Financial

ACE Aviation Holdings (ACE) announced the final results of its previously announced offer (the Offer) to indirectly purchase for cancellation all of its outstanding preferred shares, which Offer was launched on February 11, 2009 and expired at 5:00 p.m. (Montreal time) on March 19, 2009. Based on final reports from CIBC Mellon Trust Company, the […]

FedEx Corp. reported consolidated revenue of $8.14 billion, down 14% from $9.44 billion the previous year, operating income of $182 million, down 72% from $641 million a year ago, operating margin of 2.2%, down from 6.8% the previous year and a net income of $97 million, down 75% from last year

AAR reported net income of $20.0 million for the third quarter ended February 28, 2009. Year over year, sales declined from $376.6 million to $338.8 million due mainly to lower sales in the Aircraft Sales and Leasing segment. Excluding Aircraft Sales and Leasing, sales were essentially unchanged from last year.

Deutsche Lufthansa AG successfully concluded the placement of a five-year 850 Million Euro benchmark bond, herewith securing further long term financing. The 6.75% bond, which is due 24 March 2014, had a re-offer price of 99.555% to give a spread of mid swaps plus 410 basis points. The issue was fivefold over-subscribed. Joint Bookrunners were

Triumph Group reported the acquisition of Merritt Tool Company, a manufacturer of aircraft structural components specializing in complex precision machining primarily for commercial and military aerospace programs. The acquired business, which will operate as Triumph Structures-East Texas, Inc. and be part of Triumph Aerospace Systems Group, is expected to add approximately $30 million of revenue

Babcock & Brown Air Limited has agreed to repurchase $100 million principal amount of its securitization notes for $48 million in a privately negotiated transaction. The transaction will be funded from the Company’s available cash. B&B Air recently reported its 2008 financial results, which showed that in its first full year as a listed company

As announced by ExelTech Aerospace on February 19, 2009, it entered into discussions with the holders of convertible debentures which mature February 26, 2009 (the “Debentures”) and obtained the consent of a requisite number of holders to extend the maturity date of the Debentures for a period of three months, to May 29, 2009. The

The Lufthansa Group increased its offer and sales during the past business year. The Group was able to almost reproduce its previous year

DVB Group (DVB) presented its financial statements for the 2008 business year. Maintaining its consistent focus on the global Transport Finance business, the Bank followed up on the record figures posted for 2007 with a very satisfactory result, in spite of all the challenges brought about by the spreading crisis in the financial markets and

BAE Systems has entered into a definitive agreement to acquire Advanced Ceramics Research, Inc., a Tucson, Arizona-based producer of small Unmanned Aircraft Systems (UAS) and advanced ceramic materials. The transaction is a stock purchase of a private company, and will be completed following receipt of regulatory approvals. The acquisition supports BAE Systems’ UAS strategy. To