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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 incorporat...

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...


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...

United Airlines Extends Deal With Chase for MileagePlus Credit Cards

Shares of United Airlines’ parent soared Thursday after the company announced new credit-card agreements that analysts said could boost earnings. United Continental Holdings Inc. announced Wednesday that it had extended deals with Visa and JPMorgan Chase for cards that let members of United’s MileagePlus loyalty program earn miles by using their credit card for purchases. The airlin...

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 aircraft, said at the ongoing Aviation Expo China 2015 in Beijing that the company is "in the...

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 are expected to be about 21%. This financial guidance includes the impact of an estimated restructurin...

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...

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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...

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 (&...

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...