Fitch Rating’s large commercial aircraft (LCA) delivery outlook for 2016 and 2017 is intact despite some weakness in parts of the widebody aircraft market, delivery deferrals across most regions of the airline industry, and a likely decline in new orders in 2016 compared to 2015. While Fitc...
India airline Jet Airways, a member of the Etihad Airways partnership, reported a surge in operating profit in the first quarter of the 2016-17 financial year, but warned intense competition in the air travel market would continue into the second half. The operating profit leapt by 124 per cent t...
Lufthansa Cargo took over complete ownership of the time:matters Group, experts in global sameday delivery and time-critical international spare part logistics. The cargo airline, which spun off time:matters as a subsidiary in 2002, had already held a 49 per cent share. The majority 51 per cent shareholding had been held by financial investor Aheim Capital and time:matters management. Lufthansa Ca...
The leasing company "Ilyushin Finance Co". (IFC) has reduced the number of ordered Bombardier CS300 from 32 to 20 aircrafts. The delivery is expected in late 2018. The parties explain this adjustments differently. According to Bombardier's opinion Russian customers consider new market’s demands, but IFC refers to the Canadian export agency which hasn’t provided cheap f...
As Oman Air continues its ambitious fleet and network expansion plan, the airline has signed a letter of intent (LOI) with Dubai Aerospace Enterprise (DAE) Ltd for the sale and leaseback of two new B737-800 aircraft. The first of the two aircraft was delivered on 25th July and the second is expected to arrive at Muscat this month. Under Oman Air’s expansion programme, launched late 201...
Flexjet Ltd., the UK subsidiary of U.S. based Flexjet, today announced the acquisition of aircraft charter management firm FlairJet from Marshall Aerospace to expand the fractional provider’s footprint into Europe, using a fleet of eight Nextant 400XTis, as well as Flairjet’s existing fleet of seven managed jets. Flexjet, which revealed plans to enter the region this fall at EBACE, wil...
Germany’s Fraport is selling a stake in the operator of the St Petersburg airport, which is ailing from low traveller numbers due to the weakness of the Russian rouble, to the Qatar Investment Authority (QIA). The deal, from which Fraport expects to generate a gain of €30 million (Dh123.1m) to €40m, will help to offset weakening revenues at hubs such as Frankfurt and Antalya and...
The Czech government approved a deal with GE Aviation on Wednesday for an investment in a new turboprop engine plant that will cost an estimated 350 million euros ($384.76 million). "The Czech government today approved cooperation with GE Aviation," Industry Minister Jan Mladek said on Twitter. "Aviation engines will be developed, examined and produced in the Czech Republic."...
GROUP EARNINGS SIAEC Group posted a profit attributable to owners of the parent of $198.4 million for the quarter ended 30 June 2016, an increase of $157.1 million. During the quarter, the Group made a $141.6 million gain from the divestment of its 10% stake in Hong Kong Aero Engine Services Ltd (“HAESL”) to Rolls-Royce Overseas Holdings Limited (“RROH”) and Ho...
fastjet says it has been able to raise GBP15 million (USD19.7 million) in fresh capital through the issuance of 30 million new ordinary shares priced at GBP0.50 (USD0.66 per share). Among the investors was the LCC's own executive chairman, Colin Child, who agreed to subscribe for 140,000 new ordinary shares or 0.13% of the enlarged issued share capital. The funds will provide sufficient...
The stake in Russian Helicopters intended for privatization can be increased to 49%, but so far none of Russian investors has showed interest in it, Industry and Trade Minister Denis Manturov told reporters. "To date, there is no investor. It does not mean a delay, it is "on stand-by". The main decision (about a possible increase of the stake to 49% -TASS) has been made. As for t...
The proposed Chinese-Russian widebody airliner will require investment of between $13 billion and $20 billion. Confirming the outline program budget at last week’s Farnborough International Airshow, Yuri Slyusar, president of Russia’s United Aircraft Corporation, said that the final amount will depend on whether or not customer support arrangements will be able to use existing faciliti...
China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK), the largest independent operating aircraft lessor in China, has closed its first Japanese Operating Lease with a Call Option (“JOLCO”) financing related to two new Airbus A320 delivered to Pegasus Airlines in June. Asset Brok’Air acted as transaction arranger an...
Wizz Air Holdings Plc (“Wizz Air” or “the Company”), the largest low-cost airline in Central and Eastern Europe1, today issues an unaudited interim management statement for the three months to 30 June 2016 (“first quarter”, “Q1” or “Q1 F17”). RECORD Q1 PROFITABILITY AND STRONG BALANCE SHEET Total revenu...
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...
