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Norwegian appreciates support from the Norwegian Government

Six Fearless Forecasts set for 2021 including the expected growth in aircraft leasing to finance airline fleet renewal

Avolon issued its 2021 outlook paper titled ’Looking to Recovery’. The paper reviews the key trends in the aviation industry for airlines, manufacturers, and lessors, identifying themes that are likely to shape the year ahead and setting out six ‘Fearless Forecasts’...

Preowned Aircraft Transactions spiked as 2020 ended - IADA

Following the abrupt pandemic-induced plunge in preowned aircraft sales in March 2020, members of the International Aircraft Dealers Association (IADA) experienced a rising wave of transactions, highlighted by a fourth quarter surge of 554 closed deals. IADA began tracking sales metrics in April...

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Exceptional capital strength positions Avolon for 2021

Exceptional Capital Strength Positions Avolon for 2021 Dómhnal Slattery, CEO Avolon, commented: “2020 was the most challenging year the commercial aviation industry has ever faced. The level of airline distress truly tested the resilience of the leasing sector business model. Through Avolon’s decisive actions to reduce our capital commitments, strengthen our liquidity an...

Lufthansa raised 500 million euros in aircraft financing in the second half of 2020

Since July 2020, Deutsche Lufthansa AG has raised a total of around 500 million euros by using aircrafts as security in eight financing transactions. This enabled the Group to secure additional funds on top of the 1.6 billion euros raised via a convertible bond and a corporate bond. The five Airbus A350s and three aircraft from the A320 family were used as securities for various financing instr...

Jet It dominates fourth quarter with over $36 million investment in HondaJet acquisitions

Jet It, founded by industry veterans Glenn Gonzalesand Vishal Hiremath in 2018, continued its rapid growth with the delivery of six new HondaJets during the final quarter of 2020. The investment is valued at over $36 million, and with the delivery of the additional six aircrafts, the young company more than doubled its fleet in 2020 and met its goal of ten aircraft in operation...

DAE delivers first of 18 Boeing 737 MAX 8 aircraft to American Airlines

Dubai Aerospace Enterprise (DAE) Ltd. announced that it has delivered the first of 18 Boeing 737 MAX 8 aircraft to American Airlines as part of the Purchase and Leaseback agreement signed with American in the third quarter of this year. Delivery of the remaining aircraft is expected to be completed in the coming months. Firoz Tarapore, Chief Executive Officer of DAE commented: “We are del...

Uber in talks to sell air taxi business to Joby

This article is contributed by Stratos Jet Charters. Uber is a name that is recognised across the world, rising to prominence in only a few years. However, brand recognition has not created profitability, forcing Uber CEO, Dara Khosrowshahi to make tough choices about Uber's future expansion plans. According to news outlet Axios, Uber is in advanced talks to sell off its air taxi d...

A deal for 20 shipsets of the Recaro BL3530 SPRINT seat for use on aircraft in the transition market

Avolon has agreed with Recaro Aircraft Seating an order for twenty shipsets of the SPRINT seat, consisting fifteen shipsets for use on A320 aircraft and five shipsets for the B737NG aircraft; the seats will be delivered in the first half of 2021. CEO and Shareholder at Recaro Aircraft Seating, Dr. Mark Hiller commented: “This is a fantastic award for our SPRINT program. TThis is...

CAE to acquire TRU Simulation + Training Canada Inc

CAE concluded a conditional agreement with Textron to acquire TRU Simulation + Training Canada Inc. for a cash consideration of approximately US$40 million, excluding post-closing adjustments. The closing of the transaction is subject to customary conditions and regulatory approvals. The acquisition of TRU Canada expands CAE's global installed base of commercial flight simu...

CDB Aviation brings next generation A330 P2F Freighter to market

CDB Aviation entered a new partnership with Germany-based EFW GmbH to conduct the Passenger-to-Freighter conversion of two Airbus A330-300 aircraft in 2021, which will be available for lease to airline customers from early 2022. The A330-300 P2F conversion program marks CDB Aviation’s first entry into freighter conversion, advancing the lessor’s strategic efforts to...

Financial sustainability & Major Disruption - MACE 2020

Even during corona caused crisis, aviation professionals are doing everything possible in order to meet each other, to discuss the actual state of industry as well as measures and solutions in order to relaunch it soonest possible. As you understand, at this point meetings are quite virtual, online. Three days MACE 2020 - Malta Aviation Conference and Expo, became a very interesting platform for i...

Bizav success story - Jung Sky Q3 most successful quarter yet & expansion plans

During July, August and September 2020, Zagreb-based business aviation operator Jung Sky achieved the most successful quarter in company history, overthrowing the previous record-holding quarter by 11.5% in revenue and 21% in passenger flights. Jung Sky will enter its 12th year in the business later this November. During Q3, Jung Sky crews performed flights to a total of 115 airport...

Norwegian third quarter results heavily impacted by COVID-19

Norwegian reported its third-quarter 2020 results. As anticipated, these were heavily impacted by the COVID-19 pandemic with a net loss of NOK 980 million. Norwegian carried approximately one million customers, a decrease of 91 percent compared to the same period last year showing a slight improvement on the previous Q2 decrease of 99 percent. Norwegian continued to successfully convert debt and i...

flypop Announces Investment from the UK Government Future Fund

flypop announces a significant investment from the UK Government’s Future Fund. flypop, the UK’s only international long-haul low-cost airline, plans to launch in 2021 with scheduled flights to India. It will cater not only to the UK’s Indian/South Asian diaspora (and their visiting friends and relatives) but will also serve those keen to explore the Indian sub-continent and regi...

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Top of the week

Norwegian appreciates support from the Norwegian Government

Norwegian announced that the government of Norway has decided to support and contribute to the airline’s funding of new capital, pending certain conditions. This move significantly increases Nor...

Six Fearless Forecasts set for 2021 including the expected growth in aircraft leasing to finance airline fleet renewal

Avolon issued its 2021 outlook paper titled ’Looking to Recovery’. The paper reviews the key trends in the aviation industry for airlines, manufacturers, and lessors, identifying...