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
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
