Financial

Global aeronautical communications provider Satcom Direct Communications, has entered into a purchase agreement to acquire Airbus DS SatCom Government (ASGI), expanding its market presence and offerings to the U.S. government sector. ASGI is a government satellite communications business unit of Airbus Defense and Space for the U.S. market and will operate as a subsidiary of […]

AeroCentury, an independent aircraft leasing company, reported earnings growth of 80% to US$1.4m in the second quarter of 2015, from US$752,000 in the first quarter of 2015. Second quarter profits were fueled by the Company’s portfolio modernization program, which is generating gains from sale of older assets. Following the US$6.8m non-cash, pre-tax write-down of certain

airberlin’s revenue performance in the second quarter of 2015 was characterised by tactical capacity adjustments. At €1.07 bn in Q2 2015, revenue fell by 7.0% compared to the same period last year (Q2 2014 €1.15bn). Accordingly, Group revenue also declined by -2.3% (from €1.91bn to €1.87bn) in the first half of 2015. As a result

DVB Bank SE, the international transport finance specialist, increased consolidated net income before taxes for the first half of 2015 by 4.6% year-on-year, to €43.3m (previous year: €41.4m). Interest income rose by 18.9%, from €434.7m to €516.8m. Allowance for credit losses amounted to €39.7m (previous year: €27.9m), net interest income after allowance for credit losses

Air Canada reported second quarter adjusted net income of C$250m compared to adjusted net income of C$139m in the second quarter of 2014, an improvement of C$111m or approximately 80%. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to C$591m compared to EBITDAR of C$45m in the same quarter in 2014, an

TAT Technology, a leading provider of services and products for the commercial and military aerospace and ground defense industries, has entered into a definitive agreement to acquire Chromalloy Israel for approximately US$3.5m (subject to certain price adjustments) in cash payable at the closing of the transaction. TAT shall pay additional amounts of up to US$

Avolon, the international aircraft leasing company, has entered into an Exclusivity Agreement with Bohai Leasing granting Bohai exclusivity to negotiate with Avolon until September 7th, 2015 with respect to the possible acquisition of 100% of the issued and outstanding common shares of Avolon at a price of US$32 per share. During the Exclusivity Period, Bohai

Hawker Pacific and Aeromil Pacific have entered into a definitive agreement under which Hawker Pacific has acquired Aeromil Pacific for an undisclosed amount. Aeromil Pacific, established in 1980, is one of the largest and most successful privately owned and operated aviation organisations in the region specialising in new Cessna aircraft sales, pre-owned aircraft sales, aircraft