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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...

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 conversio...

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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...

Bombardier Reports Third Quarter 2017 Results

  Game-changing, strategic partnership with Airbus to accelerate commercial momentum for C Series program LOI for up to 61 C Series aircraft, including 31 firm from a European customer Execution of transformation plan continues to deliver margin(1) growth; full year EBIT margin guidance for all business units reaffirmed(2) Consolidated full-year EBIT before special items(2)&n...

Boeing HorizonX Invests in Advanced Materials Producer Gamma Alloys

Applications could reduce weight and cost of materials Represents first Boeing HorizonX investment in advanced materials technology Boeing announced its investment in Valencia, Calif.-based Gamma Alloys, a leader in aluminum alloys focused on developing advanced metal-matrix composites for use in aerospace, automotive and other industries. This investment by Boeing HorizonX Vent...

Airbus reports Nine-Month (9m) 2017 results

Revenues €43bn; EBIT Adjusted €1.8bn; EBIT (reported) €2.3bn; EPS (reported) €2.39 Commercial aircraft market healthy, robust backlog supports ramp-up plans Engine delays impact 9m results, focus on fourth quarter deliveries and ramp-up 2017 guidance confirmed Airbus SE (stock exchange symbol: AIR) reported nine-month 2017 financial results and confirmed its guidanc...

Contract for the purchase of parts of Air Berlin Group signed

Lufthansa Group acquires NIKI and Luftfahrtgesellschaft Walter Purchase is subject to approval by the competition authorities Purchasing price of approximately 210 million euros agreed on After intense negotiations over the past few weeks, Deutsche Lufthansa AG and the Air Berlin Group have signed a contract today regarding the purchase of NIKI Luftfahrt GmbH (NIKI) and Luftfahrtgesell...

What should lessors realize to gain 20% ROI from mid-age aircraft?

The civil aviation market is expected to grow by 5% annually, creating the demand for around 40,000 aircraft in the next two decades, according to estimates of both Airbus and Boeing. This provides plenty of opportunities for lessors, but the aircraft leasing market is a highly competitive field, and high returns are not always possible. How to be successful in such a challenging market? AviaAM Le...

Air Partner delivers strong first half trading results

Air Partner plc (“Air Partner” or “Group“), the global aviation services group, today reports results for the six months to 31 July 2017.   July 2017 July 2016 Change (%) Gross Transaction Value £135.5m £112.9m 20.0...

Airbus and early stage investor HAX launch a call for start-ups

Industry leaders join forces to accelerate innovation and shape the future of urban air mobility Airbus, a global leader in aeronautics, defence & space and related services, and HAX, the world’s most active early stage investor in hardware start-ups, have joined forces to explore the future of urban air mobility through a four-month accelerator programme based in Shenzhen, China....

Air Partner’s Tony Whitty comments on the wide-body aircraft sales and leasing market

Air Partner’s Remarketing division is currently seeing high levels of narrow-body activity in the aircraft sales and leasing market, but the wide-body sector is very different.  Tony Whitty, Managing Director at Air Partner, comments on what the team is currently seeing in the market, with further details on specific wide-body models below.  “Over the last few years we...

AviaAM Financial Leasing China concludes $500 million Aeroflot project

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, is delighted to announce that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has brought a $500 million-worth aircraft delivery project to a conclusion. Eight brand new aircraft were delivered to Aeroflot -Russian Airlines in total with...

BP announces $10 million investment and strategic partnership with leading on demand jet charter marketplace Victor

BP announced an initial investment and the creation of a strategic partnership between its BP Ventures and Air BP businesses with Victor, one of the world’s leading ‘on-demand’ marketplaces for private jet charters. As part of the partnership, BP Ventures has committed to investing $10 million in Victor. In addition, Air BP has entered into a commercial agreement to become the...

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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...

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 legi...