Hawker Pacific and Aeromil Pacific have entered into a definitive agreement under which Hawker Pacific has acquired Aeromil Pacific for an undisclosed amount. Aeromil Pacific, established in 1980, is one of the largest and most successful privately owned and operated aviation organisations in the region specialising in new Cessna aircraft sales, pre-owned aircraft sales, aircraft
Creditors have chosen ANA, Japan’s largest airline, to sponsor financially troubled Skymark Airlines’ rehabilitation. Skymark is Japan’s third-largest airline. Delta had offered to back an alternative plan, an indication of its commitment to serving the region. Masaru Morimoto, Delta’s managing director of Japan, thanked Skymark’s creditors and business partners for their support of the Creditors’
Air Transport Services Group, a provider of medium wide-body freighter aircraft leasing, air cargo transportation and related services, reported consolidated financial results for the quarter ended June 30th, 2015. Pre-tax earnings from continuing operations increased 17% to US$17.2m, including a 35% increase in Cargo Aircraft Management’s pre-tax earnings, driven by eight additional freighters leased to
CMB Financial Leasing has announced the closing of a financing facility for the refinancing of 3 aircraft currently in its fleet. The aircraft portfolio – consisting of one A330-300, one 737-800 and one A320-200 – are currently on long-term finance leases to China Southern Airlines. CMB Financial Leasing mandated Morgan Stanley and DVB Bank as
EQT VI has agreed to acquire a majority stake of Nordic Aviation Capital A/S, a lessor of turboprop aircraft for the global airline industry, and enter into a partnership with Martin Møller, NAC’s founder and Chairman. Martin Møller will continue as Chairman of the Company, and will remain a significant shareholder and will contribute around
Avolon, the international aircraft leasing company, posted results for the second quarter of 2015 with net income up 133% to US$56m versus the second quarter in 2014, while adjusted net income was up 83% to US$62m versus the previous year. Avolon reported that it sold three aircraft in the second quarter, with a net book
DVB Bank, a leading international transportation finance specialist, closed refinancing facilities for up to eight aircraft on behalf of global aircraft lessor AWAS. The facilities included five Airbus single and twin aisle aircraft & three single aisle Boeing aircraft covering terms of 3 to 4 years. DVB Bank acted as sole arranger, agent and underwriter
HNA Group and PAI Partners SAS (“PAI Partners”), a private equity fund, have signed an acquisition agreement in relation to the acquisition of 100% equity interest in Swissport Group, one of the world’s largest ground services and cargo handling services provider in Zurich. The total transaction value was approximately CHF2.7bn (approximately RMB17.5bn). The acquisition is
The Lufthansa Group reports solid business development for the first half of 2015 and improved results in all of its operating segments. The Adjusted EBIT rose by €290m year-on-year to €468m. For the six months ended June 30th, sales increased by 8.5% to €15.4bn, with traffic revenue accounting for €12.1bn of that figure. The Group’s
Airbus Group reported solid half-year results supported by an improved operational performance and confirmed its 2015 guidance. Group order intake in the first six months of 2015 increased sharply to €53.9bn (H1 2014: €27.7bn), with the order book value rising to €927bn as of June 3oth (year-end 2014: €858bn) taking into account a positive revaluation
