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Chinese, German investors set sights on Latvia's Air Baltic

Air Baltic (BT, Riga) has attracted attention from Chinese investors Latvia's State Secretary to the Ministry of Transport, Kaspars Ozoliņš, has disclosed. In an interview with Latvian Radio this week, Ozoliņš described the investors simply as owners of a variety of aircraft man...

Fitch Affirms Ryanair at 'BBB+'; Outlook Stable

Fitch Ratings has affirmed Ryanair Holdings plc’s (RYA) Long-term Issuer Default Ratings (IDR) and Ryanair Limited’s senior unsecured rating at ‘BBB+’. The Outlook on the IDR is Stable. The unsecured rating covers EUR1.7bn of debt, and it is aligned with RYA&rsqu...


DVB Bank and aireg are developing financing options for alternative aviation fuels

DVB Bank SE  is strengthening its commitment to sustainability and has joined aireg – Aviation Initiative for Renewable Energy in Germany e.V. As both announced today, DVB Bank, as the leading specialist for international transport financing, will support the climate efforts of the aviation industry in Germany. aireg has been working on the development and market introduc...

Finnair has successfully placed EUR 200 million hybrid bonds

Finnair Plc successfully placed EUR 200 million hybrid bonds on 1 October 2015 (the “New Hybrid Bonds”). The initial coupon rate of the New Hybrid Bonds is fixed at 7.875 per cent per annum, but it will be subject to a coupon reset on each 5th anniversary of the issue date of the New Hybrid Bonds. The New Hybrid Bonds have no specified maturity date, but Finnair may exerci...

Malindo Air to lease six 737-800 aircraft from GECAS

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced a purchase-and-leaseback transaction with Malindo Airways for six new Boeing 737-800 aircraft. Four of the aircraft have delivered to Malindo Air. The remaining two are scheduled for delivery in October. Malindo Air, headquartered in Malaysia, currently operates a fleet of 24...

CALC Signs Facilities Framework Agreement and Strategic Cooperation Agreement

China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK), the full value-chain aircraft solution provider, reviewed with industry leaders at the 4th China Air Finance Development (DFTP) Summit the support from Dongjiang Management Committee regarding the innovative systems and policies of Dongjiang Free-Trade Port (“DFTP”), sha...

Frontier signs leaseback for 9 A321 aircraft with GECAS

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, announced it signed a purchase-and-leaseback agreement with Frontier Airlines for nine new Airbus A321 aircraft. Delivery of the first new aircraft is scheduled for October 2015 with the remaining new deliveries scheduled in 2015 and 2016. All nine aircraft are powered by CFM56-5B3 engine...

XTI Aircraft Company Reaches $10 Million in Expressed Global Interest

XTI Aircraft Company Reaches $10 Million in Expressed Global Interest Through Aviation's First Equity Crowdfunding Campaign. Equity crowdfunders from around the world have reserved shares for more than $10 million to support development of the TriFan 600. The TriFan 600 will be the world's first commercially certified vertical takeoff airplane. It will have the speed,...

Cathay Pacific to Spend HK$180 Billion on Fleet Expansion

Cathay Pacific Airways (CX) plans to take delivery of 70 large long-haul aircraft in the next 10 years, Hong Kong media reported. James Tong, Director Corporate Affairs of Cathay Pacific Airways, revealed that with the expansion of the carrier's fleet, they are considering launching more Europe and U.S. services, including Tel Aviv in Israel and Madrid in Spain, correspo...

IFC set to acquire controlling stake in Russia's Red Wings

The board of Russia's United Aircraft Corporation (UAC) has given its leasing subsidary, the Ilyushin Finance Company (IFC), the go-ahead to acquire a 74% stake in local carrier, Red Wings (Russia)(WZ, Moscow Vnukovo). A UAC source told Russia's RIA news agency that IFC management are now set to vote in favour of the purchase. The transaction, which was first announced by IFC&...

Schiphol Group has placed an 11 year EUR 300 million Eurobond

Today Schiphol Group launched and priced a senior unsecured 300 million EUR bond offering due 5 October 2026 and with a coupon of 2.000%. The bond was issued by N.V. Luchthaven Schiphol on behalf of Schiphol Group. Schiphol Group is the owner of Amsterdam Airport Schiphol, with 55 mm passengers the 5th busiest airport in Europe. The bonds will be listed on Euronext Amsterdam and we...

CIT Executive Spotlight Examines Global Aviation Finance Trends

The global airline industry currently has access to an abundance of fragmented capital, but there may not be an equal abundance of market awareness to adapt to potential changes in market conditions. This fragmentation has served the industry well during a period of significant growth and profits; however, due to the cyclical nature of the global airline sector, this lack of market awareness is le...

fastjet announces interim results for the six months ended 30th June 2015

 fastjet, the low-cost African airline, announces its unaudited interim results for the six months ended 30 June 2015 and operational highlights of 2015 to date. Operational highlights H1 2015 · fastjet Tanzania o 51% increase in aircraft utilisation (from 6.4 to 9.7 block hours per aircraft per day) o 56% increase in total capacity (seats flown) o 94% punctuality – (arr...

Airlines rake in $5.5 billion, most profitable quarter since 2007

Lower fuel costs and steady travel demand continue to boost the nation's airlines, which enjoyed the most profita blequarter since 2007. Commercial airlines reported net income of $5.5 billion for the three months that ended in June, a 53% increase over the same period last year, according to financial data released Monday by the U.S. Department of Transportation. That's th...

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Rostec to finance civil aviation projects with over $600 million

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 holdin...

A high-tech composite facility in Croatia by FACC

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 p...

Get ready for 7th Maximising Non-Aeronautical Revenue Summit

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-aerona...

Norwegian first quarter results - increased revenues and reduced costs

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, whil...

Jet Aviation to open New FBO in Scottsdale Airport by late 2020

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...

ASX launching SeedInvest capital raise campaign for full-scale eVTOL development, testing, and certification

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 affordabl...

Boeing profit rises 25% as it delivers more jets

Aircraft maker Boeing has reported a 25% rise in quarterly profit, helped by an increase in deliveries of commercial aircraft. The world's largest maker of passenger jets earned $1.70bn (&...