The previously reported results for the short fiscal year 2019 (1 March - 31 December) are unchanged after completion of the audit. New orders worth USD 800 million will help offset impending market corrections. The general economic situation resulting from the COVID 19 crisis cannot yet be assessed...
Fitch Ratings has affirmed PJSC Aeroflot’s long-term issuer default rating at “BB” as part of its annual review of the airline’s credit ratings. The outlook has changed from “stable” to “negative”. Fitch noted that the change in the outlook is due t...
Reference is made to the press release by the Norwegian Government on 19 March 2020 regarding the financial measures to support the Norwegian airline industry and the subsequent stock exchange notice from Norwegian Air Shuttle ASA (the “Company” or “Norwegian”). Norwegian is pleased to announce that two Nordic banks have obtained credit committee approval to provide a gu...
Corona crisis: Drastic cuts in Lufthansa Group flight operations / numerous special relief flights planned and carried out Due to entry restrictions in many countries and a collapse in demand, the Lufthansa Group was forced to make drastic cutbacks in its flight operations. Air Dolomiti conducted its last flight for the time being yesterday, 18 March. Today the last regular scheduled flight of...
DB Schenker and Volocopter announced an investment by the global logistics service provider into the pioneer of Urban Air Mobility as Volocopter extends its Series C funding to now total € 87 million. Besides DB Schenker, Mitsui Sumitomo Insurance Group, TransLink Capital join the round as new investors, existing investor Lukasz Gadowski and btov also invested. The funding will go t...
The Covid-19 pandemic and disease-containment measures by governments, most drastically the US ban on flights from most of Europe, will shake up the aviation finance sector as airlines struggle to conserve cash amid a collapse in international traffic. Scope Ratings says the rising risk of airlines defaulting on their debt payments – see Airlines: coronavirus outbreak accelerates indust...
Gillis Aerospace has opened its capital to Böllhoff Group. With this cooperation, Böllhoff aims to further expand its presence in the aerospace market sector. “The Böllhoff Group has for nearly 70 years supplied proven products and reliability to fulfil the demands of the aerospace industry. This includes certifications as well as special material and surface coating know-how, alon...
Only three months after its initial funding, Corecam Capital Partners has increased its investment in Wingcopter in a second closing. In December, the multi-family office from Singapore participated in a seed round with several million euros in the German start-up, which develops and sells transport drones for humanitarian and civil applications. The reason for the decision is the great c...
BAA Training and L3Harris Technologies have signed a multimillion-dollar contract under which BAA Training will acquire nine RealitySeven full flight simulators. BAA Training becomes the first ever independent aviation training centre to make such a significantly sized order. Fulfilling its global expansion plan, BAA Training shall put into operation nine full flight simulators from...
Without disclosing financial terms of the transaction, the essecntial is quiete clear - Wheels Up has acquired Gama Aviation LLC, becoming owned and managed fleet of over 300 planes. The transaction closed on March 2, 2020. Gama Aviation Signature has been the exclusive operator of the Wheels Up fleet of King Air 350i, Citation Excel/XLS and Citation X aircraft since...
American Airlines will invest $550 million in its largest Base Maintenance facility in Tulsa. It is an integral part of operating the carrier’s fleet of nearly 1,000 mainline aircraft safely and reliably. Tech Ops – Tulsa is home to more than 5,500 team members — 600 of those positions were added in 2019 — and conducts nearly half of the...
A record year of growth and expansionfor Cirrus Aircraft, marked by the award-winning Vision Jet™ becoming the world’s best-selling jet in general aviation. Deliveries of the Vision Jet surpassed 80 aircraft in 2019, representing a 29% increase over the prior year, while consistent growth in SR Series deliveries resulted in a combined total of 465 aircraft shipments in 2019. With 384 a...
Nordic Aviation Capital will be the launch customer for the Classic Overhead Bin Extension Solution for the Dash 8-400 aircraft. Under this agreement, De Havilland Canada will be the exclusive supplier of all future Dash 8-400 aircraft classic bin extension modifications for Nordic Aviation Capital's fleet. The cost-efficient and environmentally friendly solution provides additional stowage vo...
The portfolio of Avia Solutions Group became larger, as an angreement is signed to acquire Aviator, a full-range aviation services provider for the Nordic region, from the investment fund Accent Equity 2008 L.P. “As the newest member of the ASG family, Aviator will further strengthen our presence in the European markets and expand the network of Avia Solution Group’s&nbs...
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...
