HEICO Corporation has announced that its Electronic Technologies Group has entered into an agreement to acquire Robertson Fuel Systems, from affiliates of American Securities for US$255m in cash to be paid at closing, subject to typical postclosing adjustments. The transaction is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions.
Three years after the opening of the Accessory Repair Center (A.R.C.), MTU Maintenance Canada, is satisfied with the development of its business for accessory repair and Line Replaceable Unit (LRU) management. The company, an affiliate of one of the leading engine maintenance providers, has managed to increase revenues by 48% to US$40m since 2012 and
SAS’s operating income was SEK2,225m (153) for the fiscal year 2014/2015 and income before tax and nonrecurring items totaled SEK1,174m (-697). Income before tax amounted to SEK1,417m (-918) and income after tax was SEK956m (-719). The tax expense was SEK-461m (199) and included impairment of deferred tax assets in Blue1 of SEK-83m following the sale
HEICO CORPORATION reported that net income increased 19% to US$38.3m in the fourth quarter of fiscal 2015, up from US$32.1m in the fourth quarter of fiscal 2014. Net income in the fourth quarter of fiscal 2014 includes a benefit of approximately US$1.7m, from a net reduction in accrued contingent consideration and impairment losses related to
The Boeing board of directors has raised the company’s authorization for its share repurchase program to US$14bn and declared that the company’s quarterly dividend will increase 20% to $1.09 per share. The new US$14bn repurchase authorization replaces the US$12bn authorization approved last December, of which US$5.25bn remained. Share repurchases for 2015 have been completed for
Morten Beyer & Agnew (mba) provided Castlelake, L.P. with Maintenance Cash Flow Forecast and General Market Analysis for their Aircraft Securitization Trust (“CLAS 2015-1”) consisting of fifty-four aircraft and six engines (the “Portfolio”), subject to twenty-three operators, spanning eighteen different countries. CLAS 2015-1 was made public last week totaling US$713m in asset backed debt. The
Avcorp Industries has received all regulatory approvals related to the transaction for the acquisition of the US-based composite aerostructures division of Hitco Carbon Composites, a subsidiary of Frankfurt-listed SGL Carbon SE. Closing conditions, as set out in the definitive agreement for the acquisition, are in the process of being satisfied as the Company works towards
AerCap Holdings has completed the closing of US$1.3bn of new credit facilities. The facilities will primarily be used to acquire new narrowbody and widebody aircraft as they deliver from Boeing and Airbus through the end of 2016. A US$0.8bn facility was signed to finance a portfolio of 13 aircraft over a nine-year term. The facility
Air Canada launched a private offering of three tranches of enhanced equipment trust certificates with an aggregate face amount of U.S.$537,092,000 (the “Certificates”). Each class of Certificates will represent an interest in a related pass through trust. The trusts will use the proceeds from the offering to acquire equipment notes to be issued by Air
Intrepid Aviation announced the financing of one new Airbus A330-300 with DVB Bank. The aircraft delivered November 24th on long-term lease to EVA Airways. In addition, Intrepid Aviation also announced the financing of a second new Airbus A330-300 with Erste Bank. The aircraft was also purchased in November. Intrepid Aviation is a privately held commercial
