EADS (stock exchange symbol: EAD) delivered a good start to the year with a solid financial performance in the first quarter, particularly thanks to the continued strong commercial momentum.
The Export-Import Bank of the United States (Ex-Im Bank) has approved a guarantee of a $350 million loan facility to provide the funds to assist Textron Inc. in financing the exports by two of its companies, Cessna Aircraft Company and Bell Helicopter Textron. The guaranteed lender is PNC Bank in Pittsburgh, Pa.
U.S. manufacturers of business aircraft and helicopters will benefit from a new process to assess credit risks and expedite foreign-buyer financing from the Export-Import Bank of the United States (Ex-Im Bank). Ex-Im Bank will work with qualified industry experts to perform due diligence and credit analysis to facilitate the Bank's support for U.S. business-aircraft exports.
Canadian Helicopters Group Inc. (TSX: CHL.A, CHL.B) ("the Company"), an international provider of helicopter transportation and related support services, announced that the Company's shareholders approved a special resolution to change the Company's name from "Canadian Helicopters Group Inc." to "HNZ Group Inc." at the Company's annual and special meeting of shareholders held today.
Christoph Müller will become the Head of Communications for Eurocopter Germany as of June 1, 2012, and will report directly to Cécile Vion-Lanctuit, Vice President of Corporate Communications for the Eurocopter Group. This newly created position has been established to strengthen communications locally for Eurocopter Germany and the German market.
Canadian Helicopters Group Inc. ("Canadian Helicopters") (TSX: CHL.A, CHL.B) announced today that its Board of Directors has declared monthly dividends of $0.091875 per Common Share and Variable Voting Shares, payable on each of August 15, 2012, September 14, 2012 and October 15, 2012 to holders of record at the close of business July 31, 2012, August 31, 2012 and September 28, 2012, respectively.