In September 2015, airberlin transported a total of 3,160,104 passengers. In light of an extensive capacity reduction by 7.2 percent, the number of passengers decreased by 6.4 percent as compared to the corresponding month of the previous year. Analogously, the revenue passenger kilometers (RPK) tra...
Business jet financing firm Global Jet Capital announced an agreement today to purchase the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas, representing approximately $2.5 billion of net assets. Terms were not disclosed. The deal is expected to close by...
A secretive Chinese investment fund is understood to be poised to enter the 2 billionn bidding war for London City Airport. Gingko Tree, a division of the Chinese state's foreign exchange regulator, is believed tobe in talks with Australia's Macquarie about teaming up to make an offer for the East London airport. An agreement has not yet been reached with Macquarie. However, if Gi...
Platinum Equity has today completed the acquisition of Worldwide Flight Services (WFS) from LBO France, but no financial details have been disclosed for the acquisition. Platinum Equity head of European investment, Bastian Lueken, says: “We are excited about the prospects for WFS and are working with the management team to execute on the company’s long-term growth strategy.”...
Air Baltic (BT, Riga) has attracted attention from Chinese investors Latvia's State Secretary to the Ministry of Transport, Kaspars Ozoliņš, has disclosed. In an interview with Latvian Radio this week, Ozoliņš described the investors simply as owners of a variety of aircraft manufacturing firms. He added that talks took place last month during the finalization of details for a...
Fitch Ratings has affirmed Ryanair Holdings plc’s (RYA) Long-term Issuer Default Ratings (IDR) and Ryanair Limited’s senior unsecured rating at ‘BBB+’. The Outlook on the IDR is Stable. The unsecured rating covers EUR1.7bn of debt, and it is aligned with RYA’s IDR of ‘BBB+’ despite potential subordination to RYA’s approximately...
DVB Bank SE is strengthening its commitment to sustainability and has joined aireg – Aviation Initiative for Renewable Energy in Germany e.V. As both announced today, DVB Bank, as the leading specialist for international transport financing, will support the climate efforts of the aviation industry in Germany. aireg has been working on the development and market introduc...
Finnair Plc successfully placed EUR 200 million hybrid bonds on 1 October 2015 (the “New Hybrid Bonds”). The initial coupon rate of the New Hybrid Bonds is fixed at 7.875 per cent per annum, but it will be subject to a coupon reset on each 5th anniversary of the issue date of the New Hybrid Bonds. The New Hybrid Bonds have no specified maturity date, but Finnair may exerci...
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced a purchase-and-leaseback transaction with Malindo Airways for six new Boeing 737-800 aircraft. Four of the aircraft have delivered to Malindo Air. The remaining two are scheduled for delivery in October. Malindo Air, headquartered in Malaysia, currently operates a fleet of 24...
China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK), the full value-chain aircraft solution provider, reviewed with industry leaders at the 4th China Air Finance Development (DFTP) Summit the support from Dongjiang Management Committee regarding the innovative systems and policies of Dongjiang Free-Trade Port (“DFTP”), sha...
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, announced it signed a purchase-and-leaseback agreement with Frontier Airlines for nine new Airbus A321 aircraft. Delivery of the first new aircraft is scheduled for October 2015 with the remaining new deliveries scheduled in 2015 and 2016. All nine aircraft are powered by CFM56-5B3 engine...
XTI Aircraft Company Reaches $10 Million in Expressed Global Interest Through Aviation's First Equity Crowdfunding Campaign. Equity crowdfunders from around the world have reserved shares for more than $10 million to support development of the TriFan 600. The TriFan 600 will be the world's first commercially certified vertical takeoff airplane. It will have the speed,...
Cathay Pacific Airways (CX) plans to take delivery of 70 large long-haul aircraft in the next 10 years, Hong Kong media reported. James Tong, Director Corporate Affairs of Cathay Pacific Airways, revealed that with the expansion of the carrier's fleet, they are considering launching more Europe and U.S. services, including Tel Aviv in Israel and Madrid in Spain, correspo...
The board of Russia's United Aircraft Corporation (UAC) has given its leasing subsidary, the Ilyushin Finance Company (IFC), the go-ahead to acquire a 74% stake in local carrier, Red Wings (Russia)(WZ, Moscow Vnukovo). A UAC source told Russia's RIA news agency that IFC management are now set to vote in favour of the purchase. The transaction, which was first announced by IFC&...
23/05/2022 - 25/05/2022
Switzerland, Geneva
09/06/2022 - 11/06/2022
France, Lyon
REGENT announced that Hawaiian Airlines has agreed to strategically invest in the company to support the initial design of its next generation 100-person capacity all-electric seaglider known as the M...
Surf Air Mobility has entered into a definitive agreement, subject to closing conditions and regulatory approval, which will result in a merger with Southern Airways Corporation, parent company o...
