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
Lufthansa Technik AG has entered into a strategic partnership with the aviation data and records management software provider FLYdocs. As part of this agreement, Lufthansa Technik has become shareholder in the FLYdocs business, replacing the Private Equity partner GCP. FLYdocs will remain an independent entity that continues to drive the digitalization of paper-based processes under
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
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
