Angola secures $297 million US financing for Boeing 787 planes purchase
TAAG Angola has secured $297 million financing from the U.S. Export-Import Bank for purchasing Boeing 787-10 aircraft and spare engines.
The deal supports around 1,400 jobs in supply chains across the United States, notably in South Carolina and Ohio.
This acquisition aligns with Angola's strategy to boost its aviation industry and economy by establishing a regional hub.
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Miami Herald
9 hours ago
- Miami Herald
Gladstone Capital Corporation Reports Financial Results for its Third Quarter Ended June 30, 2025
MCLEAN, VA / ACCESS Newswire / August 4, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced earnings for its third quarter ended June 30, 2025. Please read the Company's Quarterly Report on Form 10-Q filed today with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website at and the Investors section of the Company's website at Summary Information (dollars in thousands, except per share data) (unaudited): NM - not meaningful Third Fiscal Quarter 2025 Highlights: Portfolio Activity: Invested $58.6 million in two new portfolio companies and $14.4 million in existing portfolio Mix: Secured first lien assets continue to be over 70% of our debt investments, at Facility: Increased the total commitment to $320.0 million and extended the revolving period end date to October 2027 and the final maturity to October 2029. Third Fiscal Quarter 2025 Results: Total investment income increased by $88 thousand, or 0.4%, for the quarter ended June 30, 2025, compared to the prior quarter ended March 31, 2025, driven primarily by a $0.6 million increase in other income, quarter over quarter, partially offset by a $0.5 million decrease in interest income. The increase in other income was driven by higher prepayment fees and dividend income compared to the prior quarter. Interest income decreased by $0.5 million, or 2.3%, quarter over quarter. The primary reason for the decrease was a decrease in the weighted average principal balance of our interest-bearing investment portfolio to $647.2 million during the quarter ended June 30, 2025 as compared to $682.6 million during the quarter ended March 31, 2025. Total expenses were unchanged quarter over quarter. A decrease of $0.6 million in interest expense quarter over quarter was offset by a $0.5 million increase in the net base management and net incentive fees driven primarily by a reduction in the incentive fee credit quarter over quarter partially offset by higher investment banking fee credits to the base management fee from increased deal originations. Net investment income for the quarter ended June 30, 2025 was $11.3 million, or $0.50 per share. The net increase in net assets resulting from operations was $7.4 million, or $0.33 per share, for the quarter ended June 30, 2025, compared to $8.8 million, or $0.39 per share, for the quarter ended March 31, 2025. The current quarter increase in net assets resulting from operations was primarily driven by $11.3 million of net investment income, partially offset by $3.6 million of net realized loss recognized during the quarter. Subsequent Events: Subsequent to June 30, 2025, the following significant events occurred: Portfolio Activity:In July 2025, our $3.7 million debt investment in 8th Avenue Food and Provisions, Inc. paid off at July 2025, we invested $25.0 million in MASSiv Brands, LLC through secured first lien July 2025, we invested $15.0 million in Alsay, Inc. through secured second lien debt and preferred July 2025, we invested $23.7 million in Snif-Snax, LLC through secured first lien debt and preferred July 2025, we invested $13.0 million in a precision manufacturing business through secured first lien debt and common equity. We also extended this business a $4.0 million secured first lien line of credit commitment, which was unfunded at August 2025, we invested an additional $16.6 million in OCI, LLC, an existing portfolio company, through secured first lien debt and common and Dividends Declared:In July 2025, our Board of Directors declared the following distributions to common and preferred stockholders: Comments from Gladstone Capital's President, Bob Marcotte: "Over the past two quarters we have absorbed much of the anticipated surge in portfolio liquidity events and ended last quarter with a strong balance sheet and funding capacity. The underlying strength of our lower middle market deal focus was evident in the robust subsequent events fundings we reported and we are well on our way to growing the company's investment portfolio to support shareholder distributions in the coming quarters." Conference Call for Stockholders: The Company will hold its earnings release conference call on Tuesday, August 5, 2025, at 8:30 a.m. Eastern Time. Please call (866) 424-3437 to enter the conference call. An operator will monitor the call and set a queue for any questions. A replay of the conference call will be available through August 12, 2025. To hear the replay, please dial (877) 660-6853 and use playback conference number 13754182. The replay of the conference call will be available beginning approximately one hour after the call concludes. The live audio broadcast of the Company's quarterly conference call will also be available online at The event will be archived and available for replay on the investors section of the Company's website. About Gladstone Capital Corporation: Gladstone Capital Corporation is a publicly-traded business development company that invests in debt and equity securities, consisting primarily of secured first and second lien term loans to lower middle market businesses in the United States. Information on the business activities of Gladstone Capital and the other publicly-traded Gladstone funds can be found at To obtain a paper copy of the Company's most recent Form 10-Q, please contact the Company at 1521 Westbranch Drive, Suite 100, McLean, VA 22102, ATTN: Investor Relations. The financial information above is not comprehensive and is without notes, so readers should obtain and carefully review the Company's Form 10-Q for the quarter ended June 30, 2025, including the notes to the consolidated financial statements contained therein. Investor Relations Inquiries: Please visit or (703) 287-5893. Forward-looking Statements: The statements in this press release about future growth and shareholder returns are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on our current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in our filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or otherwise, except as required by law. SOURCE: Gladstone Capital Corporation
