The main shareholders of Electra Airways, Classic Air, ETG Maintenance and Maverick Horizon have set up Vector Group, based in Tel Aviv, as a “vertically integrated” amalgam of the quartet. The group brings together Bulgarian airline Electra, compatriot maintenance provider ETG, Irish lessor Maverick and Maltese-Israeli sales agent Classic. “Each…
Swissport has received a binding commitment from an ad hoc group of senior secured creditors for the provision of an interim super senior facility of €300 million, which the firm says delivers immediate liquidity for Swissport to trade through the COVID-19 market crisis and the restructuring process. The €300 million…
On May 29, CA-CIB closed the commercial debt refinancing of a Boeing 777 Freighter for a KG fund managed by the Munich based asset manager LHI Group. The 10-year-old aircraft is leased to a major cargo and express freight airline”.
AeroCentury today reported a first quarter 2020 net loss of $10.2 million, compared to a net loss of $1.3 million, for the same period 2019. Results for the quarter ended March 31, 2020 included impairment losses totalling $6.7 million, arising from revised estimated sales proceeds for three regional jet aircraft…
MRO specialists FL Technics has said its revenue reached €119 million in 2018, up 14% from €103 million experienced in 2017. The firm has also reached net profit of €10.8 million – up from €5.7 million last year. Zilvinas Lapinskas, CEO at FL Technics, said: “Persistence, LEAN implementation in our…
ST Engineering Aerospace has posted S$623 million (approximately $448 million) total revenue for the first three months of 2019 – a 4% rise from the same period last year. Increases in revenue from component and engine overhauls, as well as engineering and materials services businesses, has led to the revenue…
easyJet has chosen the advanced network simulation solution Amadeus SkySYM by Optym to improve the reliability of its flight schedules. This solution is one of the five solutions offered as part of the Amadeus SKY Suite by Optym, after Amadeus and Optym formed a partnership in 2016. SkySYM works by…
Dr. Peters Group is to part out two of its A380 aircraft returned by Singapore Airlines at the end of the ten year lease. The aircraft were financed by DS funds No. 129 and No. 130. Dr Peters maintains that this decision will lead to a “positive result for equity…
Bombardier has closed its previously announced offering of 168,000,000 Class B shares (subordinate voting) at a purchase price of Cdn$3.80 per share (the Offering), for aggregate gross proceeds of Cdn$638.4 million. The Offering was underwritten by a syndicate of underwriters led by Credit Suisse, National Bank Financial, UBS Securities Canada…
Roll-Royce Holdings has reported revenue of £16.307bn for the full year 2017, which is an increase of 6% on underlying basis, with civil aerospace service revenues up 12%. Underlying profit before tax up 25% to £1.071bn, with reported profit before tax of £4.897bn – that figure includes a £2.6bn non-cash…
Summer 2013 will see talks begin between the EU and the United States on producing a free-trade agreement that would give birth to the largest free trade zone on the planet, significant enough to add 0.5% or €86bn to overall EU GDP and 0.4% or €65bn to the US economy…
ST Aerospace has completed its investment of 35% equity interest in Elbe Flugzeugwerke GmbH (EADS EFW). The investment was completed following the receipt of regulatory approvals and fulfilment of customary conditions precedent. Following this completion, ST Aerospace will commence the A330P2F engineering development phase in February. A Dresden-based company with…
