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Flexjet Buys UK-based FlairJet in Euro Expansion Bid

Qatar Investment Authority takes stake in St Petersburg airport operator

Germany’s Fraport is selling a stake in the operator of the St Petersburg airport, which is ailing from low traveller numbers due to the weakness of the Russian rouble, to the Qatar Investment Authority (QIA). The deal, from which Fraport expects to generate a gain of €30 million (Dh12...

Czech cabinet approves investment deal with GE Aviation

The Czech government approved a deal with GE Aviation on Wednesday for an investment in a new turboprop engine plant that will cost an estimated 350 million euros ($384.76 million). "The Czech government today approved cooperation with GE Aviation," Industry Minister Jan Mladek said on...

SIA Engineering Posts Group Profit Of $198.4M For 1st Quarter 2016-17

GROUP EARNINGS SIAEC Group posted a profit attributable to owners of the parent of $198.4 million for the quarter ended 30 June 2016, an increase of $157.1 million. During the quarter, the Group made a $141.6 million gain from the divestment of its 10% stake in Hong Kong Aero Engine Services Ltd (“HAESL”) to Rolls-Royce Overseas Holdings Limited (“RROH”) and Ho...

fastjet raises £15mn through share placement

fastjet says it has been able to raise GBP15 million (USD19.7 million) in fresh capital through the issuance of 30 million new ordinary shares priced at GBP0.50 (USD0.66 per share). Among the investors was the LCC's own executive chairman, Colin Child, who agreed to subscribe for 140,000 new ordinary shares or 0.13% of the enlarged issued share capital. The funds will provide sufficient...

Privatized stake in Russian Helicopters may be increased — minister

The stake in Russian Helicopters intended for privatization can be increased to 49%, but so far none of Russian investors has showed interest in it, Industry and Trade Minister Denis Manturov told reporters. "To date, there is no investor. It does not mean a delay, it is "on stand-by". The main decision (about a possible increase of the stake to 49% -TASS) has been made. As for t...

Russia's UAC and China's Comac Work on Budget for New Widebody Program

The proposed Chinese-Russian widebody airliner will require investment of between $13 billion and $20 billion. Confirming the outline program budget at last week’s Farnborough International Airshow, Yuri Slyusar, president of Russia’s United Aircraft Corporation, said that the final amount will depend on whether or not customer support arrangements will be able to use existing faciliti...

CALC Closes First Ever JOLCO

China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK), the largest independent operating aircraft lessor in China, has closed its first Japanese Operating Lease with a Call Option (“JOLCO”) financing related to two new Airbus A320 delivered to Pegasus Airlines in June. Asset Brok’Air acted as transaction arranger an...

Wizz Air Holding: Record Q1 Profitability On 18% Passenger Growth

Wizz Air Holdings Plc (“Wizz Air” or “the Company”), the largest low-cost airline in Central and Eastern Europe1, today issues an unaudited interim management statement for the three months to 30 June 2016 (“first quarter”, “Q1” or “Q1 F17”). RECORD Q1 PROFITABILITY AND STRONG BALANCE SHEET  Total revenu...

Edge of remarketing: are Chinese lessors ready for the upcoming wave of second leases?

The recent Farnborough 2016 airshow has brought over $120 billion-worth of orders. In their pursuit to operate the latest aircraft models, Asian customers, to no one’s surprise, are leading the order books. But the upcoming delivery of hundreds of new aircraft will inevitably force market players to find new owners and lessors for the aging fleet. With still rather moderate experience in air...

European Aviation can still be profitable - EESC calls for investment, integration & social dialogue

The overarching goal of the EU Aviation Strategy should be to create a climate which encourages European investors to invest in the aviation sector, according to the EESC – the EU institution representing civil society. In its opinion entitled Aviation Package I, the European Economic and Social Committee (EESC) calls for European investment to follow that of other governments a...

Viking and Longview Aviation Asset Management to Provide New Lease & Financing Options

Viking Air Limited (“Viking”), a global leader of utility aircraft, support and services and manufacturer of the world-renowned Twin Otter, and Longview Aviation Asset Management, today announced a new relationship that will provide customers for both new-build and used Twin Otter aircraft with new financing alternatives and additional flexibility when considering their aircraft needs....

Rolls-Royce to Buy Remainder of Engine Components Business

Rolls-Royce Holdings Plc said it has agreed to buy the stake it doesn’t already own in Industria de Turbo Propulsores SA for 720 million euros ($795 million) to strengthen its position in the service market for its largest engines that power Airbus and Boeing jets. The U.K. manufacturer is buying the remaining 53.1 percent from Sener Grupo de Ingeniería SA, which exercised a put op...

A$1.2bn QantasLink Contract Extension awarded

Cobham has signed a contract to extend its current QantasLink contract for the provision of airline services through to the end of 2026. Cobham announced today that it has been awarded a 10 year, A$ 1.2 billion contract to continue provision of airline services to QantasLink, supporting their fleet of 20 Boeing 717 aircraft to the end of 2026. The Cobham-Qantas partnership commenced in 1991...

Norsk Titanium Announces Close of $25 Million Funding Round

Norsk Titanium AS, the world’s pioneering supplier of aerospace-grade, additive manufactured, structural titanium components today announced the successful close of its Q2 2016 funding round. Minneapolis-based investment bank Piper Jaffray led the round for Norsk Titanium to secure investment from institutional and strategic investors to provide financing for a rapidly expanding customer...

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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...