Financial

LORD Corporation announced has completed the acquisition of Fly-by-Wire Systems France (FbW). Based in Saint-Vallier, France, FbW designs and manufactures cockpit controls, sensors, dampers and electromechanical actuators primarily for fly-by-wire systems on commercial fixed-wing aircraft. LORD announced its intentions to acquire FbW in March pending necessary governmental approvals and closing actions by both parties. FbW

In September 2013, SAS sold 80% of the shares in Widerøe AS (Widerøe) to WF Holding AS (WF Holding), an investment company controlled by Torghatten ASA. At the same time SAS informed that the remaining shares would be divested during 2016. SAS has now together with the WF Holding agreed to sell the remaining holding

Aircastle Limited has entered into a new US$400.5m term facility secured by 17 aircraft. The facility has a maturity of seven years and includes an accordion feature allowing for US$67.5m in additional future funding. Funding of the facility will take place through several draw-downs, with the first one, for US$167.3m, having taken place on June

TransDigm Group Incorporated (TDG) has completed the acquisition of ILC Holdings, the parent company of Data Device Corporation, from Behrman Capital for a total purchase price of US$1.0bn in cash. TransDigm financed the acquisition with cash proceeds from the recently completed term loan and notes offerings. The acquisition of DDC was previously announced on May

On 22 June 2016, Finnair Plc signed a binding €175m syndicated revolving credit facility for general corporate purposes. The coordinator and bookrunner for the facility is Skandinaviska Enskilda Banken AB (publ). Danske Bank, Nordea Bank, OP Corporate Bank and Swedbank AB (publ) also joined with equal tickets. The loan replaces a syndicated revolving credit facility

Bombardier has reached a definitive agreement for the sale of its Amphibious Aircraft program to British Columbia-based Viking Air Limited. The agreement covers the Type Certificates for all variants of the aircraft, the CL-215, the CL-215T and the Bombardier 415 aircraft as well as after-market services. The completion of this transaction is subject to the

Liebherr’s total turnover in 2015 was €9,237m, the highest figure in the Group’s history and an increase of €414m or 4.7% compared with the previous year. In 2015 the Liebherr Group recorded a surplus of €294m, €22m below the 2014 figure. The operating result was slightly above the previous year’s level. The financial result was

Burnham Sterling & Co., a financial advisor specializing in asset financing, has closed a US$450m private placement for the world’s second largest airline, Delta Air Lines. Burnham Sterling and affiliates have now financed 48 mainline aircraft and raised over US$1bn in private placement transactions directly for Delta Air Lines.

EL Al reported revenues of US$396.5m as compared to US$419.8m during the parallel period last year. Net loss amounted to US$21.4m, while a loss of US$16 million dollars was recorded in the same period in 2015. Cash reserves at the end of the quarter totaled US$210.5m as compared to US$143m last year, and cash flow