Marshall Aerospace and Defence Group announced the acquisition of 100% of the share capital of FlairJet Ltd, the London Oxford Airport-based aircraft management and charter company. Effective immediately, FlairJet will become part of the Group’s newly formed Aviation Services business unit and will continue to be led by Managing Director and founder, David Fletcher, who
Air Lease Corporation announced the pricing of an offering of $76.53m of 1.617% secured notes due 2024 guaranteed by the Export-Import Bank of the United States. The sale of the Notes is expected to close on March 11, 2013, subject to satisfaction of customary closing conditions. The Notes will mature on August 15, 2024 and
Air Lease Corporation reported another consecutive quarter of fleet, revenue, profitability and financing growth: revenues increased 95% to $656m for the year ended December 31, 2012 compared to $337m for the year ended December 31, 2011. Revenues increased 65% to $190m in the fourth quarter of 2012 compared to $115m in the fourth quarter of
Exchange Income Corporation has signed a stock purchase agreement to acquire all of the shares of Regional One, a privately-owned US company that is a leading provider of aircraft and engine aftermarket parts to regional airline operators around the world. The acquisition is valued at approximately $80m, subject to adjustments for taxes, and will be
Republic Airways reported full year 2012 net income of $51.3m, a $203.1m improvement from the full year 2011 results of a net loss of $151.8m. The Company also reported fourth quarter 2012 net income of $12.6m, a $136.1m improvement over the fourth quarter 2011 net loss of $123.5m.
Airbus’ consolidated revenues increased by 17% to €38,592m (FY 2011: €33,103m), reflecting strong commercial aircraft deliveries. The Airbus consolidated EBIT more than doubled to €1,230m (FY 2011: €584m). Airbus Commercial revenues amounted to €36,943m (FY 2011: €31,159m), driven by record commercial deliveries of 588 (FY 2011: 534), including 30 A380s. A total of 585 deliveries
Air Pacific, Fiji’s national carrier soon to be flying as ‘Fiji Airways’, announced that it had selected two major international aviation banks for European export credit financing for its three new A330-200 aircraft. The two banks are German-based: KfW IPEX-Bank and Helaba. The selection of these two well-known international banking partners is the result of
Airberlin has returned to profitability. Air Berlin PLC recorded an operating profit before interest and tax (EBIT) of €70.2m in 2012, reflecting a significant improvement of €317.2m as compared to 2011. The Company’s net income of €6.8 million marks a return to profitability for the first time since 2007 and follows a loss of €-420,4m
AerCap reported fourth quarter 2012 net income was $11.2m, compared with $76.4m for the same period in 2011. Fourth quarter 2012 included a $54.6m charge, net of tax, relating to the sale of AerCap’s ALS portfolio which is essentially offset by expected future servicing fees and interest income. Fourth quarter 2012 adjusted net income was
Full-year 2012 adjusted revenue was €13,560m, up 15.5% year-on-year (8.6% organic). Adjusted recurring operating income of €1,471m (10.8% of revenue), rose 23.7% year-on-year. After a net charge of €(50)m for one-off items, mainly related to M&A transaction and integration costs, adjusted profit from operations was €1,421m. Adjusted net income – group share up 55% from
