Triumph Group announced the pricing of its previously announced offering of $350 million aggregate principal amount of senior notes due 2018. The notes will have an interest rate of 8.625% per annum and are being issued at a price equal to 99.270% of their face value. The offering is part of the financing for, and
Porter Aviation Holdings has decided not to proceed with the previously announced proposed offering of its common equity due to unfavorable market conditions caused by volatility in the equity markets. “Given current market conditions, we believe it is prudent to defer the offering at this time,” said Robert Deluce, president and chief executive officer of
At Bombardier Aerospace, revenues totaled $1.9 billion, compared to $2.2 billion for the first quarter last fiscal year, while EBIT reached $89 million, compared to $110 million. This translated into an EBIT margin of 4.6% for the first quarter ended April 30, 2010 compared to 5% last fiscal year. Free cash flow usage of $205
Ryanair reported full year profits of EUR319 million after tax, an increase of 204% over last years EUR105 million profit. The airline also proposes to pay a one-off dividend of EUR500 million (EUR0.34 per share) in October, subject to shareholder approval at its September AGM. Ryanair expects to grow traffic in FY11 by 11% to
Triumph Group intends to offer $350 million in aggregate principal amount of senior notes due 2018. The offering is part of the financing for, and is conditioned upon, the substantially concurrent consummation of Triumph
AvStar Aviation Group announces an amended Letter of Intent (LOI) for the purchase of Twin Town Leasing Co., d/b/a Twin Air Calypso in Fort Lauderdale, Florida. Twin Town Leasing Co. had signed an original LOI to sell to AvStar in January 2010; the amendment extends the agreement until June 15, 2010 allowing AAVG to complete
HEICO Corporation reported that net income increased 19% to $12,573,000 for the second quarter of fiscal 2010 up from $10,541,00 for the second quarter of fiscal 2009. For the first six months of fiscal 2010, net income increased 11% to $24,366,000 up from $21,858,000 for the first six months of fiscal 2009, which included a
ExpressJet Holdings, parent company of regional and charter airline operator, ExpressJet Airlines, intends to redeem $5 million in principal of its 11.25% Convertible Secured Notes due 2023 on July 9, 2010. The redemption is part of ExpressJet’s previously announced securities repurchase program and the remaining balance on the notes will be $38.6 million. This balance
AerCap Holdings N.V. has signed debt facility agreements totaling $190 million. The facilities have terms ranging from eight to ten years and cover the financing of A319, A321 and A330 aircraft. The separate facilities were provided individually by Credit Agricole CIB, DBS Bank Singapore and Sumitomo Mitsui Banking Corporation (SMBC). Including the new facilities, AerCap
British Airways presented its preliminary results for the 12 months ended March 31, 2010. BA reported an operating loss of
