Financial

AerCap Holdings N.V. has entered into a definitive agreement with American International Group, (AIG) under which AerCap will acquire 100% of the common stock of International Lease Finance Corporation (ILFC), a wholly-owned subsidiary of AIG. Under the terms of the agreement, AIG will receive $3.0bn in cash and 97,560,976 AerCap shares. The transaction is expected […]

Finnair has signed a Memorandum of Understanding with global aircraft leasing and financing company GECAS (GE Capital Aviation Services) on the sale and leaseback of two Airbus 330 aircraft and two ordered Airbus 350 aircraft. The value of the arrangement is approximately €320m. The financial arrangement is a part of the long-haul fleet renewal program,

Macquarie Infrastructure Company (MIC) released that its Atlantic Aviation business has entered into an agreement to acquire certain of the assets of Galaxy Aviation, including substantially all of the assets of five fixed base operations (FBOs) and one new hangar that is currently under construction at one of the five airports at which the FBOs

Monarch Aircraft Engineering reported 24.2% increase in revenues to £107.2m for the full year 2013 and 26% growth in revenue from 3rd party customers. MAE posted 80% increase in maintenance capacity following the opening of a new state-of-the-art facility at Birmingham Airport. Furthermore the company introduced Bombardier and Embraer type aircraft servicing capability.

Boeing, which released its seventh annual aircraft finance market forecast on December 10th, projects that investors and financiers in the major aircraft finance markets will deliver balanced liquidity to fund what is expected to be another record global jetliner production year in 2014. Boeing forecasts industry jetliner deliveries in 2014 totaling $112bn, with 95% of

Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, confirmed that it completed the acquisition of PGA Electronic (“PGA”) on December 5, 2013 for approximately $31.2m. Approximately $17.5m of the purchase price was paid in cash and the balance was paid by the issuance of 264,168 shares of Astronics

Republic Airways Holdings has closed on the sale of Frontier Airlines to an investment fund affiliated with Indigo Partners LLC. Effective upon the closing of the sale, David Siegel, CEO and President of Frontier Airlines, resigned from Republic’s Board of Directors.

AAR CORP. released that its 100% owned subsidiary, Telair International GmbH, has signed a definitive agreement to purchase the cargo loading system assets of Speyer, Germany based PFW Aerospace GmbH. The acquisition will enhance Telair’s market position as one of the leading suppliers globally of cargo loading and baggage handling systems. Upon completion of a

Aircastle plans to offer an aggregate of $300m principal amount of its senior notes due 2018. Aircastle plans to use the net proceeds of the offering for general corporate purposes, including the purchase of aviation assets. Citigroup Global Markets, Goldman, Sachs & Co., J.P. Morgan Securities and RBC Capital Markets are acting as joint book-running

The U.S. Bankruptcy Court for the Southern District of New York approved the settlement of the lawsuit reached with the U.S. Department of Justice and certain states relating to the merger of AMR Corporation and US Airways Group. The court also ruled that the merger may be consummated despite the pendency of a private antitrust