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Chinese Lessor Close to Buying Bombardier Jets

Plane maker Bombardier Inc is close to sealing an order from a Chinese lessor for its CSeries aircraft. Any such deal would signal increasing interest in Bombardier's biggest-ever jet. Bombardier declined to identify the prospective buyer, but Fred Cromer, its president for commercial...

Rockwell Collins Announces Financial Guidance for Fiscal Year 2016

  Rockwell Collins, Inc. today announced guidance for fiscal year 2016. The company expects revenue between $5.3 billion and $5.4 billion, earnings per share in the range of $5.20 to $5.40, and cash flow from operations of $700 million to $800 million. Total segment operating margins ar...


SAS and Apollo sign agreement worth 900 Million SEK

SAS and Apollo are extending their cooperation on charter flights and have signed an agreement for the 2016 summer season worth around MSEK 900. As a result, SAS will be flying Apollo’s customers from 18 locations in Sweden, Norway, and Denmark to 28 destinations across Europe. SAS and Apollo have been in partnership for about 15 years and once again Apollo h...

Fitch to Rate Shenton Aircraft Investment I Ltd.

Fitch Ratings expects to assign the following ratings to Shenton Aircraft Investment I Ltd. (SAIL) as follows: —$747,444,000 series 2015-1A notes ‘Asf’; Outlook Stable. —$60,532,000 series 2015-1B notes ‘BBBsf’; Outlook Stable. KEY RATING DRIVERS Quality of Assets: The pool is of high quality with the majority being tier 1 aircraft with lon...

Aviation Capital Group Announces the Closing of $900,000,000 of Unsecured Senior Notes

Aviation Capital Group (ACG) announced today that it has closed the sale of $900 million of unsecured senior notes consisting of $600 million of its 2.875% unsecured senior notes, due September 17, 2018 at a price of 99.553% of par, and $300 million of its 4.875% unsecured senior notes, due October 1, 2025 at a price of 99.597% of par. Proceeds from the offering will be used for general corporate...

Intro Aviation confirms it will sell Austrian regional Intersky

German investor Intro Aviation wants to sell Austria-based regional Intersky this month, the company confirmed in a statement. “We are in close talks with an investor that wants to acquire 100% of Intersky,” a company shareholder told ATWrecently, declining to name the interested buyer. Intro Aviation, which bought into Intersky in 2012, also owns Irish regional&nb...

Transaero narrows first-half net losses to $57.6 million

Russia’s Transaero Airlines reported a 2015 first-half net loss of RUB3.2 billion ($57.6 million), narrowed from a RUB10.4 billion net loss in a year-ago period. First-half revenue grew 5.1% to RUB50.7 billion. Passengers carried in the first half remained flat year-over-year—5.8 million. RPKs decreased 11% to 19.3 billion. Transaero reported its first-half capital is negative&md...

NORDIC AVIATION CAPITAL A/S delivered the fifth of seven CRJ900’s

Nordic Aviation Capital is pleased to confirm that it has delivered the fifth of seven CRJ900’s, MSN 15185, to GoJet on lease. This is the fifth aircraft to be delivered by NAC to the American airline this year. Nordic Aviation Capital A/S is a global aircraft leasing company dedicated to the worldwide sale, purchase and financing of turboprop aircraft and commercial j...

Etihad Airways And Partner Airlines’ Fundraising Transaction Increased To US$ 700 Million

Etihad Airways and its equity partner airlines have increased the funds raised from their unique platform financing transaction to US$ 700 million following a surge in demand from international financial institutions. Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles, Aliltalia and Jet Airways announced on Tuesday they had successfully raised US$ 500 million through...

Zodiac aerospace, revenue grows up to 18.1% in 2014/2015 financial year

Zodiac Aerospace generated revenue of €4,930.5m up 18.1% in its 2014/2015 financial year. At like-for-like consolidation and foreign exchange rates, this represented growth of 2.6%. The consolidation impact related to PPP – Pacific Precision Products and Enviro in the Aircraft Systems segment and Greenpoint Technologies in the Cabin & Structures segment, had a positive impact of...

Pentagon inspector finds no fault with US Navy’s 70-Triton buy

The US Navy properly justified its requirement for 70 maritime versions of the Northrop Grumman RQ-4 Global Hawk, the Pentagon’s top auditor says, but the final number depends on the aircraft’s performance after 100,000 flight hours. The navy based its Northrop MQ-4C Triton production quantities on an attrition rate of four aircraft every 100,000 flight hours, but the true attrition...

Comair Limited: Reviewed Condensed Consolidated Provisional Financial Results

Earnings review The 2015 financial year provided a basket of challenging variables, with a very strong profit in the first half followed by a more mundane second half. The first half started with an unprecedented collapse in the oil price, resulting in a drop in the price of jet fuel from a high of R9.50 per litre to R7.30 by December and R6.50 by year end. This decline granted relief to the dram...

Vietjet signed strategic agreement with Japan’s leading finance corporation

On September 15, 2015, Vietjet and Mitsubishi UFJ Lease & Finance Company Limited (MUL), a member of Japan’s leading finance group Mitsubishi UFJ Financial Group (MUFG), signed a memorandum of understanding (MOU) in Tokyo on the sidelines of the official visit of His ExcellencyNguyen Phu Trong, General Secretary of the Communist Party of Vietnam, to Japan. Japan&rsquo...

Russian-Chinese aircraft leasing company to begin shipping SSJ-100 in 2016

Russian-Chinese leasing company for the deliveries of Sukhoi Superjet 100 aircraft (SSJ-100) should start in 2016, the Head of the United Aircraft Corporation (UAC) Yuri Slusar told TASS Wednesday at the Aviation Expo China 2015 exhibition. "The work is in progress, we continue to look forward to deliver the first five aircraft next year," he said. Slusar noted that "the finan...

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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...