Morten Beyer & Agnew (mba) was retained by Sky Aviation Leasing International to provide Aircraft Appraisals, Maintenance Cash Flow Modeling, and Commercial Industry Analysis for debt issued by S-JETS 2017-1. The Asset Backed Securitization (ABS) portfolio consists of twenty-one assets, containing a mix of narrowbody and widebody aircraft, currently on lease to sixteen airlines spanning […]
Platinum Equity has signed a definitive agreement to acquire global aerospace and defense supply chain provider Pattonair from Exponent Private Equity. Financial terms of the transaction were not disclosed. The transaction is expected to close during the fourth quarter of 2017. Headquartered in Derby, UK, Pattonair is a leading global supply chain provider boasting a
Platinum Equity to acquire Pattonair Read More »
Dubai Aerospace Enterprise (DAE) has completed the previously announced acquisition of the AWAS group of companies. The acquisition of AWAS propels DAE into the top tier of global aircraft lessors. DAE will now conduct its aircraft leasing business using the DAE Capital brand name. DAE Capital now features an owned, managed and committed fleet of
DAE completes acquisition of AWAS Read More »
HEICO Corporation has reported that its Electronic Technologies Group entered into a stock purchase agreement to acquire 100% of the stock of AeroAntenna Technology Inc. (AAT). Chatsworth, CA-based AAT is a leader in the design and production of high performance active antenna systems for critical defense applications, precision guided munitions, commercial aircraft and other commercial
HEICO Corporation signs agreement to buy AeroAntenna Technology Read More »
LATAM Airlines Group reported an operating income of US$48.2m and an operating margin of 2.1% for the quarter, an increase of 2.0 points compared to the same period last year. Despite being seasonally the weakest quarter of the year, these results reflects important improvements in revenue and cost management that LATAM has been able to
Posting its first interim loss since 2012, Cathay Pacific has blamed its HK$2.05bn interim loss on stiff competition both from Chinese airlines as well as low-cost carriers. Hong Kong-based Cathay Pacific had been expected to post a loss, but analysts had underestimated it with a projected HK$1.2bn deficit.Passenger revenue fell to HK$32.1bn, 3.9 percent down
Massive Cathay Pacific interim loss blamed on low-cost carriers Read More »
Singapore Technologies Engineering (ST Engineering) has announced that Group revenue for its second quarter ended 30 June 2017 (2Q2017) came in 8% higher at S$1.76bn compared to S$1.62bn in the same period last year. Group quarterly Profit before tax (PBT) fell 12% year-on-year to S$149.8m from S$170.3m, mainly due to an S$8.1m loss from the
ST Engineering reports lower profits in second quarter 2017 Read More »
Israel Aerospace Industries, Israel’s largest national military and civilian security defense company, has issued its consolidated financial statements for the quarter ended June 30, 2017. In the second quarter 2017, the Company reported a record growth in order backlog to US$11.1bn. The Company reported sales totaling US$859m in the second quarter of the year, as
IAI posts second quarter net income of US$21m Read More »
The HAECO Group reported an attributable profit of HK$348m for the first six months of 2017. This compares with a profit of HK$1,111m for the equivalent period in 2016, which included a gain of HK$805m on disposal of the interest of Hong Kong Aero Engine Services Limited (HAESL) in Singapore Aero Engine Services Pte. Limited
HAECO Group reports first half-year results Read More »
After posting a series of annual losses, including €780 million in 2016, Air Berlin, Germany’s second-largest carrier by passenger numbers, has filed for bankruptcy protection after Gulf carrier Etihad Airways, a 30% stakeholder in the company, withdrew any further financial support. Air Berlin has been granted a €150 million bridging loan to enable it to
Air Berlin files for insolvency Read More »
