Jackson Square Aviation announced its formation along with a $500 million equity commitment to its parent company (JSA International Holdings, L.P.) from investment funds managed by Oaktree Capital Management, L.P. Led by the seasoned aircraft leasing trio of Richard Wiley, Toby Bright and Scott Weiss, Jackson Square aims to become the leading provider of lease
Air Berlin reported that total revenue for the 2009 financial year amounted to EUR 3.24 billion, as compared to EUR 3.38 billion in the previous year. Flight revenue decreased to EUR 2.97 billion (2008: EUR 3.09 billion). EBIT for the 2009 financial year amounted to EUR 28.5 million (2008: EUR 2 million). The financial results
Israel Aerospace Industries reported that sales reached $2.9 billion in 2009, compared to $3.6 billion in 2008. The decrease is a result of the worldwide economic crisis, which affected the company’s commercial aviation activity. Sales in the fourth quarter of 2009 reached $761 million, compared to $803 million in the same quarter of 2008. Net
Triumph Group announced the signing of a definitive agreement to purchase Vought Aircraft Industries from The Carlyle Group for cash and stock consideration of $1.44 billion including the retirement of Vought debt, creating a company with industry-leading breadth of product and capabilities. The purchase consideration to Vought shareholders includes approximately 7.5 million shares and $525
Copa Holdings, S.A. announced the pricing of 1,600,000 of its Class A non-voting shares by selling shareholder Corporacion de Inversiones Aereas, S.A. or CIASA. The secondary offering of Class A common stock priced at $56.00 per share and is expected to close on March 24, 2010. Copa Holdings will not receive any proceeds from the
Embraer’s jet deliveries achieved a record high in the 4th quarter 2009, totaling 91 aircraft in a single quarter and ended 2009 with 244 aircraft delivered, surpassing by 2 aircraft the 2009 guidance. As a consequence, 2009 revenue is also in line with the 2009 guidance and totaled US$ 5.47 billion. EBIT margin was down
Fedex reported revenue of $8.70 billion, up 7% from $8.14 billion a year ago, operating income was up 129% to $416 million, from $182 million last year, operating margin was 4.8%, up from 2.2% the previous year and the net income was up 146% to $239 million from last year
AAR reported sales of $309.6 million and net income attributable to AAR of $9.9 million for the fiscal year 2010 third quarter ending February 28, 2010. These results were unfavorably impacted by $0.10 per diluted share as a result of a customer bankruptcy. For the third quarter of last fiscal year, the Company reported sales
In 2009, the Lufthansa Technik Group bucked the general trend in the maintenance, repair and overhaul (MRO) sector, achieving a EUR 246 million (+ 6.6%) increase in revenue to EUR 4.0 billion. While it was possible to improve the operating profits by 5.7% to EUR 316 million, the operating margin retreated slightly by 0.5% to
