Global Jet Capital has completed 90% of its acquisition of GE’s fixed wing aircraft financed portfolio. The company has so far assumed 276 aircraft based in the US and Canada, with the remaining 10% of accounts being in Brazil and Mexico. “Today’s announcement is a significan...
Air Lease Corporation (ALC) (Los Angeles) has announced an agreement to lease two new Boeing 787-9 Dreamliner aircraft to El Al Israel Airlines (Tel Aviv). Both aircraft are on long-term lease from ALC’s order book with Boeing and are scheduled to be delivered to Israel’s flag carrier...
The newly concluded Taiwan-Macau double taxation avoidance agreement on aviation businesses will boost the development of air transport between the two sides and increase bilateral business and people-to-people exchanges, according to the Ministry of Finance (MOF). Taiwanese carriers Eva Air and TransAsia Airways, as well as Tigerair Taiwan -- a joint venture between Taiwan's China Airlines...
Low oil prices and healthy demand for travel, despite recent terror attacks hurting some destinations, will boost airline profits again in 2016, the International Air Transport Association (IATA) said on Thursday. IATA, which represents almost 260 airlines accounting for 83 percent of global air traffic, said net profit would reach record levels of US$36.3 billion, after US$33 billion in 2...
Richard Branson's Virgin Atlantic Airways said it raised 220 million pounds (EUR304 million) from Europe's first-ever bonds secured against airport operating slots. The issue, backed by scarce take-off and landing positions at London's Heathrow airport, will help finance long- term investments including the purchase of new aircraft Virgin said. The deal is the company...
The United States on Tuesday launched a challenge to Chinese tax exemptions for locally produced aircraft, saying they discriminated against imported planes. The request for consultations with China at the World Trade Organization over a value-added tax of 17 percent on small to medium-sized planes is the first step in a process that could lead to trade sanctions. The U.S. Trade Representati...
This week Ernst and Young forensics tabled with the SAA Board, its draft report in respect of the procurement investigation at SAA. This report is the first of a number of investigations that will examine specific areas of the business that will identify reasons for the company’s unprofitable trading. The report that is currently being studied by the Board will be follow...
Air France-KLM has said that the Paris attacks, in which 130 people were killed, led to a €50m ($54m; £36m) drop in revenues as trips were cancelled. However, the airline group said it expected the effect to have largely worn off by the end of December. The group said the attacks "significantly impacted" traffic to and from Paris. Before the attacks passenger numbers...
Hainan Airlines (HU) announced Monday night to adjust its private placement released earlier in April, cutting the upper limit of the total funds from 24 billion yuan to 16.6 billion yuan. The Haikou-based carrier now plans to sell as many as 4.62 billion shares to raise 16.55 billion yuan in a private placement, down from the 24 billion yuan previously announced, the company said in a fil...
Air Zimbabwe has been protected from creditors for the next three years by the Zimbabwean parliament. The heavily indebted carrier has had its assets protected by the Air Zimbabwe Corporation (Repeal) Act, which has been amended to include provisions State Liabilities Act. The carrier has been given until July 3 2018 to settle its debts with creditors. Its sole share...
Jazeera Airways has finalised its voluntary capital reduction process to bring down its capital from KD42 million to KD20 million to match the size of its current operations after it exited the aircraft leasing business. As part of the process, the company will issue cash payouts worth a total KD32.7 million starting Sunday, December 13, 2015. The KD32.7 million cash payouts include:...
The EBRD is supporting the growth programme of Kazakhstan’s national airline, Air Astana, with a loan of up to US$ 14 million equivalent in Kazakh tenge. The loan will finance the construction of the first aircraft maintenance facility in the country, and in the entire Central Asian region, capable of serving large aircraft. The technical maintenance centre will be located at As...
Hong Kong tycoon Li Ka-Shing's Cheung Kong Infrastructure Holdings (CKI) is among the companies that have placed indicative offers for London City Airport, which has been put up for sale by U.S. owner Global Infrastructure Partners, sources familiar with the matter said. The remaining bidders include Italian infrastructure group Atlantia and three consortia, one of which is led by Macquarie...
Finnair’s strategic objective is to double its Asian traffic by 2020 from the level of 2010. To enable its growth, Finnair has ordered 19 new Airbus A350 XWB aircraft, which also increase Finnair’s cargo capacity considerably. With a view to the growth of its cargo traffic, Finnair is constructing a new state-of-the-art cargo terminal to be completed in 2017. At the same time, Finavia,...
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...
