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...
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 add...
U.S. lender CIT Group Inc has kicked off the sale of its aircraft leasing assets by inviting more than a dozen entities to consider bidding, including China's HNA Group, Industrial and Commercial Bank of China's ICBC Leasing, and Japan's Orix Corp, sources familiar with the matter said. The sale of CIT's Commercial Air unit could fetch between $3 billion to $4 billion,...
Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles and Alitalia have successfully raised a further US$500 million in a second platform financing transaction, following the success of last year's award-winning bond which raised US$700 million. A roadshow was announced on Monday 16 May 2016 to a positive response from the international financial community, followed...
Ask any aerospace company on P.E.I. what attracted them to the Island and somewhere in the answer will be P.E.I.'s Aerospace Tax Rebate program.Take for example MDS Coating based at Slemon Park, which develops and manufactures coatings primarily for gas turbine engines. They moved to P.E.I. in 2003. "We had offices in Ottawa and Montreal and they weren't big enough to accommod...
Ryanair, Europe’s No.1 airline, today (May 23) reported full year profits of €1,242m, a 43% increase on the prior year. Traffic grew 18% to 106m as load factor jumped 5% points to 93%. Ave. fare dropped 1% to €46 as unit costs fell 6% (ex-fuel down 2%) in Year 2 of its Always Getting Better (“AGB”) programme. Ryanair’s Michael O’Leary, said: “FY16...
Private jet booking platform Stratajet has announced the closure of a $8m funding round led by Octopus Ventures. The round, which also drew support from existing investors Playfair Capital and JamJam Investments, brings the company’s total funding to $14m. According to a statement, the money will allow the London headquartered company to invest in further development. Jonny Nicol, f...
BOC Aviation Ltd has secured 11 cornerstone investors for its $1.1 billion Hong Kong initial public offering (IPO), tapping China Investment Corp (CIC) and Boeing Co (BA.N) as it launched on Monday the largest listing by an aircraft lessor in at least five years. Sovereign wealth fund CIC [CIC.UL] and China's state-backed Silk Road Fund will invest $100 million each and compatriot CDB Inter...
Waypoint Leasing has closed a further $37 million revolving credit facility with KeyBank’s Speciality Finance Lending unit. The company’s total revolving facility with KeyBank has now increased to $575 million. Waypoint say that they will use the extra funds to refinance helicopters that are currently financed with cash. “This facility further expands our valuable revolv...
Budget carrier Air Arabia, the only publicly-listed airline in the UAE, reported a 42.2 per cent rise in first-quarter net profit today, beating analysts’ forecasts. The Sharjah-based firm made a net profit of Dh111.1 million in the three months to March 31, the company said in a statement. This compares with a profit of Dh78.1m in the corresponding period of 2015. Three analysts p...
Yesterday the Shareholder Meeting of airBaltic decided the share capital increase of the Company by 131 152 036 shares with the nominal value of each share being EUR 1. The newly approved share capital of airBaltic will now constitute EUR 256 472 824, composed of 256 472 824 shares. The share capital increase procedure is thus completed. After the share capital increase, the Latvian...
Virgin Australia says the airline group is on track for a full year profit despite a forecast second half loss amid weak demand in its key domestic market that has prompted capacity cuts focused on regional routes. The company reported a statutory loss after tax of $58.8 million for the three months to March 31, compared with $28.3 million loss in the prior corresponding period. Virgin said the...
Air Canada reported a profit of $101 million in its latest quarter compared with a loss a year ago. The airline says the profit amounted to 35 cents per diluted share compared with a loss of $309 million or $1.08 per diluted share in the same quarter last year. Operating revenue totalled $3.34 billion, up from $3.25 billion. On an adjusted basis, Air Canada said it earned a first-quarter...
Shares in the European aerospace giant went into a sharp descent after it revealed a massive plunge in net profit following delays in deliveries and fresh problems with its troubled A400M military transport plane. Airbus stocks closed 4.8 percent lower at the Paris stock exchange on Thursday after the European aeronautics company unveiled a first-quarter net profit of 399 million euros ($453 mi...
Running now
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...
