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Equiom reaches new yachting and aviation milestone

Equiom has reached a new milestone of USD4 billion in assets under administration for its yachting and aviation portfolio. As one of the largest yachting and aviation departments in the corporate service sector globally, Equiom has a 30-strong yachting and aviat...

Norwegian reports a pre-tax result of 861 million NOK (£80.5m) and a high load factor

Norwegian (NAS) reported its second quarter results for 2017. The pre-tax result (EBT) was 861 million NOK (£80.5 million). This is slightly down from last year’s result, mainly due to higher oil prices and the air passenger tax implemented by the government in Norway last year. The over...

Bombardier Announces Dividend Rate Applicable to its Series 3 Preferred Shares

Bombardier Inc. announced that as of August 1, 2017, its Series 3 Preferred Shares will pay, on a quarterly basis, as and when declared by the Board of Directors of Bombardier Inc., cash dividends for the following five years that will be based on a fixed rate equal to the product of (a) the average of the yield to maturity, designated on July 11, 2017 by National Bank Financial Inc. and Scotia Ca...

Embraer Delivers 35 Commercial and 24 Executive Jets in 2Q17

During the second quarter of 2017 (2Q17), Embraer delivered 35 jets to the commercial aviation market and 24 jets to the business aviation market, of which 16 were light jets and eight were large jets. The number of deliveries in Commercial Aviation rose roughly 35% over the same period last year. With respect to Executive Jets, the segment delivered five large jets more than in the second quar...

Aeroflot receives Airbus A321 – 5th aircraft delivered by AviaAM Financial Leasing China

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has delivered Airbus A321 aircraft to the largest Russian carrier Aeroflot – Russian Airlines. The recent aircraft delivery is the 5th out of planned 8 under the...

Rockwell Collins Increases Share Repurchase Authorization by $200 Million

The Board of Directors of Rockwell Collins recently approved the purchase of an additional $200 million of Rockwell Collins common stock. With this additional authorization, total share repurchases authorized as of July 7, 2017 is $285 million. “This additional authorization demonstrates the Board of Directors’ continued confidence in our ability to generate cash flow needed to...

StandardAero & Airbus exclusive negotiations for the acquisition by StandardAero of Vector Aerospace Holding

 StandardAero Aviation Holdings, Inc. (“StandardAero”) and Airbus SE (“Airbus”) announced that they have entered into exclusive negotiations with respect to an acquisition by StandardAero of Vector Aerospace Holding SAS (“Vector”) from Airbus. Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for...

DC Aviation Announces Sale of its Foundation Airbus and its Continued Operation for the New Owner

DC Aviation, headquartered in Stuttgart, announces that it sold its „foundation aircraft“, an Airbus A319 CJ, with which it originally started its operation, and that it will continue to operate and maintain the aircraft for the new owner. From 1999 through 2008 DC Aviation was a subsidiary of the DaimlerChrysler AG managing the regular shuttle traffic between the two corporate head...

Strong 2017 Mid-year results for Avinco with 18 helicopter transactions

Avinco again demonstrated its unaltered ability to perform steadily in spite of global market challenges. 18 helicopters transactions were achieved in the first semester of 2017, of which 2 from its own portfolio. Despite a challenging market in the first half of 2017 Avinco placed a wide range of helicopters of which EC120, AS350’s,H125, BK117,  EC145, AS365’s;  EC...

AviaAM Leasing delivers Boeing 737 business jet for KlasJet

AviaAM Leasing, a Warsaw Stock Exchange listed global aviation holding company, engaged in the business of commercial aircraft acquisition, leasing and sales, has announced having delivered Boeing 737 business jet on an operating agreement to European business aviation company KlasJet. Having acquired the Boeing 737-500 in November 2016, AviaAM Leasing became the third owner of the aircraf...

Airlines owe summer travelers almost 400 million euros in compensations

As the summer holiday season kicks in, Europeans are getting ready for their flights to sunny beaches of Turkey, Spain or Greece. However, not all stories from these resort-filled countries are positive – stories about passengers left stranded after delayed or cancelled flights are hard to miss. It is no surprise since airlines are profiting from passengers not knowing their rights – a...

SmartLynx Airlines turnover increased by 18% in 2016, plans to expand operations to Asia, North America and Canada

A consolidated audit of SmartLynx Airlines, which is the second largest passenger air carrier and third largest passenger carrier in Latvia, shows that net turnover of the company in 2016 increased by 18% to 108.4 million euros. Aircraft wet lease services represent 53.3% of the company’s business portfolio, with charter flights taking up another 45.5% thereof. The aircraft wet lease (ACM...

AviaAM Financial Leasing China has announced the delivery of 4th Airbus A320 family aircraft to Aeroflot

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has acquired 4th Airbus A320 family aircraft which was delivered to Airbus facilities in Toulouse, France. On the 23rd of June, the 20 business and 120 economy seats config...

Boeing, GECAS Announce Order for 20 737 MAX 10s

 Boeing and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric [NYSE: GE], today announced an order for 20 737 MAX 10s at the Paris Air Show, converting 20 of its current MAX orders to the larger MAX 10. "This 737 MAX 10 order further enhances our fleet with the newest technology, offering our customers commonality along wi...

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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...

Vertical Aerospace insiders increase their shareholding in EVTL by 50% in November

16 members of Vertical Aerospace Board of Directors and senior leadership team completed open-market purchases of the Company’s ordinary shares over a two-week open trading window period in Nove...