High-energy battery could accelerate the electrification of transportation Boeing announced its investment in Berkeley, Calif.-based Cuberg, Inc., a startup founded by former Stanford University researchers developing next-generation battery technology for potential aerospace...
Magnetic MRO, a global Total Technical Care maintenance and asset management organisation, has announced change in its shareholder structure. Its major shareholder, a private equity firm BaltCap, together with minority shareholders, are selling 100% of the shares in Magnetic MRO to Guangzhou Ha...
In December 2017 SmartLynx Airlines Ltd. signed a long-term wet lease agreement for 2018 with the German leisure airlines Condor Flugdienst GmbH. According to the agreement between SmartLynx and Condor, SmartLynx will wet lease to CONDOR an Airbus A321 with Latvian Registration mark YL-LCQ /MSN 2211 from 7 January to 31 March 2018. The aircraft will operate from the base in Munich Air...
Diamond Aircraft Industries GmbH (Austria) and Wanfeng Aviation Industry Co., Ltd., are delighted to jointly announce the completion of the acquisition of Diamond Aircraft Group by Wanfeng Aviation Industry Co., Ltd. This acquisition assures the continued long term future of the Diamond brand, with plans to increase global sales volume, expansion of the distribution and support networks, and conti...
The Boeing board of directors declared the company's quarterly dividend will increase 20 percent to $1.71 per share. The board also replaced the existing share repurchase program with a new $18 billionauthorization. "Boeing's strong and growing cash flow allows us to deepen our commitment to provide competitive returns to our shareholders, while continuing to in...
Rolls-Royce has obtained the approval of all the relevant authorities for the acquisition of the outstanding 53.1% shareholding in Industria de Turbo Propulsores SA (“ITP”) owned by SENER Grupo de Ingeniería SA (“SENER”). Approval from the authorities in Spain paves the way for Rolls-Royce to conclude the acquisition, which was originally announced on 11 July 2016....
Culminating a 20-year history of new orders for the type, GECAS has received its 394th and final skyline order of Boeing’s Next Generation 737. Just over a month prior to Boeing delivering its first 737 MAX to GECAS in January, the lessor took delivery of its final skyline NG order last week. With an initial order placed in 1996, GECAS’ NG orderbook accounts for roughly one of...
Approximately $139 billion in new aircraft funding needed in 2018, up $17 billion from 2017 Innovations in aircraft finance bolster customer choices in a healthy financing market Boeing anticipates diverse markets and participants will continue the upward trend in availability of efficient financing for record new aircraft deliveries in the next year. Now in its tenth year, the annua...
Record results as company continues to gain market share across all markets Program Membership flights up 38% year-over-year Record number of Program Membership hours flown, up 32% year-over-year 25% of Program Membership growth from North American market EBITDA grew 24% year-over-year VistaJet, the first and only global business aviation company, is delighted to announce record r...
Irelandia Aviation (Irelandia), the investment group behind several low cost airline carriers, has today (26 November 2017) announced the establishment of a new division, AerDrone International, a platform dedicated to commercial drone leasing. AerDrone International will be based in Dublin which is now well established as a global leader in aviation finance and leasing. AerDrone International...
Being shocked by a number of bankruptcies, for around 7 years the global aviation industry had been subject to diminished enthusiasm from investors. However, since 2016, record-low aviation fuel prices have led to more green on the airlines’ balance sheets, growing cash flows in the market and an increasingly positive outlook on the future of the industry in general. Does this mean that we s...
Zetta Jet, a global leader in private international, business and luxury air travel, announced today that its existing lessor Scout Aviation II, LLC ("Scout Aviation") has committed to provide up to $8.5 million in post-petition financing. The financing, subject to Bankruptcy Court approval, will enable the Company to satisfy customary obligations associated with the daily oper...
Starting January, 2019, the currently effective International Accounting Standard (IAS) 17 is to be replaced by the International Financial Reporting Standard (IFRS) 16. And although on paper the legislators declare “only minor changes from the current standards”, in reality some sectors, such as aviation, might have to adapt to completely new game rules. The new standard int...
Boeing and CDB Aviation today finalized an order for 42 737 MAX 8s, 10 737 MAX 10s and eight 787-9 Dreamliners. The order, valued at $7.4 billion at current list prices, was announced as a Memorandum of Understanding (MOU) at the 2017 Paris Air Show. The order includes a conversion of six 737 MAX 8 orders, to the 737 MAX 10. CDB Aviation, one of the largest and most influenti...
08/09/2026
United Kingdom, London
10/09/2026
Latvia, Riga
Solairus Aviation announced an agreement to acquire the Aircraft Management and Charter divisions of Clay Lacy Aviation. Solairus currently manages approximately 360 aircraft from more than 100 b...
