TransDigm Group Incorporated (TDG) has completed the acquisition of ILC Holdings, the parent company of Data Device Corporation, from Behrman Capital for a total purchase price of US$1.0bn in cash. TransDigm financed the acquisition with cash proceeds from the recently completed term loan and notes offerings. The acquisition of DDC was previously announced on May […]
TransDigm completes acquisition of Data Device Corporation Read More »
On 22 June 2016, Finnair Plc signed a binding €175m syndicated revolving credit facility for general corporate purposes. The coordinator and bookrunner for the facility is Skandinaviska Enskilda Banken AB (publ). Danske Bank, Nordea Bank, OP Corporate Bank and Swedbank AB (publ) also joined with equal tickets. The loan replaces a syndicated revolving credit facility
€175m revolving credit facility for Finnair Read More »
Bombardier has reached a definitive agreement for the sale of its Amphibious Aircraft program to British Columbia-based Viking Air Limited. The agreement covers the Type Certificates for all variants of the aircraft, the CL-215, the CL-215T and the Bombardier 415 aircraft as well as after-market services. The completion of this transaction is subject to the
Bombardier signs agreement to sell Amphibious Aircraft Program to Viking Air Limited Read More »
Liebherr’s total turnover in 2015 was €9,237m, the highest figure in the Group’s history and an increase of €414m or 4.7% compared with the previous year. In 2015 the Liebherr Group recorded a surplus of €294m, €22m below the 2014 figure. The operating result was slightly above the previous year’s level. The financial result was
Liebherr Group’s turnover in 2015 reaches €9,237m Read More »
Lufthansa Technik AG has entered into a strategic partnership with the aviation data and records management software provider FLYdocs. As part of this agreement, Lufthansa Technik has become shareholder in the FLYdocs business, replacing the Private Equity partner GCP. FLYdocs will remain an independent entity that continues to drive the digitalization of paper-based processes under
Lufthansa Technik enters into strategic partnership with FLYdocs Read More »
Burnham Sterling & Co., a financial advisor specializing in asset financing, has closed a US$450m private placement for the world’s second largest airline, Delta Air Lines. Burnham Sterling and affiliates have now financed 48 mainline aircraft and raised over US$1bn in private placement transactions directly for Delta Air Lines.
Delta Airlines and Burnham Sterling close US$450m in private placements Read More »
EL Al reported revenues of US$396.5m as compared to US$419.8m during the parallel period last year. Net loss amounted to US$21.4m, while a loss of US$16 million dollars was recorded in the same period in 2015. Cash reserves at the end of the quarter totaled US$210.5m as compared to US$143m last year, and cash flow
EL AL reports first quarter net loss of US$21.4m Read More »
Air Lease Corporation (the Company)amended and extended its unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent and the lenders named therein (as amended, the “Syndicated Unsecured Revolving Credit Facility”) whereby the Company extended the maturity date from May 5, 2019 to May 5, 2020 and increased total revolving commitments to US$3.13bn
Air Lease Corporation increases unsecured revolving credit facility to US$3.13bn Read More »
Nordic Aviation Capital has completed the closing of the first ever turboprop JOLCO financing for a lessor. The aircraft, an ATR72-600, was delivered to the world’s largest turboprop lessor in May, and financed with a JOLCO arranged by FPG AIM and with the equity arranged and underwritten by FPG. The senior loan was arranged by
AerCap Holdings announced that its Board of Directors has authorized a new US$250m share repurchase program, which will run through September 30, 2016. This program is in addition to the US$400m share repurchase program announced on February 23, 2016, which runs through June 30, 2016. Repurchases under the program may be made through open market
AerCap Holdings N.V. authorizes share repurchase program of US$250m Read More »
