Acorn Growth Companies Invests in EirTrade Aviation https://lnkd.in/gnS2cCtS
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UK-based Gama Aviation, a leader in business aviation services, has announced its plan to delist from the Alternative Investment Marketing (AIM) and increase its capital return to shareholders. The company plans to offer a tender of up to £32.6 million at 95 pence per share, accessible to all eligible shareholders. Citing the legal and regulatory complexities and the high costs of maintaining its AIM listing, which have not been offset by benefits since the last capital was raised in 2018, Gama Aviation sees this move as a strategic step to optimize resources. The company’s trading volume has been relatively low, with an average daily volume over the past year constituting just 0.02% of issued share capital. This decision follows the sale of its US Maintenance, Repair and Overhaul (MRO) business in October 2023, after which it initially returned £16.5 million to shareholders. The recent decision to increase the capital return, endorsed by top shareholders Marwan Khalek and Bermesico who will not tender their shares, aims to balance funding strategic projects while enhancing shareholder value. Despite current challenges including a loss-making status and cash outflows, Gama Aviation is focused on growth. The company is encouraged by new contracts such as the Wales Air Ambulance Charity • Elusen Ambiwlans Awyr Cymru and oil and gas contracts expected to generate significant revenue over the coming years. The delisting process includes several key dates, with the general meeting scheduled for May 15th, 2024, and the cancellation of the trading on AIM set for May 31st, 2024. For a deeper dive into Gama Aviation’s strategic decisions and future outlook, visit our blog. #AvfoilNews #GamaAviation #BusinessAviation #Investment #Delisting #ShareholderValue #AviationIndustry
Gama Aviation to delist from AIM
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flyExclusive, publicly-traded provider of luxury private jet charter services, has secured a substantial $25m preferred equity investment from EnTrust Global and EG Acquisition Corp. “This equity investment represents a significant milestone in our strategic plan to upgrade and increase the size of our fleet,” said Jim Segrave, founder and CEO of flyExclusive. “The Investors have been exceptional partners and their commitment to flyExclusive will allow us to execute on our vertical integration strategy and deliver a best-in-class experience for our customers. We look forward to updating the market on our progress during our next earnings call.” Read the full article on our blog. #AvfoilNews #PrivateJets #LuxuryTravel #AviationInvestment #flyExclusive #EnTrustGlobal #EGSponsorLLC #Aerospace #FleetExpansion #BusinessAviation #AviationIndustry #VerticalIntegration #CorporateFinance #JetCharter #AviationNews #InvestorRelations
flyExclusive raises $25m investment to expand fleet
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Owning a private jet is a serious business investment that makes it possible to fly anywhere, at any time – and choosing the right aircraft management company is a crucial decision. While your choice may vary depending on individual circumstances and preferences, there are still key considerations that everyone should assess when selecting a business to manage one of your most valuable assets. We’ve identified four of the most important qualities in our latest blog post. The first is transparency. To read more about that, and to explore the other fundamental questions to ask, head to our website to delve into why and how these considerations will enable you to make the most out of your investment: https://lnkd.in/eDJ5iH-h #BizAv #AircraftOwnership #AircraftManagement #blog
Selecting an aircraft management company
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AERO CARE announces new Miami headquarters as it joins forces with Alchemy Aero Corporation AERO CARE, the specialist provider of engine aftermarket services and support to the narrowbody commercial aviation industry, announced today that it has opened new headquarters in Miami, Fl. The new facility ensures that AERO CARE is strategically positioned to support its rapidly expanding global customer base and it will house the organisation’s stock of engine parts for CFM56 and V2500. Focused on enabling operators to fly their engines for as long and as economically as possible, AERO CARE concentrates on mid to late-life engines, providing solutions that cover green-time leasing, parts supply, and asset management. For more than 17 years, AERO CARE has guided and supported its