CityJet reported the acquisition of Cimber A/S, the Copenhagen-based subsidiary of SAS (Scandinavian Airlines) and has won a major six year wet lease contract from SAS to operate regional services from Copenhagen, Denmark. CityJet’s current wet lease contract with SAS will increase from three years to six years and the Irish airline has also placed
Aviation Capital Group, the commercial aircraft leasing subsidiary of Pacific Life Insurance Company, has closed the sale of US$1bn of 2.875% unsecured senior notes due January 20, 2022 at a price of 99.364% of par. Proceeds from the Notes will be used for general corporate purposes, including repayment of existing indebtedness. The Notes are not
Rockwell Collins reported sales for the first quarter of fiscal year 2017 of US$1.2bn, a 2% increase from the same period in fiscal year 2016. First quarter fiscal year 2017 earnings per share from continuing operations increased to US$1.10 compared to US$1.00 in the prior year. Earnings per share from continuing operations for the first
Accenture (ACN) has entered into an agreement to acquire the corporate advisory and aviation consulting businesses of Seabury Group, a New York-based professional services firm focused on the aviation industry. The combination of Seabury’s corporate advisory and consulting businesses, together with Accenture’s global capabilities, will help the world’s leading airlines accelerate the pace of digital
Safran, an international high-technology group and tier-1 supplier of engines, systems and equipment in its core markets of Aerospace, Defense and Security, and Zodiac Aerospace a global leader in Aerosafety, Aircraft systems, Seats and Cabins, have entered into exclusive negotiations for an acquisition of Zodiac Aerospace by Safran through an agreed public offer of €29.47
For the fourth quarter of 2016, total revenue was US$9.1bn, an increase of 0.2% year-over-year. Fourth-quarter 2016 consolidated passenger revenue per available seat mile (PRASM) decreased 1.6% and consolidated yield decreased 1.2% compared to the fourth quarter of 2015. This outperformance versus the company’s initial guidance was due to stronger close-in bookings and yields in
Delta Air Lines (DAL) reported financial results for the December quarter and full year 2016. Adjusted pre-tax income for the December 2016 quarter was US$923m, a US$524m decrease from the December 2015 quarter, primarily driven by the new pilot agreement. For the full year, adjusted pre-tax income increased 4% year over year to US$6.1bn. Delta’s
GE Additive business will collaborate with GE Capital to sell and finance metal additive machines. Manufacturing companies will now have more ways to access transformative 3D printing technology, spurring growth in several critical industrial markets including medical, aerospace, automotive and machining. GE Capital will develop a range of customized financial solutions for its customers. These
Rockwell Collins has acquired Pulse.Aero, a UK-based company specializing in self-service bag drop solutions and airline applications, to enhance the company’s passenger processing services for airports and airlines. This acquisition further expands Rockwell Collins’ Information Management Services (IMS) strategy to enable the connected aviation ecosystem. “This acquisition expands our already strong passenger processing offerings beyond
Air Transport Services Group said its subsidiary, Airborne Maintenance and Engineering Services, has acquired PEMCO World Air Services, a privately held provider of outsourced heavy maintenance, repair and overhaul (MRO) aircraft services and passenger-to-freighter aircraft conversions based in Tampa, FL. The company did not assume any PEMCO debt in connection with the acquisition. This acquisition
