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UAC Management Board approved purchase of 75% share in Red Wings by IFC leasing company

Purchase of 75% share in Red Wings by Ilyushin Finance & Co (IFC) leasing company was approved by the Management Board of United Aircraft Corporation (UAC); now IFC Board of Directors should approve the deal, RIA Novosti reports with reference to some sources familiar with the deal. “UA...

Wizz Air Announces A321 Leases From CDB Leasing

Wizz Air, the largest low-cost airline in Central and Eastern Europe, announced today it has signed an agreement with CDB Leasing (the leasing arm of China Development Bank) to finance six Airbus A321ceo aircraft, including Wizz Air’s first two A321s scheduled for delivery later this...


BBA Aviation Eyes Acquisition Of Landmark

British aircraft services company BBA Aviation is reported to be in talks to acquire US competitor Landmark Aviation, which could be valued at more than USD$2 billion including debt. BBA is participating in a sale process for Landmark Aviation, which is owned by private equity firm Carlyle and has attracted several bidders, including buyout firms. Landmark Aviation has been exploring a sale...

ICBC Leasing Orders 30 Boeing 737-800NG Aircraft

Chinese lessor ICBC Financial Leasing Co., Ltd. placed an order for 30 Boeing 737-800NG aircraft on the first day of President Xi Jinping's visit to the United States, which is the first aircraft deal signed during this visit. President Xi arrived in Seattle on Tuesday morning for his first state visit to the United States. Chinese airlines and aircraft leasing firms will order up...

A deal for selling Sukhoi SuperJet 100 aircraft to Europe may be closed in 2015

A deal for selling Sukhoi SuperJet 100 (SSJ 100) aircraft to Europe will likely be closed in 2015, RIA Novosti reports with reference to VEB Head of Export Finance Department Daniil Agulyan. “A memorandum was signed at MAKS airshow and we hope that we will be able to close the deal this year,” he said. The name of an airline or a country will be announced later, probably in a month,...

ST Engineering’s Aerospace Arm Completes Incorporation Of New Companies For Aircraft Leasing

Singapore Technologies Engineering Ltd (ST Engineering) today updated that further to its announcement made on 31 August 2015, the incorporation of the following new companies has been completed.  Company name: Keystone Leasing (UK) Limited Paid-up capital: US$3.00 Country of incorporation: UK  Company name: Keystone 1 Limited Paid-up capital: US$1.00 Country of incorp...

Routehappy Raises $3 Million; Launches Routehappy Hub to Help Airlines and Distributors

Routehappy, the product differentiation platform for air travel, today announced it has secured $3 million in Series B funding from air travel industry veteran PAR Capital Ventures, with participation from existing investors, iNovia Capital and Contour Venture Partners. Routehappy will use the capital in the launch of Routehappy Hub for airline and distributor customers as airlines integ...

US airlines, $5.5 bn net profit in the Q2 of 2015

U.S. scheduled passenger airlines reported an after-tax net profit of $5.5 billion in the second quarter of 2015, up from $3.1 billion in the first quarter of 2015 and up from $3.6 billion in the second quarter of 2014, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported. The 26 U.S. scheduled service passenger airlines reported an after-ta...

FLY Leasing Sells 12 Older Aircraft for US$240 Million

Ireland's FLY Leasing is selling 12 older aircraft from its portfolio for US$240 million as the company continues its fleet renewal strategy. The aircraft will transfer individually to the unidentified new owner, with all transfers expected to be completed by the end of the year. FLY said the sale is expected to produce a US$12 million pre-tax gain, and it expects to incur US$3 mi...

AWAS delivers one 747-400F (factory freighter) to Kalitta Air

AWAS announced today that it has delivered on-lease one 747-400F factory-built freighter aircraft to Kalitta Air, a global provider of air cargo services based in Ypsilanti, Michigan. This aircraft comes from AWAS’ existing portfolio. Conrad Kalitta, Founder and Owner Kalitta commented, “We are pleased to accept delivery of this uniquely capable, factory-built 747-400F freighte...

Critical Alerts For Mobileye NV, Aerie Pharmaceuticals, JetBlue, American Airlines and Skyworks

InvestorsObserver issues critical PriceWatch Alerts for MBLY, AERI, JBLU, AAL and SWKS. To see what our analysts have discovered about a particular stock, read the InvestorsObserver's PriceWatch Alert by selecting the corresponding link. (Note: You may have to copy this link into your browser then press the [ENTER] key.) MBLY: http://www.investorsobserver.com/pr/91720150/MBLY &...

Aeroflot to increase capital investment in Orenair

Russia’s Aeroflot will initiate and fully subscribe to a capital increase in Orenair subsidiary as part of the group’s multi-brand renewal strategy. Orenair provides flights to leisure destinations. In November 2011, Aeroflot received 100% shares of OrenAir from Rostekhnologii (Rostec), a state corporation controlled by the Russian Federation, together with shares of four...

Moody’s downgrades France’s govt. bond ratings to Aa2

Moody’s on Friday downgraded France's government bond ratings by one notch to Aa2 from Aa1; the outlook on the ratings is stable, the international ratings agency said in a statement. Moody’s said the key interrelated drivers of the action were: "the continuing weakness in France's medium-term growth outlook, which Moody's expects will extend through the remainder o...

More U.S. firms eying overseas moves given EXIM lapse: AIA

More U.S. companies are considering moving plants overseas given concerns about the shutdown of the U.S. Export-Import Bank, the largest U.S. aerospace trade group said Friday, a day after General Electric Co (GE.N) announced plans to build a $400 million turboprop engine plant in Europe. David Melcher, president of the Aerospace Industries Association, said he expected similar announcements fr...

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WAI Endowment Fund Will Increase Scholarships & Youth Outreach Programs

A generous $50,000 gift from The Boeing Company, in addition to several donations from individual WAI members, during the recent 30th Annual International Women in Aviation Conference in Long Beach, C...

All Airbus AGM resolutions approved, Guillaume Faury is the new CEO

All resolutions passed by Airbus SE shareholders at its 2019 Annual General Meeting. Guillaume Faury appointed as an Executive Member of the Board of Directors for three years...

U.S. Challenges China's Tax Exemptions for Aircraft at WTO

The United States on Tuesday launched a challenge to Chinese tax exemptions for locally produced aircraft, saying they discriminated against imported planes. The request for consultations with Chin...

Moody’s downgrades France’s govt. bond ratings to Aa2

Moody’s on Friday downgraded France's government bond ratings by one notch to Aa2 from Aa1; the outlook on the ratings is stable, the international ratings agency said in a statement. Moo...

AEGEAN: First Half 2015 Financial Results

AEGEAN announces first half 2015 results with consolidated revenue at €403.6m, 4% higher versus 2014. Total number of passengers carried rose by 15% to 5m as the company invested in new flee...

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 bil...

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 Chin...