MTU Aero Engines Holding AG has successfully placed a €250m bond on the capital market. It has a five-year term, expiring 2017, and a coupon of 3.0 %. The proceeds of the new issue will be used for general business purposes. The bonds were purchased by institutional investors and retail intermediaries from Germany and abroad,
DVB Bank SE (“DVB”), the Frankfurt-based bank that specialises in transport finance, reported the completion of its sale of a 60% shareholding in TES Holdings Ltd, to two new shareholders, Mitsubishi Corporation, Tokyo, Japan (“MC”) and the Development Bank of Japan Inc. Tokyo, Japan (“DBJ”). MC and DBJ have acquired a 35% stake and a
Saudia Aerospace Engineering Industries (SAEI), the MRO provider of Saudi Arabian Airlines, has signed for AMOS of Swiss-AS to manage all its MRO services. SAEI has recently commissioned a US$800m contract to build 11 new hangars and aircraft maintenance facilities in Jeddah. In this context the management of the Saudi MRO provider has chosen AMOS
Skyworld Aviation have arranged the sale of two Airbus A320 aircraft which will operate with Aviatrans K of Ukraine. The aircraft, serial numbers 393 (EI-EEX) and 414 (EI-EEY), are equipped with IAE V2500-A1 engines and were purchased from the AWAS portfolio of aircraft. Both last flew with Viking Hellas Airlines of Greece until the airline
Singapore Technologies Engineering (ST Engineering) announced that Vision Technologies Aerospace Incorporated (VT Aerospace) has made a successful bid for the Tampa aerospace maintenance facility and certain assets of Pemco World Air Services (PEMCO), including the Boeing 737 freighter conversion Supplemental Type Certificates, for a purchase consideration of US$49.7m (approximately S$64m) at a bankruptcy auction. VT
Bombardier reported that London Air Services (LAS) has placed firm orders for five Learjet 75 aircraft, valued at approximately US$65m, based on the 2012 list price for typically equipped aircraft. LAS is the first Canadian operator to place a firm order for the new light jet. A leading charter service provider based in Richmond, B.C.,
Air Lease Corporation announced its acquisition of one 2009 Boeing 777-300ER on lease through 2022 to Cathay Pacific Airways, a new customer for ALC.
Elbit Systems reported that its wholly-owned Israeli subsidiary Elbit Systems – Cyclone (“Cyclone”) was awarded an approximately $80m contract from Boeing for the supply of structural components. The contract will be performed over seven years.
A J Walter Aviation has been chosen by Lithuanian airline, Avion Express, to provide full PBH support service to its current fleet of three A320 aircraft, growing to five aircraft later this year. The contract also includes a lease for the provision of a local main base kit and represents an important breakthrough for AJW
AWAS has delivered a third new A320 passenger aircraft to LAN, one of the leading passenger and cargo airlines in Latin America. In late 2011 AWAS and LAN entered into a purchase and leaseback transaction for 5 Airbus A320 aircraft that the carrier had previously ordered directly from the manufacturer for 2011-2012 delivery. LAN will