Associated Press
15 hours ago
- Associated Press
Behind the Scenes: How FedEx Helps Keep the Flying Eye Hospital in the Sky
Originally published by Orbis Behind the scenes: How FedEx helps keep the Flying Eye Hospital in the sky While the Flying Eye Hospital is known around the world for delivering cutting-edge eye care and training, the magic behind the mission starts long before the first patient is seen. It takes a dedicated network of people, months of planning, and round-the-clock technical support to ensure that every Orbis mission takes off smoothly—and safely. Here's a behind-the-scenes look at the essential work being done to keep the plane mission-ready for 2025 and beyond, all thanks to FedEx and other key partners. Essential Pilot training FedEx serves as Orbis's approved Part 142 training center, playing a vital role in maintaining the proficiency and currency of our volunteer flight crew. Each April, Orbis pilots—comprised entirely of retired or active FedEx pilots—gather at FedEx headquarters in Memphis, TN, for comprehensive annual training. This includes MD-10 simulator sessions, classroom instruction, international mission planning, and emergency equipment training, all designed to ensure they remain proficient and mission-ready to deliver sight-saving care around the world. Throughout the year, pilots stay current by completing four-hour simulator events, which include Initial and Recurrent Proficiency Checks (IPC and PC), warm-up sessions, and '3 and 3s' — training flights designed to meet FAA landing currency requirements. These simulator events are made possible through close coordination between the FedEx training schedulers and the Orbis training office, who work together to plan and schedule training, assign instructors, and provide evaluators as needed. Most instructors and all evaluators are active FedEx pilots, who often accommodate Orbis simulator events around their regular flying schedules. This collaborative effort ensures our flight crews maintain the highest standards of safety, skill, and preparedness for every project. We can't thank FedEx enough for sharing their equipment, expertise, and manpower to help get our aircraft to where it's needed. Clark FedEx team support The FedEx team in Clark, Philippines (CRK) plays a vital role in supporting the Flying Eye Hospital and ensuring our aircraft remains mission ready. Their cross-departmental collaboration—spanning Aircraft Maintenance, Ramp Office, Customer Service, Customs Clearance, Security, and offices of the Sr. Manager and Managing Director—provides us with seamless, day-to-day support during each visit. From transportation to and from the aircraft parking location to providing GPU, air conditioning units, lift trucks, maintenance stands, loaders, and even flight crew catering, the CRK team steps in with enthusiasm and warmth. FedEx receives all Orbis medical supplies at Clark and clears them through their freeport to help keep costs down. FedEx even helped move the plane to a different part of the airport recently when our staff weren't available. FedEx employees, are, simply put, an extension of the Orbis Flying Eye Hospital team. Each arrival and departure are met with smiles, hugs, and genuine curiosity about our programs and the people we serve. We are deeply grateful for their commitment—and they should be proud of the role they play helping people around the world access improved eye care. Maintenance planning and engine runs: While the plane is parked between projects in Clark, Philippines, the Orbis maintenance team conducts a variety of monthly system checks. These include engine runs, tire pressure checks, filter changes, and evaluations of Ground Support Equipment (GSE) to ensure the aircraft remains ready for takeoff at a moment's notice. 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These initial planning visits serve to introduce Orbis and the Flying Eye Hospital to government officials and local leaders, assess host hospitals and airports for project structure and feasibility, and design clinical training plans tailored to meet partner and participant needs. Medical equipment maintenance: Of course, the plane is primarily an ophthalmic teaching facility – and while it takes a lot to keep the plane in the air, there's also a lot of work required to make sure its state-of-the-art medical equipment functions correctly. Just like the aviation components, all medical equipment on the plane is subject to periodic maintenance to comply with regulations, performed this time by the biomedical engineering staff, the manufacturer, or a third party. This helps ensure efficiency, operational reliability and long-term cost savings, but most importantly, it keeps the patients safe. It really does take a village to ensure this plane continues to travel the world, sharing world-class ophthalmic training with local teams. Thanks to all those who contribute to the maintenance of the plane, but especially to FedEx, who puts the 'flying' in 'Flying Eye Hospital'. Stay tuned for more news from our upcoming Flying Eye Hospital project in Ghana, where FedEx is a Title Sponsor. Continue reading here. Visit 3BL Media to see more multimedia and stories from FedEx
Business Wire
18 hours ago
- Business Wire
Box Sets Date to Announce Second Quarter Fiscal 2026 Financial Results
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