Financial

Rockwell Collins reported third quarter fiscal year 2013 earnings per share of $1.20, $0.06 higher than earnings per share of $1.14 in the same quarter last year. The 5% increase in earnings per share was due to improved operating performance and the benefit of share repurchases. Net income for the third quarter of 2013 was […]

Forward Air Corporation reported that operating revenue for the quarter ended June 30, 2013 increased 7.8% to $159.8m from $148.3 m for the same quarter in 2012. Income from operations was $22.5m, compared with $23.1m in the prior-year quarter. As a percent of operating revenue, income from operations was 14.1%, compared with 15.6% in the

AMR Corporation, the parent company of American Airlines reported results for the second quarter ended June 30, 2013. AMR reported consolidated and mainline passenger revenue of $5.6bn and $4.9bn, respectively – the highest passenger revenue for the second quarter in company history. Net profit was $357m, excluding reorganization and special items, a $262m improvement year-over-year.

Republic Airways has entered into an agreement with an affiliate of the Brazilian Development Bank (BNDES) for the financing of 47 Embraer E175 aircraft. The aircraft will provide service under the terms of the capacity purchase agreement (CPA) with American Airlines announced in January and will fly under the American Eagle brand.

US Airways Group released that its shareholders approved the merger agreement with AMR Corporation (AAMRQ), the parent company of American Airlines. The merger agreement was approved by the affirmative vote of the holders of a majority of the outstanding shares of US Airways stock, which represented over 99% of the votes cast by US Airways

DVB Bank was the exclusive financial advisor to Marubeni Corporation (Marubeni), in a landmark transaction for the acquisition of 15.25% stake in Aircastle Limited (Aircastle) for US$209m, through issuance of new shares. The transaction was announced on 6 June 2013 and closed on 12 July 2013 after having received regulatory approvals from the US and

FLY Leasing, a leading global lessor of modern commercial jet aircraft, has increased the size of its aircraft acquisition facility from $250m to $450m. The facility’s availability period has also been extended for two years, followed by a three year term out period to July 2018. The margin on the facility was reduced by 0.50%

A €180m syndicated revolving credit facility for Finnair Plc. with Handelsbanken as coordinator and Handelsbanken, Pohjola, Nordea, Skandinaviska Enskilda Banken and Danske Bank as mandated lead arrangers, was signed on 2nd July 2013. The Facility carries a maturity of 3 years.

Nimrod Capital and Doric Lease announced the successful listing of a new investment company on the London Stock Exchange (LSE). Doric Nimrod Air Three Ltd. (“DNA3”) aims to pay a quarterly dividend equivalent to 8.25% annum (based on the issue price of 100 pence per share) following the purchase and leasing of four Airbus A380