Small Planet Airlines released that revenue during the first half of 2012, was 43% higher than the prevous year. The company’s revenue in Lithuania alone increased by 25%, compared to the first half in 2011. This year the company has been also actively carrying passengers from the United Kingdom where it keeps two of its
Bristow Group, a leading provider of helicopter services to the worldwide offshore energy industry, and Cougar Helicopters, the largest offshore energy and search and rescue (SAR) helicopter service provider in Canada, jointly announced that Bristow has entered into a definitive agreement with Cougar’s parent VIH Aviation Group and various VIHAG affiliates to acquire a minority
Israel Aerospace Industries announced the publication of its consolidated financial statements for Q2, ending June 30, 2012. Company’s sales for Q2 2012 reached $808m, compared to $938m in Q2 2011. Export sales represent 80% of total sales and reached $645m. Military market sales represent 75% of total sales and reached $603m. The decrease in sales
DVB tapped the financial market with a five-year €500m transaction. This was the Bank’s second euro-denominated senior unsecured benchmark issue in 2012, following its inaugural three-year €500m benchmark transaction in May. Wolfgang F. Driese, CEO and Chairman of the DVB’s Board of Managing Directors, commented: “This very successful transaction highlights DVB’s strong recognition in the
Qantas Group reported underlying profit before tax of $95m for the year ended 30 June 2012. The result was materially impacted by record high fuel costs ($4.3bn, up $645m) and industrial action culminating in the grounding of the Qantas fleet ($194m). There were also one-off costs of $398m, which are not included in Underlying PBT,
HEICO CORPORATION reported that net income increased 13% to a record $23.1m for the third quarter of fiscal 2012, up from $20.4m for the third quarter of fiscal 2011. For the first nine months of fiscal 2012, net income increased 13% to $61.3m, up from $54.3m for the first nine months of fiscal 2011. Operating
AerCap Holdings N.V. purchased 10 million ordinary shares in AerCap held by Cerberus Capital Management, L.P. through its affiliate, Fern S.a.r.l. in a privately negotiated transaction today. The aggregate purchase price for 10 million ordinary shares is $120m which represented a discount of $0.09 per share from the $12.09 closing price of the ordinary shares
International Lease Finance Corporation has priced, and entered into an agreement to issue and sell, subject to certain conditions, $750m aggregate principal amount of 5.875% senior notes due 2022 pursuant to an effective registration statement filed on July 23, 2012 with the Securities and Exchange Commission. ILFC expects to close the offering on August 21,
AviancaTaca Holding reported second quarter 2012 operating revenue of COP$ 1.8tri (US$1.0bn), a 12.9% increase compared to the same period in 2011. This result is mainly due to a 12.9% increase in pax revenue fueled by an 11.6% increase in passenger traffic compared to the second quarter in 2011. Operating income in the second quarter
Judge Jean-Yves Lalonde of the Superior Court of Québec, sitting in and for the Commercial Division for the District of Montreal, issued the approval and vesting order requested by the Chief Restructuring Officer and Monitor authorising the sale by Aveos Fleet Performance of the assets of its component repair business to A J Walter Aviation.
