Air Partner, the global aviation services group, has released a trading statement ahead of its scheduled update on February 1st, and its financial year ending on January 31, 2018. Air Partner reported that it has had a good second half, driven by continued performance across all product lines within the Broking division, including strong results
Ethiopian Airlines has finalized shareholders agreement with the Government of Zambia for the re-launch of Zambia Airways. The Government of Zambia will be the majority shareholder with 55% and Ethiopian will have a 45% stake in the airline. The airline is meant to initially serve national and regional destinations before embarking on international flights. Tewolde
DAE Capital, Dubai Aerospace Enterprise’s leasing division, has reported the creation of DAE Aircraft Investor Services (DAE-AIS), a separate unit dedicated to servicing the needs of debt and equity investors in aviation assets. DAE-AIS will leverage DAE’s full service, global platform to provide bespoke asset management solutions to investors in aviation assets, provide investors a
Rockwell Collins’ shareowners overwhelmingly approved the proposed acquisition of Rockwell Collins by United Technologies Corp. More than 96% of all votes cast, representing more than 72% of all shares of common stock outstanding on the record date for the special meeting, were in favor of the transaction. Upon satisfaction of required regulatory and other customary
Delta Air Lines has reported financial results for the December quarter 2017. Adjusted pre-tax income for the December 2017 quarter was US$1.0bn, despite a US$60m impact from the combination of December’s power outage at Atlanta’s Hartsfield-Jackson Airport and Winter Storm Benji. For the full year, adjusted pre-tax income was US$5.5bn, a US$621m decrease relative to
Singapore Technologies Engineering (ST Engineering) has released that its aerospace arm Singapore Technologies Aerospace (ST Aerospace), through its subsidiary ST Aerospace Engines (STA Engines) has injected its proportional share of US$1.47m (approximately S$1.96m) into the capital of its 50%-jointly controlled company, Total Engine Asset Management (TEAM). This injection will support the expansion of ST Aerospace’s
SIAEC Group has recorded a profit attributable to owners of the parent of SG$74.3mi or the half year ended 30 September 2017. The results for the same period last year included a gain from the divestment of the Group’s 10% stake in Hong Kong Aero Engine Services Ltd (HAESL) to RollsRoyce Overseas Holdings Limited (RROH)
The global Total Technical Care maintenance and asset management organisation, Magnetic MRO, together with existing shareholders, including majority shareholder BaltCap, have agreed to sell 100% of shares in Magnetic MRO to Guangzhou Hangxin Aviation Technology (Hangxin.) According to Magnetic MRO CEO Risto Mäeots, “Magnetic MRO management has been actively looking for opportunities to expand into
The global Total Technical Care maintenance and asset management organisation, Magnetic MRO, together with existing shareholders, including majority shareholder BaltCap, have agreed to sell 100% of shares in Magnetic MRO to Guangzhou Hangxin Aviation Technology (Hangxin.) According to Magnetic MRO CEO Risto Mäeots, “Magnetic MRO management has been actively looking for opportunities to expand into
Socomore has reported the acquisition of Sea to Sky Innovations. Sea to Sky is especially oriented towards water based paint strippers for aviation and infrastructure. The company’s manufacturing facility and headquarters are based in Burnaby near Vancouver, BC with sales offices in Asia and Europe. Frederic Lescure, CEO of Socomore said: “We are pleased to
