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Aircraft to Aid Carrier to Meet Demand from India's Fast-Growing Commercial Aviation Market

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), today announced that the company signed an agreement with India’s low-cost carrier SpiceJet Ltd (“SpiceJet”) for the long-term lease of three Boeing 7...

Air Partner Freight continues strong growth trajectory in H1 2018

H1 2018 highlights: Gross profit up 36.4% to £1.5m (H1 2017: £1.1m) Strong demand from Automotive and Aerospace clients Continued investment in regional teams Following on from a record 2017, the Freight team at Air Partner has enjoyed a busy and fruitful first half of the...


First Lessor to Provide Aircraft to Vietnam’s Start-up Carrier

CDB Aviation Lease Finance DAC (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced the signing of a lease agreement for three new Airbus A320-200neo aircraft with Vietnam’s new start-up carrier, Bamboo Airways. CDB Aviation is the first aircraft leasing company to lease new aircraft t...

Norwegian reports a result of 1.6 bn NOK (£149 million) in the third quarter

Norwegian (NAS) reported a result (EBT) of 1.6 billion NOK (£149 million) for the third quarter 2018. The company continued to reduce its unit costs despite a capacity growth of 33 per cent. Going forward, the growth will abate, consequently further reducing unit cost. The net profit for the third quarter was 1.3 billion NOK (£121 million), an improvement of 18 per cent compared to...

NAC is pleased to announce that it has committed to lease two ATR 72-600s to Manta Air, the new domestic airline in the Maldives

NAC has committed to lease two ATR 72-600s to Manta Air, the new domestic airline in the Maldives. The first aircraft will be introduced in November 2018, with the second planned to join Manta Air’s fleetbefore the end of the year. The aircraft will ensure improved connectivity between the beautiful Maldivian atolls. They will be initially operating from the main Velana International Ai...

New ownership and bright future for Monarch Aircraft Engineering

Monarch Aircraft Engineering (MAEL) has agreed the terms of its new ownership structure, with a transaction in which Greybull Capital LLP becomes the majority shareholder in the leading aircraft MRO provider. MAEL’s lenders PNC will continue to provide facilities and support, and many of the operator’s key customers have also expressed their support for the business as the restructu...

Embraer Delivers 15 Commercial and 24 Executive Jets in 3Q18

During the third quarter of 2018 (3Q18), Embraer delivered 15 jets to the commercial aviation market and 24 business jets, being 17 light jets and 7 large jets. On September 30, Embraer’s firm order backlog totaled USD13.6 billion. Regarding the commercial aviation market, Embraer forecasted in its Market Outlook a demand for 10,550 new aircraft with up to 150 seats worldwide over t...

Seabury Capital Group announced the successful acquisition of a leased portfolio of 21 aircraft by Zephyrus Aviation Capital

Seabury Capital Group LLC (“Seabury Capital”) announced its role as sole investment banking advisor on the successful acquisition of a leased portfolio of 21 aircraft by Zephyrus Aviation Capital (“Zephyrus”). Zephyrus is a fleet management solutions provider to lessors and commercial airlines focused on mid- to end-of-life aircraft and related engine leasing and tr...

CDB Aviation Closes $700 million Secured Portfolio Financing

Facility Further Expands the Company’s Banking Partnerships Worldwide  CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today that the company successfully closed a secured portfolio financing facility for $700 million, covering a fleet of 19 Airbus and Boeing aircraft. “Diversifying...

Gulfstream officially acquires NORDAM G500 and G600 nacelle line

  Company Will Continue To Operate Line At Oklahoma Facility Gulfstream Aerospace Corp. announced that it has acquired The NORDAM Group Inc. manufacturing line that produces nacelles for the Gulfstream G500 and Gulfstream G600. Gulfstream had been operating the Tulsa, Oklahoma-based line since early September as part of an agreement with NORDAM to address its July bankruptcy filing....

Dassault Systèmes to Acquire Exa Corporation

Strengthens Simulation Portfolio with Next Generation Fluid Dynamics Capabilities on the 3DEXPERIENCE Platform  Proven Technology and Industrialized Solutions Available to Customers in All Industries  Companies’ Complementary Strengths Expand Power of Digital Engineering Throughout Value-Chain  Dassault Systèmes and Exa Corporatio...

AviaAM Financial Leasing China delivers brand new Boeing 737 to Okay Airways

AviaAM Leasing, a global aviation holding company engaged in commercial aircraft acquisition, leasing and sales, has announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has recently delivered a brand new Boeing 737-800 aircraft to its first client in China – Okay Airways.  On 21stof Se...

Virgo Investment Group Partners with ex-CIT Aerospace Executives to Expand its Aviation Business

Virgo Investment Group (“Virgo”) announced that it is expanding its aviation business via Zephyrus Aviation Capital (“Zephyrus” or the “Company”). Several former CIT Aerospace executives have partnered with Virgo to transform Zephyrus into a full-service platform and the Company is completing a large portfolio acquisition.  Zephyrus is a fleet manag...

Rostec Suggests Using Automobile Leasing Scheme to Renew Russian Helicopter Fleet

Rostec has suggested implementing the Government's idea to replace helicopters older than 25 years in Russia based on the leasing scheme. The measures can be supported by the state program facilitating purchase of new aircraft for air carriers. The suggestion was announced by Director of the Aviation Cluster of the state corporation Anatoly Serdyukov. The Russian fleet of civilian helicopte...

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FACC increases sales, earnings below prior-year quarter

FACC AG started 2019 with a slight increase in revenues, but a decline in profits. Compared to the previous year, Group revenues increased moderately by 2.2 % to EUR 193.7 million in the first quarter...