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Successful June for JetLoan Capital

AviaAM Leasing acquires and sells Airbus A321-211

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, announced having acquired one Airbus A321 aircraft which was then subsequently delivered to one of its customers under the lease to purchase agreement. AviaAM Leasing acquired one Airbus A321-211 aircraft from the largest Ru...

Boeing, Air Lease Corporation Finalize Order for 12 737 MAXs

Boeing and Air Lease Corporation have finalized an order for 12 737 MAXs first announced at the 2017 Paris Air Show. The agreement also includes two new orders for the 787-9 Dreamliner. "These additional orders reflect ALC's highly successful placements to date of our MAX and 7...

GA Telesis Announces Launch of $500 Million GAIN 2 Fund

GA Telesis, LLC (“GA Telesis”) and Wafra Capital Partners Inc. (“WCP Inc.”) jointly announced today that GA Telesis has raised a new $500 million investment vehicle from institutional and private clients advised by WCP Inc. to establish a second aviation investment vehicle focused on aircraft and engine investment opportunities. This capital raise constitutes the second rou...

Piper's Deliveries and Revenue Continue Upward Trend in Q2 2017

Piper Aircraft Inc. announced its aircraft sales and delivery results for the second quarter of 2017, ending June 30. The company continued to grow its new aircraft deliveries and revenue with sales of turbine, M-Class products leading the company's performance success. Additionally, Piper trainer sales growth is being led by the proven Archer platform with sales backlog into Q3 2018....

Boeing, BOC Aviation Finalize Order for 10 737 MAX 10s

Boeing and BOC Aviation Limited have finalized a deal for 10 737 MAX 10 airplanes. The announcement, first made at the 2017 Paris Air Show, is valued at approximately $1.25 billion at list prices. "We are pleased to be adding the Boeing 737 MAX10 aircraft to our future delivery pipeline, which offers airlines greater capacity combined with excellent operating costs and...

Lockheed Martin Invests $350 Million in State-of-the-Art Satellite Production Facility

Preliminary construction is underway on a new, $350 million Lockheed Martin facility that will produce next-generation satellites. The new facility, located on the company's Waterton Canyon campus near Denver, is the latest step in an ongoing transformation, infused with innovation to provide future missions at reduced cost and cycle time. The new Gateway Center, slated for completion...

Leonardo: first half 2017 progress confirms growing orders and profitability

New Orders at EUR 5.1 billion, higher than 1H2016 net of the EUR 8 billion EFA Kuwait contract booked in the second quarter 2016 Stable revenues and solidly improving profitability with ROS at 9.0% Lower Group Net Debt at EUR 3.6 billion, also thanks to receipt of the second installment of the advance payment on the EFA Kuwait contract in first quarter while also after outflows for strategi...

Half-year results 2017: MTU Aero Engines raises forecast

MTU Aero Engines AG generated revenues of €2,548.0 million in the first six months of 2017, up 11% on the previous year (1-6/16: €2,299.2 million). The group’s operating profit increased by 26% from €254.1 million to €320.8 million, resulting in an EBIT margin of 12.6% (1-6/16: 11.1%). Earnings after tax increased by 29% from €176.1 million to €227.5 million....

Airbus reports Half-Year (H1) 2017 results

 Revenues €29bn; EBIT Adjusted €1.1bn; EBIT (reported) €1.8bn; EPS (reported) €1.94 Commercial aircraft environment healthy, robust backlog supports ramp-up plans H1 financials reflect delivery pattern mainly impacted by engine issues 2017 guidance maintained Airbus SE (stock exchange symbol: AIR) reported half-year 2017 financial results and maintained its g...

ST Engineering’s Aerospace Arm Incorporates New Companies for Engine Leasing

Singapore Technologies Engineering Ltd (ST Engineering) announced that its associated company, Total Engine Asset Management Pte. Ltd. (TEAM), has set up two new special-purpose vehicles, namely Total Engine Asset Management Ireland 01 Limited (TEAM Ireland 01), in Ireland, and TEAM UK 01 Limited (TEAM UK 01), in the United Kingdom. TEAM Ireland 01 and TEAM UK 01, with share capital of US$...

Ryanair Q1 Profits Rise 55% To € 397m Due To Strong Easter But No Change To FY Guidance

Ryanair, Europe’s No. 1 airline, reported a 55% rise in Q1 profit to €397m. This result is distorted by the timing of Easter in Q1 with no holiday period in the prior year comparative. Traffic grew 12% to 35m as Ryanair’s lower fares and “Always Getting Better” (AGB) programme delivered a record 96% load factor. Ryanair’s CEO Michael O’Leary said:&nb...

AviaAM Leasing sells 4th Airbus A321 with lease attached

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, have sold 4th Airbus A321 aircraft from its fleet with lease attached. The ownership of the aircraft was transferred to the new lessor together with operating lease contract with Small Planet Airlines Poland. On the 20th of July, AviaAM Leasing sold one Airbus A321-211 aircraft (MSN 2342) with lease attached. This was the...

Etihad Airways sells first airline stake since launching review

Etihad Airways has sold its minority stake in European regional carrier Darwin Airline, the first divestment since launching a strategic review last year and just weeks after chief executive James Hogan left the Abu Dhabi carrier. Etihad, which held a 33.33 percent stake in Darwin Airline, and other investors have sold their shares to a new Swiss subsidiary of Slovenia's Adria Airways, acco...

Zenith Aviation almost doubles hours flown in half year performance report

Biggin Hill based corporate jet operator, Zenith Aviation has reported a staggering year on year increase in the number of hours flown in both Q1 and Q2 of 2017 in comparison to the same period last year. Managing director of Zenith Aviation, Stuart Mulholland commented: “We saw a 37% increase in June compared to the previous year and our Jan-June period saw a huge 83% increase. This, add...

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Essential news

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...

iOS Apps development in Riga, Latvia

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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...