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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...

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 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...

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...

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First airline to raise funds tied to United Nations Sustainable Development goals

The first airline to secure funding for a project based on its compatibility with the Sustainable Development Goals of the United Nations is Etihad Airways! Through a partnership with First...

Pratt & Whitney Invests $30 Million in West Virginia Facility for MRO of PW800 Engines

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Air Partner acquires leading global aviation security solutions and training company

Air Partner announced that it has acquired the entire issued share capital of Redline Worldwide Limited, trading as Redline Assured Security, a leading global aviation security solutions and trai...

Pratt & Whitney Invests $30 Million in West Virginia Facility for MRO of PW800 Engines

A $30 million US investment announced by Pratt & Whitney  in its engine services facility in Bridgeport, West Virginia for the maintenance, repair and overhaul (MRO) of PW800 engines. Specifi...

First airline to raise funds tied to United Nations Sustainable Development goals

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