Financial

A wholly-owned subsidiary of Air Lease Corporation(the Company) has entered into a joint venture with a co-investment vehicle (the “JV Partner”) arranged by Napier Park Global Capital for the purpose of investing in commercial aircraft and leasing them to airlines around the globe. The newly formed entity with committed equity and debt capital is named […]

Air Canada reported third quarter adjusted net income of CA$457m compared to adjusted net income of CA$365m in the third quarter of 2013, an improvement of CA$92m. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to CA$749m compared to EBITDAR of CA$626m in the third quarter of 2013, an improvement of CA$123m.

In the third quarter of 2014, Embraer delivered 19 commercial and 15 executive jets. The Company’s firm order backlog ended 3Q14 at US$ 22.1bn, an all-time Company record. As a result of lower total aircraft deliveries, partially offset by higher revenues from the Company’s Defense & Security business, third quarter revenues were US$1,239.7m, for a

Air Transport Services Group, the leading provider of medium wide-body aircraft leasing, air cargo transportation and related services, reported consolidated financial results for the quarter ended September 30, 2014. Pre-tax earnings from continuing operations increased 25% to US$15.6m driven by a US$7.0m improvement in airline profitability compared with a year ago. Net earnings from continuing

Astronics Corporation reported that consolidated sales for the third quarter of 2014 increased 100.1% to US$179.4m compared with US$89.7m for the same period last year. Aerospace segment sales increased US$34.7m to US$122.2m and Test Systems segment sales increased US$55.1m to US$57.2m. The 2014 third quarter included US$74.1m in sales for two businesses acquired after September

Hong Kong Aircraft Engineering Company (HAECO)reported that GE Aviation has acquired a 9.9% equity stake in Taikoo Engine Services (Xiamen) (“TEXL”). The transaction marks a milestone in the HAECO Group / GE Aviation partnership. Established in July 2008, TEXL is a joint venture between HAECO, Taikoo (Xiamen) Aircraft Engineering Company (“TAECO”), Cathay Pacific Airways and

International Consolidated Airlines Group (IAG) presented Group consolidated results, with third quarter operating profit of €900m (2013: €690m) before exceptional items, a €210m improvement compared to last year. At constant currency, third quarter passenger unit revenue was down 0.9% and non-fuel unit costs was down 4.5%. Revenue for the quarter was up 8.5% to €5,866m,

Aircastle’s third quarter of 2014 lease rental and finance lease revenues were $180.3m, up $15.1m, or 9% year over year, due primarily to the $43.3m impact of aircraft acquisitions, offset by $21.1m of lower revenues due to aircraft dispositions. Total revenues for the third quarter were $177.6m, an increase of $7.5m, or 4% above the