Delta Air Lines intends to acquire up to an additional 32% of the outstanding capital stock of Grupo Aeromexico S.A.B. de C.V. (AEROMEX.MX) through a cash tender offer for MXP$43.59 per share. This investment will strengthen the airlines’ partnership and provide more travel options for customers in the U.S. and Mexico. Currently, Delta owns approximately
Willis Lease Finance has commenced a modified “Dutch auction” tender offer repurchase for cash up to 516,129 of shares of its common stock at a price not less than $15.50 per share nor greater than $18.00 per share, for an aggregate purchase price not to exceed US$8m (the “Tender Offer”). The Tender Offer is subject
FLY Leasing, a global leader in aircraft leasing, posted its financial results for the third quarter of 2015. FLY is reporting net income of US$19.9m for the third quarter of 2015. This compares to net income of US$15.4m for the same period in 2014. Total revenues increased to US$106.2m. Operating lease rental revenue for the
At the 2015 Dubai Air Show, GE Aviation and CFM International, its partner company with Snecma (Safran), secured and finalized several engine orders and long-term contracts valued at more than US$17bn with the region’s leading carriers. At the same time, GE Aviation also forged new relationships with the Middle East’s growing aviation industry players. “The
Avolon reported that lease revenue increased by US$43.2m, or 31.4%, to US$180.6m for the three months ended September 30th, 2015 compared to US$137.4m for the three months ended September 30th, 2014, primarily as a result of an increase in the size of its portfolio offset by a decrease in the Annualized Lease Rate of 10.9%
AeroCentury, an independent aircraft leasing company, reported earnings totaling US$1.3m in the third quarter of 2015, compared to US$1.4m in the second quarter of 2015. Third quarter profits reflect an improvement in utilization as the Company continues to adjust the composition of its portfolio of regional aircraft and engines. Following the US$11.7m non-cash, pre-tax write-down
Kaman Corporation released that its Aerospace segment has entered into an agreement to acquire GRW Bearing GmbH (GRW), a German-based designer and manufacturer of super precision, miniature ball bearings. The company is expected to have sales in 2015 of approximately €48 million. GRW is focused on the demanding applications segment of the miniature ball bearings
Veling, a niche aircraft leasing company, announced a partnership with Flexpoint Ford, a private equity firm focused on the financial services and healthcare sectors. The partnership will provide Veling with equity capital to support the purchase and leaseback of over US$1bn of commercial aircraft to high-quality airlines over the next two years. Veling, based in
Air Transport Services Group, a provider of medium wide-body aircraft leasing, air cargo transportation and related services, reported consolidated financial results for the quarter ended September 30th, 2015. Revenues increased 3% to US$142.3m, including a 6% increase in freighter aircraft leasing revenues. Excluding revenues from reimbursements, third-quarter 2015 revenues increased 6%. Both pre-tax and net
Singapore Technologies Engineering (ST Engineering) announced financial results for its third quarter ended September 30th, 2015 (3Q2015). The Group posted quarterly revenue of US$1.50bn and profit before tax of US$154.7m. These results are comparable to revenue of US$1.55bn and profit before tax of US$151.7m in the same quarter last year. Quarterly net profit after tax
