FACC AG started 2019 with a slight increase in revenues, but a decline in profits. Compared to the previous year, Group revenues increased moderately by 2.2 % to EUR 193.7 million in the first quarter. However, reported earnings before interest and taxes (EBIT) amounted to EUR 7.4 million and were t...
Business aviation professionals are quite ready for big announcements during TOP important industry events. At the moment we've been true the wave of important news during EBACE, but NBAA convention is still some month ahead. However, here one more very important announcement - Dassaul...
The aviation training market has exploded with airline demand and it is forecast that training over 800,000 pilots worldwide will generate a need for thousands of new planes.That adds up to potential sales of over $7 Billion USD. Market demand to produce new training planes has increased so much the one major light plane maker has revealed a 700 plane backorder and $350 million in annual...
An important acquisition in business aviation world -Swiss-based Sparfell Aviation Group acquires LaudaMotion Executive! From now Sparfell Aviation Group is now able to provide a one-stop solution for every need in private aviation. Headquartered in Vienna, LaudaMotion Executive holds an Austrian air operator’s certificate (AOC) and operates a fleet of 13 business jets primaril...
TAROM, the Romanian national air carrier, has to renew its regional fleet, to provide increased seat capacity, to low operating costs and improve environmental performance. The choice of partners for this operation was quite obvious - ATR the market leader of regional aicraft and NAC, as number one regional aircraft lessor. So TAROM will introduce nine new ATR 72-600 aircra...
Nordic Aviation Capital (NAC) and ATR have signed a Letter of Intent for 35 firm ATR -600s, with options for a further 35 and purchase rights for another 35. The total value of the agreement amounts to over 2 billion dollars. Deliveries of the initial 35 aircraft will begin in 2020 and run up to 2025. This new deal cements a very successful and longstanding collaboration between NAC and AT...
Novikombank, part of Russia’s State Corporation Rostec, concluded a number of agreements during the XXIII St. Petersburg International Economic Forum (SPIEF-2019) to finance the holdings of the Corporation's aviation cluster, namely United Engine Corporation (UEC) and Russian Helicopters. Among key target projects were the modern PD-14 and VK-2500 aircraft engines and a number...
An important step in globalization of FACC, an investment of 30 million euros and as the result - a new production facility in Croatia. Production in Croatia to begin in 2021! The plans for the set-up of the new facility were announced today in the presence of Andrej Plenkovic, Prime Minister of the Republic of Croatia and Darko Horvat, Minister of Economy, Entrepreneurship and...
Every business has to check up financial results in order to see how all strategic thinking is working for the best of company's profit. This time, is the resume of year 2018 from Pilatus Aircraft. As the company says, 2018 was an exceptionally successful, but also a challenging one. At around 1.1 billion Swiss francs, sales revenue was brought back to the billion mark again....
Airspace Experience Technologies (ASX), an aviation technology start-up, is re-imagining personal air transportation with the mission to offer urban commuters a cleaner, faster and affordable transportation alternative in support of Uber Technologies Urban Air Mobility program, UberAir. From its headquarters at the historic Detroit City Airport, the ASX team is developing an elec...
Leading 7th Maximising Non-Aeronautical Revenue Summit takes place This June 2019 in Singapore! With an average of 44% of global airports’ revenues deriving from the non-aeronautical sector and its increasing profitability, airports regardless of size have attempted to increase their revenue generation through non-aeronautical activities. However, with the impacts of econom...
Stakes of Scottsdale Jet Center were acquired by Jet Aviation. The intent is quite simple - to build and operate new Jet Aviation FBO and the hangar by late 2020. The new facility is meant to complement existing facilities at Scottsdale Airport. With an expanding footprint in the US market, Scottsdale Jet Center allows Jet Aviation to continue its strategy of supporting custome...
MTU Aero Engines reported increased revenues and earnings as well as that business prospects remain positive. In the first quarter of 2019, MTU Aero Engines AG saw its revenues increase by 11 % from € 1,016.4 million to € 1,131.2 million. The group’s operating profit grew by 7 % to € 187.6 million (1-3/2018: € 175.1 million), resulting in an adjus...
Norwegian reported its first quarter results. The quarter was characterized by reduced costs, increased revenue and significantly improved on-time performance. The net loss was NOK 1,489 million, while the company’s unit cost excluding fuel decreased by 8 per cent during the same period. The total revenue was NOK 8 billion, up 14 per cent. Norwegian’s key priority is returning to pr...
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...
