Struggling airline Fastjet has tapped its investors for $28m and signed up a new shareholder in an attempt to stabilise a business that has been rocked by losses and boardroom turbulence. The Africa-focused budget airline has raised gross proceeds of $28.8m after successfully placing 143m ne...
Air France-KLM finalizes the transaction to sell 49.99% of the Servair share capital and transfer its operational control to airline catering company gategroup. Following the acquisition of gategroup by HNA on 22 December 2016, Air France and gategroup yesterday finalized the agree...
Zetta Jet, the fast-growing private jet operator based in Singapore, announced it has signed a definitive agreement on a merger with Advanced Air Management, a leading private aviation management company and Asia Aviation Company Pte Ltd, Singapore’s first locally-based and dedicated private aviation company. The acquisition will further advance Zetta Jet’s promise to deliver the ultim...
For the second time this year, Deutsche Lufthansa AG has placed a large-volume promissory note. The note was issued with maturities of five, seven and ten years. As a result, the group has secured a total of 1.2 billion euros in funding. Approximately half a billion euros of this amount has already been paid out in December 2016; Lufthansa will receive the remaining funds in January 2017. The f...
Targets EBIT growth before special items(1) of approximately 50%, to $530 million - $630 million Anticipates year-over-year free cash flow usage(1) improvement by approximately $400 million, to $750 million - $1.0 billion Expects low single digit revenue growth Affirms revised 2016 guidance and 2018-2020 financial objectives All amounts in this press release...
Air Partner, the global aviation services group, has acquired Clockwork Research, a leading Fatigue Risk Management consultancy. The company was founded in 2005 by Paul Jackson PhD MSc BSc and Alexandra Holmes PhD BSc Hons and has grown to become a recognised leader in the specialist area of Fatigue Risk Management Systems. Based in London, the company's core team of specialists is supporte...
Financing industry to provide approximately $126 billion in aircraft funding in 2017, up $4 billion from 2016 Healthy leasing market, variety of financiers and investors poised to meet most demand Financing environment has helped absorb impact of lack of export credit in the short-term -- history shows this is not sustainable Boeing says strength in the capital markets and innovative...
The International Air Transport Association (IATA) announced that it expects the global airline industry to make a net profit in 2017 of $29.8 billion. On forecast total revenues of $736 billion, that represents a 4.1% net profit margin. This will be the third consecutive year (and the third year in the industry’s history) in which airlines will make a return on invested capital (7.9%) which...
New research from Global Jet Capital, a global provider of financing solutions for corporate aircraft, reveals there are around 73 aircraft of this size for sale in the Middle East, with a combined value of around $939 million. Some 26 of these aircraft are registered in the United Arab Emirates, and 23 are in Saudi Arabia. The remainder is spread out across the Middle East. The findings...
Abu Dhabi Global Market has launched two initiatives to accelerate growth at the UAE’s newest free zone. It has adapted its rule book to encourage the aviation finance industry to set up on ADGM’s Al Maryah Island base; and it is to host a global summit on financial technology in support of its ambition to be a regional hub for the booming fintech industry. Ahmed Al Sayegh, the c...
airberlin announced the sale of its share in NIKI to Etihad for a total consideration of 300 million euros. The divestment marks an important milestone in the implementation of the company’s restructuring plan announced in September. The transaction is subject to regulatory approvals. Etihad will not majority own or effectively control NIKI. Stefan Pichler, CEO of...
Contract with California-based firm is intended to boost performance of new fleet of Protector drones The defence secretary, Michael Fallon, has announced a £100m contract to improve the performance of a new generation of drones for the RAF. The government disclosed as part of last year’s defence review that it would double its drone fleet from 10 to 20 and the existing Reapers w...
Russia's Sukhoi Civil Aircraft Company (SCAC) plans to draw on some 238.4 billion rubles ($3.7 billion) in funds by additionally raising its share capital, the company said Friday. In September, SCAC shareholders decided to boost the company's share capital by emitting 1,000-ruble shares. "The price of one common registered uncertificated share of the Sukhoi...
Dnata has purchased a 50% stake in GTA Aviation's cargo and ground handling operation at Toronto Pearson International Airport. This investment marks dnata’s first step into the Canadian market and is a significant development in the company’s expansion into the Americas, less than a year after announcing investments in the US and Brazil. GTA, which was launched in 2014 by Ma...
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Brazil, SANTANA
08/09/2026
United Kingdom, London
Air France-KLM today has submitted a binding offer to Parpública for the acquisition of a 44.9% to 49.9% stake in TAP Air Portugal, marking a decisive step in the airli...
