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,
Macquarie Infrastructure Company (MIC) released that its Atlantic Aviation business has entered into an agreement to acquire certain of the assets of Galaxy Aviation, including substantially all of the assets of five fixed base operations (FBOs) and one new hangar that is currently under construction at one of the five airports at which the FBOs
Monarch Aircraft Engineering reported 24.2% increase in revenues to £107.2m for the full year 2013 and 26% growth in revenue from 3rd party customers. MAE posted 80% increase in maintenance capacity following the opening of a new state-of-the-art facility at Birmingham Airport. Furthermore the company introduced Bombardier and Embraer type aircraft servicing capability.
Boeing, which released its seventh annual aircraft finance market forecast on December 10th, projects that investors and financiers in the major aircraft finance markets will deliver balanced liquidity to fund what is expected to be another record global jetliner production year in 2014. Boeing forecasts industry jetliner deliveries in 2014 totaling $112bn, with 95% of
