Aviation Capital Group has closed the sale of $300 million of its 4.625% senior notes due January 31, 2018. Proceeds from the offering will be used for general corporate purposes. The joint book-running managers for the offering were Credit Agricole CIB, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities. Including the […]
Aviation Capital Group closes $300m Senior Notes offering Read More »
Delta Air Lines reported financial results for the December 2012 quarter. Delta’s net income for the December 2012 quarter was $238m, excluding special items. Results include the $100m negative impact of Superstorm Sandy on airline and refinery operations. Delta’s net income for 2012 was $1.6bn, excluding special items, a $362m increase over 2011. Delta’s GAAP
Delta Air Lines posts December quarter profit Read More »
Triumph Group signed a definitive agreement to acquire the pump and engine control systems business of Goodrich Corporation (Goodrich Pump & Engine Control Systems or GPECS) from United Technologies Corporation. The acquisition is subject to regulatory approvals and other customary closing conditions and is expected to close in the current fiscal quarter. The acquired business,
Triumph Group to acquire Goodrich Pump & Engine Control Systems Read More »
GE reported fourth-quarter 2012 operating earnings of $4.7bn, up 13% from the fourth quarter of 2011. GAAP earnings from continuing operations were $4.3bn, up 9%. Revenues were $39.3bn for the quarter, up 4%, and $147.4bn for the year. Industrial segment organic revenue growth was 4% for the quarter and 8% for the year. Industrial segment
GE reports fourth-quarter 2012 revenues of $39.3bn, +4% Read More »
Avolon, the international aircraft leasing business, announced its intention to partner with Wells Fargo & Company, a leading diversified financial services company, to form a new joint-venture aircraft leasing business called Avolon Capital Partners Limited (“ACP” or the “Business”). The formation of ACP is subject to a number of regulatory approvals. Since its inception in
Avolon forms joint-venture aircraft leasing business: Avolon Capital Partners Read More »
Pinnacle Airlines Corp. reported that the comprehensive agreements it reached with Delta, the Air Line Pilots Association, International (ALPA) and the Official Committee of Unsecured Creditors (Creditors’ Committee) in Pinnacle’s Chapter 11 cases, have been approved by the Bankruptcy Court overseeing Pinnacle’s cases. The agreements together provide a path for the Company to emerge from
Pinnacle Airlines comprehensive agreements approved by Bankruptcy Court Read More »
In the fourth quarter, AMR reported a net profit of $262m compared to a net loss of $1.1bn in the fourth quarter of 2011. AMR’s fourth quarter results include $350m of net positive reorganization and special items. Excluding reorganization and special items, the net loss in the fourth quarter of 2012 was $88m, a $121m
AMR Corporation reports fourth quarter 2012 net profit of $262m Read More »
Bombardier has successfully closed its issuance of US$2bn aggregate principal amount of new Senior Notes. The issuance is comprised of US$750m aggregate principal amount of Bombardier’s Senior Notes due 2016, which carry a coupon of 4.250% per annum and were sold at par (the “2016 Notes”), and US$1.25bn aggregate principal amount of Bombardier’s Senior Notes
Bombardier closes new issuance of Senior Notes due 2016 and Senior Notes due 2023 Read More »
Bombardier has successfully priced its offering of US$2bn aggregate principal amount of new Senior Notes. The issuance is comprised of US$750m aggregate principal amount of Bombardier’s Senior Notes due 2016, which carry a coupon of 4.250% per annum and will be sold at par (the “2016 Notes”), and US$1.25bn aggregate principal amount of Bombardier’s Senior
Bombardier announces pricing of new issuance of Senior Notes due 2016 Read More »
The Diehl Group, Nürnberg, Germany, has acquired Thales’s minority interest (49%) in Diehl Aircabin GmbH, Laupheim, Germany. Thus, Diehl Aircabin is from now on fully owned by Diehl. Diehl Aircabin mainly supplies commercial air transport aircraft manufacturers with cabin interior lining (panels, hatracks…), air conditioning ducts and crew rest compartments. Diehl Aircabin’s operations are to
Diehl takes over Thales share in Diehl Aircabin Read More »
