Delta Air Lines reported financial results for the December 2015 quarter, including adjusted pre-tax income of US$1.45bn, a US$430m increase year over year. Adjusted net income was US$926m, up 51% from the December quarter of 2014. Delta’s operating revenue for the December quarter decreased 2%, or US$145m, due to US$160m in foreign currency pressures. Passenger […]
Delta Air Lines announces December 2015 quarter profit Read More »
Atlas Air Worldwide has entered into a definitive agreement to acquire privately held Southern Air Holdings, a premier provider of intercontinental and domestic air cargo services, in an immediately accretive, all-cash, debt-free transaction valued at approximately US$110m. The transaction is subject to customary closing conditions and approval by the U.S. Department of Transportation, and is
Atlas Air Worldwide to acquire Southern Air Read More »
Air Astana has reported a net profit for 2015 of US$47.4m, an increase of 144% over 2014. It is the Kazakhstan carrier’s 13th year of profitability. Passenger numbers for the year increased by 2% to 3.86 million, whilst capacity increased by 6%. Total revenue fell by 21% from US$933m to US$738.1m. Commenting on the results,
Air Astana net profit for 2015 increases by 144% Read More »
Finnair has secured financing, arranged by BNP Paribas, for its third Airbus A350-900 XWB, which was delivered on December 30th, 2015. The transaction amounts to approximately €135m, implemented using a Japanese Operating Lease with Call Option (JOLCO) structure, where the transaction amount is treated in Finnair’s IFRS accounting as a loan and the aircraft as
Finnair secures financing for third A350 aircraft Read More »
Israel Aerospace Industries (IAI) and Formula Systems have entered into a definitive agreement for the purchase of TSG – a subsidiary and the military arm of Ness Technologies, engaged in the fields of command and control systems, intelligence, homeland security and Cyber security. The total purchase price in the transaction will be US$50m in cash
IAI and Formula Systems agree to acquire TSG for US$50m Read More »
Global Fixed Income Fund I has financed the US$26m junior tranche of a 12-year finance lease for two Boeing Aircraft operated by Norwegian Air Shuttle. The senior lender is Norddeutsche Landesbank Girozentrale (Nord/LB) with a loan volume of US$68m. Doric GmbH is responsible for the asset management of the aircraft. Floreat Group is a privately-held,
Floreat Group enters aviation finance and leasing sector Read More »
Bohai Leasing completed the acquisition of 100% of Avolon. Bravia Capital Partners originated and structured the transaction with a total enterprise value of approximately US$7bn, bringing Bohai’s investment in commercial aircraft and new orders to over 500 aircraft which, based on this fleet, makes Bohai the fourth largest aircraft leasing company in the world. Bravia’s
Bohai Leasing completes acquisition of Avolon Read More »
HEICO Corporation’s Electronic Technologies Group completed the acquisition of Robertson Fuel Systems. On December 21st, 2015, HEICO announced it had entered into an agreement, subject to regulatory approval which was subsequently received, to acquire Robertson from affiliates of American Securities for US$255m in cash to be paid at closing, to be adjusted for typical post-closing
HEICO Corporation completes Robertson acquisition Read More »
Premier Aviation Overhaul Centre (Premier) and Discovery Air Technical Services (DATS), a wholly owned subsidiary of Discovery Air, released that Premier has now completed the acquisition of substantially all of the assets of DATS on January 8th, 2016. The parties previously announced Premier’s offer to purchase DATS on June 22nd, 2015. Premier Aviation is a
Premier Aviation completes purchase of Discovery Air Technical Services Read More »
Avolon, the international aircraft leasing company, announced the completion of its merger agreement with Bohai Leasing (“Bohai”). As a wholly-owned subsidiary of Bohai, Avolon’s shares have ceased trading on the New York Stock Exchange. Avolon is now a wholly-owned, indirect subsidiary of Bohai Leasing, a global leader in transportation (container and aircraft) leasing. Bohai Leasing
Avolon now core brand of world’s 4th largest aircraft leasing group Read More »
