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$22 Million Investment into Two Major Aerospace Research Projects in Québec

An investment of a total of approximately $22 million CAD over a three-year period announced by Bormardier. The company will invest into two major aerospace research projects: Aéro21 and the third phase of the SA²GE project. Both projects will bring together large aerospace comp...

Heligo receives its first Airbus H145 helicopter from Milestone Aviation

Heligo Charters Private Limited (HCPL), a Mumbai-based non-scheduled helicopter operator has taken delivery of its first H145 helicopter. The helicopter’s configuration will allow it to perform a variety of missions. The aircraft taken on lease from Milestone will start operations soon in t...


Major KF Aerospace Facility Expansion at YHM

KF Aerospace is excited to announce a $30-million expansion of its aircraft maintenance, repair and overhaul facility at YHM. Adding 150,000 sq. feet and over 275 new jobs, the project will drive new growth for Hamilton, the Airport and surrounding region. The centerpiece of the project is a new 75,000 sq. foot hangar, introducing wide-body aircraft capability and additional lines of maintenanc...

€25 million investment in the future of Airbus aerospace site in Ottobrunn/Taufkirchen

Airbus is expanding its aerospace activities at its site in Ottobrunn/Taufkirchen, near Munich. It has reached two new milestones, with Bavarian Minister-President Markus Söder and Dirk Hoke, CEO of Airbus Defence and Space, giving the green light for the modernisation of solar array production for satellites, and for the commissioning of expanded clean rooms for optical satellite instruments...

Successful 2018 for JetLoan Capital

"2018 was a success", announced Sam Harris, President of JetLoan Capital.  While continuing their funding of jet transactions, the new general aviation department thrived. JetLoan Capital experienced continued growth in 2018 with 70 closed transactions and over $100,000,000 in funded loans. The aircraft finance company with 25 years of industry experience and over $2 bi...

Safran acquires ElectroMechanical Systems business from Collins Aerospace

Safran announced that it has finalized the acquisition of the ElectroMechanical Systems business from Collins Aerospace. This business primarily consists of actuators and pilot controls for aircraft and was previously a part of Rockwell Collins. These operations generated sales of USD 159 million in 2018, with 575 employees at four facilities in North America, mainly in Irvine, California...

Bonds in Nominal Value of EUR 8 Million issued by Magnetic MRO

Magnetic MRO issued bonds in total aggregate value of EUR 8 million. The company has submitted an application to Nasdaq Tallinn Stock Exchange Listing & Supervisory Committee for listing the bonds on the multilateral trading facility First North. Capital raised with the bond issue will be used for acquiring a competitor operating in the same industry and further expanding Magnetic MRO&rsq...

Air Canada and Chorus Aviation Finalize Amended and Extended Capacity Purchase Agreement for Jazz Regional Flying

$97.26 million Air Canada equity investment in Chorus reinforces partnership  Capacity Purchase Agreement amended and extended by an additional 10 years ending December 31, 2035, securing Jazz's place in Air Canada's regional network for the next 17 years;  Simplification and modernization of the Jazz fleet, with growth through more, larger-gauge aircraft....

Ryanair Reports Q3 Loss Of €20m (Excl Lauda)

Ryanair reported a Q3 net loss of €20m (excl. Lauda). Strong traffic growth (+8%) to 33m was offset by a 6% decline in ave. fares due to excess winter capacity in Europe. Stronger ancillary revenue growth (+26%) was offset by higher fuel, staff and EU261 costs. Q3 Results (IFRS)* Dec. 31, 2017 Dec. 31, 2018 % Change Guests 30.4m 32.7m +8%...

Nordic Aviation Capital formally welcomes GIC as a new shareholder

Nordic Aviation Capital (NAC) announced that it has welcomed GIC,Singapore’s sovereign wealth fund, as a new shareholder. The transaction comprises a partialsale by the existing shareholders and the injection of new capital to further strengthen NAC’sbalance sheet and solidify its position as the global leader in regional aircraft leasing. EQT VI will remain the largest shareholde...

Norwegian Air Shuttle ASA strengthens its balance sheet through a fully underwritten rights issue of NOK 3 billion

Norwegian Air Shuttle ASA (“Norwegian” or the “Company”) is strengthening its balance sheet through a fully underwritten rights issue of NOK 3 billion in order to increase its financial flexibility and create headroom to the covenants of its outstanding bonds compared with the Company’s business plan. The Company is changing its strategic focus from growth to profi...

Convolus to be acquired by AVIAA, merges fleets

AVIAA is adding over 150 new aircraft to their membership with the announcement on 28th January it has reached an agreement with Europe’s smart purchasing business Convolus to merge their operations.   The move will see AVIAA widen its footprint in Europe with the establishment of an office in Munich, Germany, complementing its existing bases in the UK and US...

Strong sales increase in 2018 for Airbus Helicopters

Airbus Helicopters delivered 356 rotorcraft and logged gross orders for 413 helicopters (net: 381) in 2018 (up from 350 gross orders in 2017), maintaining its lead in the civil & parapublic market while reinforcing its position in the military market thanks to key successes with international campaigns. The company also booked 148 orders for light twin-engine helicopters of the H135/...

Aviareto - One million registrations and half a trillion dollars of aircraft assets

Aviareto, the joint venture between SITA and the Irish Government, is celebrating its one millionth registration of aircraft assets. Aviareto holds the contract with the United Nations’ International Civil Aviation Organization (ICAO) to operate the International Registry of Mobile Assets, which is used to record the financial interest in airframes, aircraft engines and helicopters. Financia...

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2019 was a record year for Cirrus Aircraft

A record year of growth and expansionfor Cirrus Aircraft, marked by the award-winning Vision Jet™ becoming the world’s best-selling jet in general aviation. Deliveries of the Vision Jet su...

NAC to be first customer for Dash 8-400 classic overhead bin extension

Nordic Aviation Capital will be the launch customer for the Classic Overhead Bin Extension Solution for the Dash 8-400 aircraft. Under this agreement, De Havilland Canada will be the exclusive supplie...