Financial

FLY’s net income for the third quarter of 2014 were US$15.4m compared to US$0.3m in the same period in 2013.Total revenues increased 33% to US$105.5m. Operating lease rental revenue for the third quarter of 2014 was US$105.1m compared to US$78.4m for the same period in the previous year, an increase of 34%. The increase was […]

Engine Lease Finance Corporation (ELFC) has been acquired by Mitsubishi UFJ Lease and Finance Co.(MUL). ELFC’s President and CEO, Jon Sharp, states, “We are very excited by this move to MUL. MUL is one of Japan’s largest leasing companies and is renowned for its innovative approach to asset finance and for aggressively expanding its global

DVB Bank SE continued to provide financing solutions and advisory services to its clients in the international transport sector during the first nine months of 2014, but results fell short of the previous year: consolidated net income before taxes was down 24.5%, to €72.6m (9m 2013: €96.2m). The strong fluctuation in net income from financial

Exchange Income Corporation a diversified, acquisition-oriented company has entered into an agreement to acquire all of the shares of Provincial Aerospace (“PAL”), a diversified Canadian-based aerospace and aviation company, for a combination of cash and stock totaling approximately $246m. PAL, headquartered in St. John’s, Newfoundland & Labrador, operates three distinct businesses across the aerospace, airline

Flybe and Finnair have agreed to restructure the ownership of their jointly owned Flybe Nordic venture, and Flybe has agreed to sell the shares that it holds in Flybe Nordic to a potential new majority shareholder or to Finnair for the price of one euro. The sale of the shares is conditional only upon approval

GOL Linhas Aereas Inteligentes, the largest low-cost airline in Latin America, announced its results for the third quarter of 2014. Operating income (EBIT) registered R$152min 3Q14, R$115m up over 3Q13, with an operating margin (EBIT) of 6.2%, up by 4.5 points. The last twelve months (LTM) EBIT totaled R$497m, with an operating margin of 4.9%.

Milestone Aviation Group, the global leader in helicopter leasing, has closed seven of 12 helicopter leases to Bristow Helicopters, an affiliate of the Bristow Group. The helicopters will be used for civilian search and rescue (SAR) services when Bristow Helicopters takes over delivery of UK SAR services on behalf of the Maritime and Coastguard Agency

Bombardier has signed a memorandum of understanding (MOU) with China’s SPDB Financial Leasing (“SPDBFL”) which clears the way for SPDBFL to provide advance payment financing, delivery financing and leasing solutions to Bombardier customers acquiring Q-Series, CRJ Series and CSeries commercial aircraft, as well as Learjet, Challenger and Global business aircraft. The breadth of capital available

Gogo, a leading global aero communications service provider, announced its financial results for the quarter ended September 30th, 2014. Gogo reported record third quarter revenue of US$104.0m, up 22% year-over-year. Adjusted EBITDA for Q3 2014 was US$1.2m, down from US$2.0m in Q3 2013, reflecting continued revenue and profitability growth in the combined CA-NA and BA

Singapore Technologies Engineering reported that financial results for its third quarter ended September 30th, 2014 (3Q2014) came in with lower profit before tax and net profit after tax on the back of a comparable revenue of SG$1.55bn against the same period last year. Quarterly PBT was SG$151.7m, down 10% from SG$168m, and quarterly net profit