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Desser Tire & Rubber has acquired aircraft tire distributor, Watts Aviation. Located in Gloucestershire, England, Watts distributes a broad range of tires and tubes for aviation as an authorized distributor for major tire brands. Watts enhances Desser’s global footprint and further solidifies Desser’s commitment to being a global leader in specialty aerospace distribution. Moreover, the

Lufthansa Cargo achieved an operating profit of €100m last year. This represents a significant increase for the cargo airline when compared with the previous year (€79m). Speaking in Frankfurt, Chairman of the Executive Board and CEO Peter Gerber presented a result for the year that stood out from the competition and was achieved in a

Nordic Aviation Capital A/S (NAC) has increased the Debt facility it signed in January 2015 to US$400m. The company will use the proceeds to part finance the acquisition of turboprop and regional jet aircraft, which will then be leased to airline partners around the world. The US$400m facility was led by Deutsche Bank as sole

PK AirFinance, a GECAS Company, closed two separate senior debt facilities with Republic Airways. PK AirFinance arranged US$81m in secured debt financing for Embraer 170LR aircraft in Republic’s fleet, holding the US$66m senior loan and a junior lender holding the US$15m tranche on the five-and-a-half year package. Separately in late 2014, PK AirFinance closed a five-year, US$30m