United Technologies has reached agreement to purchase Goodrich Corporation for $127.50 per share in cash. This equates to a total enterprise value of $18.4 billion, including $1.9 billion in net debt assumed. United Technologies expects to finance the transaction through a combination of debt and equity issuance. The equity component is expected to approximate 25% of
Singapore Technologies Engineering (ST Engineering) reported that Vision Technologies Aerospace Incorporated (VT Aerospace) has entered into an agreement to acquire 100% of the shares of DRB Aviation Consultants, (DRB Aviation) for a purchase consideration of $1.45 million (approximately S$1.75 million), effective consideration will be net of debt. DRB Aviation will be a wholly owned subsidiary of VT
Aviation Capital Group (“ACG”) released that it has filed documentation with and received approval from the Singapore Exchange Securities Limited (“SGX-ST”) to issue unsecured Medium Term Notes from time to time which may be denominated in various currencies and listed on the SGX-ST or other stock exchanges. (Unlisted notes may also be issued pursuant to the
AerCap Holdings N.V. released that its Board of Directors approved additional share repurchases above the previously announced amount of $50 million. The additional repurchase program will run through December 30, 2011 and will allow total repurchases of up to $100 million in 2011, inclusive of amounts repurchased through the previously announced programs. The total amount for
For the second quarter of 2011 Virgin America recorded a $6.0 million operating loss and an operating margin of (2.2)%. The airline achieved revenue growth during the quarter, with a 46% increase in operating revenue as compared to the second quarter of 2010. Total fuel costs increased by 62% and the Company’s average price per gallon of fuel
AAR reported fiscal year 2012 first quarter sales of $479.3 million and income from continuing operations of $17.0 million. For the first quarter of last fiscal year, the Company reported sales of $404.4 million and income from continuing operations of $14.0 million. Sales to commercial customers increased 40% compared to the first quarter of last
Rockwell Collins reaffirmed all aspects of its fiscal year 2011 guidance including revenue of $4.80 billion to $4.85 billion, cash flow from operations of about $650 million and earnings per share from continuing operations of $4.00 to $4.10, which excludes the gain on sale of Rollmet and any impact from potential restructuring actions. For fiscal year
TAT Technologies, a leading provider of services and products to the commercial and military aerospace and ground defense industries, reported that its controlling stockholder, Isal Amlat Investments (1993) (“Isal”) purchased an aggregate of 15,000 ordinary shares of TAT between September 1, 2011 and September 7, 2011 at an average price of 20.36 NIS per share. Such
For the month of August 2011, Copa Holdings’ system-wide passenger traffic increased 17.8%. System load factor for August 2011 was 75.1%, in line with August 2010 and capacity was up 17.7% compared to the previous year.
Avio, an international aerospace group headquartered in Italy and a leader in propulsion systems, filed its application with Borsa Italiana an Initial Public Offering of the Company’s shares on the Milan Stock Exchange (Mercato Telematico Azionario – “MTA”) on August 5th. Simultaneously, Avio filed its application with Consob for the uthorization to publish the prospectus
