Financial

Government of Singapore Investment Corporation invests US$300 million in Avolon

Avolon announces a US$300 million equity capital commitment from GIC, a leading sovereign wealth fund, subject to customary regulatory approval. Avolon has now secured a total of US$1.4 billion in equity capital from GIC and leading private equity firms, Cinven, CVC Capital Partners and Oak Hill Capital Partners. The equity commitment from GIC adds geographic diversity […]

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Finnair Group report January-September 2011 results

In January–September 2011, the Finnair Group’s turnover was 1 680.3 million euros (1 506.4 million euros in the corresponding period of 2010). The Group’s operational result, i.e. EBIT, excluding non-recurring items, capital gains and changes in the fair value of derivatives and in the value of foreign currency denominated fleet maintenance reserves was a loss

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LAN Airlines reports decreased net income for third quarter 2011

LAN reported net income of $94.5 million in third quarter 2011, a decrease of 11.0% compared to the $106.2 million reported in third quarter 2010. Total revenues in third quarter 2011 reached $1,486.5 million compared to $1,152.3 million in third quarter 2010, operating income reached $161.2 million in third quarter 2011, a 2.9% increase compared

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MTU Aero Engines posts net income of €134.6 million for first 9 month

MTU Aero Engines Holding AG increased its revenues in the first nine months of 2011 by 4% to € 2,067.3 million (1-9/2010: €1,992.3 million). The company’s operating profit rose by 8% to € 244.3 million (1-9/2010: €226.1 million), while net income improved by 9% to €134.6 million (1-9/2010: €124.0 million). The EBIT margin thus rose

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Boeing reports third-quarter results and raises 2011 EPS guidance

Boeing reported third-quarter net income of $1.1 billion (up 31%) on revenue of $17.7 billion (up 4%).  Operating margin of 9.7% (up 1.5 pts) reflects continued strong core performance across the company’s businesses, partially offset by higher pension expense.  The company increased its 2011 earnings per share guidance to between $4.30 and $4.40 per share reflecting the strong core

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AerCap signs $400 million credit facility for twelve Boeing 737-800s

AerCap Holdings N.V. has signed a new $400 million credit facility with a ten year term to provide long term financing for 12 Boeing 737-800 aircraft. The aircraft will be leased to American Airlines and form part of AerCap’s previously announced transaction with American Airlines for the purchase and leaseback of 35 Boeing 737-800 aircraft.  

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Safran reports 5.2% growth in third-quarter

For the third quarter 2011, Safran’s revenue was Euro 2,728 million, compared to EUR 2,593 million in the same period a year ago, a 5.2% year-on-year increase. Group revenue increased by 4.2% organically. Third-quarter 2011 revenue increased by Euro 135 million on a reported basis, highlighting growth in aerospace (civil original equipment and services) and Security (acquisition driven), while

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