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Chinese Group HNA Wants to Buy Famous French Tour Operator

One of the largest French tour operators, FRAM group, announced Tuesday that it received a "firm offer for the acquisition of its shares" made by the Chinese group HNA and its French partner Selectour Afat. This is another big case of investment by Chinese business in France in the tour...

AVIC Aircraft Forecasts 116-140 Million Yuan Loss for First Three Quarters

AVIC Aircraft Company Limited expects to suffer a loss of up to 61.67 million yuan in the third quarter, compared with the net profit of 123.34 million yuan in the same period last year, the Chinese aircraft manufacturer said on Tuesday night in its third-quarter earnings forecast. Net loss...


Avolon Signs US$1.3 Billion Aircraft Deal with Hainan

Aircraft lessor Avolon committed to leasing five Boeing 787-9 Dreamliners to Chinese carrier, Hainan Airlines, in a US$1.3 billion deal, during the third quarter of the year. The Dublin-based company recently agreed a sale to Chinese operator Bohai Leasing for US$31 a-share, valuing the business at US$7.6 billion. In an update on Tuesday, Avolon said that it has delivered eight craft worth U...

Avolon Q3 2015 Trading Update - $350 million of new aircraft delivered in Q3

Avolon , the international aircraft leasing company, today issues an update for the third quarter of 2015 (‘Q3’). Avolon delivered eight aircraft in Q3 valued at $346 million and sold seven aircraft during Q3. Avolon’s total owned, managed and committed fleet at September 30, 2015 was 258 aircraft, an increase of 14% year-on-year. 2015 Q3 Highlights Business Activity &Os...

Societe Generale Coporate & Investment Banking Announces Appointments

Societe Generale Corporate & Investment Banking (SG CIB) announces the appointment of Frederic Surdon as Head of Asset Finance effective immediately. This new department includes Export Finance, the Aviation, Real Estate and Shipping Finance teams as well as the Structured Solutions and Leasing teams. Based in Paris, Frederic Surdon reports to Pierre Palmieri, Head of the Global Financ...

Special Report: Aircraft Acquisition Planning and Financing

One of the ultimate attractions of business aviation is the ability to take to the skies on a schedule that fits your company’s needs – be it through charter, fractional ownership, aircraft leasing or an outright business aircraft purchase. If outright ownership isn’t right for your company’s needs, charter, fractional ownership and, to a lesser degree, aircraft leasing...

Ex-Im Backers Find Path Forward in House

Export-Import Bank (Ex-Im) reauthorization legislation, long stalled in the U.S. House of Representative, received a boost last week when lawmakers turned to a little-used procedure called a discharge petition to bypass the committee to bring the bill to a floor vote. The maneuver is rarely used and even more rarely successful since it requires 218 signatures. But it was the same pr...

Jazeera Airways Shareholders approve voluntary reduction of capital

Jazeera Airways Shareholders approve voluntary reduction of capital, and cash payouts totaling KD32.7 million before year-end, bringing total payouts in 2015 to KD52.7 million In an Extraordinary General Meeting of shareholders held today, Jazeera Airways shareholders approved a board recommendation to reduce the company’s capital from KD42 million to KD20 million through a...

Fitch Affirms VA 2013-1 Class A Notes; Upgrades Class B, C & D Notes

Fitch Ratings has affirmed the class A notes at ‘A’ and upgraded class B (to ‘BBB’ from ‘BB+’), class C (to ‘BB’ from ‘B+’) and class D (to ‘B+’ from ‘B’) notes for Virgin Australia Holdings Limited’s (VAH, not rated publically) enhanced equipment notes (EEN) series 2013-1. Fitch’s ratings cover approxi...

China's Exim Bank Offers Lending Facility To Comac

China Import and Export Bank has signed an initial deal to provide a lending facility of up to CNY50 billion yuan (USD$7.87 billion) to Commercial Aircraft Corporation of China (Comac). The move has pushed up the Chinese state policy bank's total outstanding loans to Comac to around CNY4.4 billion yuan. Comac makes both the ARJ21 regional jet and the larger C919 which it hopes could even...

Air Tahiti appoints Falko for ATR72-500 sale

Air Tahiti has mandated UK based lessor Falko Regional Aircraft to remarket six aircraft as part of its fleet renewal program. Each of the aircraft has been operated since new by the airline and will make way for the ATR72-600 aircraft that the airline has on order. The aircraft, with MSNs 719, 731, 751, 806, 829 and 862, will be available from the fourth quarter of 2015. Air Tahiti has already...

Waypoint Leasing Signs Deals for Up To 38 More Helicopters

Waypoint Leasing today announced orders and commitments for up to 38 new rotorcraft at the Helitech show in London. In a deal agreed with Airbus Helicopters, the Ireland-based company signed to buy up to 20 H135singles over the next three years, making it the first lessor to offer the type in its portfolio. Firming up commitments made in earlier contracts, Waypoint also agreed to acquire 18 A...

Apollo Aviation Group Raises $833 million for SASOF III

Apollo Aviation Group (“Apollo Aviation”), a multi-strategy aviation investment manager, announced today that it raised $833 million for SASOF III, its third aviation fund. The amount raised is well in excess of SASOF III’s $750 million target. SASOF III, an institutionally-focused commingled private equity fund, follows on from SASOF and&n...

AirAsia shares gain eight percent after report it may be taken private

Shares of AirAsia Bhd rose to their highest in nearly two weeks after Reuters reported that the founders of Asia's largest budget airline are sounding out investors to take the company private. The stock rose as much as 8 percent in early trade to hit 1.35 ringgit per share, its highest since Sept 25, and outperforming the 0.05 percent rise in the benchmark index. Reuters had exclusively...

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Essential news

New MTU Aero Engines high-tech test center for engine parts in Munich

MTU Aero Engines has built a new test center for engine parts on its Munich premises, investing an amount of more than 25 million euros in a new building and the most advanced test equipment. After tw...

Top of the week

New MTU Aero Engines high-tech test center for engine parts in Munich

MTU Aero Engines has built a new test center for engine parts on its Munich premises, investing an amount of more than 25 million euros in a new building and the most advanced test equipment. After tw...