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Norwegian reports a pre-tax result of 861 million NOK (£80.5m) and a high load factor

Bombardier Announces Dividend Rate Applicable to its Series 3 Preferred Shares

Bombardier Inc. announced that as of August 1, 2017, its Series 3 Preferred Shares will pay, on a quarterly basis, as and when declared by the Board of Directors of Bombardier Inc., cash dividends for the following five years that will be based on a fixed rate equal to the product of (a) the average...

Embraer Delivers 35 Commercial and 24 Executive Jets in 2Q17

During the second quarter of 2017 (2Q17), Embraer delivered 35 jets to the commercial aviation market and 24 jets to the business aviation market, of which 16 were light jets and eight were large jets. The number of deliveries in Commercial Aviation rose roughly 35% over the same period last year...

Aeroflot receives Airbus A321 – 5th aircraft delivered by AviaAM Financial Leasing China

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has delivered Airbus A321 aircraft to the largest Russian carrier Aeroflot – Russian Airlines. The recent aircraft delivery is the 5th out of planned 8 under the...

Rockwell Collins Increases Share Repurchase Authorization by $200 Million

The Board of Directors of Rockwell Collins recently approved the purchase of an additional $200 million of Rockwell Collins common stock. With this additional authorization, total share repurchases authorized as of July 7, 2017 is $285 million. “This additional authorization demonstrates the Board of Directors’ continued confidence in our ability to generate cash flow needed to...

StandardAero & Airbus exclusive negotiations for the acquisition by StandardAero of Vector Aerospace Holding

StandardAero Aviation Holdings, Inc. (“StandardAero”) and Airbus SE (“Airbus”) announced that they have entered into exclusive negotiations with respect to an acquisition by StandardAero of Vector Aerospace Holding SAS (“Vector”) from Airbus. Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for...

DC Aviation Announces Sale of its Foundation Airbus and its Continued Operation for the New Owner

DC Aviation, headquartered in Stuttgart, announces that it sold its „foundation aircraft“, an Airbus A319 CJ, with which it originally started its operation, and that it will continue to operate and maintain the aircraft for the new owner. From 1999 through 2008 DC Aviation was a subsidiary of the DaimlerChrysler AG managing the regular shuttle traffic between the two corporate head...

Strong 2017 Mid-year results for Avinco with 18 helicopter transactions

Avinco again demonstrated its unaltered ability to perform steadily in spite of global market challenges. 18 helicopters transactions were achieved in the first semester of 2017, of which 2 from its own portfolio. Despite a challenging market in the first half of 2017 Avinco placed a wide range of helicopters of which EC120, AS350’s,H125, BK117, EC145, AS365’s; EC...

AviaAM Leasing delivers Boeing 737 business jet for KlasJet

AviaAM Leasing, a Warsaw Stock Exchange listed global aviation holding company, engaged in the business of commercial aircraft acquisition, leasing and sales, has announced having delivered Boeing 737 business jet on an operating agreement to European business aviation company KlasJet. Having acquired the Boeing 737-500 in November 2016, AviaAM Leasing became the third owner of the aircraf...

Airlines owe summer travelers almost 400 million euros in compensations

As the summer holiday season kicks in, Europeans are getting ready for their flights to sunny beaches of Turkey, Spain or Greece. However, not all stories from these resort-filled countries are positive – stories about passengers left stranded after delayed or cancelled flights are hard to miss. It is no surprise since airlines are profiting from passengers not knowing their rights – a...

SmartLynx Airlines turnover increased by 18% in 2016, plans to expand operations to Asia, North America and Canada

A consolidated audit of SmartLynx Airlines, which is the second largest passenger air carrier and third largest passenger carrier in Latvia, shows that net turnover of the company in 2016 increased by 18% to 108.4 million euros. Aircraft wet lease services represent 53.3% of the company’s business portfolio, with charter flights taking up another 45.5% thereof. The aircraft wet lease (ACM...

AviaAM Financial Leasing China has announced the delivery of 4th Airbus A320 family aircraft to Aeroflot

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has acquired 4th Airbus A320 family aircraft which was delivered to Airbus facilities in Toulouse, France. On the 23rd of June, the 20 business and 120 economy seats config...

Boeing, GECAS Announce Order for 20 737 MAX 10s

Boeing and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric [NYSE: GE], today announced an order for 20 737 MAX 10s at the Paris Air Show, converting 20 of its current MAX orders to the larger MAX 10. "This 737 MAX 10 order further enhances our fleet with the newest technology, offering our customers commonality along wi...

Air Partner’s Tony Whitty comments on the aircraft sales and leasing market

Air Partner’s Remarketing division is seeing high levels of activity in the aircraft sales and leasing market, with some types of aircraft proving particularly popular. Tony Whitty, Head of Aircraft Remarketing & ACMI at Air Partner, comments on what he is currently seeing in the market, with further detail on specific narrow-body models below. “We regularly get asked about t...

Consolidation of Sheremetyevo International Airport JSC assets completed

May 31, 2017 witnessed the virtual completion of the second stage of the consolidation of Sheremetyevo International Airport JSC assets: the reorganization took place in the form of the merger of Sheremetyevo Airport JSC with Sheremetyevo International Airport JSC (based on the respective resolutions of the general shareholders’ meetings of&n...

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Avolon places landmark order for 110 Airbus A320neo and A330neo aircraft

Avolon, one of the world’s leading aviation finance companies, has reinforced its long-term growth strategy with a firm order for 110 Airbus aircraft, including 35 A330-900 widebodies and 75 A32...

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Aviation Capital Group places order for 75 Airbus A320neo family aircraft

Aviation Capital Group, the Newport Beach, California-based global aircraft asset manager, has signed a firm order for 75 additional Airbus A320neo Family aircraft, bringing its cumulative orders for...