Financial

Flight Options, the second-largest fractional jet company in the U.S., has entered into a three-year, $167 million financing agreement with Banco Nacional de Desenvolvimento Econômico e Social (BNDES) to finance the company’s purchase of Embraer Phenom 300 jet aircraft. The first-of-its-kind loan agreement between BNDES and a fractional jet operator will be guaranteed by the Brazilian

Precision Castparts Corp. a worldwide, diversified manufacturer of complex metal components and products, has agreed to acquire Primus International (Primus) for $900 million in cash. Primus is a leading supplier of complex components and assemblies to the global aerospace industry, including swaged rods, advanced composites, and machined aluminum and titanium components.  Product applications include wing, fuselage and engine-related

GOL Linhas Aéreas Inteligentes S.A. reported that VRG Linhas Aereas S.A. (“VRG”), its affiliated Company, executed a memorandum of understanding with the controlling shareholders of Webjet Linhas Aereas S.A., (“WebJet”), for the acquisition of 100% of WebJet’s capital stock by VRG; The acquisition is subject to among other conditions, the conclusion of  technical and legal

Norwegian Air Shuttle ASA has mandated ING on a USD 550 million financing facility. The facility covers term financing for 11 Boeing 737-800 HGW which are scheduled for delivery between summer 2011 and end of 2012 and pre-delivery financing for aircraft delivering during the same period. The pre-delivery financing will be utilized by Norwegian to

Eurocopter Holding, a subsidiary of EADS, and Vector Aerospace Corporation, a Canadian corporation listed on the Toronto Stock Exchange, reported that all of the terms and conditions of the offer by 7762798 Canada Inc. (the “Offeror”), to acquire at a price of C$13.00 in cash per share, all of the outstanding Common Shares of Vector

Defence and security company Saab AB announced a definitive agreement to acquire the U.S. company Sensis Corporation (Sensis), a leading provider of air traffic management (ATM) solutions and surveillance technologies, for approximately $155 million (about MSEK 1,008). In addition, the parties have agreed on a potential earn out payment of maximum $40 million (about MSEK 260) by 2014.