Finnair has secured financing, arranged by BNP Paribas, for its fifth Airbus A350-900 XWB, which was delivered on April 29, 2016. The transaction amounts to approximately €128m, implemented using a Japanese Operating Lease with Call Option (JOLCO) structure. “This transaction represents yet another successful A350-900 financing for Finnair, and the third we have done using
Gogo reported the commencement of a private offering of US$500m aggregate principal amount of senior secured notes due 2022 to be issued by its direct wholly owned subsidiary, Gogo Intermediate Holdings (the Issuer), and its indirect wholly owned subsidiary, Gogo Finance. The Notes will be guaranteed on a senior secured basis by Gogo Inc. and
FLY is reporting net income for the first quarter of 2016 of US$7.1m, compared to net income of US$19.9m for the same period in 2015. The first quarter 2015 results include US$21.9m of end of lease revenue, whereas there was only US$3.2m of end of lease revenue in the first quarter of 2016. Adjusted net
AerCap Holdings N.V. released that AerCap Ireland Capital Limited and AerCap Global Aviation Trust (together, the “Issuers”), each a wholly-owned subsidiary of the Company, priced their previously announced offering of senior notes, consisting of US$1.0bn aggregate principal amount of 3.95% Senior Notes due 2022 (the “Notes”). The Notes will be fully and unconditionally guaranteed on
Elbit Systems, the international high technology company, reported its consolidated results for the quarter ended March 31st, 2016. Revenues in the first quarter of 2016 were US$721.2m, as compared to US$706.6m in the first quarter of 2015. Non-GAAP gross profit amounted to US$220.1m (30.5% of revenues) in the first quarter of 2016, as compared to
Singapore Airlines Group reported a net profit of S$804m in the 2015-16 financial year, a S$436m improvement over the net profit recorded in the last financial year (+118.5%). Group operating profit increased S$271m (+66.1%) year-on-year to S$681m. Dividends received from long-term investments were higher (+S$102m), while the Group’s share of losses of associated companies were
Singapore Technologies Engineering (ST Engineering) announced financial results for its first quarter ended March 31, 2016 (1Q2016). Group revenue was S$1.63bn 8% higher than a year before, with higher sales from the Aerospace and Electronics sectors. Quarterly profit before tax (PBT) for the Group was S$130.4m, down 13% from S$150.5m, and quarterly net profit after
During the first three months of 2016, DVB Bank generated consolidated net income before taxes of €25.9m compared to €84.3m in the first quarter 2015. DVB originated 27 new transactions in its core Transport Finance business, with an aggregate volume of €1.2bn (Q1 2015: 51 new transactions with a total volume of €1.7bn). Whilst the
Finnair reported that revenue grew by 2.9% in the first quarter of 2016 to €536.4m (2015 €521.3m). Operating result was €-15.3m (2015 €-28.4m). EBITDAR was €36.4m (2015 €19.2m). Net cash flow from operating activities stood at €10.4m (2015 €13.0m), and net cash flow from investing activities totalled €-247.3m (2015 €142.8).
Transat A.T., one of the worlds largest integrated tourism companies and Canada’s holiday travel leader, has received a firm offer from TUI AG to purchase its Transat France and Tourgreece tour operating business units for an enterprise value of €54.5m, subject to working capital adjustments at closing. On that basis, Transat has granted exclusivity to
