Nordic Aviation Capital (NAC) is to acquire Irish aviation leasing company Aldus Aviation Limited (Aldus), the Shannon-based specialist in Embraer E-Jet operating leases. Founded in 2008, the business has steadily expanded and today manages a fleet of 30 E-Jet aircraft, operating with airlines around the world. Aldus is a good fit for NAC, the world’s
Avcorp Industries reported its annual financial results for the year ended December 31, 2015. During the year ended December 31, 2015 Avcorp Group revenues totaled CAD$79,925,000 as compared to CAD$67,104,000 revenue for the previous year; a strong 19% annual revenue increase for 2015 as compared to 2014. Both commercial and defence programs, for all customers,
Atlas Air Worldwide Holdings has completed its acquisition of privately held Southern Air Holdings, a premier provider of intercontinental and domestic CMI (crew, maintenance and insurance) services, in an immediately accretive transaction for cash consideration of approximately US$110m, subject to customary adjustments. The company did not assume any debt in connection with the acquisition. The
AerCap Holdings has completed the closing of a new US$0.7bn secured credit facility. The facility will primarily be used to acquire new narrowbody and widebody aircraft as they deliver from Boeing and Airbus through the end of 2016. The facility was signed to finance a portfolio of 9 aircraft and has a maturity date of
Dubai Aerospace Enterprise (DAE) reported net income for 2015 of US$610.4m (AED2,243m), an increase of 283% from US$159.5m (AED586m) in 2014. Revenue for full year 2015 increased to US$408.0m (AED1,499m) from US$389.5m (AED1,431m) for full year 2014. Revenues for 2014 are restated to exclude the results of StandardAero, which was sold in July 2015. DAE
LATAM Airlines Group closed a 3-year senior secured revolving credit facility (“RCF” or, the “Facility”) in the amount of US$275m. This transaction is in line with the Company’s focus on maintaining adequate levels of liquidity considering the current volatile market conditions. The use of proceeds will be for general corporate purposes and to boost the
For the year ended 31st December 2015, the Virgin Atlantic Group is reporting a profit before tax and exceptional items of £22.5m. This represents an improvement of £10.1m on the previous year’s result when adjusted for IFRS reporting and is driven by growth at both Virgin Atlantic and Virgin Holidays. Virgin Holidays performed strongly and
Fort Worth-based Novaria Group announced the acquisition of substantially all the assets of Ferco Tech, L&E Engineering, and GGF Manufacturing. The three business units, collectively operating as Ferco Aerospace, supply the world’s largest aircraft engine manufacturers with high-strength and temperature-resistant brackets, tube assemblies, and other exotic metal fabrications. These acquisitions are highly complementary to Novaria’s
AAR reported third quarter fiscal year 2016 consolidated sales of US$402.8m and income from continuing operations of US$10.7m. Third quarter results from continuing operations include an approximate US$1.6m reduction in income tax expense. For the third quarter of the prior fiscal year, the Company reported sales of US$380.1m and income from continuing operations of US$1.9m.
El Al concluded 2015 with a net profit of approx. US$106.5m, compared to a loss of approx. US$-28m in the last year. Profit before tax amounted to approx. US$144.6m compared to a loss before tax of approx. US$-38m in 2014. Revenues in 2015 amounted to approx. US$2.054bn, compared to US$2.081m in 2014. Operation costs decreased
