Avcorp secures additional funding as working capital
Avcorp Industries Inc. (TSX: AVP) has closed a USD5.0 million unsecured loan facility bearing an interest rate of 8.0 percent per annum that matures on April 7, 2017, the company…
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Air T terminates stockholder rights plan
Board of directors of Air T, Inc. (NASDAQ: AIRT) has voted to amend Air T´s stockholder rights plan to terminate the preferred share purchase rights, the company said. In connection…
Hanwha Techwin acquires equity interest in Pratt & Whitney
. Pratt & Whitney subsidiary United Technologies International Corporation-Asia Private Limited, and Hanwha Techwin Co., Ltd. have signed an agreement for Hanwha to acquire a 30 percent equity interest in…
Air Lease places 6 Airbus A321neo aircraft with Air Arabia
Air Lease Corporation (NYSE:AL) has received lease agreements for six new Airbus A321neo aircraft with Air Arabia (Sharjah, UAE), the company said. The aircraft are from ALC´s order book with…
Kratos receives cyber security awards worth USD17m
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a national security solutions provider, has received USD17.0 million in cyber security contract awards, the company said. The company provides cyber security…
Air Canada refinances CAD1.25bn
Air Canada has priced a private offering of senior secured notes and received commitments from lenders for a new credit facility in connection with its CAD1.25 billion refinancing transaction, the…
Alaska Air Group, Virgin America extend proposed merger
Alaska Air Group, Inc. (NYSE: ALK), parent company of Alaska Airlines, and Virgin America Inc. (NASDAQ: VA) have agreed with the antitrust division of the United States Department of Justice…
Air Lease Corporation places 6 Airbus A321neo aircraft with Azores Airlines
Air Lease Corporation (NYSE:AL) has reported Azores Airlines SATA International (Portugal) has committed to lease six new Airbus A321neo aircraft including four A321LR versions, the company said. The CFM Leap…
FAA approves merger to create Infinity Aircraft services
The FAA has approved the recent merger of Mobile Aircraft Services and B. Coleman MRO PBI, granting certification as a Part 145 repair station to the new company, Infinity Aircraft…
JBT signs definitive agreement to acquire Cooling and Applied Technologies
JBT Corporation (NYSE: JBT) has signed a definitive agreement to purchase the assets of Cooling and Applied Technologies (C.A.T.), Inc., the company said. The purchase price is USD90 million, before…
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