Financial

Air Lease Corporation announces pricing of $76.53m of 1.617% notes

Air Lease Corporation announced the pricing of an offering of $76.53m of 1.617% secured notes due 2024 guaranteed by the Export-Import Bank of the United States. The sale of the Notes is expected to close on March 11, 2013, subject to satisfaction of customary closing conditions. The Notes will mature on August 15, 2024 and […]

Air Lease Corporation announces pricing of $76.53m of 1.617% notes Read More »

Air Lease Corporation reports fourth quarter 2012 results

Air Lease Corporation reported another consecutive quarter of fleet, revenue, profitability and financing growth: revenues increased 95% to $656m for the year ended December 31, 2012 compared to $337m for the year ended December 31, 2011. Revenues increased 65% to $190m in the fourth quarter of 2012 compared to $115m in the fourth quarter of

Air Lease Corporation reports fourth quarter 2012 results Read More »

Exchange Income to acquire Regional One for $80m

Exchange Income Corporation has signed a stock purchase agreement to acquire all of the shares of Regional One, a privately-owned US company that is a leading provider of aircraft and engine aftermarket parts to regional airline operators around the world. The acquisition is valued at approximately $80m, subject to adjustments for taxes, and will be

Exchange Income to acquire Regional One for $80m Read More »

Airbus reports strong full year results 2012

Airbus’ consolidated revenues increased by 17% to €38,592m (FY 2011: €33,103m), reflecting strong commercial aircraft deliveries. The Airbus consolidated EBIT more than doubled to €1,230m (FY 2011: €584m). Airbus Commercial revenues amounted to €36,943m (FY 2011: €31,159m), driven by record commercial deliveries of 588 (FY 2011: 534), including 30 A380s. A total of 585 deliveries

Airbus reports strong full year results 2012 Read More »

Top global banks selected to fund new Air Pacific aircraft

Air Pacific, Fiji’s national carrier soon to be flying as ‘Fiji Airways’, announced that  it had selected two major international aviation banks for European export credit financing for its three new A330-200 aircraft. The two banks are German-based: KfW IPEX-Bank and Helaba. The selection of these two well-known international banking partners is the result of

Top global banks selected to fund new Air Pacific aircraft Read More »

AerCap reports fourth quarter and full year 2012 financial results

AerCap reported fourth quarter 2012 net income was $11.2m, compared with $76.4m for the same period in 2011. Fourth quarter 2012 included a $54.6m charge, net of tax, relating to the sale of AerCap’s ALS portfolio which is essentially offset by expected future servicing fees and interest income. Fourth quarter 2012 adjusted net income was

AerCap reports fourth quarter and full year 2012 financial results Read More »

Safran posts record 2012 results

Full-year 2012 adjusted revenue was €13,560m, up 15.5% year-on-year (8.6% organic). Adjusted recurring operating income of €1,471m (10.8% of revenue), rose 23.7% year-on-year. After a net charge of €(50)m for one-off items, mainly related to M&A transaction and integration costs, adjusted profit from operations was €1,421m. Adjusted net income – group share up 55% from

Safran posts record 2012 results Read More »

Bombardier's profit falls

Bombardier Aerospace’s revenues amounted to $2.6bn for the three-month period ended December 31, 2012, compared to $2.0bn for the corresponding period last fiscal year. For the year, revenues totalled $8.6bn, the same level as last fiscal year. EBIT before special items totalled $382 million, or 4.4% of revenues, for the year ended December 31, 2012,

Bombardier's profit falls Read More »