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S7 CEO buys Transaero

CEO of Russia’s S7 Group, Vladislav Filev, has bought "at least 51% of shares" of distressed Transaero airline from its majority shareholder, Alexander Pleshakov. Announcing the deal, Filev did not disclose who the other investors are or what the value of the transaction is. He di...

S7 Airlines Co-Owner Filyov Agrees to Buy Control of Transaero

S7 Airlines co-owner Vladislav Filyov agreed to buy control of Russia's second-largest carrier, Transaero Airlines, after state-run Aeroflot PJSC declined to bail out its indebted competitor. Filyov signed an agreement today to buy at least 51 percent of Transaero from Alexander Pleshako...


Airline business rollercoaster – do banks really know what they sign up for?

Several thousand at Air France, six thousand at Malaysian Airlines and almost 11,000 at Transaero - these are the potential job cuts to be carried out by these major world carriers. This once again comes to show that airline business always balances on a fragile edge between profit and loss. However, if a carrier reaches an extreme point of bankruptcy, what awaits its financial partners? Will the...

Honeywell, $9.6b sales in Q3, 2015

Honeywell announced results for the third quarter of 2015 “Honeywell delivered another strong quarter of earnings growth and exceptional margin expansion,” said Honeywell Chairman and CEO Dave Cote.  “On 1% core organic sales growth, segment margins expanded 190 basis points driven by new product introductions, our key process initiatives including HOS Gold, continue...

Bank of China Votes for IPO of Aviation Leasing Unit in HK

Bank of China Ltd, the country's fourth biggest commercial bank, has voted to spin off its aviation leasing unit in a Hong Kong share sale, the lender said in a statement to the Shanghai Stock Exchange. BOC Aviation Pte Ltd will raise funds by selling no more than 40 percent of the firm through a listing of new and old shares on the main board of the Hong Kong Stock Exchange, the statement...

BOC Aviation signs agreement to sell 24 aircraft

BOC Aviation signed an agreement to sell a portfolio of 24 aircraft to Shenton Aircraft Investment I Ltd. and affiliates (“SHNTN 2015-1”). To finance a portion of the purchase of the aircraft portfolio, SHNTN 2015-1 has issued two tranches of notes, comprising US$747.4mn of 4.75% Series A notes (A, Standard & Poor’s / Fitch Ratings) and US$60.5m of 5.75% Series B notes (BBB,...

Boeing Statement on EVA Airways Intent to Purchase up to 26 Widebody Airplanes

Boeing today announced EVA Airways intent to purchase up to 24 787-10 Dreamliners and two additional 777-300ER (Extended Range) jetliners, which is valued at more than $8 billion at current list prices. EVA Airways will join the 787-10 launch customer team and will be one of the first airlines in the world to introduce the newest member of the 787 Dreamliner family. Onc...

Aeroflot Seeks to Exit Deal for 22 Boeing 787 Dreamliners

Aeroflot, Russia's biggest carrier, is trying to get out of an agreement to buy Dreamliners from Boeing Co. as it seeks planes and routes from a debt-saddled airline and the market struggles in recession. "We're trying to exit the deal," Chief Executive Officer Vitaly Savelyev said in an interview on Rossiya 24 television. "Boeing didn't deliver them on time and we do...

Shandong Airlines Forecasts Up to 700 Million Yuan Net Profit from Jan.-Sep.

Air China's subsidiary Shandong Airlines (SC) predicted that the net profit for the first three quarters is expected to increase by 66.04%-102.94% year on year, according to the airlin's earning forecast issued yesterday evening. The Jinan-based carrier forecast its net income for the third quarter of 2015 would reach between 359.51-487.59 million yuan. The net profit from Jan...

AerCap Leased, Purchased and Sold 70 Aircraft in the Third Quarter 2015

Amsterdam, The Netherlands; October 14, 2015 – AerCap Holdings N.V. (“AerCap,” NYSE: AER) today announced its major business transactions during the third quarter 2015: Signed lease agreements for 46 aircraft, including 12 widebody and 34 narrowbody aircraft. Purchased 7 aircraft, including 1 Boeing 787-8, 1 Boeing 787-9, and 5 Boeing 737-800s. Executed sale and...

