AerCap Holdings’ subsidiary AeroTurbine signed an amendment and extension of its credit facility which increases the size from US$430m to US$550m and extends the maturity of the facility to the fourth quarter of 2019. The credit facility amendment was led by Crédit Agricole CIB, the incumbent administrative agent. Other joint book runners included Morgan Stanley,
AeroCentury Corp., an independent aircraft leasing company, reported its operating results for the third quarter ended September 30th, 2014. The Company reported a net loss of US$8.2m for the third quarter of 2014, compared to net income of US$4.0m for the third quarter of 2013. The Company reported a net loss of US$11.8m for the
The Emirates Group announced its half-yearly results which show steady performance and growth, despite a challenging business environment marked by ongoing health pandemic concerns, regional conflicts, and weakening global markets. The Emirates Group revenues reached AED 47.5bn (US$ 12.9bn) for the first six months of its 2014-15 fiscal year, up 12% from AED 42.3bn (US$
FLY’s net income for the third quarter of 2014 were US$15.4m compared to US$0.3m in the same period in 2013.Total revenues increased 33% to US$105.5m. Operating lease rental revenue for the third quarter of 2014 was US$105.1m compared to US$78.4m for the same period in the previous year, an increase of 34%. The increase was
Engine Lease Finance Corporation (ELFC) has been acquired by Mitsubishi UFJ Lease and Finance Co.(MUL). ELFC’s President and CEO, Jon Sharp, states, “We are very excited by this move to MUL. MUL is one of Japan’s largest leasing companies and is renowned for its innovative approach to asset finance and for aggressively expanding its global
DVB Bank SE continued to provide financing solutions and advisory services to its clients in the international transport sector during the first nine months of 2014, but results fell short of the previous year: consolidated net income before taxes was down 24.5%, to €72.6m (9m 2013: €96.2m). The strong fluctuation in net income from financial
Exchange Income Corporation a diversified, acquisition-oriented company has entered into an agreement to acquire all of the shares of Provincial Aerospace (“PAL”), a diversified Canadian-based aerospace and aviation company, for a combination of cash and stock totaling approximately $246m. PAL, headquartered in St. John’s, Newfoundland & Labrador, operates three distinct businesses across the aerospace, airline
Flybe and Finnair have agreed to restructure the ownership of their jointly owned Flybe Nordic venture, and Flybe has agreed to sell the shares that it holds in Flybe Nordic to a potential new majority shareholder or to Finnair for the price of one euro. The sale of the shares is conditional only upon approval
GOL Linhas Aereas Inteligentes, the largest low-cost airline in Latin America, announced its results for the third quarter of 2014. Operating income (EBIT) registered R$152min 3Q14, R$115m up over 3Q13, with an operating margin (EBIT) of 6.2%, up by 4.5 points. The last twelve months (LTM) EBIT totaled R$497m, with an operating margin of 4.9%.
Milestone Aviation Group, the global leader in helicopter leasing, has closed seven of 12 helicopter leases to Bristow Helicopters, an affiliate of the Bristow Group. The helicopters will be used for civilian search and rescue (SAR) services when Bristow Helicopters takes over delivery of UK SAR services on behalf of the Maritime and Coastguard Agency
