Doric has concluded junior financing for two Boeing 737-800 aircraft. Both aircraft are on finance lease to Norwegian which has been operating them since August and September 2015 respectively. The lease term is 12 years. As Europe’s third largest low-cost carrier Norwegian is keen to expand, not only within Europe, but also in the longhaul
TransDigm Group and Breeze-Eastern signed a definitive merger agreement providing for Breeze-Eastern to become an indirect wholly-owned subsidiary of TransDigm. TransDigm and Breeze-Eastern both design, manufacture and supply highly engineered aircraft components. Under the terms of the agreement, a subsidiary of TransDigm will commence a tender offer to acquire all of the outstanding shares of
El Al reported revenues from operations – amounted to approx. US$647.3m, compared to US$601.2m in the third quarter of the previous year, reflecting a growth of approx. 7.7%. Revenue from passengers increased by approx. 10.5%, as a result of a significant growth in the number of passengers in the third quarter, in relation to the
The Finnish Competition and Consumer Authority has approved the transaction in which Finnair transfers 60% of the shares in Nordic Regional Airlines AB to StaffPoint Holding Oy and Kilco Oy. Upon completion of the sale, StaffPoint’s ownership in the joint venture will be 45%, Kilco’s 15% and Finnair’s 40%. The transaction is expected to close
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
