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Lufthansa Group on successful path of modernization

Boeing Details More Than $54 Million in Grants and Philanthropic Investments

Contribution Part of Previously Announced $300 Million Tax Reform Package Puts Company on Path to Exceed $200 Million in Corporate Giving in 2018 Announcement Coincides with Launch of 2018 Boeing Global Engagement Portfolio​ Boeing announced details for $54 million in grants and p...

AviaAM Leasing bought an HQ building in Cyprus for Euro 4.3 Million

AviaAM Leasing, global aviation holding company engaged in commercial aircraft acquisition, leasing, and sales globally, has obtained a new HQ building in Limassol, Cyprus. While already managing subsidiaries in Ireland, Lithuania, Cyprus, andChina; the company has invested Euro 4.3 million in...

SmartLynx Airlines turnover increased by 21% in 2017; company planning to expand operations to North America and Canada

A consolidated audit of SmartLynx Airlines, the leading ACMI and charter provider in the EU on Airbus A320, second largest passenger air carrier and third largest passenger carrier in Latvia, shows that the net turnover of the company in 2017 increased by 21% to EUR 131.5 million. Aircraft wet lease services represent 56% of the company’s business portfolio, with charter flights representing...

Pilatus Maintains Cruising Altitude and Writes another Chapter in its Success Story

Financial 2017 was an extremely busy year for Pilatus, and an exceptionally successful one, too. With sales of 986 million Swiss francs, 115 aircraft deliveries, a full-time workforce of over 2000 and – the absolute highlight – certification of the PC-24 at the end of the year, Pilatus achieved the goals. As a whole, financial 2017 turned out better than the previous year. At 986 mi...

Jet Aviation completes acquisition of Hawker Pacific

Jet Aviation announced that it has completed its acquisition of Hawker Pacific, a leading provider of Civil MRO, Fleet and FBO Services, and Aircraft Sales across Asia Pacific and the Middle East. The transaction is valued at US$250 million. Rob Smith, president of Jet Aviation, said: “We are now in a position to further expand our current portfolio, enter new markets across Asi...

AviaAM Leasing leases second Airbus A321 aircraft to Air Transat

AviaAM Leasing; a WSE listed global aviation holding company engaged in commercial aircraft acquisition, leasing, and sales; has announced the delivery of an Airbus A321-211 to the Canadian carrier Air Transat. The aircraft will supplement an Airbus A321 which was delivered by AviaAM Leasing earlier this month.   The Aircraft was delivered to the client at Kaunas, Lithuania on April 27,fre...

Piper's deliveries and revenue rise in first quarter 2018

Piper Aircraft Inc. announced its aircraft sales and delivery results for the first quarter of 2018, ending March 31. The company continued to grow its new aircraft deliveries and revenue with the company’s flagship product, the turbine powered, M600 leading the company’s performance success. Additionally, Piper trainer sales growth continues to be led by the proven Archer platfor...

JetLoan Capital updates on financing transactions

Sam Harris, President of JetLoan Capital based in Stuart, FL announced that the company completed five aircraft financing transactions in March 2018. The transactions are as follows: • Refinancing of a 2002 Citation X with an interest rate of 5.07%, 42-month term, and 144-month amortization for a client who uses the plane in a Part 135 Operation. • Acquisition financing for a 2001 Le...

Boeing HorizonX Invests in 3D Printing Startup Morf3D

Investment furthers Boeing's commitment to a competitive ecosystem for aerospace-quality 3D-printed parts Boeing [NYSE: BA] announced its investment in Morf3D, an El Segundo, Calif.-based company specializing in metal-based additive engineering and manufacturing. Morf3D's technology enables lighter and stronger 3D-printed parts for aerospace applications. Since Morf3D was e...

Boeing HorizonX Invests in Reaction Engines, a UK Hypersonic Propulsion Company

- Hypersonic propulsion technology enables high-speed point-to-point transport - First investment in a UK company by Boeing HorizonX Ventures Boeing announced its investment in Reaction Engines Limited, a leader in advanced propulsion systems based in Oxfordshire, United Kingdom. Reaction Engines' technology will contribute to the next generation of hypersonic flight and s...

