AWAS has closed its first Private Placement Term Loan. Aviation Finance Company (AFC) acted as Lead Arranger and Sole Book Runner, with CACIB, Goldman Sachs and Wells Fargo as Co-Leads and BNP Paribas as Manager. The proceeds from the transaction were used to repay the existing debt on ten young narrow-body aircraft and for general […]
AWAS closes first Private Placement for $350m Read More »
easyJet reported revenue per seat at constant currency for the three months to September 30th, 2014 is expected to grow by around 1.5% driven by a strong finish to the summer season. Revenue per seat at constant currency for the six months to 30 September 2014 is expected to grow by around 2%. Cost per
easyJet posts revised profit forcast Read More »
Hawthorne Global Aviation Services (Hawthorne) announced the acquisition of Heartland Aviation at Chippewa Valley Regional Airport (KEAU) in Eau Claire, Wisconsin. Heartland is the fifth Fixed Based Operation (FBO) in Hawthorne’s nationwide network, and its third acquisition in the last six months. The new Hawthorne Eau Claire FBO has a recently-renovated passenger terminal and first
LCI, the aviation leasing division of the Libra Group, has successfully closed a five-year, $325m asset–backed credit facility for its helicopter-leasing arm LCI Helicopters. The facility was substantially over-subscribed resulting in an enlarged provision to meet demand. An option to increase the facility to $425m was also added. The funds will be used to expand
LCI successfully closes $325m secured asset-backed facility Read More »
Lufthansa Pension Trust has successfully placed approximately 13.5m shares of Amadeus IT Holding, S.A. by way of an institutional private placement. With the sale of the shares, which represents 3% of the shares in Amadeus IT Holding, S.A., the pension fund raised gross proceeds of €388m. Accordingly, the Lufthansa Pension Trust’s stake in Amadeus will
Lufthansa Pension Trust sells 3% shares in Amadeus Read More »
Esterline Corporation, a leading specialty manufacturer serving primarily aerospace and defense markets, has agreed to acquire the aerospace and defense display businesses of Barco N.V. These operations are recognized globally as best-in-class designers and manufactures of high-technology, harsh-environment displays and visualization solutions, holding well-established positions in Avionics, Defense, Air Traffic Control, and Training and Simulation
AAR reported first quarter fiscal year 2015 consolidated sales of $469.2m and net income of $14.4m. For the first quarter of the prior fiscal year, the Company reported sales of $514.5m and net income of $17.9m. First quarter sales to commercial customers represented 65% of consolidated sales, compared to 58% of consolidated sales in the
AAR reports first quarter fiscal year 2015 net income of $14.4m Read More »
FLY Leasing, a global lessor of modern commercial jet aircraft, intends to offer and sell $400m in aggregate principal amount of its senior unsecured notes in an underwritten public offering. The offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (the “SEC”) and is
FLY Leasing announces proposed offering of senior unsecured notes Read More »
AIM Aviation, the UK-based leading designer of custom cabin interiors for the world`s major airlines, acquired Altitude Aerospace Interiors from Air New Zealand. Altitude Aerospace Interiors, based in New Zealand, is a leading designer of custom cabin interiors and is ideally situated for the Far East and Australasian markets, thereby complementing AIM’s strong presence in
AIM Aviation acquires Altitude from Air New Zealand Read More »
GKN Aerospace has agreed a major risk and revenue sharing partnership (RRSP) with Pratt & Whitney, covering the supply of key components for the PurePower PW1900 Geared Turbofan (GTF) engine – which will power the Embraer 190 and the 195-E2 narrow body, medium range aircraft. The agreement, under which GKN Aerospace will take a 7%
GKN Aerospace enters into risk and revenue sharing agreement with P&W Read More »
