AAR reported first quarter fiscal year 2015 consolidated sales of $469.2m and net income of $14.4m. For the first quarter of the prior fiscal year, the Company reported sales of $514.5m and net income of $17.9m. First quarter sales to commercial customers represented 65% of consolidated sales, compared to 58% of consolidated sales in the
FLY Leasing, a global lessor of modern commercial jet aircraft, intends to offer and sell $400m in aggregate principal amount of its senior unsecured notes in an underwritten public offering. The offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (the “SEC”) and is
AIM Aviation, the UK-based leading designer of custom cabin interiors for the world`s major airlines, acquired Altitude Aerospace Interiors from Air New Zealand. Altitude Aerospace Interiors, based in New Zealand, is a leading designer of custom cabin interiors and is ideally situated for the Far East and Australasian markets, thereby complementing AIM’s strong presence in
GKN Aerospace has agreed a major risk and revenue sharing partnership (RRSP) with Pratt & Whitney, covering the supply of key components for the PurePower PW1900 Geared Turbofan (GTF) engine – which will power the Embraer 190 and the 195-E2 narrow body, medium range aircraft. The agreement, under which GKN Aerospace will take a 7%
GOL Linhas Aereas Inteligentes, the largest low-cost and best-fare airline in Latin America, announced that on September 18th, 2014, it has priced an offering of US$325m 8.875% Senior Notes due 2022, in a transaction exempt from registration under the United States Securities Act of 1933, as amended (“Securities Act”). Gol LuxCo intends to use the
Air France-KLM unveiled its new Perform 2020 strategic plan on September 11th. Perform 2020 is the successor to Transform 2015, which represented the first phase in the Group’s turnaround. While maintaining the imperatives of competitiveness and the ongoing strengthening of the Group’s financial position, this growth plan will focus on the following three strategic areas:
SAS reported revenue of MSEK 10,697 (MSEK 11,593 in 2013) for the period of May-July 2014. Unit revenue declined 7.1% and unit cost decreased 5.6%. EBIT margin was 8.7% (12.1% in 2013). Income before tax amounted to MSEK 756 (MSEK 1,176 in 2013). SAS reported net income of MSEK 496 (MSEK 886 in 2013).
Air Lease Corporation announced the pricing of its public offering of $500m in aggregate principal amount of 2.125% unsecured senior notes due 2018 (the “2018 Notes”) and $500m in aggregate principal amount of 4.250% unsecured senior notes due 2024 (the “2024 Notes” and, together with the 2018 Notes, the “Notes”). The 2018 Notes were offered
ST Aerospace, through its wholly owned subsidiary ST Aerospace Engines, will be injecting its pro rata share of US$20.8m (approximately $25.98m), as additional capital into its Xiamen-based engine MRO joint venture company, ST Aerospace Technologies (Xiamen) Company (STATCO). The planned additional capital injection is subject to regulatory approvals by the Chinese authorities. Upon injection of
Intrepid Aviation announced the financing of one Boeing 777-300ER on lease to Air France. The aircraft was purchased with cash earlier this year. DVB Bank provided the long-term financing. Intrepid Aviation is a privately held commercial aircraft lessor, which owns commercial aircraft leased to airline operators worldwide. Intrepid Aviation focuses primarily on twin-engine widebody equipment,
