Deutsche Bank to acquire aircraft leasing business

Article Abstract:

Deutsche Bank AG of Germany has bought Sumitomo Trust and Banking Co.'s aircraft leasing unit, Boullion Aviation Services Inc. Boullion has 46 planes, which are chiefly Boeing 737s. Boullion will retain its chief executive officer, Robert Genise, its company name, and its headquarters. The Boullion acquisition indicates Deutsche Bank's first move in venturing into the aircraft leasing industry. Deutsche Bank, for the last four years, preferred financing airplanes for major airlines, which has reached a total value of $8 billion, according to Deutsche Bank investment banker Chris Partridge.

Comment:

Sells its aircraft leasing unit, Boullion Aviation Services Inc, to Deutsche Bank of Germany

Commercial Banks, Commercial Banking, Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing, Transport Equipment Leasing, Rental ex A, Sumitomo Trust and Banking Company Ltd., Deutsche Bank AG, Transportation equipment rental, Article, Boullioun Aviation Services Inc.

---

Siemens buys Internet firm Redstone

Article Abstract:

Siemens AG said that it has reached an agreement to acquire Redstone Communications Inc. Siemens would not divulge the financial terms of the deal, However, a senior official with Siemens said that the deal could have a value of more than $450 million. Redstone is a manufacturer of routers which direct Internet traffic. The deal will strengthen Siemens' new data-networking unit in the US.

Comment:

Siemens reaches agreement to acquire Redstone Communications

Telephone and telegraph apparatus, Telephone Apparatus Manufacturing, Diversified Companies, Data Message Switching Eqp, Computer network equipment industry, Network hardware industry, Abstract, Siemens AG, Computer networking equipment, Redstone Communications Inc.

---

Goodrich to buy 95% stake in German aerospace firm

Article Abstract:

Goodrich Corp. has acquired a majority share in Hella Aerospace GmbH for an undisclosed amount. Goodrich acquired 95% of Hella Aerospace.

Aircraft Parts, Other Aircraft Parts and Auxiliary Equipment Manufacturing, Aircraft parts and equipment, not elsewhere classified, Aircraft equipment and supplies industry, Aircraft parts industry, Goodrich Corp., Hella Aerospace

Similar abstracts:

• Abstracts: Deutsche Bank sets bond offer priced in euros. Germany further reduces its Deutsche Telekom stake . Deutsche Bank alienates Telekom
• Abstracts: American Express plans to purchase unit of Vivendi. United News is buying U.S. Firm for $920 million
• Abstracts: Informix shares slide on warning about earnings. SAP reports surprise growth in fourth-quarter revenue. Siebel's net leaps, but software sales may soon soften
• Abstracts: Macau taps Taiwan air ban to realize aviation dream. China's airlines make a gradual ascent in quality. Planning to fly into Bangalore?
• Abstracts: Japan finally faces the end of Kamikaze capitalism. Koizumi-Nomics: deregulation is key to reviving Japan

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.