airberlin achieved a slightly improved operating result (EBIT) in the second quarter of the year with turnover up by 2,9% to €1,146.4m. Compared to the same quarter of the previous year, airberlin was able to improve EBIT (Earnings before Interest and Tax) to €-6.9m from €-8.1m in the previous year. Taking into account other operating
BOC Aviation has priced A$125m in 6.5-year fixed rate senior unsecured notes due 2021 (the “Notes”) at a coupon of 5.375% per annum. The Notes will close on September 3rd, 2014, subject to satisfaction of customary closing conditions. The transaction, arranged by Westpac Banking Corporation, is issued off BOC Aviation’s US$5bn Euro Medium Term Note
Mountain Aviation has been acquired by a private investment group seeking to develop the company’s strong position in the turboprop and jet charter market. With the close of this acquisition, Mountain will maintain its industry leading position in the Rocky Mountain region while growing its customer base and core markets. The company will continue to
Graham Partners, a private investment firm focused on investing in businesses with advanced industrial technologies, innovative product offerings, and strong growth potential, announced its majority investment in Desser Tire & Rubber Company and affiliated companies, Aero Wheel & Brake Service Corporation and Cee Bailey’s Aircraft Plastics (collectively, “Desser”). Desser is primarily a leading supplier of
Standex International has entered into an exclusive agreement to acquire Ohio-based Enginetics Corporation, a leading producer of aircraft engine components for all major aircraft platforms. The completion of the transaction is subject to customary closing conditions and is anticipated to close on or before September 11th, 2014. Enginetics had revenue of approximately $30m in the
BOC Aviation achieved $163m in net profit after tax for the six months ended 30th June 2014, with a record number of deliveries in the first half to boost the fleet size above 250 for the first time. Total assets rose to $10.8bn. The Company held $496m in total cash and had over $2.3bn in
Morten Beyer & Agnew (“mba”) was retained by White Oak Global Advisors to provide fleet and financial due diligence support in preparation of their investment for Surf Air’s purchase of 15 new Pilatus PC-12 NG aircraft. White Oak Global Advisors provided Surf Air with a senior secured facility in the amount of $65.0m. Surf Air
Honeywell International announced plans to voluntarily withdraw the listing of its common stock from the Chicago Stock Exchange. Honeywell’s common stock will continue to be listed on the New York Stock Exchange. Honeywell has decided to withdraw its listing from the Chicago Stock Exchange to streamline operations and eliminate duplicative administrative requirements and costs inherent
During the first half of 2014, the performance of DVB Bank SE in providing financing solutions and advisory services to its clients in the international transport sector was lower than in the same period of the previous year. Consolidated net income before taxes was down 37.7%, to €41.4m (H1 2013: €66.4m). At EUR105.0 million, net
Mesa Air Group has closed on a $30m working capital draw loan through Tennenbaum Capital Partners. The funds are available for up to two years and have a five year term. The funds will be used to support current aircraft purchases and growth-related expenses as well as anticipated future growth opportunities. In the past sixteen
