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THOMAS FLOHR LAUNCHES VISTA GLOBAL TO CONSOLIDATE FRAGMENTED BUSINESS AVIATION MARKET, SUPPORTED BY A FURTHER $200M INVESTMENT

Vista Global Holding is set to consolidate the business aviation industry Endorsed by further $200m investment from global private equity firm Rhône Group Headquartered at the Dubai International Financial Centre (DIFC) The fully integrated group will offer global, all-encompassing, a...

Safran : Very strong results for the first-half 2018 - Full-year 2018 outlook raised significantly

Adjusted data Revenue at Euro 9,506 million (including a contribution of Euro 1,516 million from Zodiac Aerospace), up 23.9% on a reported basis and up 10.1% on an organic basis   Recurring operating income at Euro 1,386 million (including a contribution of Euro 129 million from Zodia...

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Rotortrade announces solid results for the first half of 2018

The international helicopter dealer and distributor Rotortrade continues its strong growth with 12 deliveries and 9 backlogs across manufacturers, class and mission for the first half of the year. The company has also secured new exclusive mandates for 16 helicopters for the same period. Rototrade has signed 3 new Network Agreements with Mode Aviation in Guatemala, Gualter Helicopteros in Brazi...

Laudamotion Announces New 2019 Aircraft, New Livery, New Offices And Pay Rises Following Ryanair 75% Purchase

Laudamotion, Austria’s No. 1 low fare airline, announced that it would double its Airbus fleet from 9 to 18 aircraft in Summer 2019 following the completion of Ryanair’s purchase of 75% shareholding in Laudamotion GmbH from Niki Lauda in August. Laudamotion also announced a series of initiatives to support Laudamotion’s continued growth, which include: Confirmed del...

Garmin acquires FltPlan.com, leading electronic flight planning and services provider

Garmin Ltd. announced that it has acquired Flight Plan LLC (FltPlan), a privately held provider of electronic flight planning, scheduling, and trip support services, including the popular website FltPlan.com and mobile application FltPlan Go. FltPlan is one of the largest flight planning companies in the world, creating more than 6.3 million flight plans annually. With 19 years of experien...

The world‘s largest insurance and finance group Ping An – a new strategic partner for AviaAM Financial Leasing China

AviaAM Leasing, a global aviation holding company engaged in commercial aircraft acquisition, leasing and sales, has announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China Co., Ltd. – has gained a new strategic partner. It is world‘s largest insurance and finance group Ping An Insurance (Group) Com...

Air Astana demonstrates strong traffic and revenue growth in the first half of 2018

Air Astana recorded a 10% increase in passenger traffic and a 17% uptick in revenues in the first half of the year compared with the corresponding period of 2017. Between January and June 2018, the airline carried more than two million passengers.  The traffic growth was driven by the strong performance on international passenger traffic that is up 22% compared to the same period in 2017....

Strategies to Support Sustained Airline Financial Health

The International Air Transport Association (IATA) announced that the 2018 World Financial Symposium(WFS) will feature a strong focus on partnership strategies to accelerate delivery of transformation supporting sustained airline financial health.  2018 will mark the ninth consecutive year of industry profits and the fourth year in which airlines will make an aggregate return exceedin...

Ryanair Announces $200m Investment In London Luton With 2 New Based Aircraft

Ryanair, Europe’s No.1 airline announced an investment of $200 million at London Luton airport with 2 new based aircraft (6 aircraft in total) for its winter 2018 schedule and added 6 new routes to Alicante, Athens, Barcelona, Bologna, Cork and Malaga and more flights on its existing Vilnius route. Ryanair’s winter 2018 London Luton schedule will now deliver a total of 21 routes w...

AviaAM Leasing sold two Airbus A321 to new lessor

AviaAM Leasing, global aviation holding company engaged in commercial aircraft acquisition, leasing, and sales, has announced the sale of two Airbus A321-211 aircraft with lease attached. Both aircraft are being operated by Montreal based Canadian low-cost leisure airline Air Transat. The aircraft was delivered to the new lessor on the 14th of August, 2018.   “We were delighted...

Africa – The Continent of New Opportunity for Emerging Airlines

The African commercial air travel market represents massive amounts of untouched opportunity for new airlines. According to the data from IATA, Africa is home to 16% of the world’s population but it accounts for only 2.20% of the global air service market. With a clear need for air travel and a demand for more quality airlines, the African continent is emerging from under the radar and makin...

Boeing HorizonX Ventures Invests in High-Speed Metal 3D Printing Company Digital Alloys

Patented multi-metal additive manufacturing system enables rapid, low-cost production of aerospace-quality 3D-printed parts Boeing announced its investment in Digital Alloys, Inc., a Burlington, Mass.-based company developing high-speed, multi-metal additive manufacturing systems that produce 3D-printed parts for aerospace and other production applications.  Digital Alloys'...

Embraer earnings results 2nd quarter 2018

In 2Q18, Embraer delivered 28 commercial and 20 executive (15 light and 5 large) jets, compared to the 35 commercial and 24 executive (16 light and 8 large) jets in 2Q17; . The Company‟s firm order backlog was US$ 17.4 billion at the end of 2Q18, including contracts of the Services & Support segment; . Reported EBIT and EBITDA1 in 2Q18 were US$ (17.7) million and US$ 44.1 million,...

Lithuanian Joint Venture Sees Unprecedented Growth in China

The largest Lithuanian investor in the People‘s Republic of China – AviaAM Leasing – has added a 14th brand new aircraft to the portfolio of its Joint Venture, AviaAM Financial Leasing China. The aircraft brings the value of the Joint Venture’s portfolio to USD 835 million. AviaAM Financial Leasing China was established, in August 2016, as a joint venture between the Hen...

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Vista Global acquires XOJET, strengthening its global presence with 115 owned business jets

Vista Global acquires XOJET’s fleet and commercial operations Acquisition of XOJET’s business aviation services reinforces Vista Global’s market position in North America...