JetBlue Airways has agreed to sell its wholly owned subsidiary LiveTV to Thales Group for $400m. The sale which is subject to regulatory and other approvals is expected to be completed in mid-2014. LiveTV is a leading provider of live in-flight entertainment and connectivity systems for commercial airlines. In 2013, LiveTV and its partner ViaSat
Aircastle announced it plans to offer an aggregate of $400m principal amount of its senior notes due 2021. Aircastle plans to use the net proceeds of the offering, together with cash on hand, to fund the repayment or redemption of its 9.75% senior notes due 2018. Goldman, Sachs & Co., BNP Paribas Securities Corp., Citigroup
AeroCentury, an independent aircraft leasing company, reported its operating results for the fourth quarter and year ended December 31, 2013. The Company reported a net loss of $1.4m for the fourth quarter of 2013, compared to net income of $1.8m for the fourth quarter of 2012. However, for the year ended December 31, 2013, the
The HAECO Group reported an attributable profit of HK$625m in 2013, 24.0% lower than that in 2012. Earnings per share decreased by 24.0% to HK$3.76. Turnover increased by 26.7% to HK$7,387m. Demand for line maintenance services in Hong Kong remained stable. 2.8% more aircraft movements were handled in 2013 than in 2012. Airframe maintenance and
International Lease Finance Corporation (ILFC) has closed a new senior secured term loan of $1.5 billion. The loan will bear interest at LIBOR plus 275 basis points with a 0.75% LIBOR floor, is priced at 99.5% of par value, and will mature in 2021. The collateral used to support the transaction has an initial weighted
FLY is reporting net income of $13.4m for the fourth quarter of 2013, compared to net income of $31.0m for the same period of 2012. The fourth quarter 2013 results include a transactional impairment charge of $8.8m associated with an aircraft that will be sold in 2014. The Company anticipates that this impairment charge will
Air Transport Services Group, a leading provider of aircraft leasing, and air cargo transportation and related services, reported consolidated financial results for the quarter and year ended December 31, 2013. For the fourth quarter of 2013 revenues increased 2% to $157.0m, compared with the fourth quarter of 2012, attributable mainly to increased airline operations for
Zodiac Aerospace has finalized the acquisition of Pacific Precision Products (PPP). Based in Irvine, California, and employing around 40 people, the company develops and manufactures equipment for Oxygen systems for business Jet aviation and other specialized companies such as cabin completion centers. PPP business is highly complementary to the existing Oxygen activities within the Aircraft
Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, completed on February 28th, 2014, the acquisition of substantially all of the assets and liabilities of EADS North America’s Test and Services division (EADS T&S) for approximately $53m in cash plus a preliminary net working capital adjustment of $17m. EADS
At the end of 2013, Avianca SA Holdings recorded a revenue growth of 8.0% from US$4.2bn in 2012 to US$4.6bn in 2013. Operating costs increased by 5.9%, from $3.9bn in 2012 to U.S.$4.2bn in 2013. Adjusted net income for 2013 amounted to US$234.1m, which is 132.5% above the adjusted net income for 2012, which stood
