FLY Leasing Limited, a leading global lessor of modern commercial jet aircraft, closed a new $395m senior secured term loan. FLY will use the proceeds from the new loan to refinance its remaining 2012 debt maturities, as well as the outstanding debt under a facility that matures in 2013. The senior secured term loan will
Air Lease Corporation reported another quarter of consecutive fleet, profitability and financing growth: diluted EPS increased 250% to $0.28 per share in the second quarter of 2012 compared to $0.08 in the second quarter of 2011. Diluted EPS increased 315% to $0.54 per share for the six months ended June 30, 2012 compared to $0.13
Bombardier Aerospace’s revenues totalled $2.3bn, compared to $2.1bn last fiscal year. EBIT totalled $102m translating into an EBIT margin of 4.5% for the second quarter ended June 30, 2012, compared to $105m, or 5%, last fiscal year. Free cash flow usage totalled $504m compared to a usage of $448m for the corresponding period last fiscal
During the quarter ended June 30, 2012, Avcorp Industries recorded income from operations of $411,000 on $25,192,000 revenue, as compared to a $752,000 operating loss on $20,492,000 revenue for the same quarter in the preceding year; and net income for the current quarter of $13,000 as compared to a net loss of $1,337,000 for the
The Cathay Pacific Group reported an attributable loss of HK$935m for the first six months of 2012. This compares to the profit of HK$2,808m in the first half of 2011. Loss per share was HK23.8 cents as compared to the earnings per share of HK71.4 cents in 2011. Turnover for the period rose by 4.4%
Air Canada recorded earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (EBITDAR) of $314m in the second quarter of 2012 compared to EBITDAR of $338m in the second quarter of 2011. Operating income of $63m decreased $10m from the same quarter in 2011.
DVB increased its consolidated net income before taxes (and excluding net result from financial instruments in accordance with IAS 39) by 36.6%, to €91.1m (H1 2011: €66.7m). At €183.9m, total income for the first six months of 2012 (comprising net interest income after allowance for credit losses, net fee and commission income, results from investments
LMI Aerospace Inc., a leading provider of design engineering services and supplier of structural assemblies, kits and components to the aerospace, defense and technology markets, announced that it has acquired TASS Inc., a premier after-market engineering and support services firm. Headquartered in Kirkland, Washington, TASS delivers high-end engineering solutions to aircraft manufacturer, airlines, Maintenance, Repair
Astronics Corporations reported that sales in the second quarter of 2012 were $65.0m, up $9.5m, or 17.2%, from the prior year second quarter sales of $55.5m. Aerospace sales, which represented 96% of total second quarter sales, increased 20.2% over the prior year period to $62.4m. Test Systems sales decreased to $2.6m for the second quarter
L-3 Communications completed the acquisition of Thales Training & Simulation Ltd’s civil aircraft simulation and training business effective August 6, 2012. The company paid £83m (approximately $130m), subject to certain contractual adjustments to the purchase price, and was funded with cash on hand. The business, which is now known as L-3 Link Simulation & Training