customers, providing the reassuring solutions required to ensure their continued and successful operations. Looking ahead to participating in the busy ‘Aero Engines Americas 2024’ conference which starts in Miami this week, Managing Director, Anca Mihalache, who has spearheaded this strategic move to the US, explains the Company’s new direction. “Miami is the commercial aviation engine hub of the Americas, so it is logical for AERO CARE to be based here, however we will be supported by our European office in Bucharest, Romania to ensure our global reach and 24/7/365 service is faultless. “As a portfolio company of Alchemy Aero Corporation, the specialist aviation investment & trading platform, we have the secure financial support we need to acquire the engine assets our customers need. We have an ambitious growth target and look forward to cementing our position as a respected mature aircraft assets solutions provider.” AERO CARE stocks the most relevant and critical inventory to help minimise fleet downtime and promote profitable operations, however Mihalache goes on to say that AERO CARE is more than just an engine trading and parts business. “We are passionate about aviation and ultimately what an aircraft represents – taking someone to their next adventure, or to a meeting that will build their business, or to visit family and friends. Our role is to make sure that these journeys can happen – that crucial business deals get signed, or that the open arms don't go unhugged.” She adds that AERO CARE’s business objective is to be an integral part of the team. “We don't see ourselves as separate from our customers, when they work with us, it is no different to dealing with any other internal department. Our desire is to develop truly symbiotic relationships – so picking up the phone and calling us simply becomes the natural thing to do.” Photo shows: Anca Mihalache, Managing Director of AERO CARE and Robert Syms, President of Alchemy Aero Corporation #AEROCARE #AlchemyAeroCorporation
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Exclusive: After the restructuring Nordic Aviation Capital chief executive Norman C.T. Liu discusses the strategy for NAC 2.0 in his first interview following the overhaul Nearly 18 months after exiting from a Chapter 11 restructuring process, Nordic Aviation Capital (NAC) has emerged fitter, leaner and with a gaze set firmly beyond the regional market. Since taking the helm in 2021, the former GE Aerospace leasing veteran has slashed NAC's fleet count, debt position and payroll to pivot to a profitable lessor with a broader asset focus. The pullback from the regional market has signalled a fresh start for the lessor, which was launched by Danish billionaire and entrepreneur Martin Moller in 1990. In September, Airfinance Journal exclusively revealed that Nordic Aviation Capital would further exit its Embraer fleet, selling 50 E1 aircraft in a process led by Greenhill & Co. Sources tell Airfinance Journal that Azorra Aviation is the lead bidder for the assets, but Liu will not be drawn on the suggestion. The portfolio has attracted 10 bids. To maintain its momentum, Liu must keep costs under control and maintain investment in high-margin deals. Just as important, Liu must set out where future growth lies. Asked if an advisor, or specifically Goldman Sachs as sources tell Airfinance Journal, has been engaged to explore strategic options, Liu replies with no comment. However, with a 2026 refinancing looming, Liu admits the lessor "would probably explore something before then”. The alternatives could be a complete sale, a merger, or a growth capital infusion. To read Laura M. full article, please log onto Airfinance Journal https://lnkd.in/eYy8K7VG #aircraftleasing #airbus #embraer #atr #boeing #aviation #aviationindustry #aviationnews
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During a recent Cirium webinar, Paul Sheridan, Leader of Aviation Finance Advisory Services at PwC Ireland, opined that more consolidation in the aircraft leasing space is likely to occur in 2024. "With some companies struggling to raise equity and reach certain size, you are always going to find, shareholders are going to make strategic decisions about whether they want to stay in the leasing world or not," said Sheridan. Sheridan, who was formerly CEO of AMCK Aviation, which Carlyle Aviation Partners agreed to acquire in 2021, contended that some leasing companies might take advantage of any reduction in interest rates next year to either acquire platforms or put themselves up for sale. #aviation #aircraftleasing #marketoutlook
