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,
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
