27 January 2015

Porter Aviation sells Billy Bishop Toronto City Airport passenger terminal

Porter Aviation Holdings has completed the sale of its passenger terminal at Billy Bishop Toronto City Airport (BBTCA) to Nieuport Aviation Infrastructure Partners GP (Nieuport Aviation), a consortium of Canadian and international infrastructure equity investors. Nieuport Aviation comprises InstarAGF Asset Management Inc. (InstarAGF), Kilmer Van Nostrand Co. Limited, Partners Group, and institutional investors advised by […]

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Latest IAG offer recommended by Board of Aer Lingus

The board of Aer Lingus has recommended acceptance of an increased €1.36bn (US$1.5bn) takeover offer from IAG, who are now left with the problem of allaying any concerns the Irish Government may have in order to gain their approval. “IAG recognises the importance of direct air services and air route connectivity for investment and tourism

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Inauguration of Safran Tech, Safran's new Research & Technology Center

On January 27th, Safran’s new Research & Technology Center, Safran Tech, was inaugurated at France’s leading science and technology cluster, in Saclay, near Paris. Safran Tech will eventually house some 300 scientists and engineers dedicated to research on key disciplines for all of Safran’s business sectors. Safran Tech reflects Safran’s corporate strategy of intensifying and

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CAE to acquire Bombardier’s Military Aviation Training unit

CAE and Bombardier have signed an agreement for CAE’s acquisition of Bombardier’s Military Aviation Training business for approximately CA$19.8m. The closing of the transaction is conditional on usual conditions and regulatory approvals, and if those are obtained closing is expected to occur during 2015. This move significantly enhances CAE’s core capabilities as a training systems

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Aerodynamics names F. Darrell Richardson as new President, CEO & Chairman

Aerodynamics, a leader in full-service shuttle operations and tailored corporate flight solutions, is pleased to announce that Mr. F. Darrell Richardson will lead ADI as the new CEO, President and Chairman of the company. Darrell Richardson is a seasoned and accomplished aviation professional with over forty five years of experience. In his previous aviation positions

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American Airlines Group reports record fourth quarter net income of US$597m

For the fourth quarter 2014, American Airlines Group reported a record GAAP net profit of US$597m. This compares to a GAAP net loss of US$2.0bn in the fourth quarter 2013, which includes the results for US Airways only for the period from the completion of the merger on December 9th, 2013, through December 31st, 2013.

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Aircastle announces increase in Bank Revolving Credit Facility to US$600m

Aircastle increased the size of its existing unsecured revolving credit facility with Citibank, N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank N.A. and Royal Bank of Canada, as joint lead arrangers, Citibank, N.A. as agent; and Citibank, N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank N.A., Royal Bank of Canada, Credit Agricole Corporate

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