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CALC Signs Facilities Framework Agreement and Strategic Cooperation Agreement

China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK), the full value-chain aircraft solution provider, reviewed with industry leaders at the 4th China Air Finance Development (DFTP) Summit the support from Dongjiang Management Committee...

Frontier signs leaseback for 9 A321 aircraft with GECAS

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, announced it signed a purchase-and-leaseback agreement with Frontier Airlines for nine new Airbus A321 aircraft. Delivery of the first new aircraft is scheduled for October 2015 with the remai...


XTI Aircraft Company Reaches $10 Million in Expressed Global Interest

XTI Aircraft Company Reaches $10 Million in Expressed Global Interest Through Aviation's First Equity Crowdfunding Campaign. Equity crowdfunders from around the world have reserved shares for more than $10 million to support development of the TriFan 600. The TriFan 600 will be the world's first commercially certified vertical takeoff airplane. It will have the speed,...

Cathay Pacific to Spend HK$180 Billion on Fleet Expansion

Cathay Pacific Airways (CX) plans to take delivery of 70 large long-haul aircraft in the next 10 years, Hong Kong media reported. James Tong, Director Corporate Affairs of Cathay Pacific Airways, revealed that with the expansion of the carrier's fleet, they are considering launching more Europe and U.S. services, including Tel Aviv in Israel and Madrid in Spain, correspo...

IFC set to acquire controlling stake in Russia's Red Wings

The board of Russia's United Aircraft Corporation (UAC) has given its leasing subsidary, the Ilyushin Finance Company (IFC), the go-ahead to acquire a 74% stake in local carrier, Red Wings (Russia)(WZ, Moscow Vnukovo). A UAC source told Russia's RIA news agency that IFC management are now set to vote in favour of the purchase. The transaction, which was first announced by IFC&...

Schiphol Group has placed an 11 year EUR 300 million Eurobond

Today Schiphol Group launched and priced a senior unsecured 300 million EUR bond offering due 5 October 2026 and with a coupon of 2.000%. The bond was issued by N.V. Luchthaven Schiphol on behalf of Schiphol Group. Schiphol Group is the owner of Amsterdam Airport Schiphol, with 55 mm passengers the 5th busiest airport in Europe. The bonds will be listed on Euronext Amsterdam and we...

CIT Executive Spotlight Examines Global Aviation Finance Trends

The global airline industry currently has access to an abundance of fragmented capital, but there may not be an equal abundance of market awareness to adapt to potential changes in market conditions. This fragmentation has served the industry well during a period of significant growth and profits; however, due to the cyclical nature of the global airline sector, this lack of market awareness is le...

fastjet announces interim results for the six months ended 30th June 2015

 fastjet, the low-cost African airline, announces its unaudited interim results for the six months ended 30 June 2015 and operational highlights of 2015 to date. Operational highlights H1 2015 · fastjet Tanzania o 51% increase in aircraft utilisation (from 6.4 to 9.7 block hours per aircraft per day) o 56% increase in total capacity (seats flown) o 94% punctuality – (arr...

Airlines rake in $5.5 billion, most profitable quarter since 2007

Lower fuel costs and steady travel demand continue to boost the nation's airlines, which enjoyed the most profita blequarter since 2007. Commercial airlines reported net income of $5.5 billion for the three months that ended in June, a 53% increase over the same period last year, according to financial data released Monday by the U.S. Department of Transportation. That's th...

JPMorgan reaped $150 million dividend from Henry Bath before sale: filing

JPMorgan Chase & Co reaped a $150 million dividend from its metals storage business Henry Bath & Son before selling its physical commodities business last October, as the firm reported its first loss in over a decade, a filing on Thursday showed. A review of filings to the UK business registry revealed the payout to the Wall Street bank and the loss were the first since 2002 when Henry...

Beijing Issues Bond to Finance New Airport

Lawmakers in Chinese capital Beijing approved Friday government plan to issue additional bonds worth 6.7 billion yuan (US$1 billion) to finance the building of the new airport. Around 4 billion yuan of the bonds will be used to support land expropriation and housing demolition in the project, Li Yingjin, head of the municipal finance bureau, said in a report to the municipal people's c...

Wizz Air secures financing for six Airbus A321ceos

Fast-growing Hungarian low-cost carrier Wizz Air signed an agreement with China Development Bank’s CDB Leasing  to finance six Airbus A321ceos. The deal includes the carrier’s first two A321s scheduled for delivery later this year. “We’ve developed a strong relationship with CDB Leasing as they continue to support our growth, now financing the fi...

CDB Leasing, EIBC Sign Financing Agreement

CDB Leasing Co., Ltd. signed a financing framework agreement with the Export-Import Bank of China (EIBC) at the 4th China Air Finance Development (DFTP) Summit in Tianjin on Thursday. The signing ceremony was attended by Huang Min, Vice President of CDB Leasing and General Manager of the Transport and Finance Department of EIBC, Li Zhongyuan. CDB Leasing is a leading financial leasing company c...

GE Capital Aviation Services and Frontier Airlines Sign Purchase-and-Leaseback Deal for Nine New Airbus A321 Aircraft

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it signed a purchase-and-leaseback agreement with Frontier Airlines for nine new Airbus A321 aircraft. Delivery of the first new aircraft is scheduled for October 2015 with the remaining new deliveries scheduled in 2015 and 2016. All nine aircraft are powered by CFM56-5B3 engines and a...

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Essential news

Corona pandemic considerably impacted Lufthansa result

The collapse in demand for air travel due to the Corona pandemic led to an 80 percent drop in revenue for the Lufthansa Group in the second quarter to 1.9 billion euros (previous year: 9.6 billion eur...

First airBaltic bond coupon is paid

In accordance with the bond calendar outlined in the final prospectus of the bond issue, the Latvian airline airBaltic on July 23, 2020 has made the first bond coupon payment to its inv...

Top of the week

Corona pandemic considerably impacted Lufthansa result

The collapse in demand for air travel due to the Corona pandemic led to an 80 percent drop in revenue for the Lufthansa Group in the second quarter to 1.9 billion euros (previous year: 9.6 billion eur...

First airBaltic bond coupon is paid

In accordance with the bond calendar outlined in the final prospectus of the bond issue, the Latvian airline airBaltic on July 23, 2020 has made the first bond coupon payment to its inv...