Financial

TransDigm Group Incorporated acquired the aerospace business of Franke Aquarotter GmbH for approximately US$75m in cash on March 31st, 2015. The Company, whose name going forward will be Adams Rite Aerospace GmbH, is located in Ludwigsfelde, Germany and employs approximately 50 people. The Company manufactures proprietary faucets and related products for use on commercial transports […]

Finnair has acquired Flybe Uk’s 60% ownership of Flybe Nordic for a transaction price of €1 and Flybe Nordic will transfer to Finnair’s ownership on an interim basis. The transaction has been closed on March 31st, 2015. Finnair continues discussions about the continued ownership of Flybe Nordic. Finnair and StaffPoint Holding and G.W. Sohlberg signed

Avioserv, an established late-life aircraft engine parts management company based in San Diego, has been acquired by Aergen Leasing (“Aergen”). Avioserv specializes in the sale, lease and trading of engine parts, engine components and whole engines to airlines, repair facilities and parts distributors. The combined companies have raised an initial US$200m of committed equity capital

AAR reported third quarter fiscal year 2015 consolidated sales of US$380.1m and net loss of US$34.5m after discontinuing operations of Telair Cargo Group and Precision Systems Manufacturing. For the third quarter of the prior fiscal year, the Company reported sales of US$399.8m and net income of US$17.9m. Third quarter fiscal year 2015 income from continuing

airberlin reported a preliminary operating result (EBIT) of €-278.8m to €-303.8m in the 2014 fiscal year (2013: €-231.9m) – a business year dominated by high restructuring costs. Total revenue for 2014 was €4.16bn (2013: €4.15bn) – an increase of 0.3% from the previous year. Allowing for expenses of €85m-€110m, which were incurred for the turnaround,

TransDigm Group has completed the acquisition of the Telair Cargo Group of businesses, from AAR, for a total purchase price of approximately US$725m in cash, subject to adjustment. TransDigm financed the acquisition through a combination of existing cash on hand and borrowing of US$75m under its existing revolving credit facility. The acquisition was previously announced

Airbus Group completed a placement of 1,612,407 shares of Dassault Aviation corresponding to 17.5% of the company’s share capital. In accordance with the agreement signed with Airbus Group and pursuant to the approval granted by its shareholders during its shareholders’ meeting dated January 28th, 2015, Dassault Aviation acquired through this placement 460,687 shares corresponding to

Waypoint Leasing, the independent global helicopter leasing company, has closed on a five year US$85m term loan facility led by Deutsche Bank AG. The company will use the proceeds to support its customers through the provision of further liquidity into the global helicopter market. This financing brings Waypoint’s total debt commitments to more than US$1.2bn

RUAG can look back on a strong financial year. Net profit in 2014 grew 7.5% to CHF 102m. Earnings before interest and taxes (EBIT) were equal to the previous year’s at CHF 115m. All five divisions operated profitably and contributed to the positive Group result. The largest EBIT gains occurred at the Space (+ CHF

Desser Tire & Rubber has acquired aircraft tire distributor, Watts Aviation. Located in Gloucestershire, England, Watts distributes a broad range of tires and tubes for aviation as an authorized distributor for major tire brands. Watts enhances Desser’s global footprint and further solidifies Desser’s commitment to being a global leader in specialty aerospace distribution. Moreover, the