Aviation Capital Group issued $255 million in Unsecured Medium Term Notes. The notes were issued in three tranches of five-, seven-, and 10-year bullet maturities, with the majority of demand for the longer tranche. The issue, originally offered at $100 million, was oversubscribed three times. With this transaction, ACG has sourced approximately $2 billion of
The Czech Airlines supervisory board approved the airline
Babcock & Brown Air Limited will be partnering with the current management team of Babcock & Brown Aircraft Management to invest in BBAM LP, a newly formed, privately-held aircraft leasing and management business. B&B Air has agreed to purchase a 15% interest in the new business which will provide management services to B&B Air and
AerCap Holdings N.V. has signed a corporate debt facility agreement for $120 million with UBS as lead arranger. The facility has a term of five years and will be used for general corporate purposes. Paul Rofe, Group Treasurer of AerCap said: “With this corporate facility from UBS we have further diversified our sources of capital.
During the year ended December 31, 2009, Avcorp recorded a loss from operations of $5,501,000 on $69,202,000 revenue, as compared to $485,000 earnings from operations on $128,868,000 revenue for the preceding year; and a net loss for the current year of $8,410,000 as compared to a net loss of $2,251,000 for the year ended December
At Bombardier Aerospace, revenues totalled $9.4 billion compared to $10 billion last fiscal year, while EBIT reached $473 million, or 5.1% of revenues, compared to $896 million, or 9%, for the same period last year. Bombardier Aerospace
Honeywell has raised first quarter earnings per share guidance to $0.45 – 0.49 from $0.40 – 0.45. The better than anticipated outlook reflects both stronger orders and sales in several short cycle end markets, including Honeywell
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
