On November 26, the Board of Directors of PJSC Aeroflot - Russian Airlines approved the sale of 6 Airbus A321-200 airliners to AviaAM Leasing AB, the company informed. Besides, the Board of Directors approved the 2016 operational results targets for Aeroflot Group. It is envisaged that this will...
Meggitt completes acquisition of the advanced composites businesses of Cobham plc. Further to the announcement made on 10 August 2015, Meggitt confirms that the acquisition of the advanced composites businesses of Cobham plc (Cobham Advanced Composites Limited, Compass Composites Products Inc and...
UTair (UT, Khanty-Mansiysk) has signed two agreements with eleven creditor banks to restructure RUB43 billion (USD657.9 million) worth of debt. The first agreement involves a syndicated loan for RUB18.9 billion (USD287.2 million) for a period of seven years while the second is for RUB24.1 billion (USD366.2 million) over 12 years. However, sources who spoke to Russia's Vedomosti newspaper sa...
China is making the aircraft-leasing business a popular destination for mergers and acquisitions. Plane-leasing companies in China have been involved in more than US$16 billion worth of acquisitions since last year, according to figures compiled by Bloomberg. In addition, billionaire tycoons such as Li Ka-shing, Hong Kong's richest man, have entered the industry during that period. Behin...
AEGEAN announces Nine Month 2015 results with consolidated revenue at €792.2m, 8% higher versus 2014. Total number of passengers carried rose by 17% to 9.2m as the company invested more capacity, increasing frequencies as well as adding new destinations. Net earnings after tax increased 4% to €81.9m. During the third and most important quarter as far as demand seasonality is conc...
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes (the “Notes”) issued by Castlelake Aircraft Securitization Trust 2015-1 (see ratings list below). Proceeds from the sale of the Notes will be used to purchase a fleet of 54 aircraft and six aircraft engines that are initially leased to 23 lessees located in 18 countries with an initial total value...
Indian budget carrier SpiceJet Ltd. has surged more than 340 per cent in the past year after surviving a crisis. Chairman Ajay Singh said the best performing airline stock in the world remains undervalued. SpiceJet’s market capitalisation of about 41 billion rupees ($621 million; Dh2.3 billion ) is too low given the $5.7 billion valuation for the operator of IndiGo, India’s biggest...
Alliance Aviation Services has bought 21 Fokker jets from Lufthansa Group for US$15 million (AU$20.7 million) in cash and shares in a move that will give it spare parts to help its fleet run longer, expand operations into Europe and, potentially, sell the popular aircraft to operators like Qantas and Virgin Australia. Australia's fleet of regional aircraft is ageing, given that Fokker...
The Supervisory Board of Zodiac Aerospace Group met on November 23, 2015 and approved the financial statements for fiscal year 2014/2015 (September to August). FY2014/2015 was marked by the difficulties faced by the Group's Aircraft Interiors business, and in particular the growth crisis experienced by the Zodiac Seats segment. These difficulties have led to a drop in Current Operating Income....
Tuniu Corp. ended a two-day gain as investors bet a US$500 million investment from HNA Tourism Group Co. won't be enough to turn the company profitable amid competition in China's online travel-booking industry. The American depositary receipts declined 0.8 percent to US$15.59 in New York on Monday after erasing a gain of as much as 7.2 percent. Trading volume of two million was more th...
China Eastern Airlines (MU) Friday completed the issue of a 2 billion yuan super & short-term commercial paper (SCP), its sixth batch of SCP this year. The SCP will have a maturity of 270 yuan, with a face value of 100 yuan and an interest rate of 3.1%. The Shanghai-based carrier said the fund collected from the SCP will be used to replace loans of the airline and its subsidiaries. Th...
Lenders who are owed more than US$1 billion by grounded carrier Kingfisher Airlines Ltd are putting up for sale some of its assets including cars and forklifts. An auction notice appeared on Saturday on the website of the trustee company representing the creditors. Kingfisher, founded by liquor baron Vijay Mallya and once India's second-biggest airline, stopped flying three years ago as...
Boeing announced the delivery of the 500th Boeing airplane to GE Capital Aviation Services (GECAS). The Next-Generation 737-800 will be leased to Kenya Airways and is the 401st 737 delivered to the leasing company. "This is a major milestone in our 20-year association with Boeing," said Norm Liu, President and CEO, GECAS. "We are proud to take delivery of our 500th Boeing airplan...
EL AL’s President & CEO, David Maimon: “The Company presents record results in all parameters, from revenue growth to major increases in the Company’s operating profit and net profit, which in this quarter reached the highest peak of all times. These historic results are the consequence of business moves and actions taken by the Company in the various areas, and all w...
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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...
