Financial

Safran has reached an agreement to sell Morpho Detection, a US-based subsidiary of Safran, and other detection related activities to Smiths Group for an enterprise value of US$710m. Headquartered in Newark, California, Morpho Detection provides solutions for detecting and identifying chemical, biological, radiological, nuclear and explosive threats as well as other illicit items to improve […]

Alaska Air Group reported record first quarter net income, excluding special items, of US$183m, a 23% increase over the first quarter of 2015. Adjusted diluted earnings per share of $1.45 was a 29% increase over the first quarter of 2015. This quarter’s results exceed First Call analyst consensus estimate of $1.42 per share. Alaska posted

For the first quarter of 2016, total revenue was US$8.2bn, a decrease of 4.8% year-over-year. First-quarter 2016 consolidated passenger revenue per available seat mile (PRASM) decreased 7.4% and consolidated yield decreased 6.1% compared to the first quarter of 2015. The decline in PRASM continues to be driven by economic factors including a strong U.S. dollar

BOC Aviation has issued US$750m 10-year fixed rate Rule 144A/Regulation S senior unsecured notes due 2026. The transaction was issued under BOC Aviation’s US$5bn Global Medium Term Note Program. The joint bookrunners for the issue were BOC International, Citigroup, Goldman Sachs, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan, Morgan Stanley, BNP Paribas and

In the first half of its 2015/2016 fiscal year, Zodiac Aerospace generated revenue of €2,489.1m, up 7.1% in reported data, down 1.7% in organic terms. Changes in consolidation had a positive impact of 0.2 percentage points on first-half growth, while foreign exchange contributed a positive 8.6 points. Current Operating Income before IFRS 3 was €80,4m,

Waypoint Leasing (Ireland), an independent global helicopter leasing company, has closed on a US$100m term loan facility led by Lombard North Central. The facility has a maturity of approximately six years and provides for USD, EUR and GBP funding capacity on a delayed draw basis. The company will use the proceeds of this transaction to

Singapore Technologies Engineering reported that its aerospace arm has secured new contracts worth US$443m in the first quarter (1Q) of 2016, for projects ranging from airframe maintenance and cabin interiors, to engine wash, and component repair and overhaul. The 1Q2016 value has taken in Elbe Flugzeugwerke’s new orders for the first time, following the completion

Nordic Aviation Capital (NAC) is to acquire Irish aviation leasing company Aldus Aviation Limited (Aldus), the Shannon-based specialist in Embraer E-Jet operating leases. Founded in 2008, the business has steadily expanded and today manages a fleet of 30 E-Jet aircraft, operating with airlines around the world. Aldus is a good fit for NAC, the world’s

Avcorp Industries reported its annual financial results for the year ended December 31, 2015. During the year ended December 31, 2015 Avcorp Group revenues totaled CAD$79,925,000 as compared to CAD$67,104,000 revenue for the previous year; a strong 19% annual revenue increase for 2015 as compared to 2014. Both commercial and defence programs, for all customers,

Atlas Air Worldwide Holdings has completed its acquisition of privately held Southern Air Holdings, a premier provider of intercontinental and domestic CMI (crew, maintenance and insurance) services, in an immediately accretive transaction for cash consideration of approximately US$110m, subject to customary adjustments. The company did not assume any debt in connection with the acquisition. The