50 SKY SHADES - World aviation news

Finance news

Featured by MySky

Latest Finance news

Fitch Downgrades United Technologies IDR to 'A-'; Outlook Stable

Fitch Ratings has downgraded United Technologies Corporation’s (UTC;NYSE: UTX) long term Issuer Default Rating (IDR) and long-term debt ratings to ‘A-’ from ‘A’. Fitch has also downgraded UTC’s short-term IDR and commercial paper ratings to ‘F...

AAR Reports First Quarter Fiscal Year 2016 Results

AAR (NYSE: AIR) today reported first quarter fiscal year 2016 sales of $377.8 million and income from continuing operations of $8.2 million, or $0.23 per diluted share. For the first quarter of the prior fiscal year, the Company reported sales of $395.1 million and income from continuing o...


Two Chinese Suitors Exploring Takeover of Jet Lessor AWAS

AWAS Aviation Capital Ltd., the lessor being sold by buyout firm Terra Firma Capital Partners, has drawn interest from two Chinese suitors in an auction that could fetch more than US$5 billion, people familiar with the matter said. ICBC Financial Leasing Co. and Aviation Industry Corp. of China are exploring a takeover of Dublin-based AWAS, said the people, who asked not to be identified becaus...

Air Partner: Interim results for the six months ended 31 July 2015

Air Partner plc (“Air Partner“ or “Group“), the global aviation services group, today reports results for the six months to 31 July 2015. Financial highlights: · Underlying PBT of £2.2m, a year-on-year increase of 100% · Underlying EPS of 17.1p, a year-on-year increase of 26%, lower than the increase in underlying PBT d...

Ryanair To Distribute €398M Aer Lingus Proceeds To Shareholders

Ryanair, Europe’s favourite airline, held its AGM in Dublin this morning (24 Sep 2015), during which the airline briefed shareholders on the continuing success of its “Always Getting Better” (AGB) customer experience programme, which has enabled Ryanair to raise its full year traffic forecast (previously 103m) to 104m customers, and its profit guidance by 25%, (previous...

UAC Management Board approved purchase of 75% share in Red Wings by IFC leasing company

Purchase of 75% share in Red Wings by Ilyushin Finance & Co (IFC) leasing company was approved by the Management Board of United Aircraft Corporation (UAC); now IFC Board of Directors should approve the deal, RIA Novosti reports with reference to some sources familiar with the deal. “UAC Management Board considered the matter related to repayment of Red Wings’ debt owed to IFC,&...

Wizz Air Announces A321 Leases From CDB Leasing

Wizz Air, the largest low-cost airline in Central and Eastern Europe, announced today it has signed an agreement with CDB Leasing (the leasing arm of China Development Bank) to finance six Airbus A321ceo aircraft, including Wizz Air’s first two A321s scheduled for delivery later this year. Terms of the agreement were not released. “We’ve developed a strong relatio...

BBA Aviation Eyes Acquisition Of Landmark

British aircraft services company BBA Aviation is reported to be in talks to acquire US competitor Landmark Aviation, which could be valued at more than USD$2 billion including debt. BBA is participating in a sale process for Landmark Aviation, which is owned by private equity firm Carlyle and has attracted several bidders, including buyout firms. Landmark Aviation has been exploring a sale...

ICBC Leasing Orders 30 Boeing 737-800NG Aircraft

Chinese lessor ICBC Financial Leasing Co., Ltd. placed an order for 30 Boeing 737-800NG aircraft on the first day of President Xi Jinping's visit to the United States, which is the first aircraft deal signed during this visit. President Xi arrived in Seattle on Tuesday morning for his first state visit to the United States. Chinese airlines and aircraft leasing firms will order up...

A deal for selling Sukhoi SuperJet 100 aircraft to Europe may be closed in 2015

A deal for selling Sukhoi SuperJet 100 (SSJ 100) aircraft to Europe will likely be closed in 2015, RIA Novosti reports with reference to VEB Head of Export Finance Department Daniil Agulyan. “A memorandum was signed at MAKS airshow and we hope that we will be able to close the deal this year,” he said. The name of an airline or a country will be announced later, probably in a month,...

ST Engineering’s Aerospace Arm Completes Incorporation Of New Companies For Aircraft Leasing

Singapore Technologies Engineering Ltd (ST Engineering) today updated that further to its announcement made on 31 August 2015, the incorporation of the following new companies has been completed.  Company name: Keystone Leasing (UK) Limited Paid-up capital: US$3.00 Country of incorporation: UK  Company name: Keystone 1 Limited Paid-up capital: US$1.00 Country of incorp...

Routehappy Raises $3 Million; Launches Routehappy Hub to Help Airlines and Distributors

Routehappy, the product differentiation platform for air travel, today announced it has secured $3 million in Series B funding from air travel industry veteran PAR Capital Ventures, with participation from existing investors, iNovia Capital and Contour Venture Partners. Routehappy will use the capital in the launch of Routehappy Hub for airline and distributor customers as airlines integ...

US airlines, $5.5 bn net profit in the Q2 of 2015

U.S. scheduled passenger airlines reported an after-tax net profit of $5.5 billion in the second quarter of 2015, up from $3.1 billion in the first quarter of 2015 and up from $3.6 billion in the second quarter of 2014, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported. The 26 U.S. scheduled service passenger airlines reported an after-ta...

FLY Leasing Sells 12 Older Aircraft for US$240 Million

Ireland's FLY Leasing is selling 12 older aircraft from its portfolio for US$240 million as the company continues its fleet renewal strategy. The aircraft will transfer individually to the unidentified new owner, with all transfers expected to be completed by the end of the year. FLY said the sale is expected to produce a US$12 million pre-tax gain, and it expects to incur US$3 mi...

Upcoming events

9th Annual Civil Avionics International Forum

12/08/2020 - 14/08/2020
China, Shanghai

The 2nd Connected Aircraft China Congress 2020

13/08/2020 - 15/08/2020
China, Shanghai

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...