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Aircastle Announces New $400 Million Term Financing

Air Traffic Control strikes cost up to €9.5 billion of European Union’s GDP

A4E has released a new study on the economic impact of Air Traffic Control (ATC) strikes in Europe during its first “CEO Summit on Air Mobility and Prosperity” in Brussel, today. The analysis compiled by PwC reveals that between 2010-15 the overall impact of ATC strikes reduced...

Waypoint places two Sikorsky S-92 helicopters

Waypoint Leasing has placed two new Sikorsky S-92s on lease with a global helicopter operator. “Despite a period of weak demand for oil and gas globally, and a recent shift in the market for heavy aircraft, we are receiving numerous inquiries.” Clark McGinn, Waypoint’s senior...

Lufthansa CEO Sees "Manageable" Brexit Impact -- So Why Did American Air Shares Fall 11%?

Shares in the big three U.S. airlines fell sharply Friday, as investors worried that the impact of Brexit would be damaging to international airlines that serve Great Britain. However, the CEO of Lufthansa Group has told employees that the impact of Brexit will be limited, according to the Twitter TWTR -3.52% site @LufthansaFlyer, which follows the company. Lufthansa Group owns Lufthansa, SWISS...

EU referendum - PwC comments on potential consequences for the airline industry

Ben Paul, PwC partner and airline industry leader, said: 　 “The decision to leave the EU has profound implications for our aviation industry, with issues ranging from access to the single aviation market to sector financing and infrastructure investment. 　 “Leaving the EU has wider implications than just access to the European market. EU-level air services agreements with count...

AWAS orders 15 A320 Family aircraft

AWAS, the Dublin-based leading global aircraft leasing company has announced an order for an additional 15 A320 Family aircraft, comprising 12 A320ceo and three A321ceo aircraft. Dave Siegel, AWAS CEO remarked on the deal, “AWAS is pleased to continue our long-term relationship with Airbus in reaching this deal for the order of 15 A320 CEO Family aircraft which wi...

Aviation Finance Company reaches $6.5 billion of financing with eight sale-leaseback for Emirates

Aviation Finance Company (AFC), a Stellwagen Group company headquartered in Dublin, has now completed over $6.5 billion of financing with the sale and leaseback of its eighth A380-800 to Emirates. This will be the second A380 that will be owned by Stellwagen. Since its foundation three years ago, AFC has financed the delivery of aircraft for both airlines and leasing companies. Seraph...

Sberbank and Volga-Dnepr Group sign strategic cooperation agreement

Sberbank and Volga-Dnepr Group entered into a strategic cooperation agreement at the St. Petersburg International Economic Forum. The document was signed by Maxim Poletaev, First Deputy Chairman of the Executive Board of Sberbank, and Alexey Isaikin, President of Volga-Dnepr Group. According to the arrangements that were reached, Volga-Dnepr Group will consider Sberbank as a strategic partner f...

Plane-Seat Supplier Zodiac Jumps as Airbus A350 Logjam Eases

Zodiac Aerospace shares rose as much as 13 percent Wednesday after the biggest supplier of seats to Airbus Group SE said a logjam in the production of premium berths for the manufacturer’s latest A350 model is beginning to ease. Zodiac, which has struggled to meet Airbus and Boeing Co. delivery schedules for two years after taking on too much work, has achieved certificatio...

Qantas completes $500 million share buyback, eyes further shareholder returns

Qantas is looking ahead to potentially returning further capital to shareholders after concluding a $500 million share buyback. In a regulatory filing to the Australian Securities Exchange on Tuesday, Qantas said its $500 million share buy back program bought back 143.6 million shares for a weighted average price of $3.4819 per share since the program began in March. The highest price paid w...

Airbus raises $2.69 bln from Dassault stake sale

Airbus Group SE Friday said it raised EUR2.38 billion ($2.69 billion) through the sale of its remaining 23.6% stake in French Rafale combat jet maker Dassault Aviation SA. For over a year Airbus has been reducing its stake in Dassault Aviation, which it held as part of the formation of the European plane maker. It began the gradual disposal in 2014 and sold an 18.75% holding last year, leaving...

Emirates repays two bonds in full totalling more than USD $1.1 billion

Emirates Airline announced today that it has repaid a bullet bond in full for the value of USD $1 billion (AED 3.673 billion) on its maturity date of 8 June 2016. The USD $1 billion bullet bond was raised in 2011 to address Emirates’ working capital requirements. Emirates will also be repaying a bond totalling SGD 150 million later this month, which was ori...

Gulf Air Reduces Losses by 88% in the Three Years

 Gulf Air, the Kingdom of Bahrain’s national carrier, has posted its 2015 financial and operational results, revealing a fall of almost BHD40 million in the airline’s annual losses from BHD62.7 million in 2014 to BHD24.1 million in 2015 – equivalent to a landmark 62% reduction. Commenting on the airline’s record 2015 annual results H.E. Shaikh Khalid bin Abdulla Al...

AVIC buys London-based aircraft cabin interior supplier

With AIM purchase aviation firm continues program of snapping up niche specialists Chinese aviation firm AVIC International Holding Corp has completed the acquisition of AIM Altitude, a Britain-based aircraft cabin interior supplier, for an undisclosed amount, from the London based private equity firm TowerBrook. AIM Altitude, based in Bournemouth in southern England, has three production ba...

AirAsia has had $1 billion takeover offer for leasing unit: report

Asia's largest budget airline AirAsia Bhd has received a $1 billion offer for its aircraft leasing unit, Bloomberg News quoted Chief Executive Tony Fernandes as saying. AirAsia intends to divest the business, Asia Aviation Capital Ltd, at some point, Fernandes told Bloomberg on Monday but added that the offer needs to be discussed further with the board. He was quoted as saying that the...

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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...