Financial

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

Aviation Capital Group (ACG) has announced that its parent company, Pacific Life Insurance Company, has closed a transaction with Tokyo Century Corporation (TC) that results in an investment by TC for a 20% membership interest in ACG. In addition to this initial investment, TC has agreed to provide additional capital to ACG to help accelerate

The Boeing board of directors has replaced the existing share repurchase program with a new US$18bn authorization. The company this year has repurchased US$9.2bn worth of its shares from the US$14bn authorization approved in December 2016. The new repurchase program replaces the existing one, bringing the total authorization to US$18bn. The timing and volume of

At its Investor and Analyst Day 2017, MTU Aero Engines AG provided an outlook for the period to 2025. 2017 marks the end of the company’s most substantial investment phase, from which it emerged with an increased adjusted EBIT margin. In 2018, MTU will move into a consolidation phase during which the company expects a

Rolls-Royce has obtained the approval of all the relevant authorities for the acquisition of the outstanding 53.1% shareholding in Industria de Turbo Propulsores SA (ITP) owned by SENER Grupo de Ingeniería SA (SENER). Approval from the authorities in Spain paves the way for Rolls-Royce to conclude the acquisition, which was originally announced on July 11,

AeroParts & Supply (APS), an aircraft parts distribution and repair station located at Dallas Executive Airport (KRBD), has reported that as of December 1, 2017, it has been acquired by a group of aviation investors led by James Noe of RBR Maintenance Inc. James personally has more than 30 years of experience in aviation maintenance,

Bombardier has successfully closed its previously announced offering of US$1,000,000,000 aggregate principal amount of new Senior Notes due December 1, 2024, which carry a coupon of 7.50% per annum and were sold at par (the Notes). Bombardier intends to use the net proceeds of this offering of Notes to finance a previously announced tender offer

Airborne Capital has announced its launch with a strong industry experienced management team, and with substantial backing from FEXCO Group, Ireland’s largest privately owned financial services company. The company has aggressive plans to grow the business to have aircraft asset under management of over US$5bn within the first five years of being set up. Headquartered