50 SKY SHADES - World aviation news

Finance news

Featured by MySky

Latest Finance news

A deal for 20 shipsets of the Recaro BL3530 SPRINT seat for use on aircraft in the transition market

Avolon has agreed with Recaro Aircraft Seating an order for twenty shipsets of the SPRINT seat, consisting fifteen shipsets for use on A320 aircraft and five shipsets for the B737NG aircraft; the seats will be delivered in the first half of 2021. CEO and Shareholder at Recaro Aircraft Seatin...

CAE to acquire TRU Simulation + Training Canada Inc

CAE concluded a conditional agreement with Textron to acquire TRU Simulation + Training Canada Inc. for a cash consideration of approximately US$40 million, excluding post-closing adjustments. The closing of the transaction is subject to customary conditions and regulatory approvals.&...


CDB Aviation brings next generation A330 P2F Freighter to market

CDB Aviation entered a new partnership with Germany-based EFW GmbH to conduct the Passenger-to-Freighter conversion of two Airbus A330-300 aircraft in 2021, which will be available for lease to airline customers from early 2022. The A330-300 P2F conversion program marks CDB Aviation’s first entry into freighter conversion, advancing the lessor’s strategic efforts to...

Financial sustainability & Major Disruption - MACE 2020

Even during corona caused crisis, aviation professionals are doing everything possible in order to meet each other, to discuss the actual state of industry as well as measures and solutions in order to relaunch it soonest possible. As you understand, at this point meetings are quite virtual, online. Three days MACE 2020 - Malta Aviation Conference and Expo, became a very interesting platform for i...

Bizav success story - Jung Sky Q3 most successful quarter yet & expansion plans

During July, August and September 2020, Zagreb-based business aviation operator Jung Sky achieved the most successful quarter in company history, overthrowing the previous record-holding quarter by 11.5% in revenue and 21% in passenger flights. Jung Sky will enter its 12th year in the business later this November. During Q3, Jung Sky crews performed flights to a total of 115 airport...

Norwegian third quarter results heavily impacted by COVID-19

Norwegian reported its third-quarter 2020 results. As anticipated, these were heavily impacted by the COVID-19 pandemic with a net loss of NOK 980 million. Norwegian carried approximately one million customers, a decrease of 91 percent compared to the same period last year showing a slight improvement on the previous Q2 decrease of 99 percent. Norwegian continued to successfully convert debt and i...

flypop Announces Investment from the UK Government Future Fund

flypop announces a significant investment from the UK Government’s Future Fund. flypop, the UK’s only international long-haul low-cost airline, plans to launch in 2021 with scheduled flights to India. It will cater not only to the UK’s Indian/South Asian diaspora (and their visiting friends and relatives) but will also serve those keen to explore the Indian sub-continent and regi...

Norwegian is very disappointed about lack of government support

The government of Norway announced that Norwegian will not receive further financial support, which Norwegian had clearly communicated was necessary to maintain operations throughout the Covid-19 crisis. The company is now facing a very uncertain future, but we will do everything in our power to get through this crisis and to continue doing what Norwegian has been doing for almost 20 years: Ensuri...

Engage in the Development of RIX Cargo City - Riga Airport calls on investors

Continuing the development of the air cargo segment, Riga Airport has announced an international tender to attract an investor for the construction of a new multi-functional cargo handling and logistics complex in the Airport territory. To create the complex, the Airport offers investors an opportunity to acquire building rights for 30 years to a plot of land in an area of 1.5 hectares in the...

Lufthansa Group reports Adjusted EBIT of minus EUR 1.3 billion in the third quarter

−   Liquidity of EUR 10.1 billion available, of which EUR 6.3 billion are unutilized stabilization measures  −   Ongoing strong performance at Lufthansa Cargo further supports Group  liquidity −   Hub strategy enables cash-positive flight operations, even in the current market environment     &mi...

Global Jet Capital completes securitization, raising $522M

Global Jet Capital announced the closing of its BJETS 2020-1 securitization, raising approximately $522 million. BJETS 2020-1 is Global Jet Capital’s fourth ABS offering, bringing total assets securitized to over $2.8 billion and bonds issued to over $2.3 billion.  The BJETS 2020-1 offering contained three tranches of notes: a $426.4 million Class A tranche, a $63.6 milli...

Airbus reports Nine-Month 2020 results

Global air travel recovery slower than anticipated  Cash containment and business adaptation on track 9m revenues € 30.2 billion; 9m EBIT Adjusted € -0.1 billion 9m EBIT (reported) € -2.2 billion; 9m loss per share (reported) € -3.43 Restructuring provision of € -1.2 billion recognised in EBIT (reported) 9m free cash flow before M&A and customer finan...

MTU Aero Engines AG presents its nine-month figures and a more precise forecast

In the first nine months 2020, MTU Aero Engines AG generated revenue of €2,956.6 million (1-9/2019 €3,403.7 million). The operating profit was €310.8 million, compared with €557.7 million in the prior-year period. The EBIT margin was 10.5% (1-9/2019: 16.4%). In line with adjusted EBIT, adjusted net income dropped from €391.7 million to &e...

The first leasing customer for multi-mission H160 - Milestone

Milestone Aviation and Airbus Helicopters have agreed to include six H160s in Milestone’s orderbook. The helicopters will be destined for a range of missions including offshore transportation and emergency medical services, the first of which is set to deliver in 2023.  “Today’s announcement will see us enhance our orderbook to include the H160 which we believe will be an...

Upcoming events

Singapore Airshow 2022

15/02/2022 - 18/02/2022
Singapore, Singapore

2022 NBAA Schedulers & Dispatchers Conference

05/04/2022 - 07/04/2022
United States, San Diego

Essential news

Fearless Forecasts 2022 predicts continued aviation recovery - Avolon

Avolon issued its annual outlook paper for 2022 titled ‘Rise Above’. Co-authored by Jim Morrison, Head of Portfolio Management, and Rosemarie O’Leary, Head of Counterparty...

Transition towards net-zero sustainable fuels - LanzaJet partners Microsoft Climate Innovation Fund

LanzaJet has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia, through the Microsoft Climate Innovation Fund. The Microsoft Climate Innovation Fund has made a $50M investm...

Top of the week

Fearless Forecasts 2022 predicts continued aviation recovery - Avolon

Avolon issued its annual outlook paper for 2022 titled ‘Rise Above’. Co-authored by Jim Morrison, Head of Portfolio Management, and Rosemarie O’Leary, Head of Counterparty...

Lockheed Martin Ventures leads series A funding round for Electra.aero

Electra announced that it has received an investment in its Series A funding round from Lockheed Martin Ventures. The funding will support Electra's plans to begin flight testing a full-scale...

Transition towards net-zero sustainable fuels - LanzaJet partners Microsoft Climate Innovation Fund

LanzaJet has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia, through the Microsoft Climate Innovation Fund. The Microsoft Climate Innovation Fund has made a $50M investm...