Comparing itself to the French government which holds a 14.3% stake in Air France, the Italian Deputy Prime Minister, Luigi Di Maio has indicated the Italian government may take as much as a 15% stake in a relaunched Alitalia. The flag-carrying airline was put under special administration and ceased operations last year after it’s major
FLYHT Aerospace Solutions has acquired the asset of Panasonic Weather Solutions (PWS), based in Littleton, Colorado, from Panasonic Avionic Corporation (PAC). Currently serving more than a dozen airlines in North America, Europe and Southeast Asia, PWS provides Iridium satellite communications systems, aircraft tracking and alerting, the FlightLink™ Iridium Satellite Data Unit, and Tropospheric Airborne Meteorological
BOC Aviation has signed a US$750 million unsecured syndicated loan facility with a tenor of five years. Following a strong response from lenders after its launch into general syndication, the Facility was increased to a final size of US$750 million from an initial launch amount of US$500 million. The Facility is BOC Aviation’s largest single
Zephyrus Aviation Capital, a fleet management solutions provider focused on older and end-of-life aircraft and engine leasing & trading, has closed the Company’s first structured ABS financing, ZCAP 2018-1. Zephyrus Capital Aviation Partners 2018-1 Ltd and Zephyrus Capital Aviation Partners 2018-1 LLC (the Borrowers) will borrow US$336.6 million, which will be used to finance the
Boeing has completed the acquisition of KLX Aerospace Solutions (KLX), a leading aerospace parts distributor, thus strengthening its position within the 10-year aerospace market which is projected to have a value of US$2.8 trillion. KLX, a major global provider of aviation parts and services in the aerospace industry, has a strong distribution and supply chain,
Environmental Tectonics Corporation has released its financial results for the thirteen week period ended August 24, 2018 (2019 second quarter). Net income attributable to ETC was US$0.4 million in both the 2019 second quarter and the 2018 second quarter. Although most items contributing to net income attributable to ETC remained flat quarter over quarter, there
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has successfully closed a secured portfolio financing facility for US$700 million, covering a fleet of 19 Airbus and Boeing aircraft. “Diversifying financing sources at a competitive cost of capital is a key objective for CDB Aviation, and we appreciate the
Héroux-Devtek a leading international manufacturer of aerospace products, has successfully completed the acquisition of Compañia Española de Sistemas Aeronáuticos, S.A. (CESA), a subsidiary of Airbus SE for a purchase price of €137 million (approximately CA$206 million) enterprise value, including CESA’s net outstanding debt of €23 million euros (approximately CA$35 million), subject to customary closing adjustments.
Smiths Group has entered into an agreement to acquire United Flexible, a provider of flexible and rigid engineered solutions for the transfer of fluids and gases in performance-critical environments, from Arlington Capital Partners for an enterprise value of US$345 million. United Flexible will be integrated into the Group’s Flex-Tek division. The acquisition strengthens Flex-Tek’s positions
Dubai Aerospace Enterprise (DAE) has successfully closed its US$800 million revolving loan facility, which was launched in May of this year. The credit facility, initially launched for an amount of US$480 million, attracted the appetite from a broad group of banks and achieved substantial oversubscriptions. Al Ahli Bank of Kuwait (ABK) serves as the Coordinating
