Financial

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

Bombardier has released its 2018 guidance and confirmed that its five-year turnaround plan remains on track. The Company also affirmed its 2017 guidance, as revised with the announcement of its third quarter 2017 results. For 2018, Bombardier is targeting revenues in the range of US$17.0bn to US$17.5bn which represents a year-over-year increase of approximately US$1.0bn

Funds affiliated with Apollo Global Management, (together with its consolidated subsidiaries, Apollo) have signed a definitive agreement to acquire Sun Country Airlines, the largest privately-held fully independent airline in the United States, from brothers Marty and Mitch Davis. The transaction, which is subject to regulatory approvals and other customary conditions, is targeted to close during