Melrose has declared a “final” offer of £8.1 billion for UK engineering giant GKN as a culmination of its efforts to acquire the company which started back in January. GKN has strongly urged its shareholders to reject the offer from Melrose, with the backing of Unite, Britain’s largest trade union. Melrose is seen by its
The HAECO Group has reported an attributable loss of HK$541m in 2017. This loss included an impairment charge of HK$625m in respect of the goodwill attributable to HAECO USA Holdings, Inc. (HAECO Americas) and a write off of HK$249m in respect of HAECO Americas’ net deferred tax assets. This compares with a profit of HK$975m
FPG Amentum, the Dublin-based aircraft leasing/management company, has announced the sale of one Boeing 747-400ERF (MSN 37303). The aircraft was on an operating lease to Cargolux Airlines International S.A. from one of FPG Amentum’s investor customers and has now been sold to the airline.
During 4Q17, Embraer has delivered 23 commercial and 50 executive aircraft (32 light jets and 18 large jets), for a total of 101 commercial and 109 executive aircraft (72 light and 37 large) delivered in 2017, meeting the Company’s 2017 Guidance for aircraft deliveries. This compares with a total of 32 commercial jets and 43
Airbus has finalised the sale of Plant Holdings, which holds the Airbus DS Communications business, to Motorola Solutions, after receiving the required regulatory approvals. This divestment is part of the portfolio reshaping within the Airbus Defence and Space Division announced in September 2014. Airbus DS Communications is a leading provider in North America of command
Rolls-Royce has announced that its Civil Aerospace segment posted underlying revenue of £8,023m and underlying operating profit of £520m for full year 2017. The company reported underlying revenue and underlying operating profit growth of 12% and 34% respectively, driven by 35% increase in large engine delivery volumes and a 12% increase in invoiced flying hours.
Independent aircraft leasing company AeroCentury Corp., has reported fourth quarter earnings of US$6.02m, compared to US$385,000 in the third quarter of 2017 and a loss of US$40,000 in the fourth quarter of 2016. Fourth quarter 2017 results included a US$5.4m tax benefit from the revaluation of the Company’s deferred tax liability caused by of the
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
