VistaJet Malta Finance P.L.C. and VistaJet Co Finance LLC, subsidiaries of VistaJet Group Holding SA have now closed their offering of US$300m aggregate principal amount of 7.750% senior unsecured notes due 2020. Interest on the 5-year notes is payable semi-annually on June 1st and December 1st, beginning on December 1st 2015. The notes are guaranteed
Ryanair reported a full year net profit of €867m, ahead of previous guidance. Traffic for the whole year was up 11% to 90.6m as load factors rose from 83% to 88%. Unit costs ex fuel were flat (including fuel they fell 5%), while net profits rose 66% as net margin jumped from 10% to 15%.
Dubai Aerospace Enterprise (DAE) signed a definitive agreement to sell 100% of StandardAero to an affiliate of Veritas Capital. Terms of the transaction were not disclosed. DAE Managing Director Khalifa H. AlDaboos said: “StandardAero is one of the world’s largest independent MRO platforms with clients in over 70 countries. DAE acquired StandardAero in 2007 and
Macquarie Infrastructure Corporation (MIC) has successfully completed a planned conversion to a Delaware corporation from a Delaware limited liability company. The conversion was effective on May 21st, 2015. The conversion had no impact on the business or management of the Company and has been treated as a tax-free exchange under relevant Internal Revenue Service regulations.
Bristow Group reported net income for the March 2015 fiscal fourth quarter of US$15.1m compared to net income of US$30.3m in the same period a year ago. Adjusted net income, which excludes special items and asset disposition effects, decreased 35.3% to US$31.8m for the March 2015 quarter, compared to US$49.1m in the March 2014 quarter.
HEICO CORPORATION reported that net income increased 17% to US$33.1m in the second quarter of fiscal 2015, up from US$28.4 million in the second quarter of fiscal 2014. In the first six months of fiscal 2015, net income increased 9% to a record US$60.7m up from US$55.8m in the first six months of fiscal 2014.
Romanian aerospace company Aerostar S.A, has released its financial results for 2014 recording another successful financial year, with turnover up 23%, and net profits increased by 25%. Exports represented 70% of turnover, there was continued Investment in plant, machinery and training, with employment remaining stable at around 1900 people. Aerostar continued implementing its strategy of
The group has recorded the highest profit in its history and the outlook remains strong. Liquidity is at a record high and there is no long-term interest bearing debt on its balance sheet. Whilst Small Planet‘s revenue grew modestly from the year before (9.2%), its profit before tax reached €8.2m compared with €1.7m for the
Aircraft asset manager Amentum Capital (‘Amentum’), Tokyo Stock Exchange listed Financial Products Group Co. (‘FPG’ – 7148:JP) and JOLCO structuring specialist FPG Asset & Investment Management BV (‘FPG AIM’) are further expanding their successful cooperation to provide quality aircraft investment solutions to investors. As part of this next phase of their strategic partnership, FPG has
TransDigm Group Incorporated completed the acquisition of the assets of the aerospace business of Pexco (“Pexco Aerospace”), a portfolio company of Odyssey Investment Partners, for approximately US$496m in cash. The acquisition was previously announced on April 30th, 2015. Pexco Aerospace is a global leader in the manufacturing of extruded plastic interior parts for use in