Delta reports 3Q adjusted net income of $1.4 billion

Adjusted pre-tax income(1) of $2.2 billion, an increase of $547 million year over year on a similar basis. - Adjusted earnings of $1.74 per diluted share. - On a GAAP basis, pre-tax income of $2.1 billion and earnings of $1.65 per share. - Returned $532 million to shareholders through dividends and share repurchases. Delta Air Lines today reported financial results for theSeptember 2015...

JetLease Capital completes CJ2 loan

JetLease Capital has arranged and completed a $2 million loan for a Cessna Citation CJ2 business jet. The jet will be based in the Midwest United States. The transaction was structured as a 7 year term loan, 15 year amortisation, 80% LTV. The client is a high net worth individual/entrepreneur engaged in the real estate industry. JetLease Capital is based at the West Palm Beach Flor...

Chinese Group HNA Wants to Buy Famous French Tour Operator

One of the largest French tour operators, FRAM group, announced Tuesday that it received a "firm offer for the acquisition of its shares" made by the Chinese group HNA and its French partner Selectour Afat. This is another big case of investment by Chinese business in France in the tourism sector, following the acquisition of Club Med by Fosun, and Louvre Hotels by Jin Jiang. FRAM...

AVIC Aircraft Forecasts 116-140 Million Yuan Loss for First Three Quarters

AVIC Aircraft Company Limited expects to suffer a loss of up to 61.67 million yuan in the third quarter, compared with the net profit of 123.34 million yuan in the same period last year, the Chinese aircraft manufacturer said on Tuesday night in its third-quarter earnings forecast. Net loss for the nine months ended September 30 will be 116-140 million yuan, compared with the net profit of...

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Essential news

AerCap orders 100 additional Airbus A320neo family aircraft

AerCap has signed a firm order with  Airbus for 23 A320neo and 77 A321neo aircraft. This transaction underscores AirCap’s strategy of investing in the world's most in-demand, fuel-effic...

iOS Apps development in Riga, Latvia

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MTU Maintenance Lease Services invests in TRecs to digitalise engine transition management

MTU Maintenance Lease Services, the engine leasing and asset management arm of MTU Maintenance, announced a strategic minority investment in TRecs . TRecs is a platform digitalising Open Ite...

WingsLeasing signs dry lease agreement with University of Nebraska-Kearney flight school

WingsLeasing announced the signing of a dry lease agreement of seven Tecnam P-MENTOR aircraft for the University of Nebraska-Kearney flight training program, marking a significant step forward in resh...

Emirates breaks ground on US$ 5.1 billion ultra-modern engineering facility at Dubai South

Emirates has broken ground on its new US$ 5.1 billion engineering complex at Dubai South slated to become the world’s most modern and advanced MRO facility, cementing Emirates' and Duba...

AURA AERO scales up: Series B completed, first firm orders, and two industrial sites to be built in France and the U.S.

AURA AERO is entering a new phase. Thanks to a new €50 million funding round, grants secured in France and Europe, and financial support from the State of Florida for its U.S. plant, AURA AERO ha...

Aviation Capital Group orders 50 Boeing 737 MAX aircraft

Boeing and Aviation Capital Group LLC announced the airplane lessor has placed a new order for 50 737 MAX jets, including 25 737-8 and 25 737-10 airplanes. The acquisition of 50 additional jets i...

AerCap orders 100 additional Airbus A320neo family aircraft

AerCap has signed a firm order with  Airbus for 23 A320neo and 77 A321neo aircraft. This transaction underscores AirCap’s strategy of investing in the world's most in-demand, fuel-effic...

Vertical Aerospace insiders increase their shareholding in EVTL by 50% in November

16 members of Vertical Aerospace Board of Directors and senior leadership team completed open-market purchases of the Company’s ordinary shares over a two-week open trading window period in Nove...