Financial

HEICO Corporation reports record net income for third quarter of fiscal 2012

HEICO CORPORATION reported that net income increased 13% to a record $23.1m for the third quarter of fiscal 2012, up from $20.4m for the third quarter of fiscal 2011. For the first nine months of fiscal 2012, net income increased 13% to $61.3m, up from $54.3m for the first nine months of fiscal 2011. Operating […]

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AerCap Holdings N.V. purchases 10 million shares held by Cerberus

AerCap Holdings N.V. purchased 10 million ordinary shares in AerCap held by Cerberus Capital Management, L.P. through its affiliate, Fern S.a.r.l. in a privately negotiated transaction today. The aggregate purchase price for 10 million ordinary shares is $120m which represented a discount of $0.09 per share from the $12.09 closing price of the ordinary shares

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ILFC announces pricing of $750m of 5.875% senior notes

International Lease Finance Corporation has priced, and entered into an agreement to issue and sell, subject to certain conditions, $750m aggregate principal amount of 5.875% senior notes due 2022 pursuant to an effective registration statement filed on July 23, 2012 with the Securities and Exchange Commission. ILFC expects to close the offering on August 21,

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AviancaTaca Holding S.A. reports first semester 2012 net income of COP$71bn

AviancaTaca Holding reported second quarter 2012 operating revenue of COP$ 1.8tri (US$1.0bn), a 12.9% increase compared to the same period in 2011. This result is mainly due to a 12.9% increase in pax revenue fueled by an 11.6% increase in passenger traffic compared to the second quarter in 2011. Operating income in the second quarter

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A J Walter Aviation moves to close purchase agreement for component repair business of Aveos

Judge Jean-Yves Lalonde of the Superior Court of Québec, sitting in and for the Commercial Division for the District of Montreal, issued the approval and vesting order requested by the Chief Restructuring Officer and Monitor authorising the sale by Aveos Fleet Performance of the assets of its component repair business to A J Walter Aviation.

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Bombardier Aerospace reports financial results for 2nd quarter 2012

Bombardier Aerospace’s revenues totalled $2.3bn, compared to $2.1bn last fiscal year. EBIT totalled $102m translating into an EBIT margin of 4.5% for the second quarter ended June 30, 2012, compared to $105m, or 5%, last fiscal year. Free cash flow usage totalled $504m compared to a usage of $448m for the corresponding period last fiscal

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