International Lease Finance Corporation (ILFC) has priced, and entered into an agreement to issue and sell, subject to certain conditions, $650,000,000 aggregate principal amount of 8.625% senior notes due 2022 (the “Notes”) pursuant to an effective registration statement filed on August 7, 2009 with the Securities and Exchange Commission. ILFC expects to close the offering
Etihad Airways, the national airline of the United Arab Emirates, has agreed to increase its stake in airberlin, Europe’s sixth largest airline, to 29.21%, becoming airberlin’s largest single shareholder. The strategic move, announced December 19th in Berlin by Etihad Airways Chief Executive Officer James Hogan and airberlin CEO Hartmut Mehdorn, connects the airlines’ extensive networks and frequent
FedEx Corp. reported consolidated revenues of $10.59bn for the 2nd quarter, up 10% from $9.63bn the previous year. Operating income was $780m, up 66% from $469m last year, while operating margin was 7.4%, up from 4.9% the previous year. Net income was $497m, up 76% from $283m a year ago. FedEx projects earnings to be $1.25 to $1.45 per diluted
AAR reported second quarter fiscal year 2012 consolidated sales of $475.9m and income from continuing operations of $17.5m. Results for the second quarter include $1.4m of transaction-related expenses for acquisitions announced during the second quarter. For the second quarter of the prior fiscal year, the Company reported sales of $440.5m and income from continuing operations
Jackson Square Aviation (“JSA”) has closed a $435m secured term loan, which provides the Company with committed long-term debt capacity for eleven next-generation aircraft. Financing for the facility was provided by DVB Bank SE, Norddeutsche Landesbank, and Citibank. “This is something of a landmark deal for our company,” commented Scott Weiss, JSA’s Chief Operating Officer
One of the largest aviation business groups in Eastern Europe, Avia Solutions Group AB, transferred its entire controlling package of shares (95.5%) in Small Planet Airlines AS (Estonia) to Brova Air OU. Following the transaction the name of the company will be changed to North Wind Airlines AS. According to Linas Dovydenas, CEO of Avia
Delta Air Lines and GOL Linhas Aereas Inteligentes announced an agreement for a long-term exclusive commercial alliance. Under the agreement, Delta and GOL, which has a 40% market share in Brazil , will expand cooperation to leverage each other’s strengths and further link Delta’s expansive network with one of Brazil ‘s largest and most successful airlines.
AAR CORP. has completed the acquisition of Telair International GmbH (Telair) and Nordisk Aviation Products, AS (Nordisk) from Teleflex Incorporated, which the Company announced on October 21, 2011. “This acquisition significantly adds to AAR’s commercial manufacturing business and elevates our position as a tier-1 provider to the global aerospace market,” said David P. Storch ,
Bombardier reported its financial results for the third quarter ended October 31, 2011. Revenues increased to $4.6bn, compared to $4bn last fiscal year. Earnings before financing income, financing expense and income taxes (EBIT) totalled $301m, compared to $250m last fiscal year, while the EBIT margin reached 6.5%, compared to 6.3% last year. Net income amounted
Astronics Corporation, a leader in advanced, high-performance lighting, electrical power and automated test systems for the global aerospace and defense industries, has acquired privately-held Ballard Technology, an Everett, WA company that designs and produces avionics interface solutions for defense and commercial aerospace applications. Astronics acquired all of the stock of Ballard for $24m in cash. An
