China’s HNA Group, controlled by the billionaire Chen Feng, has agreed to buy the aircraft-leasing business of CIT Group for US$10 billion in a deal that would create the world’s third-largest rental fleet. HNA’s Avolon Holdings will expand its line-up to 910 aircraft valued at...
Air Canada announced that it has completed its previously announced private offering of C$200 million of 4.75% senior secured first lien notes due 2023 (the “2016 Senior Notes”) and the closing of its previously announced U.S.$1.1 billion new senior secured credit facility, comprised of a U.S.$800 m...
The aircraft lessor BOC Aviation said on Monday it would buy five new planes from Air China, worth a combined US$1.5 billion at list prices, and would lease them back to the carrier. Asia’s second-biggest aircraft lessor, with a fleet of more than 260 planes, said it would buy three new Boeing B777-300ERs and two new Airbus A330-300 aircraft. The company expects to take delivery of the...
Air Canada announced that it has priced a private offering of senior secured notes and received commitments from lenders for a new credit facility in connection with its C$1.25 billion refinancing transaction. As part of its refinancing transaction, Air Canada entered into a purchase agreement with a syndicate of initial purchasers relating to a private offering of C$200 million aggregate princ...
Global aeronautical communications provider, Satcom Direct (SD), announced it has acquired AircraftLogs (“Stewart-Ratliff Aviation Services, Inc”), a company based in Columbus, OH, that offers the latest technology in aircraft flight scheduling software and tax reporting tools for corporate and private flight departments. With the purchase of AircraftLogs, SD adds scheduling and t...
Aircraft lessors around the world continue to benefit from increased air travel, strong airline profitability, low interest rates and generally accessible funding markets, according to Fitch Ratings’ latest North American FI Chart of the Month and Aircraft Leasing Sector Review report. As the reports highlight, however, these variables are cyclical in nature or prone to temporary disruption,...
Iran urged the United States on Sunday to remove remaining obstacles to it buying passenger planes following the lifting of international sanctions and spread out the welcome mat to foreign investors as it seeks to boost its aviation sector. Iran provisionally agreed earlier this year to buy over 200 jets worth $50 billion at list prices from Airbus and Boeing under an agreement between Tehran...
KuangChi Science, a Chinese technology company hoping to send tourists – and turtles – into space, could soon go on a US$600 million investment spurt. Later this year, it intends to send mice and turtles into near-space, up to 100km above sea level, via a capsule hooked up to balloons. If that works, KuangChi can begin exploring sending humans aloft. Despite having few products o...
XTI Aircraft Company (XTI) today launched the next phase of its funding strategy to bring the TriFan 600 to market. In addition to its ongoing equity crowdfunding campaign, XTI entered into an engagement agreement with the New York investment bank Primary Capital LLC, for XTI's $20 million Series B round. The security being offered to each accredited investor under this financing is a convertib...
The operations of a major airline in Afghanistan, Safi Airways, was suspended due to a large outstanding debt and taxes payable by the airline, the Afghanistan Civil Aviation Authority (ACAA) said Sunday. According to a statement by Afghanistan Civil Aviation Authority (ACAA), the decision to suspend the operations of the airline was taken by the Ministry of Finance of Afghanistan. The state...
BOC Aviation, the aircraft leasing unit of Bank of China, has reported a 24 per cent increase in profit in the first half of the year as growth in travel boosts demand for planes. Net income in the six months through June rose to US$212.2 million, compared with $171.5m a year earlier, the company said in a statement to the Hong Kong stock exchange on Monday. Sales gained about 8 per cent to $57...
China’s three biggest airlines are poised to report losses totaling 8.5 billion yuan ($1.3 billion) from currency swings this year as a weaker yuan proves a drag amid rising traffic and cheaper fuel. The silver lining: The losses are narrowing. Flagship carrier Air China Ltd. may face 3 billion yuan in foreign-exchange losses, while China Southern Airlines Co., Asia’s biggest b...
Ryanair does not plan to change its profit guidance despite seeing weaker than expected average fares over the summer months, the airline said on Friday after a briefing for industry analysts. Average fares in the six months to the end of September are likely to have fallen between 8 and 9 percent from a year earlier, worse than the fall of between 6 and 8 percent that was forecast in July...
South African Airways (SAA) needs a going concern government guarantee in order to finalise its Annual Financial Statements (AFS). The matter has been brought to the attention of the shareholder representative (National Treasury) and there are extensive, on-going engagements on the matter with the aim of finding a resolution and to provide certainty to all concerned. This does not mean the company...
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...
