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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 nation...

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&rsquo...


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....

GOL announces conclusion of USD 300 million Term Loan

GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B-, Fitch: B-, Moody's: B3), the largest low-cost and best-fare airline in Latin America, announced that on August 31, 2015, in compliance with CVM Instruction 358/2002, as amended ("INCVM 358"), hereby informs its shareholders and the market the following, in complement to the m...

Critical Due Diligence Discovered Amidst Bankruptcy Speculation - BrokerBank Securities

Republic Airways Holdings, Inc. (NASDAQ: RJET) shares have fallen from $8.50/ share on July 24th to a low of $2.01 on August 27th as the airline battles the Teamsters union representing its 2,200 pilots. There is speculation that RJET will file bankruptcy should the negotiations fail. On Friday the company's shares bounced up, closing at $2.65. O...

United Airlines Cargo Goes Live With RTS Cargo Revenue Management Solution

United Airlines went live with RTS CargoProfitOpt - capacity management module to forecast capacities, predict show up behavior, and compute optimal overbooking levels.  Apart from updating these values in the United Cargo's reservations system, the RTS solution also reacts to schedule changes and re-forecast values in real time. RTS CargoProfitOpt is a de...

FLY Leasing Acquires New Boeing 737-800

FLY Leasing Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing, today announced it has acquired a new Boeing 737-800 aircraft in a sale and leaseback transaction with an airline. The aircraft is on lease until 2027. "This brand new B737-800 is our latest acquisition as we look to deploy capital to grow earnings," said Colm Barrington, CEO of FLY. &quo...

Swedish equity fund EQT VI takes majority state in Danish lessor NAC

Swedish private equity fund EQT VI will take a majority stake in Denmark-based regional aircraft lessor Nordic Aviation Capital (NAC) as the latter aims to raise capital for further expansion. NAC said it would use the additional equity capital tocontinue expanding its fleet and provide flexible and innovative financing solutions for regional aircraft across the world. EQ...

AEGEAN: First Half 2015 Financial Results

AEGEAN announces first half 2015 results with consolidated revenue at €403.6m, 4% higher versus 2014. Total number of passengers carried rose by 15% to 5m as the company invested in new fleet and more capacity, increasing frequencies on existing routes as well as adding new international destinations. International passenger traffic rose by 20%, with Athens base being the main driver...

Japanese Operating Lease – another niche aircraft finance product to fade away?

On the 17th of August the Japanese Government announced that the world’s third largest economy had decreased by 1.6% in Q2 thus supporting the grim scenario that the annual growth of the economy would fail to reach 1% in 2015. Moreover, many experts have voiced their doubts whether the Japanese government will be able to revive the stagnating economy any time soon. As the Government seeks to...

ST Engineering’s Aerospace Arm Reorganises Its Aircraft Leasing Business

Singapore, 31 August 2015 – Singapore Technologies Engineering Ltd (ST Engineering) today said that further to its announcement dated 6 November 2013, the joint venture agreement (JVA) between ST Aerospace Resources Pte. Ltd. and Wings Capital Partners Holdings, Ltd has been terminated. The joint venture, WingStar Pte. Ltd., was set up to acquire mid-life to end-of-life a...

Aeroflot Announces 1H 2015 IFRS Financial Results

Aeroflot Group ("the Group", Moscow Exchange ticker: AFLT) today published its consolidated interim financial statements for the six months ended 30 June 2015, in accordance with International Financial Reporting Standards. 1H 2015 Operating and Financial Highlights for Aeroflot Group: Group passenger traffic increased by 14.0% year-on-year, with 33.4% year-on-year growth i...

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Essential news

New MTU Aero Engines high-tech test center for engine parts in Munich

MTU Aero Engines has built a new test center for engine parts on its Munich premises, investing an amount of more than 25 million euros in a new building and the most advanced test equipment. After tw...

Top of the week

New MTU Aero Engines high-tech test center for engine parts in Munich

MTU Aero Engines has built a new test center for engine parts on its Munich premises, investing an amount of more than 25 million euros in a new building and the most advanced test equipment. After tw...