Financial

Argos Soditic, the European lower mid-market private-equity firm, has reported the acquisition of a majority stake in Revima Group, alongside its managers Olivier Legrand and Christian Grzanka, following a period of exclusive negotiations. Revima Group is a leading independent aerospace Maintenance, Repair and Overhaul (MRO) service provider, primarily focused on Auxiliary Power Unit (APU) & […]

The Supervisory Board of Deutsche Lufthansa AG approved the rapid expansion of the Eurowings Group at its meeting on September 26. For this purpose, an investment framework of around EUR 1 billion was approved for the purchase and leasing of aircraft. The funds will be used towards obtaining up to 61 aircraft, including 41 Airbus

BGF has agreed to successfully exit its minority stake in aircraft seat manufacturer, Acro Aircraft Seating. The company will, subject to the satisfaction of certain conditions including regulatory approval, be acquired by Zhejiang Science and Technology Investment Company (ZTC) for £55m. The acquisition will accelerate Acro’s access to the Chinese market. ZTC is the parent

BOC Aviation has delivered an excellent result in the first half of 2017, earning a net profit after tax of US$240m, up 13% compared with the same period last year. The net book value of aircraft, including assets held for sale, increased 25% compared with the first half of last year, to US$12.1bn, reflecting investment

Air Transport Services Group intends to offer, subject to market conditions and other factors, US$200 million in aggregate principal amount of convertible senior notes due 2024 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the

For the first quarter of fiscal year 2018, FedEx has reported revenue of US$15.3bn, compared to US$14.7bn in the first quarter of fiscal 2017. Operating income was US$1.12bn, compared to US$1.26bn the previous year and operating margin was 7.3% compared to 8.6% in the first quarter of fiscal year 2017. Net income was US$596m, compared

Privately held commercial aircraft lessor Intrepid has closed its first Aircraft Finance Insurance Consortium (AFIC) backed financing for one 747-8 Freighter (747-8F), on lease to AirBridge Cargo Airlines. The financing was arranged and underwritten by ING Capital and Apple Bank. The transaction represents the first non-payment insurance backed financing ever closed by an operating lessor

BP has reported an initial investment and the creation of a strategic partnership between its BP Ventures and Air BP businesses with Victor, one of the world’s leading ‘on-demand’ marketplaces for private jet charters. As part of the partnership, BP Ventures has committed to investing US$10m in Victor. In addition, Air BP has entered into

TrueNoord, the regional aircraft lessor, has released that Aberdeen Asset Management, a leading global asset management firm and part of the newly merged investment company – Standard Life Aberdeen, will be co-investing in the company alongside BlackRock who joint as investor in June this year, and Bregal Freshstream who invested in the company in 2016.