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Air Arabia Plans for More Destinations and a Bigger Fleet

The aviation industry is one where the potential for profit is great, but it is also extremely competitive and faces some serious challenges in the short to medium term. Whilst areas like private jet charter are growing, there are issues with capacity and companies must box clever if they are to exp...

XTI Aircraft on Schedule with Development of Flying Prototype

XTI Aircraft Company (XTI) announced it is on schedule and on budget as it completes the ducts and fans for its 60% scale flying prototype of the TriFan 600 aircraft and moves toward ground testing those components. “In this Phase 2,” explained Robert LaBelle, Chief E...


Step forward in financial strategy, revolving credit facility renegotiated

Significant reduction of margins, down 25bp, and positive effects expected on the financial charges Size reduced, down to €1.8bn, and duration extended to 2023  ​ Leonardo signed a new Revolving Credit Facilities with a pool of domestic and international banks. The RCF envisages the payment of a spread of 75 basis points above Euribor, 25 basis point l...

Boeing HorizonX Invests in Advanced Battery Technology Startup Cuberg

High-energy battery could accelerate the electrification of transportation Boeing announced its investment in Berkeley, Calif.-based Cuberg, Inc., a startup founded by former Stanford University researchers developing next-generation battery technology for potential aerospace and industrial applications. Cuberg developed an advanced battery cell that is designed to be a d...

Magnetic MRO continues to grow with a new strategic investor

Magnetic MRO, a global Total Technical Care maintenance and asset management organisation, has announced change in its shareholder structure. Its major shareholder, a private equity firm BaltCap, together with minority shareholders, are selling 100% of the shares in Magnetic MRO to Guangzhou Hangxin Aviation Technology (“Hangxin”). Magnetic MRO has grown over the past 5 ye...

SmartLynx signs wet lease agreement with German leisure airline Condor

In December 2017 SmartLynx Airlines Ltd. signed a long-term wet lease agreement for 2018 with the German leisure airlines Condor Flugdienst GmbH. According to the agreement between SmartLynx and Condor, SmartLynx will wet lease to CONDOR an Airbus A321 with Latvian Registration mark YL-LCQ /MSN 2211 from 7 January to 31 March 2018. The aircraft will operate from the base in Munich Air...

Diamond Aircraft Group acquired by Wanfeng Aviation Industry

Diamond Aircraft Industries GmbH (Austria) and Wanfeng Aviation Industry Co., Ltd., are delighted to jointly announce the completion of the acquisition of Diamond Aircraft Group by Wanfeng Aviation Industry Co., Ltd. This acquisition assures the continued long term future of the Diamond brand, with plans to increase global sales volume, expansion of the distribution and support networks, and conti...

Boeing Board Raises Dividend 20 Percent, Establishes $18 Billion Share Repurchase Authorization

The Boeing board of directors declared the company's quarterly dividend will increase 20 percent to $1.71 per share. The board also replaced the existing share repurchase program with a new $18 billionauthorization. "Boeing's strong and growing cash flow allows us to deepen our commitment to provide competitive returns to our shareholders, while continuing to in...

Rolls-Royce obtains final approval for acquisition of ITP

Rolls-Royce has obtained the approval of all the relevant authorities for the acquisition of the outstanding 53.1% shareholding in Industria de Turbo Propulsores SA (“ITP”) owned by SENER Grupo de Ingeniería SA (“SENER”). Approval from the authorities in Spain paves the way for Rolls-Royce to conclude the acquisition, which was originally announced on 11 July 2016....

GECAS Takes Delivery of Its 394th – and Last – Next-Generation 737

Culminating a 20-year history of new orders for the type, GECAS has received its 394th and final skyline order of Boeing’s Next Generation 737. Just over a month prior to Boeing delivering its first 737 MAX to GECAS in January, the lessor took delivery of its final skyline NG order last week. With an initial order placed in 1996, GECAS’ NG orderbook accounts for roughly one of...

Boeing Forecasts Stable Growth and Funding Diversification for Aircraft Financing in 2018

Approximately $139 billion in new aircraft funding needed in 2018, up $17 billion from 2017 Innovations in aircraft finance bolster customer choices in a healthy financing market Boeing anticipates diverse markets and participants will continue the upward trend in availability of efficient financing for record new aircraft deliveries in the next year. Now in its tenth year, the annua...

VistaJet achieves highest third quarter revenue in its history

Record results as company continues to gain market share across all markets Program Membership flights up 38% year-over-year Record number of Program Membership hours flown, up 32% year-over-year 25% of Program Membership growth from North American market EBITDA grew 24% year-over-year VistaJet, the first and only global business aviation company, is delighted to announce record r...

Irelandia Aviation launches AerDrone International

Irelandia Aviation (Irelandia), the investment group behind several low cost airline carriers, has today (26 November 2017) announced the establishment of a new division, AerDrone International, a platform dedicated to commercial drone leasing. AerDrone International will be based in Dublin which is now well established as a global leader in aviation finance and leasing. AerDrone International...

Is the current investment climate in aviation favourable for new IPOs?

Being shocked by a number of bankruptcies, for around 7 years the global aviation industry had been subject to diminished enthusiasm from investors. However, since 2016, record-low aviation fuel prices have led to more green on the airlines’ balance sheets, growing cash flows in the market and an increasingly positive outlook on the future of the industry in general. Does this mean that we s...

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Essential news

65 A320neo Family aircraft ordered by SMBC Aviation Capital

Leading aircraft lessor SMBC Aviation Capital has boosted its total order book for the A320neo Family to 181 aircraft after signing a firm order for an additional 65  A320neo Family aircraft (15...

Record Activity and Growth in 2018 of CDB Aviation, Executing Transactions for 107 Aircraft

CDB Aviation announced a record year for 2018, in which the company executed transactions involving 107 aircraft, rapidly accelerating business to support the continued growth of its industr...

Embraer and Boeing Welcome Brazilian Government Approval of Strategic Partnership

 Embraer and Boeing have welcomed approval by the Government of Brazil of the strategic partnership that will position both companies to accelerate growth in global aerospace marke...

Top of the week

65 A320neo Family aircraft ordered by SMBC Aviation Capital

Leading aircraft lessor SMBC Aviation Capital has boosted its total order book for the A320neo Family to 181 aircraft after signing a firm order for an additional 65  A320neo Family aircraft (15...

Record Activity and Growth in 2018 of CDB Aviation, Executing Transactions for 107 Aircraft

CDB Aviation announced a record year for 2018, in which the company executed transactions involving 107 aircraft, rapidly accelerating business to support the continued growth of its industr...

How ROI turns into lost profit for aircraft investors

2019 kicked off with a $1bn investment of a US private equity giant KKR into the passenger and freight aircraft leasing business. The deal reflects the ever-growing interest of investment entities tow...