Avolon, the international aircraft leasing company, announced the completion of a new US$675m 8 year secured debt facility. The new facility will finance up to 21 aircraft at a margin of 1.65%. The facility is financed by six banks based in Europe and Asia-Pacific.
Safran reported that first-quarter 2015 adjusted revenue was €3,935m, up 14.3% year-on-year including significant positive currency impacts mainly due to the considerable strengthening of the USD. The average USD/EUR spot rate in Q1 2015 was 1.13 compared with 1.37 a year ago. Adjusted revenue growth was 3.4% at constant currency or 2.4% on an organic
Boeing reported first-quarter revenue increased 8% to US$22.1bn on higher commercial deliveries. Core earnings per share (non-GAAP) increased 12% to US$1.97, reflecting strong performance across the company, and GAAP earnings per share was US$1.87. Net earnings increased 38%. The Company reaffirmed its 2015 financial and deliveries guidance. Cash and investments in marketable securities totaled US$9.6bn
AeroCentury, an independent aircraft leasing company, reported its unaudited operating results for the first quarter ended March 31, 2015. In the first quarter of 2015, net income was US$0.8m compared to net income of US$0.4m for the first quarter of 2014. Total revenues were US$8.6m for the first quarter ended March 31st, 2015, compared to
FLY Leasing, a global leader in aircraft leasing, re-priced its 2012 Term Loan. The interest rate on the amended loan will be LIBOR plus 2.75%, a 0.75% reduction from the previous margin. In addition, the LIBOR floor will be reduced from 1.00% to 0.75%. As of December 31st, 2014, the facility had an outstanding principal
Dubai Aerospace Enterprise (DAE) reported net income for 2014 of US$159.5m (AED 586m), an increase of 43% from US$111.6m (AED 410m) in 2013. Revenue for full year 2014 increased to US$2,112m (AED 7,761m) from US$2,105m (AED 7,735m) for full year 2013. DAE Managing Director Khalifa H. AlDaboos said: “The 2014 financial results reflect a sharp
Delta Air Lines reported financial results for the March 2015 quarter. Delta’s adjusted pre-tax income for the March 2015 quarter was US$594m, an increase of US$150m over the March 2014 quarter on a similar basis. Delta’s adjusted net income for the March 2015 quarter was US$372m and its adjusted operating margin was 8.8%. On a
Panasonic Avionics Corporation (Panasonic) announced the acquisition of Tactel AB (Tactel). Tactel is a leading mobile app and software consultancy in Sweden that counts many prominent Scandinavian companies as its customers. This acquisition is part of an ongoing strategy to enhance Panasonic Avionics’ leadership and capabilities in software and design. Tactel will augment Panasonic Avionics’
Boeing has acquired 2d3 Sensing, a wholly owned subsidiary of OMG plc specializing in motion imagery processing of critical intelligence, surveillance and reconnaissance data generated from aerial platforms. 2d3 Sensing’s software and services are used by the U.S. Air Force and other government and commercial customers. Their products can be found on the ScanEagle and
FedEx Corporation and TNT Express N.V. have reached a conditional agreement on a recommended all-cash offer for all issued and outstanding ordinary shares, including shares represented by American Depositary Receipts of TNT Express for a cash offer price of €8.00 per share cum dividend except for the TNT Express final 2014 dividend of €0.08 in
