Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Summary FLY Leasing Limited - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights FLY Leasing Limited (FLY Leasing) is a lessor of commercial jet aircrafts. The company is managed and serviced by BBAM. The company offers its aircrafts to diverse group of airlines under ...
A director at Bohai Capital Holding Co Ltd bought 330,000 shares at 3.050CNY and the significance rating of the trade was 63/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last tw...
DUBLIN--(BUSINESS WIRE)-- Avolon Holdings Limited (“Avolon”), the international aircraft leasing company, announces the re-pricing and extension of its senior secured US$4.75 billion Term Loan B facility (the “Facility”) (the “Transaction”). The Facility has now been extended from an orginal maturity of April 2022 to January 2025 and has been repriced at LIBOR plus 2.00% with a LIBOR floor of 0.75%, subject to an Original Issue Discount (OID) of 99.75. In conjunction with this repricing Avolon repaid US$214 million of the original fac...
DUBLIN--(BUSINESS WIRE)-- Avolon, the international aircraft leasing company, today announces that Sapphire Aviation Finance I Limited and Sapphire Aviation Finance I (US) LLC (collectively the “Issuers“ or “SAPA 2018-1”), newly established special purpose companies, closed a total of US$768.4 million of Fixed Rate Secured Notes (the “Issue”). The Issue comprised of US$633 million of 4.250% Series A Fixed Rate Secured Notes (the “Series A Notes”) issued at a 4.30% yield; US$97 million of 5.926% Series B Fixed Rate Secured Not...
DUBLIN--(BUSINESS WIRE)-- Avolon Holdings Limited (“Avolon”), the international aircraft leasing company, announces the pricing of a private offering (the “Offering”) by its wholly owned subsidiary, Avolon Holdings Funding Limited, of US$500 million aggregate principal amount of 5.50% Senior Unsecured Notes due 2023 (the “2023 Notes”), at par. The Notes will be fully and unconditionally guaranteed by Avolon and by certain of its subsidiaries. The Offering is expected to close on or about 12 March, 2018, subject to customary closing co...
DUBLIN--(BUSINESS WIRE)-- Avolon Holdings Limited (“Avolon”), the international aircraft leasing company, announces the re-pricing and partial repayment of its US$500 million Term Loan B-1 (“TLB-1”) facility. The TLB-1 facility, with a September 2020 maturity, was originally priced in March 2017 at LIBOR plus 2.25% with a LIBOR floor of 0%. The facility has now been repriced at LIBOR plus 1.75% with a LIBOR floor of 0%. The loans under the repriced TLB-1 facility were issued at par and not subject to an Original Issue Discount (OID). ...
DUBLIN--(BUSINESS WIRE)-- Avolon, the international aircraft leasing company, today issued its World Fleet Forecast, which projects growth in and changes to the global commercial jet fleet over the next twenty years. The analysis includes forecasts of aircraft deliveries, retirements, funding requirements and passenger-to-freighter conversions. The World Fleet Forecast is available at: http://avolon.aero/our-thoughts/ Dick Forsberg, Avolon’s Head of Strategy and author of the paper, said: “The growth fundamentals of ...
DUBLIN--(BUSINESS WIRE)-- Avolon, the international aircraft leasing company, issues an update for the third quarter of 2017 (‘Q3’). Following another active quarter, Avolon’s owned, managed and committed fleet at the end of Q3 was 915 aircraft. Q3 Business Highlights & Fleet Metrics Owned and managed fleet of 567 aircraft at end of Q3, with total orders and commitments for 348 new technology aircraft; Delivered a total of 10 aircraft, including 6 transitions, and sold 11 aircraft i...
DUBLIN--(BUSINESS WIRE)-- Avolon Holdings Limited (“Avolon”), the international aircraft leasing company, announces the successful repricing of its senior secured US$5.0 billion term B-2 loan facility (the “TLB-2”). This repricing follows the pricing of a private offering (the “Offering”) by Avolon of US$1.25 billion, aggregate principal amount, of unsecured senior notes (the “Notes”) on 14 September. The Offering was increased from an initial target size of US$1.0 billion. Year to date, including the US$1.25 billion Notes, A...
