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London City Airport Deal Shows Infrastructure Investors’ Willing to Pay Up for Smaller Airports

This Private Plane Startup Is Now Worth Over A Half Billion Dollars

On-demand flight company Wheels Up raised over $96 million. Wheels Up is a membership-based private aviation company that last September announced “up to $115 million” in new venture capital funding from T. Rowe Price, Fidelity Investments and New Enterprise Associates. A lot of the r...

FLY Leasing Closes $385 Million Aircraft Acquisition Facility

FLY Leasing Limited , a global leader in aircraft leasing, today announced that it has closed a $385 million blind pool aircraft acquisition facility. The facility has a three-year revolving period followed by a three-year term and will bear interest at LIBOR plus 2.00% during the rev...

Turkish Airlines announces record high net profit in 2015

According to the consolidated financial statements reported to Borsa Istanbul, Turkish Airlines reported 1 billion 69 million USD net profit surpassing a billion dolar level for the first time in its history. Profit from main operations stood at 895 million USD with an increase of 32 percent from previous year. Turkish Airlines generated sales revenue of 10 billion 522 million&...

Here's More Proof of Airline Investors' Irrationality

The behavior of airline stocks over the past year has been puzzling for investors. Airline profits have soared to record highs thanks to low fuel prices. However, most airline stocks have struggled, as investors have become worried about unit revenue declines. Many airline stocks have fallen in the past year despite strong profit growth. This reaction neglects the significant interplay betwe...

Moody’s lifts Qantas back up to investment grade credit rating

A second ratings agency has lifted its assessment of Qantas stock back to investment grade, sending the airline’s stock up more than one per cent in afternoon trade on a flat day for the broader market. Ratings agency Moody’s on Monday upgraded its senior unsecured ratings of Qantas to “Baa3” from “Ba1”, restoring an investment-grade rating that was lost afte...

IAG's valuation puts a tag of €110m on the Aer Lingus brand

Willie Walsh's British airline group has placed a value on one of Ireland's most distinctive brands. His International Consolidated Airlines Group (IAG) has valued Aer Lingus' brand and image, one of the most recognisably Irish company brands in the world, at €110m. The Aer Lingus brand is around 80 years old. IAG gained control of it with the purchase of Aer Lingus last Aug...

Brazil airline Gol to get $251 mln cash injection, trim routes

Feb 27 Brazil's second biggest airline Gol Linhas Aereas Inteligentes SA said it will get a cash injection of up to 1 billion reais ($251 million) and announced cuts to its routes and aircraft fleet in an effort to trim costs amid weak demand. Takeoffs and landings will be cut by 6 percent this year while service to seven cities is being ended, Gol said in a securities filing on Friday. It...

Milbank Advises on US$10 Billion in Deals Signed at Singapore Aerospace Airshow in Asia

Milbank, Tweed, Hadley & McCloy LLP partner and head of the firm’s aviation and asset finance practice in Asia, Paul Ng advised on more than US$10 billion in transactions at the Singapore Airshow, Asia’s largest gathering for the global aerospace community. Milbank was counsel on no less than five transactions signed at the Airshow including a over $3 billion jet engin...

Republic Airways Files For Bankruptcy Protection

Regional carrier Republic Airways has filed for Chapter 11 bankruptcy protection, blaming several quarters of falling revenue after grounding aircraft during a pilot shortage. The short-haul carrier, which feeds flights to American, Delta and United airlines, listed assets of USD$3.6 billion and USD$3.0 billion of liabilities, court documents showed. Republic said the bankruptcy process woul...

Zodiac Shares Plunge on Delayed Recovery, Miss on Margin Target

Zodiac Aerospace shares plunged the most in more than 17 years after saying a restructuring meant to halt delays in delivering airliner seats will take longer than estimated, the latest in a series of setbacks that have dented management’s credibility. The stock slumped 21 percent to 15.39 euros at 10:35 a.m. in Paris, giving the company a market value of 4.4 billion euros ($5 billion). T...

Air NZ reports $NZ338 million first half net profit

Air New Zealand has reported a more than doubling of first half net profit amid strong growth in passenger numbers and as the airline benefits from lower fuel prices and a booming New Zealand tourism market. The company said net profit for the six months to December 31 2015 came in at $NZ338 million, up 154 per cent from $NZ133 in the prior corresponding period. Air NZ grew capacity, measure...

Rex posts first half loss due to impairment charges

Regional Express (Rex) has swung to a rare first half loss due to impairment charges relating to the end of a Defence contract. The company reported a statutory net loss of $11.4 million for the six months to December 31 2015, compared with net profit of $3.9 million in the prior corresponding period. Rex said in a statement on Wednesday it was the airline group’s first statutory net loss...

Qantas posts bumper profit as international network soars

Qantas chief executive Alan Joyce has delivered a bumper 2015/16 first half profit, with the Flying Kangaroo’s international operations “going gangbusters” as the lower currency fuels demand for travel into Australia and alliance partners funnel passengers onto a domestic network that is also reporting strong profit growth. The airline group reported statutory net profit after...

Why Boeing's 787-10 Is Critical for Dreamliner Profitability

Shares of Boeing have slumped more than 20% since late December. The primary culprits have been investor concerns around aircraft demand and -- more recently -- reports of a possible SEC investigation into Boeing's accounting for the 747 and 787 widebody jet programs. At an investor conference last week, Boeing CEO Dennis Muilenberg offered a spirited defense of the company's profit and...

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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...