Financial

SmartSky Networks, reported the closing of over US$170m in a multi-tranche Series B financing, completing the equity funding for the deployment of its nationwide network. With this financing, the Company has raised approximately a quarter of a billion dollars in equity capital. Goldman, Sachs & Co. acted as exclusive placement agent on the transaction. SmartSky […]

GE Aviation has acquired Critical Technologies, branded as AirVault, a privately-owned supplier of cloud-based digital records management. AirVault’s expertise to digitally manage mission-critical records across an industrial supply chain network strengthens GE’s ability to focus on asset lifecycle management and maintenance optimization for the aviation industry. The combination of AirVault and GE will further enable

BOC Aviation Limited reported its audited financial results for the full year ended December 31, 2016. Robert Martin, Managing Director and Chief Executive Officer, said: “2016 was an outstanding year for BOC Aviation that included another year of record profitability, following a successful initial public offering. Our net profit after tax of US$418m represented a

El Al Israel Airlines reported that the Company’s revenues in 2016 amounted to approx. US$2,038m, compared to approx. US$2,054m in the previous year. Profit before tax in 2016 was approx. US$93m, compared to a profit before tax of approx. US$145m in the previous year. The Company completed 2016 with a net profit of approx. US$81m

TrueNoord has closed the first tranche of a term financing facility with DVB bank and PK AirFinance of Luxembourg for four of the six Embraer E190 aircraft that it purchased from BOC Aviation in January with leases attached. These four aircraft are operated by AeroMexico and TUI (Jetairfly) Belgium. This new portfolio of six globally

AAR has reported third quarter Fiscal Year 2017 consolidated sales of US$446.7m and income from continuing operations of US$13.1 million. For the third quarter of the prior fiscal year, the Company reported sales of US$412.1m and income from continuing operations of US$9.9m. Sales in Aviation Services increased 9.6% in the quarter reflecting continued strong performance

PPG (PPG) has made a revised proposal on March 20, 2017 to acquire Akzo Nobel for €90.00 (cum dividend) per ordinary share, comprised of cash of €57.50 and 0.331 share of PPG common stock. This represents an increase of €7.00 per ordinary share from PPG’s initial offer. Including the assumption of net debt and minority

National airline Garuda Indonesia and its subsidiaries maintained positive performance throughout 2016 with a net profit of US$9.36m, or the equivalent of IDR 124.5bn (exchange rate IDR 13.300 per US$), while carrying a total of 35 million passengers on both Garuda Indonesia and Citilink Indonesia. Referring to the performance review of the Asia Pacific aviation

Lufthansa Technik, headquartered in Hamburg, continued its track record for international growth in 2016 and produced a good result with significantly more investment. The increase in revenue with non-group companies overcompensated the decline in internal orders. Sales revenue climbed by €45m from €5.099bn to €5.144bn. The company achieved earnings before interest and tax (adjusted EBIT)

Burnham Sterling & Co., a financial advisory firm specializing in transportation assets, has acted as lead arranger and sole book runner in a privately placed transaction for Avianca, Latin America’s second largest airline, for three aircraft, including two Airbus A320 family and one Boeing 787. The transaction utilized the Enhanced Aviation Investment Vehicle (EAIV) private