Air Lease Corporation (the Company)amended and extended its unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent and the lenders named therein (as amended, the “Syndicated Unsecured Revolving Credit Facility”) whereby the Company extended the maturity date from May 5, 2019 to May 5, 2020 and increased total revolving commitments to US$3.13bn
Nordic Aviation Capital has completed the closing of the first ever turboprop JOLCO financing for a lessor. The aircraft, an ATR72-600, was delivered to the world’s largest turboprop lessor in May, and financed with a JOLCO arranged by FPG AIM and with the equity arranged and underwritten by FPG. The senior loan was arranged by
AerCap Holdings announced that its Board of Directors has authorized a new US$250m share repurchase program, which will run through September 30, 2016. This program is in addition to the US$400m share repurchase program announced on February 23, 2016, which runs through June 30, 2016. Repurchases under the program may be made through open market
Romanian aerospace company Aerostar S.A., has released its financial results for 2015, recording another successful year, with turnover up 21% and net profits increased by a substantial 61%. Exports represented some 77% of turnover, there was continued investment in plant and machinery and training, with employment remaining stable at just over 2000 people. During 2015
Greek flag carrier AEGEAN Airlines reported key financial and operating results for the first quarter of 2016 with consolidated revenue at €147.9m, 7% higher compared to the first quarter of 2015. Passenger traffic rose by 9% to 2m passengers, with 6% more flights, as the company invested more capacity even in the winter months, continuing
El Al reported that revenues from operations amounted in the first quarter to approx. US$397m, compared to US$420m in the First Quarter of the previous year. The Company’s revenues declined as a result of the timing of Passover and a decrease in flight ticket prices due to the competition and the drop in oil prices.
Norsk Titanium AS, a supplier of aerospace-grade, additive manufactured, structural titanium components, has closed a US$10m growth debt facility with Harbert European Growth Capital Fund I (HEGCF) as part of the company’s current aerospace production financing round. The funds will be used to further strengthen Norsk Titanium’s leadership team and operations worldwide in support of
HEICO CORPORATION reported that net income increased 17% to US$38.7m in the second quarter of fiscal 2016, up from US$33.1m in the second quarter of fiscal 2015. In the first six months of fiscal 2016, net income increased 15% to US$69.9m (after a US$.03 reduction related to nonrecurring acquisition costs incurred in the first quarter
AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, and the Henan Civil Aviation Development and Investment Company (HNCA) have signed a joint venture agreement, according to which the enterprises will establish a joint-venture aircraft leasing company. It is planned that the Henan-based JV will build and manage a fleet of narrow-body aircraft worth
Finnair signed an agreement to sell its Finnish business travel agency, SMT Oy, to American Express Global Business Travel (GBT). The transaction is expected to close during the third quarter of 2016. SMT has been a partner within the GBT network for 27 years. As one company, SMT and GBT will strengthen the service provided