DUBLIN & HONG KONG--(BUSINESS WIRE)-- Avolon Holdings Limited (“Avolon”), the international aircraft leasing company, announces the pricing of a private offering (the “Offering”) by its wholly owned subsidiary, Park Aerospace Holdings Limited, of US$950 million aggregate principal amount of 4.500% Senior Notes due 2023 (the “2023 Notes”), at par, and US$300 million aggregate principal amount of 3.625% Senior Notes due 2021 (together with the 2023 notes, the “Notes”), at par. The Notes will be fully and unconditionally guaranteed by Av...
DUBLIN & HONG KONG--(BUSINESS WIRE)-- Avolon, the international aircraft leasing company, announces that S&P Global Ratings (“S&P”) has upgraded its issue-level rating on the senior unsecured notes due 2022 and 2024 issued by its wholly owned subsidiary Park Aerospace Holdings Limited from BB- to BB, with a stable outlook. S&P maintains its BB+ corporate credit rating on Avolon, with a stable outlook. About Avolon Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong...
DUBLIN & HONG KONG--(BUSINESS WIRE)-- Avolon, the international aircraft leasing company, announces that credit rating agency Moody’s Investors Service (Moody’s) has upgraded its corporate credit rating on Avolon Holdings Limited to Ba2 with a stable outlook. Moody’s has also upgraded the senior secured ratings of Avolon TLB Borrower 1 (US) LLC and Avolon TLB Borrower 1 (Luxembourg) S.a.r.l. to Ba1 from Ba2, and the senior unsecured rating of Park Aerospace Holdings Limited to Ba3 from B1. The outlook for each of these rating...
DUBLIN & HONG KONG--(BUSINESS WIRE)-- Avolon, the international aircraft leasing company, issues an update for the second quarter of 2017 (‘Q2’). Following another active quarter, Avolon’s owned, managed and committed fleet at the end of Q2 was 921 aircraft. Q2 Strategic & Financial Highlights Completion of acquisition of the aircraft leasing business of CIT for US$10.4 billion, doubling the scale of the Avolon business; Signed memorandum of understanding (”MOU”) for 75 Boeing 737 MAX 8 ...
PARIS & DUBLIN & SEATTLE--(BUSINESS WIRE)-- Avolon, the international aircraft leasing company, today announced it has signed a memorandum of understanding (”MOU”) for 75 Boeing 737 MAX 8 aircraft at the Paris Air Show. The MOU also includes an option for a further 50 Boeing 737 MAX 8 aircraft. Today’s order builds on Avolon’s existing orders and commitments for new technology, fuel-efficient single-aisle aircraft. Avolon’s owned, managed and committed fleet will increase to 925 aircraft. In May 2017, Avolon delivere...
DUBLIN & SEATTLE--(BUSINESS WIRE)-- Avolon, the international aircraft leasing company, celebrated today the delivery of the world’s first Boeing 737 MAX 8 aircraft to Malindo Air. The delivery took place during a special ceremony at Boeing’s 737 Delivery Centre in Seattle where Avolon, Boeing and CFM International, the aircraft’s engine manufacturer, were present. In addition to today’s delivery, Avolon has commitments for 60 Boeing 737 MAX 8/9 aircraft, delivering through to 2021. This is Avolon’s fifth aircraft on lease to...
DUBLIN & HONG KONG--(BUSINESS WIRE)-- Avolon, the international aircraft leasing company, today issues the second part of its White Paper series, ‘The Land of Silk and Money’, analysing the Chinese aviation market. The first part of this series, issued in March 2017, looked at the development, growth and gradual maturing of China’s domestic airline industry and the key drivers of growth over the next decade. In Part 2, China’s international inbound and outbound travel markets are analysed and a forecast made of the future fleet requir...
DUBLIN & HONG KONG--(BUSINESS WIRE)-- Avolon Holdings Limited, the international aircraft leasing company, announces the completion of the acquisition of the aircraft leasing business of CIT Group Inc. (NYSE: CIT) (the “Transaction”). Avolon is now the world’s third largest aircraft leasing company with a combined fleet, as of 31 December, 2016, of 868 aircraft valued at over US$43 billion. Transaction Highlights Transaction doubles Avolon’s size and creates the world’s third largest aircra...
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