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Israel Aerospace Industries (IAI) publishes its financial statement for Q2 2015

 Sales reach USD 928 million • Gross profit of USD 125 million • Operating income of USD 11 million • Net income totaling USD 20 million • Order backlog at USD 8.6 billion, representing about 2.2 years of operation &bull...

UAC to spend 19 billion rubles on development of Il-114 passenger aircraft

Development of Il-114 passenger aircraft will cost United Aircraft Corporation (UAC) 19 billion rubles, but there is a demand for the airliner, UAC President Yuri Slusar said. “Air carriers and the Ministry of Defense need Il-114 aircraft, UAC President Y.Slusar said at MAKS-2015 internatio...


Asia stocks take heart from Wall Street rally

Asian stocks rose on Thursday as a sharp rebound on Wall Street eased fears of a protracted global market rout, while the dollar steadied as risk appetite returned. Sentiment was also supported by comments from New York Fed President William Dudley on Wednesday who said the prospect of a September rate hike "seems less compelling" than it was only weeks ago given the threat posed to t...

Fidelity Investments considers dropping AmEx, BofA as partners: Bloomberg

Mutual fund provider Fidelity Investments is considering dropping American Express Co (AXP.N) and Bank of America Corp (BAC.N) to find new partners and better terms, Bloomberg reported, citing people familiar with the matter. Visa Inc (V.N) and MasterCard Inc (MA.N) are in talks with Fidelity to replace AmEx, Bloomberg cited the sources as saying. Warehouse club retailer Costc...

VEB is going to take part in financing deliveries of Sukhoi SuperJet 100 to Mexico

Vnesheconombank (VEB), United Aircraft Corporation (UAC), Sukhoi Civil Aircraft Company (SCAC) and SuperJet International S.p.A. signed a memorandum of cooperation at MAKS-2015 airshow. The document was signed by the First Deputy Chairman – member of the VEB Management Board, Petr Fradkov, UAC President Yuri Slusar, SCAC President Ilya Tarasenko and SuperJet International S.p.A. CEO Nazar...

China’s Spring Airlines’ 1H profit climbs 129%

hanghai-based low cost carrier Spring Airlines has reported a net profit of CNY619.5 million ($97 million) for the first half of 2015, up 129% over the CNY270.8 millionfor the same period the previous year. Operating revenue was up 15% to CNY3.95 billion, while operating costs increased 2.8% to CNY3.1 billion. The airline credited lower fuel prices and “robust growth in...

Russian bank arranges financing for Cuban-bound An-158

Russia’s Roseximbank has signed an agreement with Ilyushin Finance Co. (IFC), a Russian leasing company, to provide $70 million in export financing for Antonov An-158 aircraft for Cubana de Aviación. The agreement, signed at the MAKS Air Show in Moscow, follows a series of similar deals involving Russian-built airliners for Cuban carriers. “Roseximbank has been c...

Stocks in Europe Resume Retreat as Rebound Proves Temporary

Even the best day since 2011 wasn’t enough to reverse fortunes for European stocks, which resumed declines on Wednesday. Investors have dealt with zigzags this week, as European stocks first slid the most since the financial crisis, before rallying yesterday after China cut interest rates. A late-day announcement that Monsanto Co. abandoned efforts to acquire Syngenta AG sent sh...

Greece deal points to flexible approach to bank rescues in EU

European Union rules to shield taxpayers from having to rescue ailing banks should be applied flexibly because of broader economic imperatives highlighted by the latest Greek rescue package, analysts and lawyers say. That flexibility may mean that European taxpayers cannot be given cast-iron guarantees that they will not be called upon again to bail out banks as during the financial crisis....

Estonian Air earned profit in June and July 2015

Estonian Air earned profit in June and July, 200,000 euros in average in both months. Last time the company had profitable summer months was in 2010. “Profitable summer months indicate that the restructuring plan has helped us to establish a solid foundation for long-term sustainability. Active sales in Estonia and destination markets and capacity providing for other airlines have contrib...

VEB and IFC signed a memorandum of cooperation for delivery of Sukhoi SuperJet 100 aircraft to Europe

Vnesheconombank (VEB) and Ilyushin Finance & Co leasing company (IFC) signed a memorandum of cooperation at MAKS-2015 international airshow. The document was signed by the First Deputy Chairman – member of the VEB Management Board, Petr Fradkov, and IFC CEO Alexander Rubtsov. Under the memorandum the parties are going to consider possibilities for financing deliveries of Sukhoi Sup...

Belgium's Take Air unveils ASL Group as new investor

Take Air (Antwerp) has unveiled Belgian aviation firm ASL Group as its new investor and strategic partner. The announcement follows initial partner The Aviation Factory's decision to water down its stake in the European All-You-Can-Fly carrier late last month. As a result of the change, ASL's subsidiaries - ASL airtaxi (Liège) and JetNetherlands (JNL,Amst...

Leasing Groups Announce New Superjet Deals at MAKS Show

Russian government-backed leasing group GTLK formally signed a contract to buy 32 Sukhoi Superjet 100 (SSJ100) aircraft on the first day of Moscow’s MAKS airshow. The deal, which is being underwritten by around $527 million in government funding agreed in July, includes a mix of new and already manufactured aircraft. Russian trade and industry minister Denis Manturov last...

Air New Zealand Announces Record Annual Result

Air New Zealand has today announced its 2015 annual result with normalised earnings[i] before taxation of $496 million for the 2015 financial year, an increase of 49 percent on the prior year. Statutory earnings before taxation were $474 million, while statutory net profit after taxation was $327 million, an increase of 24 percent. Capacity growth supported by strong demand, cost efficiencies a...

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Essential news

65 A320neo Family aircraft ordered by SMBC Aviation Capital

Leading aircraft lessor SMBC Aviation Capital has boosted its total order book for the A320neo Family to 181 aircraft after signing a firm order for an additional 65  A320neo Family aircraft (15...

Record Activity and Growth in 2018 of CDB Aviation, Executing Transactions for 107 Aircraft

CDB Aviation announced a record year for 2018, in which the company executed transactions involving 107 aircraft, rapidly accelerating business to support the continued growth of its industr...

Embraer and Boeing Welcome Brazilian Government Approval of Strategic Partnership

 Embraer and Boeing have welcomed approval by the Government of Brazil of the strategic partnership that will position both companies to accelerate growth in global aerospace marke...

Top of the week

65 A320neo Family aircraft ordered by SMBC Aviation Capital

Leading aircraft lessor SMBC Aviation Capital has boosted its total order book for the A320neo Family to 181 aircraft after signing a firm order for an additional 65  A320neo Family aircraft (15...

Record Activity and Growth in 2018 of CDB Aviation, Executing Transactions for 107 Aircraft

CDB Aviation announced a record year for 2018, in which the company executed transactions involving 107 aircraft, rapidly accelerating business to support the continued growth of its industr...

How ROI turns into lost profit for aircraft investors

2019 kicked off with a $1bn investment of a US private equity giant KKR into the passenger and freight aircraft leasing business. The deal reflects the ever-growing interest of investment entities tow...