AerCap Holdings N.V. has completed an amendment and upsize of its revolving warehouse facility. The non-recourse facility, which was originally put in place in 2006, has been amended to increase the transaction size to $1.1 billion and to allow for an additional two year revolving period with a three year term-out period, extending the transaction
TransDigm Group (TDG) has entered into a definitive agreement to acquire Arkwin Industries, Inc., for approximately $286m in cash. The acquisition, subject to regulatory approvals and other customary closing conditions, is expected to close in the third quarter of fiscal 2013. Arkwin, located on Long Island, New York, manufactures proprietary, highly engineered aerospace hydraulic and
SIAEC Group posted a profit attributable to owners of the parent of $270.1m for the financial year ended 31 March 2013, an increase of $1.0m on or 0.4% over last year. Operating profit was $1.5m or 1.2% lower at $128.1m. Revenue was $23.2m or 2.0% lower, mainly due to lower fleet management and project revenue.
AeroCentury, an independent aircraft leasing company, released its operating results for the first quarter ended March 31, 2013. The Company reported net income of $4.1m for the first quarter of 2013, compared to net income of $1.3m for the first quarter of 2012. Total revenues were $12.8m for the first quarter ended March 31, 2013
EADS achieved a solid start to 2013, with first quarter revenues and profitability driven by commercial aircraft deliveries. Order intake rose sharply to €49.9bn while the order book had reached €614.3bn at the end of the first quarter. The reported EBIT amounted to €596m with a Net Cash position of €9.2bn at the end of
DVB posted consolidated net income before IAS 39 and taxes of €44.7m for the first quarter of 2013, up 20.5% year-on-year (Q1 2012: €37.1m). Total income (comprising net interest income after allowance for credit losses, net fee and commission income, results from investments in companies accounted for using the equity method, and net other operating
Virgin America achieved its first-ever fourth quarter operating profit with $5.1m of operating income, an improvement of $13.2m, compared with the fourth quarter of 2011. The airline recorded operating revenues of $350.4 million in the fourth quarter, a year-over-year increase of 27%. EBITDAR increased to $65.1m in the fourth quarter, a year-over-year improvement of 54%.
Air Transport Services Group, a leading provider of aircraft leasing and air cargo transportation and related services, reported consolidated financial results for the quarter ended March 31, 2013. Revenues were $143.3m, a decrease of 1.5%. Total operating expenses were $126.9m, down 3.7%, including a $3.8m reduction in salaries, wages and benefits expense due in large
Air Lease Corporation reported another consecutive quarter of fleet, revenue, profitability and financing growth. Diluted EPS increased by 46% to $0.38 per share for the three months ended March 31, 2013 from $0.26 per share for the three months in 2012. Revenues increased 45% to $192m compared to $133m in 2012. Income before taxes increased
Bombardier reported its financial results for the first quarter ended March 31, 2013. Revenues totalled $4.3bn for the first quarter ended March 31, 2013, compared to $3.5bn for the same period last fiscal year. Earnings before financing expense, financing income and income taxes (EBIT) before special items totalled $240m, or 5.5% of revenues, compared to
