Centerbridge Partners, L.P. and Reservoir Capital Group, L.L.C. have agreed to acquire a minority stake in Amedeo Capital Limited (Amedeo) as part of their continued investment strategy in the aviation industry. Amedeo will acquire the U.S. management subsidiary of Intrepid Aviation Holdings Group (Intrepid) and will make a minority investment in Intrepid as part of
Singapore Technologies Engineering (ST Engineering) has announced the divestment of 25% equity interest in its indirect associates, Airbus Helicopters South East Asia (AHSA) to the joint venture partner, Airbus Helicopters SAS (Airbus Helicopters) of France. The consideration for the 25% stake is €9.125 million (approximately S$14 million) which will be paid wholly in cash. AHSA
The closing of the previously announced C Series transaction between Airbus SAS, a wholly-owned subsidiary of Airbus SE, Bombardier and Investissement Québec came into effect on July 1, 2018. Airbus now owns a 50.01% majority stake in C Series Aircraft Limited Partnership (CSALP), while Bombardier and Investissement Québec (acting as mandatory for the government of
GECAS and Oz Management have announced the closing of STARR 2018-1. Operating as START Ltd., this closing marks the first aircraft portfolio purchase vehicle structure to include a dedicated Asset Manager for equity investors. In this transaction GECAS is selling a portfolio of aircraft to Start Ltd, which is financing its acquisition through issuance of
TUI successfully issued a certificate of indebtedness with tenors of five, seven and ten years including fixed and floating rate tranches. The average tenor of the transaction amounts to 6.4 years. Due to very strong investor demand the initially announced volume of €200 million was significantly oversubscribed and TUI decided to upsize the deal to
PPG has begun preliminary windshield design work for the Antonov AN-132 multipurpose transport plane, following the execution of a memorandum of understanding. “PPG looks forward to working with Antonov to complete the windshield design for the AN-132 aircraft using innovative technology that offers reliable performance,” said Brent Wright, PPG global director, aerospace transparencies. “This is
The Public Sector Pension Investment Board (PSP Investments) and ATL Partners (ATL) have announced that their jointly owned portfolio company, Sky Aviation Leasing International (SKY Leasing), has entered into a definitive agreement to sell Sky Aviation Leasing International (SALI), an Irish subsidiary of SKY Leasing, to Goshawk Aviation (Goshawk), an aircraft leasing company owned by
Bombardier will reinforce its partnership with the Downsview Aerospace Innovation and Research Consortium (DAIR) to establish an aerospace hub in Toronto’s Downsview area. Through a multi-million dollar contribution, Bombardier will focus on three main goals: supporting DAIR’s academic and research activities, supporting DAIR’s operations, and preserving the aerospace heritage of the site. Starting this year,
American Airlines Group (American), one of four U.S. carriers subject to an antitrust lawsuit over collusion to limit plane capacity and in so doing, driving up domestic airfares, has agreed to pay US$45 million to draw matters to a close. The carrier has admitted no wrongdoing and American’s spokesman Matt Miller advised that the carrier
At the British-Irish Airports Expo in London, London Gatwick Airport’s Chief Executive, Stewart Wingate, announced a new five-year Capital Investment Plan (CIP) for Gatwick Airport which will see an investment of £1.1bn over a five-year period, with £266m already earmarked for 2018/2019 alone. Gatwick sees continued growth in the long-haul market, predicting passenger numbers increasing
