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
Waypoint Leasing, the independent global helicopter leasing company, has closed on a five year US$85m term loan facility led by Deutsche Bank AG. The company will use the proceeds to support its customers through the provision of further liquidity into the global helicopter market. This financing brings Waypoint’s total debt commitments to more than US$1.2bn
RUAG can look back on a strong financial year. Net profit in 2014 grew 7.5% to CHF 102m. Earnings before interest and taxes (EBIT) were equal to the previous year’s at CHF 115m. All five divisions operated profitably and contributed to the positive Group result. The largest EBIT gains occurred at the Space (+ CHF
Desser Tire & Rubber has acquired aircraft tire distributor, Watts Aviation. Located in Gloucestershire, England, Watts distributes a broad range of tires and tubes for aviation as an authorized distributor for major tire brands. Watts enhances Desser’s global footprint and further solidifies Desser’s commitment to being a global leader in specialty aerospace distribution. Moreover, the
Lufthansa Cargo achieved an operating profit of €100m last year. This represents a significant increase for the cargo airline when compared with the previous year (€79m). Speaking in Frankfurt, Chairman of the Executive Board and CEO Peter Gerber presented a result for the year that stood out from the competition and was achieved in a
Nordic Aviation Capital A/S (NAC) has increased the Debt facility it signed in January 2015 to US$400m. The company will use the proceeds to part finance the acquisition of turboprop and regional jet aircraft, which will then be leased to airline partners around the world. The US$400m facility was led by Deutsche Bank as sole
