PPG Industries has reached a definitive agreement to acquire certain assets of Deft Incorporated, a privately-owned specialty coatings company based in Irvine, Calif. Deft’s primary business is supplying structural primers and military topcoats to the North American aviation industry, and it has smaller architectural and industrial coatings businesses. “Acquiring Deft will advance PPG’s strategy to
US Airways reported that it priced an offering of two classes of enhanced equipment trust certificates in the aggregate face amount of approximately $820m. The Company intends to use the proceeds from the offering to finance its purchase of 18 Airbus aircraft scheduled to be delivered from September 2013 to June 2014 and to use
Etihad Airways, the Abu Dhabi-based airline posted Q1 2013 passenger revenues of US$900m (2012: US$758m), an increase of 19%; and cargo revenues of US$193m (2012: US$165m), an increase of 17%. Passenger numbers in Q1 2013 grew by 18%, rising from 2.3m to a record 2.8m. The average seat factor was 80.5%, four percentage points higher
GOL Linhas Aereas Inteligentes S.A. announced that, on April 5th, 2013, it entered into an investment agreement with the private equity firm General Atlantic, which establishes that General Atlantic, subject to certain conditions, will make a direct or indirect investment in GOL’s subsidiary SMILES S.A., through a private equity fund constituted in accordance with CVM
International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, (AIG), announced the partial prepayment and amendment of its secured term loan entered into on February 23, 2012. This prepayment reduces the outstanding principal amount to $750m, from the original loan amount of $900m. The amendment reduces the interest rate to LIBOR
The EADS Board approved an 18-month share repurchase programme up to € 3.75bn. The Share Buyback Programme (the “Buyback”) is to be carried out in accordance with the authority conferred by the Company’s shareholders at the Extraordinary General Meeting held on 27 March 2013 for a repurchase of up to 15% of EADS’s issued and
Pilatus Aircraft, based in Switzerland, announced positive annual results for 2012, despite turnover and operating profit decreasing as expected compared with the previous year. Thanks to three major orders received totalling over CHF2.2bn, Pilatus is well-prepared for the future. In the past year alone, the number of employees at the headquarters in Stans grew by
Avcorp Industries reported its financial results for the year ended December 31, 2012 . During the year the Company recorded income from operations of $24,002,000 on $89,337,000 revenue, as compared to a $362,000 operating loss on $86,018,000 revenue for the preceding year; and net income for the current year of $20,641,000 as compared to a
AerCap Holdings N.V. released that Cerberus Capital Management through its affiliate, Fern S.a.r.l., sold approximately 8.2 million ordinary shares in the Company. This sale has reduced Cerberus’ stake in AerCap to less than 0.1%. The sale was made under a registration statement that became effective with the U.S. Securities and Exchange Commission on March 14,
After completing all required approval procedures, Safran has finalized the acquisition of Goodrich Electrical Power Systems (GEPS), a leading supplier of on-board aerospace electrical power systems. The cash consideration for the transaction amounts to approximately €300m. GEPS brings new capabilities to Safran’s product offering, including the critical electrical power generation know-how and experience which is
