Category: Financial

As of September 30, 2019, ALC’s fleet was comprised of 307 owned aircraft and 64 managed aircraft. As of today, ALC has commitments to acquire a total of 318 new aircraft for delivery from Boeing and Airbus through 2024. ALC has delivered 15 new aircraft including 2 Airbus A320neos, 6 Airbus A321neos, 1 Airbus A330-900neo, 1 Airbus A350-900, 2 Boeing 787-9s and 3 Boeing 787-10s. Aircraft investments in the quarter totaled approximately US$1.5 billion. The company completed the sale of five aircraft to a third-party buyer for sales proceeds of approximately US$184 million. ALC has issued US$1.1 billion in senior Read more

As a part of the fifteen-year trade spat between the U.S and Europe, the World Trade Commission has granted Washington the right to impose annual tariffs on US$7.5 billion worth of European goods. The immediate consequence is that U.S. carriers who have had long-standing orders with Airbus for the delivery of passenger jets have just seen the purchase price hiked by 10%. Many airlines have objected to the fact the levy takes effect immediately and is applicable to existing orders and not simply new orders. However, the levy is not applicable to Airbus jets manufactured at the Mobile, Alabama plant Read more

Astronics Corporation, a leading provider of advanced technologies for the global aerospace, defense, and other mission-critical industries, has acquired the primary operating subsidiaries from mass transit and defense market test solution provider, Diagnosys Test Systems Limited (Diagnosys). Diagnosys is a developer and manufacturer of comprehensive automated test equipment (ATE) providing test, support, and repair of high-value electronics, electro-mechanical, pneumatic and printed circuit boards focused on the global mass transit and defense markets. Astronics has acquired 100% of the equity of the three primary operating subsidiaries of Diagnosys, which are Diagnosys Holdings, Inc., Diagnosys Ferndown Limited and Diagnosys Electronics (I) Private Read more

Singapore Technologies Engineering (ST Engineering) has announced that further to its announcement made on March 27, 2019, its subsidiary Singapore Technologies Engineering (Europe) has completed the acquisition of a 100% ownership in Newtec Group NV (Newtec) following the fulfilment of completion conditions, including the receipt of applicable regulatory approvals. This Newtec acquisition, together with the recent acquisition of Glowlink Communications Technology, which possesses advanced satellite communications anti-jamming technology, will enable ST Engineering to harness their unique capabilities to create a highly differentiated global satcom business group. ST Engineering is now in a stronger position to lead in innovation and the Read more

SGS, the certification, verification, and inspection company, has acquired a majority stake in ARGUS International. The acquisition aims to strengthen SGS’ aviation auditing and consulting services and increase market penetration through the organizations leveraged synergies. “ARGUS is a globally recognized brand name in the airline, business aviation, fixed-wing, and rotary engine markets. Its broad client base and international activities will help SGS grow and keep pace with the increasing global demand of air traffic and safety,” said Frankie Ng, CEO of SGS. ARGUS International, PRISM, and ARGUS PROS will continue to operate as distinctive businesses within SGS’ Certification and Business Read more