Bombardier reported that it has entered into an agreement with a syndicate of underwriters, led by Credit Suisse Securities (Canada), National Bank Financial, UBS Securities Canada and TD Securities (collectively “the Underwriters”) under which they have agreed to purchase on a bought deal basis from Bombardier 168,000,000 Class B shares (subordinate voting) of Bombardier (the
Icelandair Group’s Board of Directors has decided to execute a share repurchase program in order to reduce the share capital of the Company. This decision was made following authorisation given by the Annual General Meeting on the 3rd of March 2017, which gave the Board of Directors permission to execute a share repurchase program where
Aviation Capital Group (ACG) has announced the formation of its new Aircraft Financing Solutions (AFS) group. The AFS initiative will focus on the development and marketing of credit-enhanced financing structures that provide airline customers more alternatives and greater access to additional sources of capital for aircraft purchases, while providing improved risk-adjusted returns for lenders and
Air Asia is to sell its plane leasing operations to firms managed by BBAM Ltd. and which will see the sale of an impressive 182 Airbus jets. The initial part of the deal with one of the world’s largest aircraft portfolio managers is valued at US$1.2 billion and will assist AirAsia, the region’s largest budget
TrueNoord, the regional aircraft lessor, has closed its term loan financing facility with Nord/LB Norddeutsche Landesbank for five Embraer E190 aircraft that it purchased from BOC Aviation in January with leases attached. Pillsbury acted as legal advisers for TrueNoord throughout the transaction. This new group of five E190 aircraft operated regionally by KLM Cityhopper represents
Air Transport Services Group has posted consolidated financial results for the quarter ended December 31, 2017. Fourth quarter revenues increased US$101.3m, or 46%, to US$323.0m and revenues for all of 2017 rose 39% to US$1.1bn. ATSG’s leasing, airlines, maintenance and logistics businesses all recorded double-digit revenue increases before eliminations for the fourth quarter. Fourth quarter
The Regional Express (Rex) Group has posted its first half financial year 2018 (1H FY18) results. Rex announced a statutory Profit Before Tax (PBT) of AU$13.8m for the first half, on a turnover of AU$151m, representing a 60% improvement on its PBT compared to the prior period. Rex Executive Chairman Lim Kim Hai said, “first
AeroCentury, a global aircraft leasing company has reported that the California Department of Business Oversight has determined that the terms and conditions of the offer and sale of AeroCentury common stock in AeroCentury’s proposed Merger (the Merger) with JetFleet Holding Corp. (JHC) are fair. Consequently, the Department issued a permit authorizing AeroCentury to solicit the
IAG has reported full year performance with an operating profit of €3,015m before exceptional items, up 18.9% compared to last year. Passenger unit revenue improved 1.5% at constant currency and the Group benefited from reduced fuel costs for most of 2017 though the fuel bill started to rise in the fourth-quarter. In the fourth-quarter the
The Qantas Group has delivered its highest-ever first half Underlying Profit Before Tax of AU$976m for the six months ending 31 December 2017. The result surpasses the previous record of AU$921m achieved in the first half of FY16 and comes despite recent increases in fuel costs and continued international capacity growth. Both Underlying and Statutory
