to 92% Read More »
Airbus Group revenues increased 6% to €43.0bn (9m 2014: €40.5bn), reflecting the strengthening U.S. dollar and a favourable mix at Airbus. Revenues at Commercial Aircraft rose eight percent with 446 aircraft delivered (9m 2014: 443 units), including 19 A380s and five A350 XWBs. Despite lower overall deliveries of 237 units (9m 2014: 295 units), Helicopters’
Airbus Group reports strong nine-month results Read More »
