ST Engineering announced that its wholly-owned aviation asset management unit has entered into an agreement with Temasek to set up a 50-50 joint venture for freighter aircraft leasing. The JV will address the growing demand for freighter aircraft as e-commerce and air cargo volumes e...
Flexjet and Sentient Jet got a new sister company,Halo Aviation, a leading provider of helicopter transportation services in the United Kingdom. The transaction follows the acquisition earlier this year of Associated Aircraft Group, the premier provider of executive Sikorsky helicopter ser...
Following the severe slump brought on by the COVID-19 pandemic in the previous year, the aviation market is visibly stabilizing in 2021. FACC AG realigned itself early on in 2020, implementing a far-reaching cost reduction and efficiency enhancement program, and is pursuing long-term sustainable growth with its corporate strategy FACC 2030. Its performance in the first quarter of 2021 is right on...
Corona also placed great demands on Pilatus, causing turbulence for the company : Pilatus managed to maintain turnover at 1.1 billion Swiss francs nevertheless, almost the same level as in 2019, and operating income was even slightly better at 155 million Swiss francs. 129 aircraft were delivered in total and the order book is well filled at 1.7 billion Swiss francs. What a year! There cannot b...
Boeing and Dubai Aerospace Enterprise announced the aircraft lessor is growing its 737 MAX portfolio with an order for 15 737-8 jets. DAE had been investing in the 737 MAX by buying jets from existing customers and leasing them back to the carriers. The new order is DAE's first direct 737 MAX purchase from Boeing as it modernizes its portfolio for better economic and environmental performance....
Boeing projects global and diversified funding will continue to flow into the aircraft financing sector as the aviation sector navigates the global pandemic and vaccine deployment continues to accelerate. "Financiers and investors understand the industry's resilience and the long-term fundamentals that make aircraft a valuable asset class," said Tim Myers, president of...
flypop announced that is has signed a multiple aircraft A330-300 lease deal with Avolon, the world’s third largest aircraft lessor. Based in Ireland, Avolon provides lease and lease management services to airlines and airlines investors globally. The flypop team have been in discussions with a number of leasing companies over the past few months, however Avolon offered the most competit...
Lilium has entered into a definitive business combination agreement with Qell Acquisition Corp., led by Barry Engle, a former president of General Motors North America, is focused on developing next-generation, sustainable mobility. Upon closing of the transaction, the company will be called Lilium, and it is anticipated that ordinary shares will be listed on the Nasdaq under the ticker...
CDB Aviation announced a new sales and leaseback transaction for a fleet of four Airbus aircraft with its existing customer, Scandinavia’s flagship airline, SAS. The agreement incorporates three A320neo and one A350-900 aircraft. The carrier already took delivery of the A350, with the A320neo aircraft expected to be delivered in the near term. “We are pleased to expand our...
The Company operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented in this document as of and for the quarters ended December 31, 2020 (4Q20), September 30, 2020 (3Q20) and December 31, 2019 (4Q19), are derived from the unaudited financial statements, except a...
Under the patronage of H.E. Minister of Transport, Chairman of the Saudi Arabian Airlines Corporation, Engr. Saleh bin Nasser Al Jasser, Saudi Arabian Airlines Corporation has signed a major financing agreement worth SAR 11.2 billion (USD 3 billion), the largest of its kind in Saudi Arabia’s aviation sector history. The agreement, which covers aircraft financing requirements, was signed...
Boeing and private investment firm 777 Partners announced today an agreement to add 24 737-8s to the firm’s diverse aviation portfolio, with purchase rights for an additional 60 airplanes. The Miami-based company will place the single-aisle airplanes with its growing portfolio of low-cost carrier investments around the world. In addition to aircraft leasing, 777 Partners strategically inv...
The crisis in the aviation industry brought on by the coronavirus pandemic has hit Lufthansa Technik AG hard. In fiscal year 2020, revenue* plummeted by 43% year-on-year to €3,747 million (prior year: €6,572 million). Adjusted EBIT dropped well into the red to €-383 million (prior year: €463 million). In the second quarter of 2020, the pandemic led to a temporary suspension...
RUAG International has transferred all shares in RUAG Aerospace Services GmbH to General Atomics Europe (GA-Europe). GA-Europe will take over the maintenance activities for private aircraft and military aircraft as well as the production and maintenance of the Dornier 228 aircraft at the Oberpfaffenhofen site as of 1 March 2021. With the transfer of ownership (contractual closing) from RUA...
08/09/2026
United Kingdom, London
10/09/2026
Latvia, Riga
Solairus Aviation announced an agreement to acquire the Aircraft Management and Charter divisions of Clay Lacy Aviation. Solairus currently manages approximately 360 aircraft from more than 100 b...
