Russia's Sukhoi Civil Aircraft Company (SCAC) plans to draw on some 238.4 billion rubles ($3.7 billion) in funds by additionally raising its share capital, the company said Friday. In September, SCAC shareholders decided to boost the company's share capital by emitting 1,000-rub...
Dnata has purchased a 50% stake in GTA Aviation's cargo and ground handling operation at Toronto Pearson International Airport. This investment marks dnata’s first step into the Canadian market and is a significant development in the company’s expansion into the Americas, less tha...
Agriculture could be one of the biggest drone markets. You might be familiar with the idea of drones delivering consumer packages or monitoring security areas, but did you know that drones were first used commercially in Japan for agricultural purposes? In fact, agricultural efficiency is poised to take a big leap with drone technology now that the U.S. Federal Aviation Administration is stream...
Bombardier Inc. announced that it has successfully closed its offering of US$1.4 billion aggregate principal amount of new Senior Notes due December 1, 2021 which carry a coupon of 8.750% per annum and were sold at 99.001% of par (the “Notes”). Bombardier intends to use the net proceeds of this offering of Notes, together with cash on hand, to finance the redemption of all of i...
Latam Airlines has announced that Brazil’s competition regulator Cade has given the green light for Qatar Airways to purchase a stake in the Chile-headquartered regional carrier. Qatar Airways in July agreed to acquire up to 10 per cent of Latam’s total shares following a capital increase of US$613 million, through the issuance of new shares at $10 per share. Latam said it will n...
Bombardier reported its third quarter 2016 results and highlighted solid performance executing its turnaround plan. “We continue to gain momentum as we execute our turnaround plan and transform our company,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. “In the third quarter, we again delivered on our financial commitments, we achieved our progra...
BP announced the creation of a strategic partnership between its BP Ventures and Air BP businesses with Fulcrum BioEnergy, a pioneer in the development and production of low-carbon jet fuel, in which BP will invest $30 million. As an equity investor, BP has secured a 10 year offtake agreement with Fulcrum for 50 million US gallons per year, from their plants under development across North...
Dubai is looking to raise US $3 billion to fund expansion of its two international airports and has hired HSBC to advise on raising the finance. The Department of Finance, Government of Dubai, says HSBC will advise it, the Investment Corporation of Dubai and Dubai Aviation City Corporation on raising funds through various sources, including Islamic financing. The emirate wants to boost annu...
Surf Air, the Santa Monica-based company that charges a monthly fee for all-you-can-fly services, is shopping for planes to expand its business to Europe. Surf Air executives said they are negotiating with Kansas-based Textron Aviation, which builds Cessna planes, and Brazilian airplane manufacturer Embraer, to purchase a fleet of executive jets for the new venture. A Brazilia...
On October 26, 2016, Fitch Ratings upgraded Russian Helicopters JSC's (RH) Long-Term Issuer Default Rating (IDR) to 'BB+' from 'BB' and affirmed the Short-Term IDR at 'B'. The Outlook on the Long-Term IDR is Stable, the rating agency informed. The upgrade reflects Fitch's views that the recent improvement in the company's funds from operations (FFO), whilst e...
SilverArrow Capital Group announced that it has acquired the majority share (51%) of PrivatAir, SA. PrivatAir is an international premium airline and leading business aviation group with headquarter in Geneva, Switzerland and operating offices in Duesseldorf, Germany and Lisbon, Portugal. PrivatAir operates a wide-range of aircrafts ranging from Boeing B767, B757, BBJs to Airbus A319 and busine...
Boeing has reported profit that beat analysts’ expectations as the plane maker benefited from one-time tax gains and moderating production costs for the 787 Dreamliner. Third-quarter earnings were US$3.51 a share excluding a one-time accounting charge and some pension expenses, the Chicago company said. That was more than the $2.67 average of analysts’ estimates compiled by Bloomb...
In the first nine months of 2016, MTU Aero Engines AG saw its revenues increase by 4% to €3,401.3 million (1-9/2015: €3,257.0 million). The group’s operating profit increased by 18% to €393.8 million (1-9/2015: €333.1 million), improving the EBIT margin from 10.2% to 11.6%. Earnings after tax increased by 18% to €273.4 million (1-9/2015: €231...
Aircraft component maker Rockwell Collins Inc has struck a deal to buy aircraft interior maker B/E Aerospace Inc for $62 per share in cash and stock, the companies said on Sunday. The acquisition, valued at $6.4 billion plus the assumption of $1.9 billion in debt, expands the range of products Rockwell Collins supplies to major commercial and business aircraft and broadens its customer bas...
08/09/2026
United Kingdom, London
10/09/2026
Latvia, Riga
Solairus Aviation announced an agreement to acquire the Aircraft Management and Charter divisions of Clay Lacy Aviation. Solairus currently manages approximately 360 aircraft from more than 100 b...
