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Financial

FLY Leasing closes $250m aircraft acquisition facility

FLY Leasing, a leading global lessor of modern commercial jet aircraft, has closed a new $250m warehouse facility to support its ongoing acquisition of aircraft. The facility has a two-year draw down period followed by a three-year term period, maturing in November 2017. Deutsche Bank AG, Citigroup Global Markets, Morgan Stanley Senior Funding, Inc., RBC

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Air Canada reports third quarter net income of $429m

Air Canada reported earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (EBITDAR), before the impact of certain benefit plan amendments, of $554m in the third quarter of 2012 compared to EBITDAR of $535m in the third quarter of 2011, an increase of $19m. Including the favourable impact of benefit plan amendments, EBITDAR

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Vueling doubles net profit in third quarter 2012

Vueling made an operating profit of €50.1m in the third quarter of 2012, an improvement of 22% compared to the same period of last year. The operating profit (EBIT) rose by 12% on last year to €68.2m. For the period from January to September, the net profit amounted to €41.3m, an increase of 93%. Vueling’s

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Bombardier Aerospace reports third quarter results

Bombardier Aerospace’s revenues totalled $2.3bn, the same level as last fiscal year. EBIT totalled $123m translating into an EBIT margin of 5.4% for the third quarter ended September 30, 2012, compared to $129m, or 5.6%, last fiscal year. Free cash flow usage totalled $68m compared to a free cash flow of $53m for the corresponding

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WestJet reports third quarter net earnings of $71m, up 80%

WestJet announced third quarter net earnings of $70.6m, up from the net earnings of $39.3m reported in the third quarter of 2011. These financial results mark WestJet’s 30th consecutive quarter of profitability. Based on the trailing twelve months, the airline achieved a return on invested capital of 12.7%, up from the 11.4% reported last quarter.

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Willis Lease Finance reports third quarter 2012 results

Willis Lease Finance Corporation reported that following a $15.4m charge for extinguishment of debt and derivatives termination, it lost $8.0m in the third quarter of 2012. In the second quarter of 2012, net income available to common shareholders was $2.4m and $1.5m in the third quarter a year ago. In the first nine months of

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Aircastle posts third quarter net loss of $45.8m

Aircastle reported a third quarter 2012 net loss of $45.8m and an adjusted net loss of $37.5m. The third quarter results included total revenues of $172.9m, an increase of 22%, versus $141.5m in the third quarter of 2011. The third quarter 2012 results also include $78.7m of non-cash impairment charges against 15 older technology aircraft,

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Astronics Corporation reports 22% revenue growth in third quarter 2012

Astronics Corporation reported consolidated sales for the third quarter of 2012 increased by 22.2% to $68.9m, including $4.1m associated with acquisitions, compared with $56.4m for the same period last year. Aerospace sales increased by $12.3m and Test Systems sales increased by $0.2m. Consolidated sales for the first nine months of 2012 increased by 19.2% to

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SIA Engineering Group posts profit of $137.2m for 1st half 2012-13

SIAEC Group recorded a profit attributable to owners of the parent of $137.2m for the first half ended 30 September 2012, a decrease of $2.1m or 1.5%. Profit in the same period last year included a write-back of tax provision of $3.1m. Share of profits from associated and joint venture companies increased $1.1m or 1.4%

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