Jet Linx continued its strategic expansion in the New York, New Jersey and Connecticut tri-state region by acquiring Meridian Aircraft Management and Air Charter business. Meridian is a full-service private aviation company headquartered at Teterboro Airport. While the terms of the transac...
The Executive Board of Deutsche Lufthansa AG has approved a second set of measures as part of its overall restructuring program in the wake of the coronavirus crisis. With the first set of measures launched in early April it had been decided, among other things, to reduce the fleet by 100 aircraft a...
The European Commission on July 3, 2020, under EU State aid rules, has approved the Latvian government's investment of €250 million into the equity of the Latvian airline airBaltic to contribute to overcome the economic crisis caused by COVID-19 and resume growth. The European Commission points out that EU Member States introduced various travel restrictions in the second qua...
SEA Prime announces the sale of its 40% stake in Signature Flight Support Italy (SFS Italy) to the majority shareholder Signature Flight Support (SFS), who now owns 100% of the Company. Chiara Dorigotti, the CEO of SEA Prime commented: “We are glad to announce this deal with Signature Flight Support, which we see as the natural development of a successful 4-year partnership....
Cdr. Bud Slabbaert When there are reports on ‘Latin America & Caribbean’, one has to review them carefully and with some skepticism, to avoid coming to false conclusions or statements; no matter whether the reports are positive or negative. The economies of the large South American countries are simply not the same as those of the small Caribbean islands. It is said t...
Cathay Pacific announced a recapitalisation plan that will help it maintain its competitiveness and operations, while continuing its commitments to Hong Kong as an international aviation, financial and commercial hub. This three-part plan is designed to provide Cathay Pacific with sufficient funds to withstand the industry-wide downturn, and a stable financial platform from which it will be a...
Lilium welcomed respected investment management partnership, Baillie Gifford, as a new investor. Known for their track record of investing in high-impact technology companies such as Amazon, Tesla, Airbnb, Spotify and SpaceX, the partnership has invested $35m in the company, extending the current funding round to more than $275m, and total investment to date to more than $375m. The news co...
EUR 150 million in state aid to cover coronavirus-related losses; ecological requirements imposed EUR 150 million injection of equity capital by Lufthansa EUR 300 million as bank loans to be repaid by 2026 Rescue package designed to ensure maintaining flight hub to CEE and long-haul flight connections The Austrian Federal Government, Lufthansa and Austrian Air...
Frost & Sullivan’s recent analysis, Post-pandemic Growth Opportunity Analysis of the Global Commercial Aircraft Market, presents updates to the 2020 outlook and growth opportunities for original equipment manufacturers (OEMs), the supply chain, and aftermarket suppliers. Under the conservative forecast scenario, the market is estimated to witness a dramatic drop in revenues, reachin...
The Annual General Meeting of Shareholders of Safran met behind closed doors at the Company's head office, under the chairmanship of Ross McInnes, Chairman of the Board of Directors. The Annual General Meeting was broadcast live on Safran's website and relayed via conference call. Ross McInnes, Chairman of the Board of Directors, and Monique Cohen, Chair of the Appointments an...
Deutsche Lufthansa AG has been informed by the Economic Stabilization Fund (WSF) of the Federal Republic of Germany that the WSF has approved the stabilization package for the company. The Executive Board also supports the package. The package provides for stabilization measures and loans of up to EUR 9 billion. The WSF will make silent participations of up to 5.7 billion euros in total in t...
Wingcopter, developer of autonomous delivery drones for humanitarian and commercial applications, has been named one of nine winners of the #SmartDevelopmentHack. Through this global hackathon, the German Ministry for Economic Cooperation and Development (BMZ) solicited innovative digital solutions to tackle the challenges caused by the coronavirus outbreak in low- and middle-income countries...
Norwegian confirms that the restructuring is completed and that the state loan guarantee of in total NOK 3 billion has been approved. The company has now converted NOK 12.7 billion of debt to equity and laid a solid foundation for the future, although the next months will remain challenging. “I want to thank everyone who has supported the company during this unprecedented crisis that has...
The impact of COVID-19 on Rolls-Royce and the whole of the aviation industry is unprecedented. We have already taken action to strengthen the financial resilience of our business and reduce our cash expenditure in 2020. It is, however, increasingly clear that activity in the commercial aerospace market will take several years to return to the levels seen just a few months ago. We must now address...
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...
