ACE Aviation Holdings released third quarter results for 2012. In the third quarter of 2012, ACE recorded an increase in net assets in liquidation of $8m. This increase is primarily due to the increase in the market value of the shares of Air Canada held by ACE as at the end of the third quarter […]
ACE Aviation reports third quarter results Read More »
Aircastle Limited plans to offer an aggregate of $400m principal amount of its senior notes due 2019. The notes will be offered only to qualified institutional buyers and outside the United States in accordance with Rule 144A and Regulation S, respectively, under the Securities Act of 1933, as amended. Aircastle plans to use the net
Kaman Corporation has closed on a new five-year $500m credit facility replacing its prior $317.5m credit facility. The facility includes a collateralized security agreement and carries a standard financial covenant package, which the company believes reflects current market terms and conditions. The facility consists of a $400 million revolving credit facility and a term loan
Kaman closes on new $500m five-year credit facility Read More »
During the third quarter of 2012, AviancaTaca Holding S.A, reported operating income of US$1.1075bn. This is equivalent to an increase of 8.1% with respect to the same period of 2011, removing the non-recurring revenue for expired tickets recorded in the third period of 2011. Operating profit reached US$116.6m. EBITDAR (earnings before interest, tax, depreciation, amortization
AviancaTaca Holding S.A earns net profit of US$56.3m Read More »
Cargolux Airlines International confirmed that Qatar Airways intends to exit its 35% shareholding in Cargolux. Albert Wildgen, who joined the Cargolux Board of Directors on September 8th 2011, also announced his decision to step down from his post as Chairman at the next meeting of the Board of Directors on 30 November 2012. Notwithstanding these
Cargolux confirms ownership change Read More »
airberlin, Germany’s second-largest airline company, significantly improved its net income for the traditionally strong third quarter, in comparison with the previous year. At the same time, it was able to offset strongly increasing external cost through the successful efficiency-improvement program “Shape & Size”, which will lead to an improvement of €230m in operations this year.
airberlin increases third quarter profit Read More »
ACE Aviation Holdings (ACE) has sold to Cormark Securities, as investment dealer, a total of 31m shares of Air Canada and 2.5m warrants to purchase Air Canada shares at exercise prices of $1.51 (1.25m warrants) and $1.44 (1.25m warrants), for total net proceeds to ACE of approximately $58m. As a result, ACE no longer holds
ACE Aviation announces sale of Air Canada shares and warrants Read More »
Avcorp Industries announced its financial results for the quarter ended September 30, 2012. The Company recorded a loss from operations of $1.4m on $19.3m revenue, as compared to a $186,000 operating loss on $20.4m revenue for the same quarter in the preceding year; and a net loss for the current quarter of $2.7m as compared
Avcorp announces 2012 third quarter results Read More »
DVB Group released that consolidated net income before IAS 39 and taxes rose to €125.6m – a 7.8% year-on-year increase. Once again, the volatile net result from financial instruments in accordance with IAS 39 weighed on income before taxes which – as a result – declined by 2.0%, to €104.3m. Total income (comprising net interest
DVB Group reports total income up 6.2% in the first nine months of 2012 Read More »
LATAM Airlines Group reported net income of US$21.3m in the third quarter 2012, excluding a one-time accounting charge of US$70.4m related to the publication of the law increasing the Chilean corporate income tax rate from 17% to 20%. This figure also excludes US$19.5m of transaction-related expenses resulting from the business combination between LAN and TAM
LATAM Airlines Group reports consolidated financial statements Read More »
