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XTI Aircraft exceeds $1 million in equity crowdfunding investments

Delta Decision to Suspend Istanbul Service Has Repercussions for Turkish Air

Shares of Turkey’s national airline sank the most in five months as Morgan Stanley recommended selling the stock and a U.S. carrier said it planned to suspend service to Istanbul. Turk Hava Yollari AO plunged 6.8 percent to 6.99 liras, with 145 million shares changing hands, the most s...

Zurich Airport sells 5% stake in Bengaluru airport to Fairfax for $48.9 mn

Zurich Airport has inked an agreement to sell its 5 per cent minority shareholding in Bengaluru International Airport Ltd (BIAL) to the Prem Watsa-backed Fairfax Holdings for $48.9 million. Subject to customary regulatory approvals, the deal is expected to be completed within the third quarter of...

Waypoint Leasing closes $100 million term loan facility

Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent global helicopter leasing company, today announced that it has closed on a $100 million term loan facility led by Lombard North Central Plc (“Lombard”). The facility has a maturity of approximately six years and provides for USD, EUR and GBP funding capacity on a delayed draw basis. The company will us...

Sabre acquires airline management service Airpas Aviation

Sabre has made its first acquisition of 2016 with the purchase of Airpas Aviation, a technology provider that helps airlines manage their route networks and costs. No terms regarding the acquisition were released in the announcement. Sabre will place the Germany-based company within its Airline Solutions portfolio of tools and services. Airpas has a number of tools and products that allow...

Fiji Airways hands down record profit and looks towards

New Fiji Airways chief executive Andre Viljoen says 2016 will be a year of challenges and opportunities as the airline grows its international network and deals with the fallout from Tropical Cyclone Winston after handing down a record profit result. The airline group, which covers Fiji Airways, Fiji Link and other subsidiaries, reported profit before tax of $FJ70.2 million for the 12 months to...

Hong Kong Jet offers to purchase Asia Jet

Hongkong Jet, a subsidiary of Haikou-heaquartered aviation and shipping conglomerate HNA Group, has made a formal offer to take over Hong Kong-based aviation service company Asia Jet. The proposed acquisition of Asia Jet will also include its Shanghai subsidiary Asia Jet Partners (Shanghai) Ltd and joint venture business unit Asia Jet Partners (Malaysia) Bhd. Hongkong Jet and Asia Jet are bo...

Pilatus Sales Revenue Surpasses the One Billion Swiss Franc Mark for the Third Time!

Excellent sales revenue figures of 1.1 billion Swiss francs ensure continuation of the revenue trend achieved by Pilatus in recent years. Operating results, at 191 million Swiss francs, were also outstanding. 63 new jobs were created in Stans alone during the past year, and there was more major investment in site infrastructure. The PC-24 development programme is progressing as scheduled; a number...

Boeing CEO says sales at risk due to U.S. Ex-Im paralysis

A delay in appointing U.S. Export-Import Bank board members threatens to cost Boeing Co  sales, the company's chief executive said on Thursday, flagging an issue that also affects General Electric and other U.S. companies that depend on the agency's export financing. Boeing is on the verge of losing orders because only two of five seats on the agency's board are filled, not eno...

Hartzell Engine Technologies Buys Sky-Tec Brand

Hartzell Engine Technologies (HET), a Tailwind Technologies Company, took advantage of the first-day excitement at Sun ’n’ Fun 2016 to announce that it has purchased the Sky-Tec brand of high-performance aircraft starters and solenoids. Based in Montgomery, Ala., HET is an OEM supplier of aircraft cabin heating solutions and engine accessories, including turboc...

Alaska Air buys Virgin America for $2.6 billion

There's going to be a little less competition among airlines following a big takeover announced Monday. Alaska Air Group has agreed to buy Virgin America for $2.6 billion, the airlines said. Alaska Air(ALK) said it will pay $57 per share, sending Virgin America (VA) stock soaring 40%. Including debt and aircraft leases, the transaction is worth about $4 billion. The combined airline will...

Boeing Bridges UAE entrepreneurs success route

Boeing has invested US $225,000 in a three-year 'Start-Up Bridge Program' to aid budding UAE entrepreneurs. The aerospace giant has joined forces with INJAZ UAE, a non-profit member of the Junior Achievement Worldwide education initiative and TEJAR Dubai, a division of the Dubai Chamber of Commerce & Industry (DCCI), to deliver the program, which follows similar successful campaigns in...

Embraer receives Investment Grade rating

Fitch Ratings agency today initiated coverage of Embraer, assigning its BBB- Foreign and Local Currency long-term issuer default ratings (IDR), which corresponds to investment grade. The same ‘BBB-’ grade was attributed to unsecured ratings to debts issued. Fitch has also assigned a ‘AAA(bra)’ National Scale rating to Embraer. According to the agency, the rating outlook...

Oman bank backs Gulf carriers

Oman Arab Bank (OAB) has initiated coverage of the GCC aviation sector and put a buy recommendation on Air Arabia and an accumulate recommendation on Jazeera Airways, backing the budget airlines’ growth potential. Regional air traffic activity is on the rise. According to Iata, passenger demand for Middle East carriers in January had the strongest year-on-year growth at 10.9 per cent...

Alaska Air Nears Deal to Acquire Virgin America

It could be a $2 billion deal. Alaska Air has emerged as the likely winner of an auction for Virgin America , The Wall Street Journalreported on Saturday, citing people familiar with the matter. The offer was set to beat a rival bid by JetBlue Airways 0.99% , the people said, according to theJournal. Alaska Air is expected to pay upwards of $2 billion for Virgin America&nbs...

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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...

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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...

TrueNoord places firm order for 20 Embraer E195-E2 aircraft and secures purchase rights for up to 30 additional jets

TrueNoord has signed a firm order agreement with Embraer to acquire twenty factory-new E195-E2 aircraft. The agreement also includes purchase rights for up to twenty additional new E195-E2 aircra...