Willis Lease Finance Corporation has repurchased 443,561 shares of common stock at an average price of $13.79 per share for $6.1m. The shares were purchased under the five-year plan authorized earlier this month by the Board of Directors. Willis Lease has 8.9m shares of common stock outstanding following these repurchases. In the first six months
Hawker Beechcraft announced that it intends to emerge from Chapter 11 protection as a standalone company. Hawker Beechcraft also announced that it is no longer pursuing a transaction with Superior Aviation Beijing Co., because the parties could not reach agreement on the terms of a Plan Sponsorship Agreement. Robert S. “Steve” Miller, CEO of Hawker
GA Telesis has closed on a new syndicated $100m credit facility. Led by PNC Bank, N.A., the facility has a three year term and has participation from a total of six global and regional banks. It provides the company with additional financial resources at cost efficient and flexible terms to support the company’s growth. The
Southwest Airlines reported that third quarter 2012 net income was $16m, which included $81m (net) of unfavorable special items. This compared to a net loss of $140m in third quarter 2011, which included unfavorable special items totaling $262m (net). Excluding special items, third quarter 2012 net income was $97m, compared to $122m in third quarter
Two global leaders in the aviation industry, AERGO Capital and PEMCO World Air Services, have joined forces on a major program to provide fully converted cargo aircraft for markets around the world utilizing PEMCO’s market leading, Boeing-data based B737 products. AERGO’s capital structure, ability to source and finance aircraft, and asset management expertise coupled with
TAME, Ecuador’s flag carrier, has extended its contract with Barfield, a Sabena technics company, for the support of two additional Airbus A319. This new agreement is an extension of the 6-year contract between TAME and Barfield for the full support of its six A320 family aircraft. Within the scope of this contract, Barfield will increase
Macquarie AirFinance, a global aircraft leasing company based in Dublin, Ireland, has finalised contracts with Tyrolean Airways for the lease of five A320-200s and for the acquisition of three of Tyrolean’s 737-800s. Macquarie AirFinance is well advanced in the process of placing the 737-800s with new customers for delivery in spring 2013.
AAR has signed a Letter of Intent (LOI) with Air Canada to provide airframe maintenance services for the airline’s Airbus A320 series aircraft. The LOI calls for AAR to perform regularly scheduled airframe maintenance and modifications that will enable Air Canada to efficiently maintain its approximately 89 Airbus narrow-body aircraft. AAR and Air Canada are
Flight Director Inc. (FDI), a global aviation supply chain company, has chosen Quantum Control to manage supply chain parts and service needs for its military, commercial and engine divisions. FDI maintains an extensive $30m+ inventory in its Austin, Texas facility and annually delivers more than $45m of new and recertified aircraft equipment to flight operators,
BOC Aviation has signed agreements for the lease of three new A320-200 aircraft to China Southern Airlines. All three aircraft, to be equipped with IAE V2527-A5 SelectOne engines, are scheduled to be delivered in the first half of 2014.
