The European Bank for Reconstruction and Development (EBRD) is boosting Romania’s fast-growing manufacturing sector with a US$ 8.5 million loan to Sonaca as the aerospace company expands its operations in Romania. With the EBRD funding, the firm will build a plant in north-western...
Private aircraft finance provider Global Jet Capital today appointed industry veteran Dave Labrozzi as chief operating officer. Before retiring in 2014, Labrozzi spent 35 years with the GE group, of which 22 years were focused on the business aviation sector. For 15 years he served as pres...
The International Air Transport Association (IATA) announced it is expanding its activities to prevent payment fraud in the air travel industry. Payment fraud costs the industry an estimated $858 million annually, approximately $639 million of which is borne by airlines and the remainder by other participants in the travel value chain, including travel agents. IATA is cooperating with Ypsilon N...
AirAsia Global Notes Limited (the "Company”), a wholly owned subsidiary of AirAsia Berhad (“AirAsia”), on 5th January 2016 established a US$1.0 billion multicurrency medium term note programme (“Programme”). Barclays Bank PLC, Singapore Branch is the sole arranger and together with CIMB Bank (L) Limited (“CIMB”) and RHB Invest...
Larry Ellison’s Ohana Airline Holdings, LLC announced that it plans to sell a controlling interest in Hawaii Island Air, Inc. (Island Air) to PaCap Aviation Finance, LLC and Malama Investments, LLC, two investment companies managed by local investment firm, PacifiCap. The sale, subject to U.S. Department of Transportation approval, will support Island Air’s suc...
SAS has secured a Pre-Delivery Payment Financing Facility (“PDP Facility”) with DVB Bank covering a portion of the pre-delivery payments that SAS is making for five Airbus A320neo under the aircraft order with Airbus. The PDP Facility is structured as a revolving credit facility under which SAS may draw up to MUSD 46. Through th...
Bank of China has hired Goldman Sachs and BOC International as joint sponsors for the planned Hong Kong listing of its aviation arm, expected to raise about $3 billion, people with knowledge of the matter said. Bank of China aims to launch the initial public offering (IPO) of lessor BOC Aviation, based in Singapore, in the second quarter of this year, the people sai...
US aerospace giant Boeing has announced a $14 billion share buyback and 20 percent increase in its regular quarterly dividend starting 2016 to $1.09 per share. Boeing said the new buyback plan will replace the $12 billion plan that was previously in place of which $5.25 billion remained. "Once again, we are demonstrating our commitment to a balanced cash deployment strategy that fuels i...
Investors continued to take exposure to aviation stocks on Friday following sharp cut in jet fuel prices. SpiceJet, Jet Airways and InterGlobe Aviation touched fresh 52-week highs, rising 8-14 percent intraday (in addition to 4-7 percent rally in previous session). Oil marketing companies slashed aviation turbine fuel (ATF) prices by 10 percent, hence current prices are lowest since J...
A major portfolio investor is holding talks on purchasing a share in Russian Helicopters, Russian Minister of Industry Denis Manturov told TASS on Tuesday in an interview. "As far as my position is concerned, I never was a supporter of an endless expansion of government-owned assets. The government may offer support in consolidation of assets at a certain stage, so that to approach the fin...
Russian airline UTair has fully restructured its 160 billion ruble debt, a representative for the restructuring consultant Raiffaisenbank told PRIME Tuesday. “Yes, we confirm that the deal is over,” the representative said. In November, the airline signed a deal with a syndicate of 11 banks to restructure a 43 billion ruble debt.
From waiting in the wings to finally taking wing, 2015 was a year that changed the skies of the Indian aviation sector. To begin with, the sector, which lacked a clear policy framework, received a shot in the arm when the Civil Aviation Ministry unveiled its much-awaited draft civil aviation policy on the 30th of October. The policy touched upon 16 critical areas to make travel affordable for t...
Aviation Capital Group (“ACG”) announced that it has increased its senior unsecured revolving credit facility with DBS Bank Ltd. as administrative agent by $60 million to $220 million and extended the maturity to December 28, 2019. Together with its other senior unsecured revolving credit facility, ACG has $1.165 billion of revolving commitments from 21 banks...
Munich-based aviation finance arranger EMP structured assets GmbH (EMP), working in conjunction with senior and junior lenders in Germany and Dubai has arranged the purchase of an A380-800 operating lease to Emirates from Stellwagen Finance Company Limited, the holding company for Aviation Finance Company Limited (AFC). AFC initially arranged 100% of the financing for Stellwage...
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...
