In the first quarter of its fiscal year 2015/2016, Zodiac Aerospace generated revenue of €1,237.9m, up 8.8%. This increase is primarily due to a positive foreign exchange impact, contributing 11.1 percentage points to the quarter's growth rate. Changes in consolidation scope contributed...
Aviation trade groups are applauding Congress for passing a $2 trillion package of tax policy changes and funding for 2016 that will aid the aviation industry. The legislation includes key funding for general-aviation manufacturers in safety, certification and alternative fuels for piston-engine...
Irish aviation services provider ASL Aviation has reached an agreement to access $110m (€101.5m) in funding to help fuel its expansion plans. Two banks are providing the credit facility. French financial services company BNP Paribas will make $60m available, while Lloyds Bank Commercial Banking are pledging $50m. ASL chief financial officer Mark O'Kelly said that the agreement is a...
Transportation Partners Pte. Ltd (“Transportation Partners”), BNP Paribas and ATR are pleased to announce the successful closing of USD143,711,000 guaranteed floating rate notes due 2025 for Aeronautic Investments 18 Limited with the benefit of a guarantee by Compagnie Française d’Assurance pour le Commerce Extérieur, acting for the account of th...
Recent equity capital raising plans and strategic announcements by aircraft lessors indicate supportive market conditions for the sector and suggest the potential for increased activity in 2016, says Fitch Ratings. The market for commercial aircraft is currently benefiting from the strong growth of global air traffic, low airline fuel prices, largely improving airline credit fundamentals and stabl...
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it completed a purchase-and-leaseback transaction involving two new Airbus A350-900 XWB aircraft with Finnair. The aircraft delivered in October and December and are part of Finnair’s long-haul fleet renewal program. The flag carrier of Finland, Finnair is one of the ol...
Waypoint Leasing (Ireland) Limited, the largest independent global helicopter leasing company, today announced that it has closed on a multi-aircraft agreement with Omni Helicopters International S.A., a strategic partnership between Stirling Square Capital Partners and Omni Group. The aircraft are operating for Omni Taxi Aereo, Brazil's largest helicopter service operator to the offshore indu...
Morten Beyer & Agnew (mba) provided Castlelake, L.P. with Maintenance Cash Flow Forecast and General Market Analysis for their Aircraft Securitization Trust (“CLAS 2015-1”) consisting of fifty-four (54) aircraft and six (6) engines (the “Portfolio”), subject to twenty-three (23) operators, spanning eighteen (18) different countries. CLAS 2015-1 was made pu...
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it signed an agreement with Virgin America, Inc., to lease 10 new Airbus A321neo aircraft powered by CFM’s LEAP-1A engines to expand the carrier’s fleet. The first aircraft is scheduled for delivery in Q1 2017 and the remainder will deliver in 2017 and 2018. All 10 air...
The Boeing board of directors has raised the company’s authorization for its share repurchase program to $14 billion and declared that the company’s quarterly dividend will increase 20 percent to $1.09 per share. “Once again, we are demonstrating our commitment to a balanced cash deployment strategy that fuels investments in our people, innovation and growth, and returns signi...
Air Canada announced today the closing of its previously announced private offering of three tranches of enhanced equipment trust certificates, in the aggregate face amount of U.S.$537,092,000. The private offering was comprised of Class AA certificates, Class A certificates and Class B certificates. The Class AA certificates have an interest rate of 3.750% per annum and a final expected distribut...
SkyWise launched an attempt to raise ZAR150 million (USD10.44 million) by selling a 50% stake in the airline. The LCC looked to sell 1,500 shares valued ZAR100 000 (USD6,961) last week, with a minimum of ten to be acquired by each investor. SkyWise was grounded this month for the second time in three months after failing to settle ZAR8 million (USD556,856) in outstanding fees to...
Global Jet Capital has completed 90% of its acquisition of GE’s fixed wing aircraft financed portfolio. The company has so far assumed 276 aircraft based in the US and Canada, with the remaining 10% of accounts being in Brazil and Mexico. “Today’s announcement is a significant step in further cementing our position as a leader in business aviation finance in the Americas.&r...
Air Lease Corporation (ALC) (Los Angeles) has announced an agreement to lease two new Boeing 787-9 Dreamliner aircraft to El Al Israel Airlines (Tel Aviv). Both aircraft are on long-term lease from ALC’s order book with Boeing and are scheduled to be delivered to Israel’s flag carrier airline in the third quarter and early fourth quarter of 2017. These new Boeing 787-9 Dreamliner ai...
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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...
