Financial

Nordic Aviation Capital (NAC) has successfully closed a US$350m Unsecured Syndicated Revolving Credit Facility (RCF). The initial credit facility was arranged by Citi Global Transportation Banking and was supported by BNP Paribas, Crédit Agricole, and Deutsche Bank. The RCF has a 3-year term, and the proceeds will be used to refinance aircraft as well as […]

Morten Beyer & Agnew (mba) was retained by Castlelake, (Castlelake) to provide Aircraft Appraisals, Maintenance Cash Flow Modeling, and Commercial Industry Analysis for debt issued by Castlelake Aircraft Structured Trust 2017-1 (CLAS 2017-1). The ABS portfolio consists of forty-three (43) assets, containing a mix of narrowbody and widebody aircraft, currently on lease to fifteen (15)

Norwegian (NAS) has reported its second quarter results for 2017. The pre-tax result (EBT) was NOK861m (£80.5m). This is slightly down from last year’s result, mainly due to higher oil prices and the air passenger tax implemented by the government in Norway last year. The overall performance was positive in all of Norwegian’s main markets

Stellwagen Finance has closed a Pre-Delivery Payment (PDP) financing facility for AWAS relating to five Boeing 737 Max 8 aircraft expected to be delivered to the lessor via a purchase leaseback transaction with one of its valued airline customers. Stellwagen Finance was the sole arranger sourcing funds from institutional investors for the facility. Simon Glass,

Environmental Tectonics Corporation (ETC) has reported its financial results for the thirteen week period ended May 26, 2017 (the 2018 first quarter). Net income attributable to ETC was US$0.1m in the 2018 first quarter, compared to a net loss attributable to ETC of US$0.5m during the 2017 first quarter. The US$0.6m variance is due to

The Board of Directors of Rockwell Collins has approved the purchase of an additional US$200m of Rockwell Collins common stock. With this additional authorization, total share repurchases authorized as of July 7, 2017 is US$285m. “This additional authorization demonstrates the Board of Directors’ continued confidence in our ability to generate cash flow needed to achieve

StandardAero Aviation Holdings and Airbus have entered into exclusive negotiations with respect to an acquisition by StandardAero of Vector Aerospace Holding SAS from Airbus. Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for turbine engines, components, fixed- and rotary-wing aircraft. A truly international company, it generated revenues of US$

It has been announced that along with its Sun d’Or International Airlines (2U, Tel Aviv Ben Gurion) unit, El Al Israel Airlines (LY, Tel Aviv Ben Gurion) has entered into an agreement with IDB Development, IDB Tourism and Israir (6H, Tel Aviv Sde Dov) to purchase all issued and paid-up share capital of Israir. It