Jet Aviation to acquire Hawker Pacific

Jet Aviation and Hawker Pacific today announced that Jet Aviation has entered into a binding agreement to acquire Hawker Pacific, a leading provider of integrated aviation solutions across Asia Pacific and the Middle East, for US$250 million. "The acquisition of Hawker Pacific represents a significant step in expanding our footprint, capability and customer offer across Asia Paci...

How seasonality affects the aircraft leasing market?

Fuelled by growing passenger numbers worldwide, commercial aviation industry is rapidly expanding, presupposing a drastic rise of global airline fleet in the years to come. Notwithstanding the potential, even this growth trend remains subject to inevitable year-on-year fluctuations in the market due to seasonality. Just like airlines constantly open  and close  new routes depending on se...

NAC has signed an agreement to lease five new E175 and E190 aircraft to JSC Belavia- Belarusian Airlines

Nordic Aviation Capital (NAC) is pleased to announce that it has committed to lease five Embraer, three E195’s and two E175’s, to Belavia-Belarusian Airlines, the largest carrier in the Republic of Belarus. The placement of the five new aircraft are from NAC’s existing Embraer order book. The delivery of the first three aircraft, two E195’s and one Е175, is expected as e...

Boeing, Air Lease Corporation Sign Order for Eight 737 MAX Airplanes

Order from leading airplane lessor reflects strong market demand for new and improved 737 jet  Boeing and Air Lease Corporation (ALC) announced they have finalized an order for eight more 737 MAX 8 airplanes, valued at $936.8 million at list prices. Air Lease Corporation (ALC), one of the world's leading airplane lessors, has been a big buyer of the improved 737 airpl...

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AerCap orders 100 additional Airbus A320neo family aircraft

AerCap has signed a firm order with  Airbus for 23 A320neo and 77 A321neo aircraft. This transaction underscores AirCap’s strategy of investing in the world's most in-demand, fuel-effic...

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MTU Maintenance Lease Services invests in TRecs to digitalise engine transition management

MTU Maintenance Lease Services, the engine leasing and asset management arm of MTU Maintenance, announced a strategic minority investment in TRecs . TRecs is a platform digitalising Open Ite...

WingsLeasing signs dry lease agreement with University of Nebraska-Kearney flight school

WingsLeasing announced the signing of a dry lease agreement of seven Tecnam P-MENTOR aircraft for the University of Nebraska-Kearney flight training program, marking a significant step forward in resh...

Emirates breaks ground on US$ 5.1 billion ultra-modern engineering facility at Dubai South

Emirates has broken ground on its new US$ 5.1 billion engineering complex at Dubai South slated to become the world’s most modern and advanced MRO facility, cementing Emirates' and Duba...

AURA AERO scales up: Series B completed, first firm orders, and two industrial sites to be built in France and the U.S.

AURA AERO is entering a new phase. Thanks to a new €50 million funding round, grants secured in France and Europe, and financial support from the State of Florida for its U.S. plant, AURA AERO ha...

AerCap orders 100 additional Airbus A320neo family aircraft

AerCap has signed a firm order with  Airbus for 23 A320neo and 77 A321neo aircraft. This transaction underscores AirCap’s strategy of investing in the world's most in-demand, fuel-effic...

Aviation Capital Group orders 50 Boeing 737 MAX aircraft

Boeing and Aviation Capital Group LLC announced the airplane lessor has placed a new order for 50 737 MAX jets, including 25 737-8 and 25 737-10 airplanes. The acquisition of 50 additional jets i...

TrueNoord places firm order for 20 Embraer E195-E2 aircraft and secures purchase rights for up to 30 additional jets

TrueNoord has signed a firm order agreement with Embraer to acquire twenty factory-new E195-E2 aircraft. The agreement also includes purchase rights for up to twenty additional new E195-E2 aircra...