Ascent Aerospace, a leading integrator of aircraft assembly line solutions, has bolstered its automated assembly capabilities with the addition of Gemcor. Gemcor is a global leader in developing and manufacturing automated fastening systems that are used by virtually every airframe manufacturer throughout the world. Gemcor systems are used in the sub-assembly of aircraft wings, fuselages
Minsheng Financial Leasing has announced the closing of a seven aircraft financing facility led by DVB. The aircraft portfolio consists of three A320-200s and four 737-800s on long-term operating leases to airlines from Turkey, Spain, China and Indonesia. DVB is the Arranger, Security Trustee and Facility Agent and also the Original Lender alongside Helaba (Landesbank
SAS has secured a Pre-Delivery Payment Financing Facility (PDP Facility) with DVB Bank covering a portion of the pre-delivery payments that SAS is making for five Airbus A320neo under the aircraft order with Airbus. The PDP Facility is structured as a revolving credit facility under which SAS may draw up to US$46m. Through this agreement,
AerCap Holdings has completed the upsize, amendment and extension of its US$0.3bn unsecured Revolving Credit Facility. The new facility size is US$0.6bn and comprises a three-year revolving period followed by a two-year term loan. DBS Bank acted as mandated lead arranger, bookrunner and global coordinator, and CTBC Bank acted as Taiwan bank coordinator. Citi acted
Constant Aviation, a Directional Aviation Capital Company offering full-service maintenance, repair, and overhaul with a nationwide network, announced the merger with Lone Star AOG. The combined companies will operate under Constant Aviation and the full transition will take 30 days. “The AOG business at Constant Aviation has been growing consistently the last year. Our 2016
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
