SpiceJet today reported a net profit of INR 238.40 crore for Q3 FY16, an improvement of INR 513.42 crore over the net loss of INR 275.03 crore for the same quarter last year. This is the highest quarterly net profit the airline has reported in its history. SpiceJet has...
Financial Highlights: Reported record fourth quarter net income, excluding special items, of $186 million, a 49% increase over the fourth quarter of 2014. Adjusted diluted earnings per share of $1.46 was a 55% increase over the fourth quarter of 2014. This quarter’s results compare to a Fir...
Quest Aircraft's parent Setouchi Holdings has sold a 12.5% stake in the Kodiak single-engined turboprop manufacturer to fellow Japanese company Mitsui. The equity sale gives Sandpoint, Idaho-based Quest more than $10 million in much-needed investment to help it expand its product portfolio and grow its share of the global utility aircraft market. “This investment is great...
Continued increase in air travel will benefit aircraft lessors this year but slower economic growth in key markets and increased competition will limit further profitability gains, said Moody’s Investors Service. Moody’s said its outlook for aircraft lessors is positive over the coming 12 to 18 months. The ratings agency expects that growth in air travel, strong airline operating pe...
Stonebriar Commercial Finance (SCF) has provided a $9.8m, 60 month term loan refinancing for a 15 year old Bombardier Global Express business jet. The borrower is a leading aviation company that provides a wide array of turnkey aviation solutions to an extensive and diverse client base of corporations, governments, and individuals throughout the world. Michael Amalfitano, EVP, senior managin...
Air Astana has reported net profit (unaudited) for 2015 of US$47.4million, an increase of 144% over 2014. Passenger numbers increased by 2% to 3.86 million, whilst capacity increased by 6%. Total revenue fell by 21%from US$933million to US$738.1million. Commenting on the results, Air Astana President & CEO, Peter Foster stated, “a sharp fall in revenue was more than compensated f...
Year after year, Airbus and Boeing seem to have been able to declare record orders, flying high on the back of an apparently never-ending boom. Reporting on their annual sales and delivery performances recently, however, the two global giants of commercial aviation appeared to signal that a hard landing is near. Seattle-based Boeing announced a net 768 orders in 2015, almost halving the...
easyJet plc has today received public credit ratings and intends to publish an Offering Circular for a Euro Medium Term Note (EMTN) Programme to facilitate access to new and cheaper sources of funding. easyJet has been assigned investment grade ratings of BBB+ (stable) by Standard & Poor’s and Baa1 (stable) by Moody’s which reflect the quality of easyJet’s business model,...
Goshawk Aviation Limited and Natixis announce the completion of a new USD470 million, 8-year recourse secured debt facility. The new facility will finance 17 aircraft. Natixis led the transaction as Sole Lead Arranger, Structuring Agent, and Bookrunner. Highlights New USD470 million full recourse secured facility with proceeds to be used to finance upcoming deliveries in addition to refinanc...
Finnair has secured financing, arranged by BNP Paribas, for its third Airbus A350-900 XWB, which was delivered on 30 December 2015. The transaction amounts to approximately EUR 135 million, implemented using a Japanese Operating Lease with Call Option (JOLCO) structure, where the transaction amount is treated in Finnair’s IFRS accounting as a loan and the a...
Citibank has cancelled a ZAR250 million (USD15 million) loan facility to South African Airways, reported The Africa Report. "We are aware that Citi has cancelled a 250 million rand facility to SAA and are working closely with SAA on the issue to make sure there's sufficient liquidity. We are unable to comment further," treasury spokeswoman Phumza Macanda said. The c...
All Nippon Airways (ANA) has signed a memorandum of understanding to buy a minority stake in Vietnam Airlines. The MoU calls for the Japanese carrier to acquire 8.8% of Vietnam Airlinesfor VND2.4 billion ($108 million), says ANA in a one page statement. The agreement will help the two carriers take “maximum advantage” of air traffic growth between Japan and the Vie...
The European Bank for Reconstruction and Development (EBRD) is boosting Romania’s fast-growing manufacturing sector with a US$ 8.5 million loan to Sonaca as the aerospace company expands its operations in Romania. With the EBRD funding, the firm will build a plant in north-western Romania to produce wing components for leading aircraft manufacturers Airbus and Embraer. The new p...
Private aircraft finance provider Global Jet Capital today appointed industry veteran Dave Labrozzi as chief operating officer. Before retiring in 2014, Labrozzi spent 35 years with the GE group, of which 22 years were focused on the business aviation sector. For 15 years he served as president of GE Capital, Corporate Aircraft, which Global Jet Capital is in the process o...
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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...
