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Air Partner’s Tony Whitty comments on the aircraft sales and leasing market

Consolidation of Sheremetyevo International Airport JSC assets completed

May 31, 2017 witnessed the virtual completion of the second stage of the consolidation of Sheremetyevo International Airport JSC assets: the reorganization took place in the form of the merger of Sheremetyevo Airport JSC with Sheremetyevo International Airport...

Leonardo successfully taps Eurobond market with a EUR 600 millon offering

 Leonardo successfully tapped the Eurobond market with a EUR 600 million bond issue. The offering, targeted to Italian and international institutional investors, has a 7 year tenor, maturity June 2024 and a fixed-rate coupon of 1.50%. The issue price was 99.147%. Coupons are paid annu...

AviaAM Leasing reports €80,8 million revenue, profit growth in 2016

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, has announced its financial results of 2016 recording significant increase in business volumes – company’s revenue tripled to €80,8 million, operating profit jumped by 75% from €13,9 million in 2015 to €23,1 million in 2016. Net profit grew from €9,1 million to €16,1 million. The c...

VEB Group’s invested $90mln in the MC-21

VEB Group invested 90 million U.S. dollars in the development of Russia’s first medium-haul passenger jet MC-21, with part of the sum meant as an advance payment for future planes, chairman of Vensheconombank Sergei Gorkov said on Sunday. "VEB Group invested 90 million U.S. dollars in the construction of the first Russian narrow-bodied passenger MC-21 plane. Part of this sum came as...

Leonardo: in the first quarter of 2017 higher orders and improved profitability

New Orders at about EUR 2.6 billion, higher than 1Q2016. Book-to-bill improved at 1.1 Solid and continuous improvement of EBITA (+14%) and EBIT (+16%). RoS at 7.6% Net Result Before Extraordinary Transactions at EUR 78 million, almost 40% higher Significantly improved Group Net Debt at EUR 3.3 billion, thanks to cash-in of the second installment of the advance payment on the EFA Kuwait co...

Mumtalakat invests in FAI Aviation Group

FAI is a leading provider of mission-critical aviation services, based in Germany With 23 aircraft, FAI serves the Insurance- and Assistance-Industry, corporations, Government Agencies and NGOs Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has acquired a significant minority stake in Axtmann Aviation Holding GmbH that operates FAI...

GE Aviation Opens New Brilliant Factory

GE Aviation celebrated in Muskegon the grand opening of its $14.5 million Brilliant Factory – an investment that will stimulate economic growth in the region and where GE is using data and analytics to run its plants more efficiently. For the event, John Bowman, general manager, Supply Chain for GE Aviation joined Senator Debbie Stabenow, State Senator Goeff Hansen, State Representatives...

Pilatus Reports Successful Business Year 2016

With sales revenue of 821 million Swiss francs, performance in financial 2016 was better than expected. Operating earnings totalled 89 million Swiss francs after deduction of Research and Development investment of 101 million Swiss francs. 56 additional jobs were created across the Group as a whole. 117 aircraft were delivered to customers. The PC-24 development programme is proceeding according t...

Air Partner delivers strong full-year profits and good strategic progress

Air Partner plc (Air Partner or Group), the global aviation services group, today reports results for the year ended 31 January 2017.   January 2017 January 2016 Change (%) Gross transaction value (£m) 215.8 210.8 2.4 Gross profit (£m)...

Cargolux Group flies profitably through volatile 2016

Cargolux Airlines has proved its qualities once more in the extremely volatile environment of the international air cargo industry. In a year dominated for the major part by worryingly low yields, fierce competition and overcapacity, the airline experienced a robust fourth quarter, one of the strongest in many years. The net profit for 2016 totaled US$ 5.5 million while scheduled freight tonne kil...

IAG Invests in two Hangar 51 start-ups

Following its highly successful Hangar 51 accelerator programme, International Airlines Group (IAG) is to invest in two start-ups: Esplorio and Vchain. More than 450 start-ups applied to join Hangar 51. Following a pitch day, five companies were selected to spend 10 weeks working in IAG’s headquarters. From those five companies, Esplorio and Vchain have been selected to continue workin...

Textron Reports First Quarter 2017 Results

Textron reported first quarter 2017 income from continuing operations of $0.37 per share or $0.46 per share of adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, compared to $0.55 per share in the first quarter of 2016. During this year’s first quarter, the company recorded ...

Honeywell profit beats; shares hit record high

Honeywell International Inc said on Friday its commercial aviation after-sales business was benefiting from robust air travel, while its energy division was getting a lift from stable oil prices, sending shares to a record high. The diversified U.S. manufacturer's shares rose as much as 3.6 percent to $128.30 in afternoon trading. Honeywell, which made an unsuccessful bid...

ST Engineering’s Aerospace Arm Secures New Contracts Worth about S$1.11b in 1Q2017

Singapore Technologies Engineering Ltd (ST Engineering) announced that its aerospace arm, Singapore Technologies Aerospace Ltd (ST Aerospace), secured new contracts worth about S$1.11b in the first quarter (1Q) of 2017 for services ranging from line and heavy airframe maintenance to component repair and overhaul. The 1Q2017 contracts include performance-based logistics operation and support for...

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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...