The Diehl Group, Nürnberg, Germany, has acquired Thales’s minority interest (49%) in Diehl Aircabin GmbH, Laupheim, Germany. Thus, Diehl Aircabin is from now on fully owned by Diehl. Diehl Aircabin mainly supplies commercial air transport aircraft manufacturers with cabin interior lining (panels, hatracks…), air conditioning ducts and crew rest compartments. Diehl Aircabin’s operations are to
CIT Group, a global leader in transportation finance, announced that it provided a senior secured unitranche credit facility to AGC Composites & Aerostructures, a division of Oklahoma-based AGC Aerospace & Defense, for the acquisition of Paul Fabrications Ltd., in the U.K. AGC Composites & Aerostructures, a leading manufacturer of aircraft components, is a portfolio company
GE has agreed to purchase the aviation business of Avio S.p.A., an Italy-based manufacturer of aviation propulsion components and systems for civil and military aircraft, for US$4.3bn (€3.3 bn). GE plans to acquire Avio’s aviation business from Cinven, a leading European private equity firm that has owned Avio since 2006, and Finmeccanica, the Italian aerospace
CIT Group, a global leader in transportation finance, released that it arranged and syndicated a $125m senior secured credit facility to UK-based A J Walter Aviation (AJW), a leading global aircraft spares specialist. Proceeds of the facility will be used to support spare parts acquisitions to service AJW’s rapidly growing customer portfolio.
Boeing Chairman, President and Chief Executive Officer Jim McNerney announced a 10% increase in the company’s regular quarterly dividend to 48.5 cents per share and the resumption of its stock repurchase program with repurchases currently expected to total between $1.5bn and $2.0bn in 2013. “Strong cash generation, consistently solid core operating performance and a positive
Etihad Airways reported the purchase of a majority stake in a new entity incorporated to own airberlin’s topbonus frequent flyer program, the first step in the establishment of a global loyalty management platform. The new entity will seek to offer new opportunities for topbonus members to collect and redeem topbonus miles around the world, including
VT Aerospace has entered into an agreement to acquire 100% equity interest in Volant Aerospace (Volant), for a purchase consideration of US$13.1m (approximately S$16m) subject to post closing adjustments. Following the acquisition, Volant will become a wholly owned subsidiary of VT Aerospace. VT Aerospace, which owns four aerospace operating companies in Mobile, Alabama; San Antonio,
FLY Leasing, a global lessor of modern commercial jet aircraft, has re-priced its $395m Term Loan. The interest rate on the amended loan will be LIBOR plus 4.50%, a 1.00% reduction from the previous interest rate of LIBOR plus 5.50%. In conjunction with the re-pricing, FLY Leasing will pay its current Term Loan lenders a
International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, (AIG), has priced $287,042,000 1.492% prefunded secured notes due 2025 guaranteed by the Export-Import Bank of the United States (Ex-Im Bank). “This first-ever Ex-Im Bank financing for ILFC will further support our company’s goals of diversifying capital sources and reducing average funding
Zodiac Aerospace, a world leader in aerospace equipment and systems for commercial, regional, and business aircraft, has entered into a definitive agreement with the shareholders of Northwest Aerospace Technologies (NAT) to acquire the company. NAT, headquartered in Everett, near Seattle, provides engineering services and cabin retrofit program management services to airlines. NAT has about 160
