GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it signed a purchase-and-leaseback agreement with Frontier Airlines for nine new Airbus A321 aircraft. Delivery of the first new aircraft is scheduled for October 2015 with the remaining...
U.S. business investment fell slightly in August, excluding spending on aircraft and defense equipment, but new home sales rose, suggesting that global economic headwinds were doing little to impede U.S. growth. The U.S. economy is on track to grow 1.4 percent in the third quarter, the Atlanta Fe...
Fitch Ratings has downgraded United Technologies Corporation’s (UTC;NYSE: UTX) long term Issuer Default Rating (IDR) and long-term debt ratings to ‘A-’ from ‘A’. Fitch has also downgraded UTC’s short-term IDR and commercial paper ratings to ‘F2’ from ‘F1’. The Rating Outlook is Stable. A detailed list of rating actions foll...
AAR (NYSE: AIR) today reported first quarter fiscal year 2016 sales of $377.8 million and income from continuing operations of $8.2 million, or $0.23 per diluted share. For the first quarter of the prior fiscal year, the Company reported sales of $395.1 million and income from continuing operations of $11.8 million, or $0.29 per diluted share. During the quarter, the Company recorded...
AWAS Aviation Capital Ltd., the lessor being sold by buyout firm Terra Firma Capital Partners, has drawn interest from two Chinese suitors in an auction that could fetch more than US$5 billion, people familiar with the matter said. ICBC Financial Leasing Co. and Aviation Industry Corp. of China are exploring a takeover of Dublin-based AWAS, said the people, who asked not to be identified becaus...
Air Partner plc (“Air Partner“ or “Group“), the global aviation services group, today reports results for the six months to 31 July 2015. Financial highlights: · Underlying PBT of £2.2m, a year-on-year increase of 100% · Underlying EPS of 17.1p, a year-on-year increase of 26%, lower than the increase in underlying PBT d...
Ryanair, Europe’s favourite airline, held its AGM in Dublin this morning (24 Sep 2015), during which the airline briefed shareholders on the continuing success of its “Always Getting Better” (AGB) customer experience programme, which has enabled Ryanair to raise its full year traffic forecast (previously 103m) to 104m customers, and its profit guidance by 25%, (previous...
Purchase of 75% share in Red Wings by Ilyushin Finance & Co (IFC) leasing company was approved by the Management Board of United Aircraft Corporation (UAC); now IFC Board of Directors should approve the deal, RIA Novosti reports with reference to some sources familiar with the deal. “UAC Management Board considered the matter related to repayment of Red Wings’ debt owed to IFC,&...
Wizz Air, the largest low-cost airline in Central and Eastern Europe, announced today it has signed an agreement with CDB Leasing (the leasing arm of China Development Bank) to finance six Airbus A321ceo aircraft, including Wizz Air’s first two A321s scheduled for delivery later this year. Terms of the agreement were not released. “We’ve developed a strong relatio...
British aircraft services company BBA Aviation is reported to be in talks to acquire US competitor Landmark Aviation, which could be valued at more than USD$2 billion including debt. BBA is participating in a sale process for Landmark Aviation, which is owned by private equity firm Carlyle and has attracted several bidders, including buyout firms. Landmark Aviation has been exploring a sale...
Chinese lessor ICBC Financial Leasing Co., Ltd. placed an order for 30 Boeing 737-800NG aircraft on the first day of President Xi Jinping's visit to the United States, which is the first aircraft deal signed during this visit. President Xi arrived in Seattle on Tuesday morning for his first state visit to the United States. Chinese airlines and aircraft leasing firms will order up...
A deal for selling Sukhoi SuperJet 100 (SSJ 100) aircraft to Europe will likely be closed in 2015, RIA Novosti reports with reference to VEB Head of Export Finance Department Daniil Agulyan. “A memorandum was signed at MAKS airshow and we hope that we will be able to close the deal this year,” he said. The name of an airline or a country will be announced later, probably in a month,...
Singapore Technologies Engineering Ltd (ST Engineering) today updated that further to its announcement made on 31 August 2015, the incorporation of the following new companies has been completed.  Company name: Keystone Leasing (UK) Limited Paid-up capital: US$3.00 Country of incorporation: UK  Company name: Keystone 1 Limited Paid-up capital: US$1.00 Country of incorp...
Routehappy, the product differentiation platform for air travel, today announced it has secured $3 million in Series B funding from air travel industry veteran PAR Capital Ventures, with participation from existing investors, iNovia Capital and Contour Venture Partners. Routehappy will use the capital in the launch of Routehappy Hub for airline and distributor customers as airlines integ...
20/10/2026 - 22/10/2026
United States, Las Vegas
18/11/2026 - 20/11/2026
Bahrain, Sakhir
Rising production rates and the launch of new aircraft programs are driving increased demand for manufacturing capacity across the aerospace industry. To support this growth, FACC plans to i...
