easyJet reported revenue per seat at constant currency for the three months to September 30th, 2014 is expected to grow by around 1.5% driven by a strong finish to the summer season. Revenue per seat at constant currency for the six months to 30 September 2014 is expected to grow by around 2%. Cost per
Hawthorne Global Aviation Services (Hawthorne) announced the acquisition of Heartland Aviation at Chippewa Valley Regional Airport (KEAU) in Eau Claire, Wisconsin. Heartland is the fifth Fixed Based Operation (FBO) in Hawthorne’s nationwide network, and its third acquisition in the last six months. The new Hawthorne Eau Claire FBO has a recently-renovated passenger terminal and first
LCI, the aviation leasing division of the Libra Group, has successfully closed a five-year, $325m asset–backed credit facility for its helicopter-leasing arm LCI Helicopters. The facility was substantially over-subscribed resulting in an enlarged provision to meet demand. An option to increase the facility to $425m was also added. The funds will be used to expand
Lufthansa Pension Trust has successfully placed approximately 13.5m shares of Amadeus IT Holding, S.A. by way of an institutional private placement. With the sale of the shares, which represents 3% of the shares in Amadeus IT Holding, S.A., the pension fund raised gross proceeds of €388m. Accordingly, the Lufthansa Pension Trust’s stake in Amadeus will
Esterline Corporation, a leading specialty manufacturer serving primarily aerospace and defense markets, has agreed to acquire the aerospace and defense display businesses of Barco N.V. These operations are recognized globally as best-in-class designers and manufactures of high-technology, harsh-environment displays and visualization solutions, holding well-established positions in Avionics, Defense, Air Traffic Control, and Training and Simulation
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
