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SmartLynx signs wet lease agreement with German leisure airline Condor

In December 2017 SmartLynx Airlines Ltd. signed a long-term wet lease agreement for 2018 with the German leisure airlines Condor Flugdienst GmbH. According to the agreement between SmartLynx and Condor, SmartLynx will wet lease to CONDOR an Airbus A321 with Latvian Registration mark YL-...

Diamond Aircraft Group acquired by Wanfeng Aviation Industry

Diamond Aircraft Industries GmbH (Austria) and Wanfeng Aviation Industry Co., Ltd., are delighted to jointly announce the completion of the acquisition of Diamond Aircraft Group by Wanfeng Aviation Industry Co., Ltd. This acquisition assures the continued long term future of the Diamond brand, with...

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Boeing Board Raises Dividend 20 Percent, Establishes $18 Billion Share Repurchase Authorization

The Boeing board of directors declared the company's quarterly dividend will increase 20 percent to $1.71 per share. The board also replaced the existing share repurchase program with a new $18 billionauthorization. "Boeing's strong and growing cash flow allows us to deepen our commitment to provide competitive returns to our shareholders, while continuing to in...

Rolls-Royce obtains final approval for acquisition of ITP

Rolls-Royce has obtained the approval of all the relevant authorities for the acquisition of the outstanding 53.1% shareholding in Industria de Turbo Propulsores SA (“ITP”) owned by SENER Grupo de Ingeniería SA (“SENER”). Approval from the authorities in Spain paves the way for Rolls-Royce to conclude the acquisition, which was originally announced on 11 July 2016....

GECAS Takes Delivery of Its 394th – and Last – Next-Generation 737

Culminating a 20-year history of new orders for the type, GECAS has received its 394th and final skyline order of Boeing’s Next Generation 737. Just over a month prior to Boeing delivering its first 737 MAX to GECAS in January, the lessor took delivery of its final skyline NG order last week. With an initial order placed in 1996, GECAS’ NG orderbook accounts for roughly one of...

Boeing Forecasts Stable Growth and Funding Diversification for Aircraft Financing in 2018

Approximately $139 billion in new aircraft funding needed in 2018, up $17 billion from 2017 Innovations in aircraft finance bolster customer choices in a healthy financing market Boeing anticipates diverse markets and participants will continue the upward trend in availability of efficient financing for record new aircraft deliveries in the next year. Now in its tenth year, the annua...

VistaJet achieves highest third quarter revenue in its history

Record results as company continues to gain market share across all markets Program Membership flights up 38% year-over-year Record number of Program Membership hours flown, up 32% year-over-year 25% of Program Membership growth from North American market EBITDA grew 24% year-over-year VistaJet, the first and only global business aviation company, is delighted to announce record r...

Irelandia Aviation launches AerDrone International

Irelandia Aviation (Irelandia), the investment group behind several low cost airline carriers, has today (26 November 2017) announced the establishment of a new division, AerDrone International, a platform dedicated to commercial drone leasing. AerDrone International will be based in Dublin which is now well established as a global leader in aviation finance and leasing. AerDrone International...

Is the current investment climate in aviation favourable for new IPOs?

Being shocked by a number of bankruptcies, for around 7 years the global aviation industry had been subject to diminished enthusiasm from investors. However, since 2016, record-low aviation fuel prices have led to more green on the airlines’ balance sheets, growing cash flows in the market and an increasingly positive outlook on the future of the industry in general. Does this mean that we s...

Zetta Jet Receives Commitment for $8.5 Million Post-Petition Financing from Scout Aviation II, LLC

Zetta Jet, a global leader in private international, business and luxury air travel, announced today that its existing lessor Scout Aviation II, LLC ("Scout Aviation") has committed to provide up to $8.5 million in post-petition financing. The financing, subject to Bankruptcy Court approval, will enable the Company to satisfy customary obligations associated with the daily oper...

IFRS 16 calls for new rules in aviation finance game

Starting January, 2019, the currently effective International Accounting Standard (IAS) 17 is to be replaced by the International Financial Reporting Standard (IFRS) 16. And although on paper the legislators declare “only minor changes from the current standards”, in reality some sectors, such as aviation, might have to adapt to completely new game rules.  The new standard int...

Boeing, CDB Aviation Finalize Order for 52 737 MAXs and Eight 787 Dreamliners

Boeing  and CDB Aviation today finalized an order for 42 737 MAX 8s, 10 737 MAX 10s and eight 787-9 Dreamliners. The order, valued at $7.4 billion at current list prices, was announced as a Memorandum of Understanding (MOU) at the 2017 Paris Air Show. The order includes a conversion of six 737 MAX 8 orders, to the 737 MAX 10. CDB Aviation, one of the largest and most influenti...

Wizz Air Reports Record Results In H1 F18 With Net Profit Up 25%, Revenues Up 25%, Passengers Up 25%

Wizz Air Holdings Plc ("Wizz Air" or "the Company"), the largest low-cost airline in Central and Eastern Europe ("CEE"), today issues unaudited results for the six months to 30 September 2017 ("first half" or "H1") for the Company as a whole, and separately for its airline ("Airline") and tour operator ("Wizz Tours") business un...

Airbus Completes Sale of Vector Aerospace to StandardAero

StandardAero Aviation Holdings, Inc. (“StandardAero”) and Airbus SE (“Airbus”) today announced that they have finalized the acquisition by StandardAero of Vector Aerospace Holding SAS (“Vector”) from Airbus. Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for turbine engines, components, fixed- and...

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Essential news

Magnetic MRO continues to grow with a new strategic investor

Magnetic MRO, a global Total Technical Care maintenance and asset management organisation, has announced change in its shareholder structure. Its major shareholder, a private equity firm BaltCap, toge...

Diamond Aircraft Group acquired by Wanfeng Aviation Industry

Diamond Aircraft Industries GmbH (Austria) and Wanfeng Aviation Industry Co., Ltd., are delighted to jointly announce the completion of the acquisition of Diamond Aircraft Group by Wanfeng Aviation In...

Top of the week

GECAS Takes Delivery of Its 394th – and Last – Next-Generation 737

Culminating a 20-year history of new orders for the type, GECAS has received its 394th and final skyline order of Boeing’s Next Generation 737. Just over a month prior to Boeing delivering...

Zetta Jet Receives Commitment for $8.5 Million Post-Petition Financing from Scout Aviation II, LLC

Zetta Jet, a global leader in private international, business and luxury air travel, announced today that its existing lessor Scout Aviation II, LLC ("Scout Aviation") has committed to provi...

China Eastern Issues 2 Billion Yuan Super & Short-Term Commercial Paper

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,...

AEGEAN: First Half 2015 Financial Results

AEGEAN announces first half 2015 results with consolidated revenue at €403.6m, 4% higher versus 2014. Total number of passengers carried rose by 15% to 5m as the company invested in new flee...

GOL announces conclusion of USD 300 million Term Loan

GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B-, Fitch: B-, Moody's: B3), the largest low-cost and best-fare airline in Latin America, annou...

Airstream Concludes Nine ERJ-145 Sales in 2015

Independent aircraft remarketing company Airstream International Group has so far concluded the sale of nine Embraer ERJ-145 regional jets in 2015.   The most recent sale has been two LU v...

Fidelity Investments considers dropping AmEx, BofA as partners: Bloomberg

Mutual fund provider Fidelity Investments is considering dropping American Express Co (AXP.N) and Bank of America Corp (BAC.N) to find new partners and better terms, Bloomberg reported, citi...