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Acquiring a business jet is a significant investment that demands expertise, meticulous planning, and an in-depth understanding of the aviation industry. The process involves careful evaluation of market options, detailed inspections, and strategic negotiations to ensure the best value for your investment. From identifying the right aircraft to navigating the complexities of financing and legal requirements, every step requires a dedicated approach to achieve a successful and seamless acquisition. #NAFA #AviationNews #AviationLovers #Aviation #BusinessAviation #PrivateAviation
A Comprehensive Approach to Business Jet Acquisitions
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Gama Aviation to delist from AIM UK business aviation services company Gama Aviation unveiled plans to delist from the junior stock market: the Alternative Investment Market (Aim). Under the delisting plan, the company has proposed to return up to £32.6m to shareholders by way of a tender offer at 95 pence per ordinary share capable of acceptance by all eligible shareholders. The company said that the legal and regulatory burden associated to trading on the AIM is disproportionate to its benefits. In addition, with average daily volume over the past 12 months of approximately 14,900 shares (0.02% of the issued share capital), the company said that the costs associated with maintaining the AIM quotation are high and could be better utilised. The company has not raised any fresh capital from AIM since 2018. #charteraviation #airtravel #aviation #business #HEMS #Delisting #AIM #LSE #Stocks #Earnings Read full below. https://lnkd.in/e4jvZVB8
Gama Aviation to delist from AIM | Corporate Jet Investor
https://www.corporatejetinvestor.com
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In little more than a year of its existence, AviLease has become a major player in global aviation as one of the top lessors to the airline industry, thanks to the backing of Saudi Arabia’s Public Investment Fund (PIF). PIF established AviLease in July 2022 as a “core element” of the Kingdom’s expanding aviation ecosystem. The Saudi sovereign wealth fund said that the company will “scale through purchase-and-lease-back transactions, secondary portfolio acquisitions, direct orders from aircraft manufacturers, and corporate acquisitions.” Aircraft leasing companies facilitate a large volume of air travel, providing planes to airlines worldwide. These companies buy, lease, and rent airplanes to airline companies, governments, and VIPs. The global leasing industry has been growing rapidly in recent years with commercial aircraft leasing being one of the most rapidly developing segments. Sure enough, it has become one of the world’s top 30 aviation lessors, having agreed to acquire Standard Chartered’s global aviation finance leasing business for about US$3.6 billion. AviLease will pay an initial consideration of US$700 million and is also funding repayment of US$2.9 billion of net intra-group financing from the StanChart group. Standard Chartered Aviation Finance owns and manages more than 120 aircraft and offers services including jet fuel hedging, debt financing and remarketing of unneeded planes. The business was ranked as the 28th biggest lessor based on number of aircraft in 2022, according to Air Finance. In terms of the value of the whole fleet, the business is worth US$3.04 billion. According to Simple Flying, “the combined platform will own and manage a total of 167 fuel-efficient aircraft. Of the 167, 145 of the aircraft have an owned value at an estimated US$6 billion and 22 of the managed aircraft are valued at around US$800 million, all of which are leased out to 46 airlines worldwide.” Based on Air Finance’s ranking for 2022, AviLease’s fleet will be the 23rd biggest in the world – quite an achievement for a lessor that is little more than a year old. Avi Lease’s growth comes alongside PIF’s investment in the development of local airlines. In March, PIF indicated it was launching Riyadh Airlines with aircraft order valued at US$35 billion, connecting the Saudi capital to over 100 destinations globally by 2030. PIF hopes the new airline will increase international transit passengers from under four million in 2021 to 30 million by 2030. The fund claims that the airline is expected to add US$20 billion to non-oil GDP growth, and create more than 200,000 direct and indirect jobs. Riyadh Air is the Kingdom’s second national carrier after Jeddah-based Saudia, and is being set up to rival the Gulf region’s other sovereign wealth fund-owned airlines. Article: https://lnkd.in/eFJaXuiF
PIF Aviation Subsidiary Flies High Following US$3.6bn Takeover Deal (GlobalSWF)
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