Fraport AG and a consortium headed by the Slovenian Sovereign Holding (SDH) have reached agreement for the purchase of Ljubljana Airport (Aerodrom Ljubljana) in the capital city of Slovenia, southeastern Europe. Winning against strong international competition in a closed bidding process on July 4th, Fraport was selected by the seller side to participate in exclusive
LOT Polish Airlines has consistently improved its financial standing and is now in the black. At the end of August, the airline exceeded the cumulative breakeven point, thus making a profit on its core business of flying following years of losses. This is in line with the assumptions of the restructuring plan. Sebastian Mikosz, CEO
American Airlines priced an offering of two classes of enhanced equipment trust certificates (the “Certificates”) in the aggregate face amount of approximately $957m. Proceeds of the offering are expected to be used to acquire equipment notes issued by the Company and secured by (a) five Airbus A319-112 aircraft delivered new to the Company in 2013,
Waypoint Leasing, a leading global helicopter leasing company, has raised a further $300m in term loans to refinance existing assets previously funded under its Revolving Credit Facility. BNP Paribas, MUFG Union Bank, N.A., RBC Capital Markets and Wells Fargo Securities acted as Lead Arrangers and were joined by asset financier Lombard, Sumitomo Mitsui Banking Corporation,
Triumph Group reported financial results for its first quarter of fiscal year 2015, which ended June 30th, 2014. Net sales for the fiscal first quarter of 2015 were $896.9m, a 5% decrease compared to fiscal first quarter 2014 net sales of $943.7m. Organic sales for the quarter decreased 6% primarily due to production rate cuts
Morpho (Safran) finalized the acquisition of Dictao, the leading publisher of software solutions for security and digital trust. Based in France, Dictao has 100 employees and offers innovative solutions for strong authentication, secure online transactions and secure archiving, for both public and private sector customers worldwide. The acquisition of Dictao reflects Morpho’s development strategy and
Transaero Airlines has published its financial statement for the first six months of 2014 under International Financial Reporting Standards. Revenue from air operations and other services reached 48,602,491 thousand rubles, a 6.79% increase over six months of 2013, passenger traffic grew 4.8% over the same period of 2013 and revenue from cargo transportation increased by
Qantas reported an underlying loss before tax of $646m and a statutory loss after tax of $2.8bn for the 12 months ended June 30th, 2014. The Underlying PBT result was driven by the cumulative impact of two years of industry capacity growth ahead of demand, leading to a $566m decline in FY14 revenue, and by
SR Technics announced a strategic investment in Armac Systems, a leading provider of aircraft MRO inventory planning and optimization software and solutions. The investment will result in a close strategic partnership between the two companies, enabling customers to benefit from a turn-key planning solution that will continuously optimize component inventory asset investment and maximize component
GA Telesis announced the closing of a new asset financing for a major European airline. The ten-year $100m transaction marks the third asset based financing transaction the company has closed in the last twelve months. Asset financing becomes yet another service that GA Telesis can provide operators and other investors in aviation assets, along with
