Braathens Aviation has successfully completed a SEK 300m senior unsecured bond issue in the Nordic bond market with maturity in March 2018. The bond carries an interest of 3-month STIBOR plus 5.75%. An application will be made for the bonds to be listed on the Oslo ABM. The proceeds from the bond issue will be […]
Braathens Aviation successfully completes bond issue Read More »
Willis Lease Finance Corporation reported that following a $15.5m pre-tax charge for extinguishment of debt and derivatives termination and a $2.8m charge related to the redemption of its preferred stock at par value, it lost $3.8m in 2012, compared to earnings of $11.4m in 2011. In the fourth quarter of 2012, net income was $2.2m
Willis Lease Finance earns net income of $2. 2m in fourth quarter of 2012 Read More »
American Airlines, the principal operating subsidiary of AMR Corporation, reported the closing of its private offering of two tranches of enhanced equipment trust certificates (the “Certificates”) in the aggregate face amount of $663,378,000. The Certificates are comprised of a senior tranche of Class A Certificates with an interest rate of 4.000% per annum and a
American Airlines closes private offering of enhanced equipment trust certificates Read More »
Pratt & Whitney, together with its U.S. Air Force partner at the F119 Heavy Maintenance Center (HMC) at Tinker Air Force Base, Okla., celebrated another significant milestone in the F119 program – the completion of the first depot overhaul for the lead-the-fleet “Compass Vector” engine which powers the F-22 Raptor. The F119 HMC is an
Pratt & Whitney, U.S. Air Force complete first depot overhaul of an F119 engine Read More »
WheelTug announced the execution of another Slot Purchase Agreement with an undisclosed Boeing 737NG operator. With 135 new reservations the backlog of WheelTug Aircraft Drive Systems system grows to nearly four hundred fifty delivery slots already reserved by eight airlines with many others currently under discussions. The WheelTug electric drive system uses high-performance electric motors,
WheelTug backlog adds additional 135 Boeing 737NG aircraft Read More »
During the 4th quarter of 2012 (4Q12), Embraer delivered 23 commercial and 53 executive aircraft and ended the year with total deliveries of 106 commercial and 99 executive aircraft (77 light jets and 22 large jets). As a consequence, 2012 revenues totaled US$6,177.9m, in line with the annual revenue guidance range of US$ 5.8 to
Embraer reports net income of US$347.8m for 2012 Read More »
Boeing (BA) has received approval from the U.S. Federal Aviation Administration (FAA) of the company’s plan to test and certify improvements to the 787’s battery system. Successful completion of each step within the plan will result in the FAA’s approval to resume commercial 787 flights. “Our top priority is the integrity of our products and
Boeing receives FAA approval of certification plan for 787 battery solution Read More »
