Financial

Rockwell Collins’ shareowners overwhelmingly approved the proposed acquisition of Rockwell Collins by United Technologies Corp. More than 96% of all votes cast, representing more than 72% of all shares of common stock outstanding on the record date for the special meeting, were in favor of the transaction. Upon satisfaction of required regulatory and other customary […]

Delta Air Lines has reported financial results for the December quarter 2017. Adjusted pre-tax income for the December 2017 quarter was US$1.0bn, despite a US$60m impact from the combination of December’s power outage at Atlanta’s Hartsfield-Jackson Airport and Winter Storm Benji. For the full year, adjusted pre-tax income was US$5.5bn, a US$621m decrease relative to

Singapore Technologies Engineering (ST Engineering) has released that its aerospace arm Singapore Technologies Aerospace (ST Aerospace), through its subsidiary ST Aerospace Engines (STA Engines) has injected its proportional share of US$1.47m (approximately S$1.96m) into the capital of its 50%-jointly controlled company, Total Engine Asset Management (TEAM). This injection will support the expansion of ST Aerospace’s

SIAEC Group has recorded a profit attributable to owners of the parent of SG$74.3mi or the half year ended 30 September 2017. The results for the same period last year included a gain from the divestment of the Group’s 10% stake in Hong Kong Aero Engine Services Ltd (HAESL) to RollsRoyce Overseas Holdings Limited (RROH)

Socomore has reported the acquisition of Sea to Sky Innovations. Sea to Sky is especially oriented towards water based paint strippers for aviation and infrastructure. The company’s manufacturing facility and headquarters are based in Burnaby near Vancouver, BC with sales offices in Asia and Europe. Frederic Lescure, CEO of Socomore said: “We are pleased to

Socomore has reported the acquisition of Sea to Sky Innovations. Sea to Sky is especially oriented towards water based paint strippers for aviation and infrastructure. The company’s manufacturing facility and headquarters are based in Burnaby near Vancouver, BC with sales offices in Asia and Europe. Frederic Lescure, CEO of Socomore said: “We are pleased to

Amedeo, an asset manager and a principal investor focused on widebody aircraft leasing, has completed a management buyout of its majority shareholder Pine Brook, a private investment firm focused on building businesses in the energy and financial services sectors. Financial terms of the private transaction were not disclosed. Amedeo’s four-year partnership with Pine Brook saw

AerCap has signed an agreement to sell a 21-aircraft portfolio to Peregrine Aviation Company (Peregrine), an investment entity established by NCB Capital. NCB Capital has US$37bn of assets under management and is the brokerage arm of the National Commercial Bank, the largest bank in Saudi Arabia. The 21-aircraft portfolio consists of a mix of wide-body