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Boeing, BOC Aviation Finalize Order for 10 737 MAX 10s

Lockheed Martin Invests $350 Million in State-of-the-Art Satellite Production Facility

Preliminary construction is underway on a new, $350 million Lockheed Martin facility that will produce next-generation satellites. The new facility, located on the company's Waterton Canyon campus near Denver, is the latest step in an ongoing transformation, infused with innovation to provi...

Leonardo: first half 2017 progress confirms growing orders and profitability

New Orders at EUR 5.1 billion, higher than 1H2016 net of the EUR 8 billion EFA Kuwait contract booked in the second quarter 2016 Stable revenues and solidly improving profitability with ROS at 9.0% Lower Group Net Debt at EUR 3.6 billion, also thanks to receipt of the second installment of th...

Half-year results 2017: MTU Aero Engines raises forecast

MTU Aero Engines AG generated revenues of €2,548.0 million in the first six months of 2017, up 11% on the previous year (1-6/16: €2,299.2 million). The group’s operating profit increased by 26% from €254.1 million to €320.8 million, resulting in an EBIT margin of 12.6% (1-6/16: 11.1%). Earnings after tax increased by 29% from €176.1 million to €227.5 million....

Airbus reports Half-Year (H1) 2017 results

Revenues €29bn; EBIT Adjusted €1.1bn; EBIT (reported) €1.8bn; EPS (reported) €1.94 Commercial aircraft environment healthy, robust backlog supports ramp-up plans H1 financials reflect delivery pattern mainly impacted by engine issues 2017 guidance maintained Airbus SE (stock exchange symbol: AIR) reported half-year 2017 financial results and maintained its g...

ST Engineering’s Aerospace Arm Incorporates New Companies for Engine Leasing

Singapore Technologies Engineering Ltd (ST Engineering) announced that its associated company, Total Engine Asset Management Pte. Ltd. (TEAM), has set up two new special-purpose vehicles, namely Total Engine Asset Management Ireland 01 Limited (TEAM Ireland 01), in Ireland, and TEAM UK 01 Limited (TEAM UK 01), in the United Kingdom. TEAM Ireland 01 and TEAM UK 01, with share capital of US$...

Ryanair Q1 Profits Rise 55% To € 397m Due To Strong Easter But No Change To FY Guidance

Ryanair, Europe’s No. 1 airline, reported a 55% rise in Q1 profit to €397m. This result is distorted by the timing of Easter in Q1 with no holiday period in the prior year comparative. Traffic grew 12% to 35m as Ryanair’s lower fares and “Always Getting Better” (AGB) programme delivered a record 96% load factor. Ryanair’s CEO Michael O’Leary said:&nb...

AviaAM Leasing sells 4th Airbus A321 with lease attached

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, have sold 4th Airbus A321 aircraft from its fleet with lease attached. The ownership of the aircraft was transferred to the new lessor together with operating lease contract with Small Planet Airlines Poland. On the 20th of July, AviaAM Leasing sold one Airbus A321-211 aircraft (MSN 2342) with lease attached. This was the...

Etihad Airways sells first airline stake since launching review

Etihad Airways has sold its minority stake in European regional carrier Darwin Airline, the first divestment since launching a strategic review last year and just weeks after chief executive James Hogan left the Abu Dhabi carrier. Etihad, which held a 33.33 percent stake in Darwin Airline, and other investors have sold their shares to a new Swiss subsidiary of Slovenia's Adria Airways, acco...

Zenith Aviation almost doubles hours flown in half year performance report

Biggin Hill based corporate jet operator, Zenith Aviation has reported a staggering year on year increase in the number of hours flown in both Q1 and Q2 of 2017 in comparison to the same period last year. Managing director of Zenith Aviation, Stuart Mulholland commented: “We saw a 37% increase in June compared to the previous year and our Jan-June period saw a huge 83% increase. This, add...

Global expansion through business acquisition in aviation: the better way?

To increase geographical presence, decrease competition, accelerate expansion – just a few reasons why companies choose business acquisition as an inorganic mode of expansion. With yearly worth of worldwide mergers and acquisitions topping €41 billion it’s only natural that increasing number of deals has been recorded and anticipated in the aviation industry as well. With a vast e...

Equiom reaches new yachting and aviation milestone

Equiom has reached a new milestone of USD4 billion in assets under administration for its yachting and aviation portfolio. As one of the largest yachting and aviation departments in the corporate service sector globally, Equiom has a 30-strong yachting and aviation team worldwide. They provide ongoing support and advice to clients with dedicated teams for...

Norwegian reports a pre-tax result of 861 million NOK (£80.5m) and a high load factor

Norwegian (NAS) reported its second quarter results for 2017. The pre-tax result (EBT) was 861 million NOK (£80.5 million). This is slightly down from last year’s result, mainly due to higher oil prices and the air passenger tax implemented by the government in Norway last year. The overall performance was positive in all of Norwegian’s main markets during the second quarter....

Bombardier Announces Dividend Rate Applicable to its Series 3 Preferred Shares

Bombardier Inc. announced that as of August 1, 2017, its Series 3 Preferred Shares will pay, on a quarterly basis, as and when declared by the Board of Directors of Bombardier Inc., cash dividends for the following five years that will be based on a fixed rate equal to the product of (a) the average of the yield to maturity, designated on July 11, 2017 by National Bank Financial Inc. and Scotia Ca...

Embraer Delivers 35 Commercial and 24 Executive Jets in 2Q17

During the second quarter of 2017 (2Q17), Embraer delivered 35 jets to the commercial aviation market and 24 jets to the business aviation market, of which 16 were light jets and eight were large jets. The number of deliveries in Commercial Aviation rose roughly 35% over the same period last year. With respect to Executive Jets, the segment delivered five large jets more than in the second quar...

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