Delta’s net income for the December 2013 quarter was $558m excluding special items. Delta’s net income for 2013 was $2.7 bn, a $1.1bn increase over 2012. Delta’s GAAP net income was $8.5bn for the December 2013 quarter and $10.5bn for 2013. These results include an $8.0bn non-cash gain associated with the reversal of the company’s
Lease Corporation International, a Libra Group company, and KKR Financial Holdings, a specialty finance company managed by a subsidiary of KKR & Co. L.P., have entered into a definitive agreement under which KFN has agreed to invest in excess of $100m in LCI Helicopters (LCIH), the helicopter leasing subsidiary of LCI, in exchange for a
GA Telesis and Wafra Capital Partners jointly announced that GA Telesis has raised $500m from institutional and private clients advised by Wafra Capital Partners to establish a new aviation investment vehicle focused on aircraft and engine investment opportunities. The vehicle will be named GA Telesis Aviation Investments LLC (“GAIN”) and will be managed by GA
Wencor Group announced the acquisition of Flight Line Products. As an authorized Part 145 FAA and EASA repair station, Flight Line Products is a leading provider of both PMA parts and specialized repair services for a wide-range of commercial aircraft seating and interior systems. Flight Line Products further augments Wencor Group’s interior capabilities as it
TransDigm Group Incorporated has completed the acquisition of Airborne Systems, for approximately $250m in cash. Airborne Systems was owned by Metalmark Capital and the acquisition was previously announced on December 2, 2013. Airborne Systems is the industry leading designer and manufacturer of personnel parachutes, cargo aerial delivery systems, emergency escape systems, naval decoys and other
AAR reported second quarter fiscal year 2014 consolidated sales of $540.7m and net income of $20.0m. For the second quarter of the prior fiscal year, the Company reported sales of $512.8m and net income of $17.8m. Sales in the Aviation Services segment increased 8.7% to $424.7m, driven by growth in the Company’s supply chain operations,
HEICO Corporation reported that net income increased 25% to $29.8m for the fourth quarter of fiscal 2013, up from $23.8m for the fourth quarter of fiscal 2012. For the fiscal year ended October 31, 2013, net income increased 20% to $102.4m up from $85.1m for the fiscal year ended October 31, 2012. Net sales increased
AAR CORP. released that its 100% owned subsidiary, Telair International GmbH, has completed the acquisition of cargo loading system assets of Speyer, Germany based PFW Aerospace GmbH, which the company announced on December 2, 2013. The acquisition will enhance Telair’s market position as one of the leading suppliers globally of cargo loading and baggage handling
AerCap Holdings N.V. has entered into a definitive agreement with American International Group, (AIG) under which AerCap will acquire 100% of the common stock of International Lease Finance Corporation (ILFC), a wholly-owned subsidiary of AIG. Under the terms of the agreement, AIG will receive $3.0bn in cash and 97,560,976 AerCap shares. The transaction is expected
Finnair has signed a Memorandum of Understanding with global aircraft leasing and financing company GECAS (GE Capital Aviation Services) on the sale and leaseback of two Airbus 330 aircraft and two ordered Airbus 350 aircraft. The value of the arrangement is approximately €320m. The financial arrangement is a part of the long-haul fleet renewal program,
