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FACC achieves best result in the company's history

Sales increase of 6.4 % to EUR 750.7 million Significant increase in EBIT to EUR 63.8 million Extensive investment program implemented New orders amounting to EUR 750 million Order backlog increased to USD 5.9 billion Proposed dividend payment of EUR 0.11  Further growth forec...

Aircraft to Support Ukrainian Flag Carrier’s Medium-Haul Network

CDB Aviation Lease Finance DAC (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced the completion of the delivery of two Boeing 737-800 aircraft to Ukraine’s flag carrier Ukraine Internati...

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Leonardo 1Q 2018 Revenues up 4%

·       Clear signs of recovery in Helicopters ·      FY 2018 Guidance confirmed ·       Steps forward in the execution of the Industrial Plan to strengthening commercial approach: «Leonardo International» First quarter results in line with expectations &...

Lufthansa Group on successful path of modernization

Company presents best result in its history at Annual General Meeting Shareholders shall profit with a 60 percent higher dividend "The Lufthansa Group has become more modern, significantly more efficient and more profitable in all areas," says Carsten Spohr, Chairman of the Executive Board of Deutsche Lufthansa AG. "Everyone has benefited from the modernization: Our custom...

Boeing Details More Than $54 Million in Grants and Philanthropic Investments

Contribution Part of Previously Announced $300 Million Tax Reform Package Puts Company on Path to Exceed $200 Million in Corporate Giving in 2018 Announcement Coincides with Launch of 2018 Boeing Global Engagement Portfolio​ Boeing announced details for $54 million in grants and philanthropic sponsorships to nonprofits in the U.S. and around the globe. As part of the company'...

AviaAM Leasing bought an HQ building in Cyprus for Euro 4.3 Million

AviaAM Leasing, global aviation holding company engaged in commercial aircraft acquisition, leasing, and sales globally, has obtained a new HQ building in Limassol, Cyprus. While already managing subsidiaries in Ireland, Lithuania, Cyprus, andChina; the company has invested Euro 4.3 million in this new office building. “The estate, located on the main street of Limassol, will represe...

SmartLynx Airlines turnover increased by 21% in 2017; company planning to expand operations to North America and Canada

A consolidated audit of SmartLynx Airlines, the leading ACMI and charter provider in the EU on Airbus A320, second largest passenger air carrier and third largest passenger carrier in Latvia, shows that the net turnover of the company in 2017 increased by 21% to EUR 131.5 million. Aircraft wet lease services represent 56% of the company’s business portfolio, with charter flights representing...

Pilatus Maintains Cruising Altitude and Writes another Chapter in its Success Story

Financial 2017 was an extremely busy year for Pilatus, and an exceptionally successful one, too. With sales of 986 million Swiss francs, 115 aircraft deliveries, a full-time workforce of over 2000 and – the absolute highlight – certification of the PC-24 at the end of the year, Pilatus achieved the goals. As a whole, financial 2017 turned out better than the previous year. At 986 mi...

Jet Aviation completes acquisition of Hawker Pacific

Jet Aviation announced that it has completed its acquisition of Hawker Pacific, a leading provider of Civil MRO, Fleet and FBO Services, and Aircraft Sales across Asia Pacific and the Middle East. The transaction is valued at US$250 million. Rob Smith, president of Jet Aviation, said: “We are now in a position to further expand our current portfolio, enter new markets across Asi...

AviaAM Leasing leases second Airbus A321 aircraft to Air Transat

AviaAM Leasing; a WSE listed global aviation holding company engaged in commercial aircraft acquisition, leasing, and sales; has announced the delivery of an Airbus A321-211 to the Canadian carrier Air Transat. The aircraft will supplement an Airbus A321 which was delivered by AviaAM Leasing earlier this month.   The Aircraft was delivered to the client at Kaunas, Lithuania on April 27,fre...

Piper's deliveries and revenue rise in first quarter 2018

Piper Aircraft Inc. announced its aircraft sales and delivery results for the first quarter of 2018, ending March 31. The company continued to grow its new aircraft deliveries and revenue with the company’s flagship product, the turbine powered, M600 leading the company’s performance success. Additionally, Piper trainer sales growth continues to be led by the proven Archer platfor...

JetLoan Capital updates on financing transactions

Sam Harris, President of JetLoan Capital based in Stuart, FL announced that the company completed five aircraft financing transactions in March 2018. The transactions are as follows: • Refinancing of a 2002 Citation X with an interest rate of 5.07%, 42-month term, and 144-month amortization for a client who uses the plane in a Part 135 Operation. • Acquisition financing for a 2001 Le...

Boeing HorizonX Invests in 3D Printing Startup Morf3D

Investment furthers Boeing's commitment to a competitive ecosystem for aerospace-quality 3D-printed parts Boeing [NYSE: BA] announced its investment in Morf3D, an El Segundo, Calif.-based company specializing in metal-based additive engineering and manufacturing. Morf3D's technology enables lighter and stronger 3D-printed parts for aerospace applications. Since Morf3D was e...

Boeing HorizonX Invests in Reaction Engines, a UK Hypersonic Propulsion Company

- Hypersonic propulsion technology enables high-speed point-to-point transport - First investment in a UK company by Boeing HorizonX Ventures Boeing announced its investment in Reaction Engines Limited, a leader in advanced propulsion systems based in Oxfordshire, United Kingdom. Reaction Engines' technology will contribute to the next generation of hypersonic flight and s...

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Ryanair Full Year Profits Rise 10% To €1.45bn

Ryanair today (21 May) reported a 10% increase in full year profit after tax to €1.45bn, as lower fares (down 3%) stimulated 9% traffic growth to over 130m guests, and an industry leading 95% loa...