Waypoint Leasing has closed a further $37 million revolving credit facility with KeyBank’s Speciality Finance Lending unit. The company’s total revolving facility with KeyBank has now increased to $575 million. Waypoint say that they will use the extra funds to refinance helicopters that are currently financed with cash. “This facility further expands our valuable revolv...
Russia’s aviation watchdog Rosaviatsia is against developing regular air communication with Turkey as long as the situation in that country poses a threat to Russian citizens, Rosaviatsia Chief Alexander Neradko said on Thursday. "Currently, we are against developing regular air communication until the situation allows considering the stay of our citizens in Turkey as safe," he...
Gama Aviation have secured the inaugural visit to the island of the new HA-420 HondaJet, an advanced light jet. The jet is being exclusively showcased by us at our event for ourclients on Thursday 12 May at Jersey Airport. The HondaJet seats up to six passengers and is the fastest, highest-flying, quietest, and most fuel-efficient aircraft in its category. The revolutionary...
Singapore Airlines, South East Asia’s biggest carrier, reported profit that lagged behind analyst estimates as competiton for premium travellers was eroded by the UAE’s biggest carriers and losses from fuel-hedging countered gains from carrying more passengers during the Lunar New Year holiday season. Net income was S$224.7 million (Dh602.3m) in the fiscal fourth-quarter ended March...
Leading aircraft charter specialist, Air Charter Service, reports that its China operation is really on a roll, following impressive growth last year and a strong start to 2016. Managing Director of ACS’s Beijing office, Wanny Wu, comments: “Our 2015 results were really outstanding – we arranged 56% more charters than in 2014. This was led by a significant increase in numbers...
Honeywell has embarked on the second phase of a NASA-funded initiative which could help to remove some of the legislative barriers preventing overland supersonic flight. US Federal Aviation Administration regulations have, since 1973, prohibited supersonic flight over land by civil aircraft to limit the potential nuisance of noise pollution generated by the sonic boom. But NASA has been...
Bell Helicopter, a Textron Inc. company announced today that its Prague location officially opened a new paint facility and delivery center –providing full aircraft completion and delivery capabilities to its European customers. “Bell Helicopter’s continued investment in the region reinforces our commitment to our European customers to provide an in-region facility that offers...
Latvian airline airBaltic achieved a net profit of EUR +19.5 million for the full year of 2015, significantly surpassing results a year earlier of EUR +10.7 million and ensuring sustained profitability for the company. Martin Gauss, Chief Executive Officer of airBaltic: “airBaltic has been profitable for three consecutive years. This is an excellent foundation to build on, as our Ho...
RUAG Aviation is the first company in Europe to fully repaint a Bombardier Challenger 350 since the aircraft’s launch in 2013. The project, a significant milestone for the company, was completed in record time with maximum transparency, and focused on implementing minute and precise customisations, applying personalised artwork and harmonising finishing effects. The project was ordered by...
Marignane, Airbus Helicopters has been awarded a contract by the French Defence Procurement Agency (DGA) to retrofit the avionics suite of the 35 EC145 helicopters operated by the Sécurité Civile, an agency of the French Ministry of Interior that performs critical search and rescue and medical evacuation services throughout the French territory. As part of this retrofit, all...
It’s a tale that could be dubbed “From Russia to Love.” Two Boeing Co. 737 jetliners swooped onto a factory airfield near Seattle in March, the last of the models once flown by a collapsed Russian carrier. They were headed for makeovers to erase the Cyrillic logos and any other trace of Transaero Airlines. Next stop: Dallas’s Love Field, where hometown carrier Southwest...
The undisputed superstar of the skies -- the biggest airplane in the world -- is taking flight on a rare delivery mission across three continents. The Ukrainian cargo jet named "Mriya" is one of a kind. There is no other. That's why the gawkers showed up Tuesday in Prague. They watched in awe as this big boy defied gravity before it touched down at Vaclav Havel Airport in the C...
