7 May 2018

Under the EU Merger Regulation, the European Commission has approved the acquisition of Rockwell Collins by United Technologies Corporation (UTC) subject to UTC’s divestment of businesses in actuators, pilot controls, ice protection and oxygen systems. The Commission concluded that the proposed transaction, as modified by the commitments, would no longer raise competition concerns in the …

European Commission gives green light to UTC acquisition of Rockwell Collins Read More »

Aircastle has reported that net income for the quarter was US$57.5m, an increase of US$15.1m, or 36%, versus the prior year. Lower total revenues of US$2.4m were offset by interest expense of US$6.0m, lower depreciation of US$4.2m and a mark to market benefit from interest rate hedging of US$3.2m. Total revenues were US$202.7m, a decrease …

Aircastle posts first quarter 2018 net income of US$57.5m Read More »

Safran has reported adjusted revenue in the first-quarter of 2018 was €4,222m, an increase of 12.0% on a reported basis. At constant scope (excluding the contribution from Zodiac Aerospace), adjusted revenue grew 2.3%, including €-295m negative currency impact. Adjusted revenue increased 10.2% organically, thanks to positive momentum in Propulsion, Aircraft Equipment and Defense. Civil aftermarket …

Safran reports strong first quarter results Read More »

Low-cost carrier Norwegian has released that its Board has rejected two offers from IAG in relation to an acquisition of 100% of the share capital of NAS, stating they undervalued the carrier. When IAG acquired a 4.61% stake in Norwegian last month in order to open negotiations, Norwegian initially made it abundantly clear it had …

Norwegian rejects take-over offer from IAG Read More »