Investment banks

February 26, 2008 - 5:50am

Universal Weather & Aviation’s deal to enter into a partnership with Australia’s Macquarie Group is off, according to both companies. On November 21, Universal chairman and owner Greg Evans signed an agreement to partner with a Macquarie Capital Alliance Group and Macquarie Global Opportunities Partners consortium.

February 26, 2008 - 5:50am

Universal Weather & Aviation’s deal to enter into a partnership with Australia’s Macquarie Group is off, according to both companies. On November 21, Universal chairman and owner Greg Evans signed an agreement to partner with a Macquarie Capital Alliance Group and Macquarie Global Opportunities Partners consortium.

December 4, 2007 - 12:05pm

JetBird, Europe’s planned new low-cost charter service, has raised €21 million ($31 million) in fresh capital through an oversubscribed private placement of equity to new and existing shareholders. The placement values the company at €101 million ($150 million) as it prepares to receive the first of 50 Embraer Phenom 100 very light jets in time to start operations in April 2009.

May 22, 2007 - 8:11am

Guggenheim Partners and UBS have formed Guggenheim Aero Finance, a corporate jet financing company that will combine worldwide reach with a streamlined approval process to offer aircraft financing solutions to individual and corporate buyers of new and pre-owned corporate jets.

October 12, 2006 - 8:32am

Bank of America last month formed the Corporate Aircraft Finance Division, a group that combines The Private Bank’s Aviation Finance Division with the Bank of America Leasing Corporate Aircraft Finance strategic business unit. With creation of the new division, Bank of America has more than 700 clients and $4 billion in aircraft loans and leases.

September 26, 2006 - 9:40am

Jack DeCrane, 59, president and founder of DeCrane Aircraft Holdings, died on December 29 of complications resulting from lung cancer.

He founded the company in 1989 in the basement of his home. DeCrane described himself as a “small company guy,” yet ended up turning DeCrane Aircraft Holdings into a major player in the completion and refurbishment industry.

 
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