VSE Corporation (VSEC) has signed a definitive agreement to acquire four business units from Killick Aerospace Group, consisting of Prime Turbines (including both U.S. and Germany-based operations), CT Aerospace, Kansas Aviation and Air Parts & Supply Co. The companies to be acquired specialize in maintenance, repair and overhaul (MRO) services and parts supply for corporate
Alitalia and Etihad Airways announced the completion of all the formalities related to the transfer of air transport operations from Alitalia CAI to the new Alitalia SAI. Etihad Airways has subscribed and paid for the capital increase of €387.5m for the acquisition of a 49% share in Alitalia SAI. The remaining 51% shareholding is held
CarVal Investors, a leading global alternative investment manager, signed an agreement to acquire a majority holding of AerFin Limited from its current owner, Bob James. Mr. James will remain as the Managing Director and CEO going forward and will retain 20 percent of the company. “The acquisition of AerFin is a compelling investment in itself
AAR reported second quarter fiscal year 2015 consolidated sales of US$490.0m and net income of US$15.2m. For the second quarter of the prior fiscal year, the Company reported sales of US$540.7m and net income of US$20.0m. Within the Aviation Services segment, sales decreased 11.1% to US$377.7m. Supply chain sales to commercial and defense customers experienced
Etihad Airways, the UAE’s national carrier, has received financing from Abu Dhabi Commercial Bank (ADCB) for its first Airbus A380-800 aircraft, which was showcased to the public for the first on December 18th, at Abu Dhabi International Airport. ADCB is providing financing for one A380-800 aircraft following a competitive global request for proposal. The A380
Finnair Board of Directors has approved as a part of existing long-term incentive arrangement a performance share plan, covering years 2015–2017, for the key personnel of the Finnair Group. The share plan is a part of Finnair’s long-term share-based incentive arrangement that Finnair Board of Directors approved in 2013, and which consists of annually commencing
The Boeing board of directors increased the company’s authorization for its share repurchase plan to US$12bn and declared that the company’s regular quarterly dividend will increase by 25% to 91 cents per share. “Strong operating performance across our business continues to generate significant cash flow and financial strength for Boeing,” said Jim McNerney, Boeing Chairman
Per Wennberg, nominated to Finnair’s Shareholders’ Nomination Board by Skagen funds, has decided to resign the Board following the decision of Skagen funds to sell their shareholding in Finnair. Skagen funds was one of the three largest shareholders of Finnair. According to the rules of the Shareholders’ Nomination Board, the shareholder eligible to appoint the
SAS has secured a Pre-Delivery Payment Financing Facility (PDP Facility) covering a portion of the pre-delivery payments that SAS is making under the aircraft order with Airbus. The PDP Facility covers certain payments in relation to two Airbus A330-300 Enhanced and six Airbus A320NEO aircraft and is structured as a revolving credit facility under which
Avolon announced the pricing of its initial public offering of 13,636,363 common shares at a public offering price of $20.00 per share. The shares are expected to begin trading on the New York Stock Exchange under the symbol “AVOL” on December 12th, 2014. All of the common shares are being offered by the selling shareholders.
