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Ryanair Board Passes Resolutions To Protect The Company's EU Airline Licences Post-Brexit

Ryanair Holdings PLC (the "Company") must take steps to ensure that, in the event of a no-deal or "hard" Brexit, the Company (and therefore its subsidiary EU airlines) will remain majority EU owned and controlled. This is necessary to ensure continued compliance with the airline...

Azul Signs Non-Binding Agreement to Acquire Selected Assets of Avianca Brasil

Azul announces today that it has signed a non-binding agreement with Avianca Brasil to acquire certain assets of Avianca Brasil for the indicative purchase price of up to US$ 105 million. As provided by the Brazilian Bankruptcy and Judicial Reorganization Law, the assets will be transferred to...

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New $352 million Maintenance Complex Deepens United Airlines' Commitment to Los Angeles

More than 800 jobs will be created as United Airlines broke ground on a new $352 million Technical Operations Facility and recently completed nearly $600 million in renovations to its terminal at LAX This state-of-the-art Technical Operations Center (TOC) at Los Angeles International Airport (LAX) will enable the airline to provide exceptional service for all of its aircraft flee...

Boeing Signs Deal for Up to 42 777X Airplanes with International Airlines Group

Boeing and International Airlines Group, the parent company of British Airways, announced the airline has committed to purchasing up to 42 777X airplanes, including 18 orders and 24 options. The airline joins a group of leading carriers that have selected the new 777-9, which will debut next month as the largest and most efficient twin-engine passenger jet in the world. The commitment, valued a...

Dassault Aviation signed an agreement on the acquisition of the European MRO activities of the TAG Aviation Group

Dassault Aviation and TAG Aviation announced the acquisition of the European maintenance activities of TAG Aviation Group by Dassault. The integration of those activities will take place over the next few months, once all necessary authorizations have been received.  “The acquisition of the maintenance activities of TAG AVIATION, a major MRO provider, will allow Dassault Aviation...

Welcome a newcomer Nasdaq Baltic First North bond market - Magnetic MRO

Baltic States investors, means 70 investors from Estonia, Latvia and Lithuania were subscribed for bonds of Magnetic MRO! As Magnetic MRO carried through a private placement of unsecured bonds and raised EUR 8 million to support the company’s growth plans, including financing a strategic acquisition. The nominal value of one bond is 100 euros, the coupon rate is 8% per annum and paid...

$22 Million Investment into Two Major Aerospace Research Projects in Québec

An investment of a total of approximately $22 million CAD over a three-year period announced by Bormardier. The company will invest into two major aerospace research projects: Aéro21 and the third phase of the SA²GE project. Both projects will bring together large aerospace companies, SMEs, as well as local universities and research centres. “Through this strong allia...

Heligo receives its first Airbus H145 helicopter from Milestone Aviation

Heligo Charters Private Limited (HCPL), a Mumbai-based non-scheduled helicopter operator has taken delivery of its first H145 helicopter. The helicopter’s configuration will allow it to perform a variety of missions. The aircraft taken on lease from Milestone will start operations soon in the state of Jharkhand. “We take immense pride in the fact that Heligo has placed its trust...

Major KF Aerospace Facility Expansion at YHM

KF Aerospace is excited to announce a $30-million expansion of its aircraft maintenance, repair and overhaul facility at YHM. Adding 150,000 sq. feet and over 275 new jobs, the project will drive new growth for Hamilton, the Airport and surrounding region. The centerpiece of the project is a new 75,000 sq. foot hangar, introducing wide-body aircraft capability and additional lines of maintenanc...

€25 million investment in the future of Airbus aerospace site in Ottobrunn/Taufkirchen

Airbus is expanding its aerospace activities at its site in Ottobrunn/Taufkirchen, near Munich. It has reached two new milestones, with Bavarian Minister-President Markus Söder and Dirk Hoke, CEO of Airbus Defence and Space, giving the green light for the modernisation of solar array production for satellites, and for the commissioning of expanded clean rooms for optical satellite instruments...

Successful 2018 for JetLoan Capital

"2018 was a success", announced Sam Harris, President of JetLoan Capital.  While continuing their funding of jet transactions, the new general aviation department thrived. JetLoan Capital experienced continued growth in 2018 with 70 closed transactions and over $100,000,000 in funded loans. The aircraft finance company with 25 years of industry experience and over $2 bi...

Safran acquires ElectroMechanical Systems business from Collins Aerospace

Safran announced that it has finalized the acquisition of the ElectroMechanical Systems business from Collins Aerospace. This business primarily consists of actuators and pilot controls for aircraft and was previously a part of Rockwell Collins. These operations generated sales of USD 159 million in 2018, with 575 employees at four facilities in North America, mainly in Irvine, California...

Bonds in Nominal Value of EUR 8 Million issued by Magnetic MRO

Magnetic MRO issued bonds in total aggregate value of EUR 8 million. The company has submitted an application to Nasdaq Tallinn Stock Exchange Listing & Supervisory Committee for listing the bonds on the multilateral trading facility First North. Capital raised with the bond issue will be used for acquiring a competitor operating in the same industry and further expanding Magnetic MRO&rsq...

Air Canada and Chorus Aviation Finalize Amended and Extended Capacity Purchase Agreement for Jazz Regional Flying

$97.26 million Air Canada equity investment in Chorus reinforces partnership  Capacity Purchase Agreement amended and extended by an additional 10 years ending December 31, 2035, securing Jazz's place in Air Canada's regional network for the next 17 years;  Simplification and modernization of the Jazz fleet, with growth through more, larger-gauge aircraft....

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Essential news

Heligo receives its first Airbus H145 helicopter from Milestone Aviation

Heligo Charters Private Limited (HCPL), a Mumbai-based non-scheduled helicopter operator has taken delivery of its first H145 helicopter. The helicopter’s configuration will allow it to perfo...

Top of the week

AirMap And Honeywell Develop Cost-Effective Tracking Solution For Drones

The development of a cost-effective drone tracking solution is announced by AirMap and Honeywell, to provide airspace safety authorities with situational awareness of manned and unmanned aircraft...

Azul Signs Non-Binding Agreement to Acquire Selected Assets of Avianca Brasil

Azul announces today that it has signed a non-binding agreement with Avianca Brasil to acquire certain assets of Avianca Brasil for the indicative purchase price of up to US$ 105 million. As prov...

Ryanair Board Passes Resolutions To Protect The Company's EU Airline Licences Post-Brexit

Ryanair Holdings PLC (the "Company") must take steps to ensure that, in the event of a no-deal or "hard" Brexit, the Company (and therefore its subsidiary EU airlines) will remain...

New $352 million Maintenance Complex Deepens United Airlines' Commitment to Los Angeles

More than 800 jobs will be created as United Airlines broke ground on a new $352 million Technical Operations Facility and recently completed nearly $600 million in renovations to its terminal at...

Record Year Worth $500 Million In Biz Jet Sales for Mente Group

Mente Group registered a record year for the company in 2018 for transactions. Since its founding in 2009, Mente Group has expanded into a full-service business jet strategic consulting comp...

Record Activity and Growth in 2018 of CDB Aviation, Executing Transactions for 107 Aircraft

CDB Aviation announced a record year for 2018, in which the company executed transactions involving 107 aircraft, rapidly accelerating business to support the continued growth of its industr...

Boeing Signs Deal for Up to 42 777X Airplanes with International Airlines Group

Boeing and International Airlines Group, the parent company of British Airways, announced the airline has committed to purchasing up to 42 777X airplanes, including 18 orders and 24 options. The airli...