Air Lease Corporation announced the pricing of its public offering of $700.0m in aggregate principal amount of 3.375% unsecured senior notes due 2019 (the “Notes”). The Notes were offered to the public at a price of 99.858% of par. The sale of the Notes is expected to close on November 19, 2013, subject to satisfaction
The weak visibility of air traffic development continues due to the uncertain economic outlook in Europe and slower growth in Asia. Fuel costs are expected to remain high in the last quarter of 2013, and the demand for air traffic is estimated to grow moderately. Due to the preparations already made for the possible strikes
Global Aviation Holdings, the largest commercial provider of charter air services to the US Military and a major provider of worldwide commercial global passenger and cargo air transportation services, announced that the Company and its subsidiaries, including its two operating airlines World Airways and North American Airlines, have filed voluntary petitions for relief under Chapter
AeroCentury, an independent aircraft leasing company, reported its operating results for the third quarter ended September 30, 2013. The Company reported a net loss of $0.3 million for the third quarter of 2013, compared to net income of $1.1m for the third quarter of 2012. The Company reported net income of $4.6m for the nine
IAG reported third quarter operating profit of €690m (2012: €270 million) before exceptional items, at constant currency, third quarter passenger unit revenue was up 6.7% (excluding Vueling 7.4%) and non-fuel unit costs was down 4.3% (excluding Vueling up 0.6%). Operating profit for the nine month period was €657m (2012: €17m) before exceptional items. Revenue for
Willis Lease Finance Corporation (WLFC) reported net income attributable to common shareholders was $9.1m for the first nine months of 2013, compared to a loss of $3.0m in the first nine months of 2012. A significant improvement in portfolio utilization in the current quarter was overshadowed by asset write-downs and engine repair expenses. In the
FLY’s net income for the third quarter of 2013 was $304,000 compared to a loss of $29.4m in the same period of 2012. Operating lease revenue decreased from $84.4m for the third quarter of 2012 to $78.4m for the third quarter of 2013, primarily due to a decrease in end of lease income from $5.8m
Altra Holdings has signed a definitive agreement to acquire the shares of Svendborg Brakes A/S and S.B. Patent Holding ApS (together “Svendborg”) for a cash consideration of €80.1m, less the cash remaining on the balance sheet at close, which is payable upon completion of the acquisition. Altra intends to finance the transaction through a combination
Air Transport Services Group, a leading provider of aircraft leasing, and air cargo transportation and related services reported consolidated financial results for the quarter ended September 30, 2013. Revenues decreased 8.4% to $140.9m. Revenues increased 1.4% from the second quarter of 2013. Net earnings from continuing operations decreased 32.5% to $7.8m but were up 12.8%
Astronics Corporation released that consolidated sales for the third quarter of 2013 increased by 30.2% to $89.7m compared with the same period last year. Aerospace sales of $87.5m, which represented 97.6% of the consolidated total, increased by $21.7m, including $15.7m associated with the acquisition of Peco. Test Systems sales decreased $0.9m to $2.1m. Consolidated gross
