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Lufthansa issues 1.2 billion euro promissory note

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...

Bombardier Announces 2017 Guidance, Targeting Strong Earnings Growth and FCF Improvement

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 Affi...


Air Partner continues to fly high with acquisition of Clockwork Research

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...

Boeing Forecasts Increased Funding Needs Utilizing Diverse Sources for 2017 Aircraft Financing

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...

IATA: Another Strong Year for Airline Profits in 2017

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...

Research from Global Jet Capital identifies $939 million of mid to large sized private jets for sale in Middle East

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...

ADGM moves to bring in aviation finance industry

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 marks milestone to refocus its business with sale of NIKI

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...

UK defence secretary announces £100m deal to improve RAF drones

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 to Boost Share Capital By Almost $4Bln

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 expands into Canada with Toronto deal

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...

Drone Usage in Agriculture Could Be a $32 Billion Market

Agriculture could be one of the biggest drone markets. You might be familiar with the idea of drones delivering consumer packages or monitoring security areas, but did you know that drones were first used commercially in Japan for agricultural purposes? In fact, agricultural efficiency is poised to take a big leap with drone technology now that the U.S. Federal Aviation Administration is stream...

Bombardier Announces Closing of its New Issuance of Senior Notes due 2021

Bombardier Inc. announced that it has successfully closed its offering of US$1.4 billion aggregate principal amount of new Senior Notes due December 1, 2021 which carry a coupon of 8.750% per annum and were sold at 99.001% of par (the “Notes”). Bombardier intends to use the net proceeds of this offering of Notes, together with cash on hand, to finance the redemption of all of i...

Brazil approves Qatar Airways’ stake purchase in Chile-based Latam Airlines

Latam Airlines has announced that Brazil’s competition regulator Cade has given the green light for Qatar Airways to purchase a stake in the Chile-headquartered regional carrier. Qatar Airways in July agreed to acquire up to 10 per cent of Latam’s total shares following a capital increase of US$613 million, through the issuance of new shares at $10 per share. Latam said it will n...

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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...