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PrivatAir unit acquires 30% stake in Saudia Private Aviation

PrivatAir Saudi Arabia, the Saudi subsidiary of PrivatAir (Switzerland) (PV, Geneva), has acquired a 30% stake in Saudia Private Aviation (SVA, Jeddah). The value of the transaction, which closed in July, was not disclosed. Saudi Private Aviation is the the VIP chart...

Juneyao Airlines nearly triples net profit in 1H

Juneyao Airlines reported a 2015 first-half net profit of CNY517.7 million ($84.5 million, nearly tripled from a net income of CNY195.3 million in the year-ago period. First-half operating revenue jumped 20.4% to CNY3.84 billion against a 5.53% increase in operating expenses to CNY2.78 billi...


EIB confirms GBP 280 million support for Rolls-Royce during visit to Derby

The European Investment Bank (EIB), has officially agreed to support the research and development of Rolls-Royce aero engines through a GBP 280 million long-term loan. This loan is the largest ever given by Europe’s long-term lending institution to Rolls-Royce for investment in research and development. The EIB-backed loan supports the development of the higher thrust version...

Inovent Capital and Canada Jetlines Reach Settlement

Inovent Capital Inc. (TSXV: IVQ.P) (“Inovent”) and Canada Jetlines Ltd. (“Jetlines”) are pleased to announce a settlement of the outstanding litigation between them, first disclosed by Inovent in its news release of March 12, 2015. Under the terms of the settlement, Jetlines has paid Inovent $25,000 and is required to pay a further $80,000 by September 30, 2015. In...

SkyGreece Airlines to file for bankruptcy protection and reorganization

SkyGreece Airlines (Athens) was a short-lived airline with interests in both Greece and Canada. The airline started operations on June 22, 2014 and abruptly ended all operations last month stranding passengers, especially in Canada. The company has issued this statement about its intention to file for bankruptcy protection in Canada: SkyGreece Airlines, S.A. on September 3 announced th...

Bohai Leasing agrees to acquire Avolon for US$31 cash per share

Avolon (NYSE: AVOL), the international aircraft leasing company, announces that today it has entered into a definitive merger agreement (the “Merger Agreement”) to be acquired by Bohai Leasing Co., Ltd. (SZSE: 000415) (“Bohai”) at a price of US$31 cash per common share (the “Transaction”). Under the terms of the Transaction, which has been unanimously ap...

Jet2.com announces significant investment in additional aircraft

The North’s leading leisure airline, Jet2.com, today announced the acquisition of 27 new aircraft from Boeing. The Next Generation 737-800s will be delivered over a two year period to 2018 and will be used to take package holiday and flight only customers to a range of exciting destinations across mainland Europe, the Mediterranean and the Canary Islands, as well as a host of beautiful city...

Mesa Airlines Exceeds $1 Million Paid in Employee Operational Performance Bonuses

Mesa Airlines, Inc. today announced it has exceeded $1 million paid in monthly incentive bonuses to employees since the inception of the program in May 2014. The monthly bonus program rewards Mesa employees for outstanding operational performance and top customer service scores from passengers. Since Mesa’s monthly employee incentive program began, the airline has also added 30 new E175 a...

Hawaiian Holdings Announces Investor Presentation Webcast

Hawaiian Holdings, Inc. (NASDAQ: HA) ("Company"), parent company of Hawaiian Airlines, Inc. ("Hawaiian"), announced today that it is scheduled to present at the Cowen and Company 8th Annual Global Transportation Conference on September 9, 2015.  The webcast is scheduled to begin at approximately 2:50pm Eastern Time. The call will be open to all inter...

Kenya Airways Gets US$240 Million in Loans from Government, Afreximbank

Kenya has provided a 4.2 billion shilling (US$40 million) loan to loss-making Kenya Airways , the country's finance minister said, while African Export-Import Bank (Afreximbank) has approved a US$200 million bridging loan for the airline. The money is needed to support Kenya's national carrier, which has not made a profit in three years because the country's tourism industry ha...

Aeroflot to buy 75%, plus one share, of Transaero

Russia’s Aeroflot, which revealed plans to buy Transaero Airlines Sept. 1, will acquire 75% plus one share of Transaero for RUB1 (1.53 US cents), TASS news agency reported, quoting Russia’s deputy prime minister Igor Shuvalov. If the transaction is approved by Aeroflot’s board of directors, Aeroflot Group will get half the Russian airline market. The deal follows...

IAG: Aer Lingus Offer Now Closed

On 18 August 2015, International Airlines Group announced that its Offer for Aer Lingus had become wholly unconditional and that the Offer would close at 1500 (Irish Time) on 1 September 2015. Accordingly the Offer is now closed. Level of acceptances As at 1500 (Irish time) on 1 September 2015, AERL Holding Limited (“AERL Holding”), the wholly owned subsidiary of Int...

Turkish Airlines reports USD 4.78 billion sales revenue and USD 406 million net profit in the first half of 2015

Passengers carried to GCC increases by 7.8 percent reaching 1.35 million passengers; increases by 6.1 percent to the UAE • Business class passengers to the GCC increases by 9 percent; up 16.5 percent for the UAE Dubai, UAE; September 2, 2015: Turkish Airlines, one of the world’s fastest growing airlines, reported first half 2015 consolidated financ...

New Chengdu Airport Secures 12 Billion Yuan Bank Loan

Chengdu's new airport is set to be built after Agricultural Bank of China agreed to bankroll its development, Sichuan Daily reported Tuesday. The bank has agreed to loan the 12 billion yuan to fund the development of the new airport, which is set to be built on near Lujia town of Jianyang city, 51.5 kilometers away from the center of Chengdu city. With a total investment of 69....

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ASX launching SeedInvest capital raise campaign for full-scale eVTOL development, testing, and certification

Airspace Experience Technologies (ASX), an aviation technology start-up, is re-imagining personal air transportation with the mission to offer urban commuters a cleaner, faster and affordabl...

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...

An exceptionally successful 2018 of Pilatus Aircraft

Every business has to check up financial results in order to see how all strategic thinking is working for the best of company's profit.  This time, is the resume of year 2018 from Pilatus...

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...

Profitable growth of MTU Aero Engines in the first quarter of 2019

MTU Aero Engines reported increased revenues and earnings as well as that business prospects remain positive. In the first quarter of 2019, MTU Aero Engines AG saw its revenues  inc...

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...

CDB Aviation Closes $525 Million Unsecured Credit Facility

Company’s First Unsecured Syndicated Term Loan Facility  CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”...