Avolon, the international aircraft leasing company, has released that Sapphire Aviation Finance I Limited and Sapphire Aviation Finance I (US) LLC (collectively the “Issuers“ or “SAPA 2018-1”), newly established special purpose companies, closed a total of US$768.4m of Fixed Rate Secured Notes (the “Issue”). The Issue comprised of US$633m of 4.250% Series A Fixed Rate
Elbit Systems is in the process of completing the acquisition of Universal Avionics through an asset acquisition agreement. The parties have received the applicable government approvals and the closing is anticipated to occur in the coming weeks. Under the ownership of Elbit Systems, Universal Avionics will become a wholly-owned subsidiary. Universal Avionics is a manufacturer
On March 20, Norwegian has announced a contemplated private placement of shares with gross proceeds of up to NOK 1,300 million by issuing new ordinary shares in the Company. Additional capital will boost competitiveness and protect existing and future investments in a market characterized by higher oil prices and fluctuating currencies. The company is now
Lufthansa Technik AG has maintained its growth course in 2017. With a new revenue record and the best sales result in the company’s history, investments were raised once again and the final result was a slight improvement over the previous year. Sales revenue grew significantly, increasing by €260m from the previous year’s €5.144bn to €5.404bn
The Fraport Group has reported a successful 2017 fiscal year (ending December 31), in which revenue and earnings targets were fully reached. Supported by significant traffic growth at all of the Group’s airports, revenue climbed by almost 13.5% to €2.93bn. A major revenue contribution from the Greek airports (which Fraport began operating in 2017) boosted
Total revenues for the Lufthansa Group in 2017 amounted to €35.6 billion, a 12.4 percent increase compared to 2016. The Adjusted EBIT of €2.97 billion was a substantial 69.7 percent year-on-year improvement. An 8.4 percent Adjusted EBIT margin was up 2.9 percentage points compared to 2016. EBIT for 2017 increased more than €1 billion to
MTU Maintenance, the MRO division of MTU Aero Engines AG, has secured over US$3.7bn in contract wins in 2017, an impressive US$1.5bn more than in 2016, making 2017 the most successful year of the company in its history yet. In addition to significant contract wins, the MTU Maintenance network of facilities carried out over 1,000
Independent aircraft leasing company AeroCentury has announced that shareholders of JetFleet Holding Corp. (JHC) have approved the acquisition of JHC by the Company pursuant to the terms of the definitive Agreement and Plan of Merger (Merger Agreement) between the Company and JHC. JHC is the parent of JetFleet Management Corp. (JMC), which has managed the
The Cathay Pacific Group reported an attributable profit of HK$792m in the second half of 2017, compared to an attributable loss of HK$2,051m in the first half of 2017 and an attributable loss of HK$928m in the second half of 2016. Cathay Pacific and Cathay Dragon reported an attributable loss of HK$1,538m in the second
BOC Aviation has announced its audited financial results for the full year ended December 31, 2017. Total revenues and other income rose 17% year-on-year, to US$1,401m. Net profit after tax was US$587m, an increase of 40% over 2016. Total assets increased 19% year-on-year, to US$16bn at December 31, 2017. BOC Aviation raised US$2.9bn in total
