Apollo Aviation Group (“Apollo Aviation”), a multi-strategy aviation investment manager, announced today that it raised US$833m for SASOF III, its third aviation fund. The amount raised is well in excess of SASOF III’s US$750m target. SASOF III, an institutionally-focused commingled private equity fund, follows on from SASOF and SASOF II where Apollo Aviation raised US$213m […]
Apollo Aviation Group raises US$833m for SASOF III Read More »
Kaman reported that its Aerospace segment has entered into an agreement to acquire Timken Alcor Aerospace Technologies, Inc. (TAAT) of Mesa, Arizona. TAAT designs and supplies aftermarket parts to support businesses conducting maintenance, repair, and overhauls (MROs) in aerospace markets primarily located in North America. Important factors in Kaman’s decision to acquire TAAT from The
Kaman to acquire Timken Alcor Aerospace Technologies Read More »
LCI, the aviation leasing arm of the Libra Group, has finalised two long-term debt facilities to support over US$200m of incremental fleet growth in Australia. Westpac Banking Corporation will act as sole lender, security trustee and agent to support LCI’s recent multi-year agreement to lease four new AgustaWestland AW139 helicopters to Australia’s Westpac Rescue Helicopter
LCI agrees two multi-year debt facilities to underpin Australian growth Read More »
Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, has agreed to purchase the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas representing approximately US$2.5bn of net assets. Shawn Vick, Executive Director of Global Jet Capital said, “We are investing heavily in growing the business both
Global Jet Capital to acquire corporate aircraft portfolio from GE Capital Read More »
ST Aerospace Systems has acquired the remaining 50% stake in Singapore Precision Repair and Overhaul (S-PRO), from Messier-Bugatti-Dowty (Safran), for a cash consideration of US$8.15m. Following the acquisition, S-PRO will become a wholly-owned subsidiary of ST Aerospace Systems, which in turn is a wholly-owned subsidiary of Singapore Technologies Aerospace (ST Aerospace), the aerospace arm of
ST Engineering’s aerospace arm acquires remaining shareholding of S-PRO Read More »
AAR reported first quarter fiscal year 2016 sales of US$377.8m and income from continuing operations of US$8.2m. For the first quarter of the prior fiscal year, the Company reported sales of US$395.1m and income from continuing operations of U$11.8m. During the quarter, the Company recorded a pre-tax gain of US$27.7m within discontinued operations from the
AAR reports first quarter fiscal year 2016 results Read More »
Air Partner reported an encouraging performance for the six months to July 31st, 2015. Gross profit rose by 13% to £12.1m while underlying operating profit and underlying profit before tax increased twofold to £2.2m. Reported pre-tax profit rose by 70% to £1.9m after a charge £0.3m relating to acquisitions. The underlying performance resulted from improved
Air Partner delivers strong first half trading performance Read More »
Nordic Aviation Capital A/S delivers 42% increase in operating profit, up from US$169m to US$239m, a result considered to be satisfactory. In the fiscal year ending June 30th, 2015 NAC’s revenue increased from US$311m the year before to US$392m, up 26%. Net profit after tax rose 37% to US$111m. The achieved improvements reflects the company’s
Nordic Aviation Capital reports 42% increase in operating profit Read More »
Honeywell has acquired privately held Aviaso, an international aviation software company that offers fuel efficiency and emissions savings software to the airline industry. Terms of the deal are not being disclosed. Aviaso’s software products gather data on aircraft usage and identify and communicate the ways airline customers can save fuel consumption through a simple, intuitive
Honeywell boosts aerospace portfolio with acquisition of Aviaso Read More »
GE Aviation will create a turboprop engine development, test and production operation in Europe. This will represent an investment exceeding US$400m and ultimately support 500 – 1,000 jobs. The turboprop industry is highly global and comprised of many small aircraft operators. Among the factors driving GE Aviation to pursue the new operation in Europe is
