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
Etihad Airways, the national airline of the United Arab Emirates, welcomed the decision of Switzerland’s Federal Office of Civil Aviation (FOCA) to approve the airline’s 33.3% investment in the Swiss regional carrier Darwin Airline. Since January, 2014, Lugano-based Darwin Airline has operated as Etihad Regional under a brand and partnership agreement with Etihad Airways. FOCA’s
TransDigm Group Incorporated acquired the aerospace business of Franke Aquarotter GmbH for approximately US$75m in cash on March 31st, 2015. The Company, whose name going forward will be Adams Rite Aerospace GmbH, is located in Ludwigsfelde, Germany and employs approximately 50 people. The Company manufactures proprietary faucets and related products for use on commercial transports
Finnair has acquired Flybe Uk’s 60% ownership of Flybe Nordic for a transaction price of €1 and Flybe Nordic will transfer to Finnair’s ownership on an interim basis. The transaction has been closed on March 31st, 2015. Finnair continues discussions about the continued ownership of Flybe Nordic. Finnair and StaffPoint Holding and G.W. Sohlberg signed
Avioserv, an established late-life aircraft engine parts management company based in San Diego, has been acquired by Aergen Leasing (“Aergen”). Avioserv specializes in the sale, lease and trading of engine parts, engine components and whole engines to airlines, repair facilities and parts distributors. The combined companies have raised an initial US$200m of committed equity capital
AAR reported third quarter fiscal year 2015 consolidated sales of US$380.1m and net loss of US$34.5m after discontinuing operations of Telair Cargo Group and Precision Systems Manufacturing. For the third quarter of the prior fiscal year, the Company reported sales of US$399.8m and net income of US$17.9m. Third quarter fiscal year 2015 income from continuing
airberlin reported a preliminary operating result (EBIT) of €-278.8m to €-303.8m in the 2014 fiscal year (2013: €-231.9m) – a business year dominated by high restructuring costs. Total revenue for 2014 was €4.16bn (2013: €4.15bn) – an increase of 0.3% from the previous year. Allowing for expenses of €85m-€110m, which were incurred for the turnaround,
On December 30th, 2014, Finnair signed a Memorandum of Understanding (MoU) with Doric Asset Finance GmbH for the sale and leaseback of six ATR72 aircraft. The transaction has now been concluded. The value of the transaction was approximately €80m and it has a positive impact of approximately €30m on Finnair operating profit in 2015. The
TransDigm Group has completed the acquisition of the Telair Cargo Group of businesses, from AAR, for a total purchase price of approximately US$725m in cash, subject to adjustment. TransDigm financed the acquisition through a combination of existing cash on hand and borrowing of US$75m under its existing revolving credit facility. The acquisition was previously announced
Airbus Group completed a placement of 1,612,407 shares of Dassault Aviation corresponding to 17.5% of the company’s share capital. In accordance with the agreement signed with Airbus Group and pursuant to the approval granted by its shareholders during its shareholders’ meeting dated January 28th, 2015, Dassault Aviation acquired through this placement 460,687 shares corresponding to
