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JPMorgan reaped $150 million dividend from Henry Bath before sale: filing

JPMorgan Chase & Co reaped a $150 million dividend from its metals storage business Henry Bath & Son before selling its physical commodities business last October, as the firm reported its first loss in over a decade, a filing on Thursday showed. A review of filings to the UK business reg...

Beijing Issues Bond to Finance New Airport

Lawmakers in Chinese capital Beijing approved Friday government plan to issue additional bonds worth 6.7 billion yuan (US$1 billion) to finance the building of the new airport. Around 4 billion yuan of the bonds will be used to support land expropriation and housing demolition in the project...


Wizz Air secures financing for six Airbus A321ceos

Fast-growing Hungarian low-cost carrier Wizz Air signed an agreement with China Development Bank’s CDB Leasing  to finance six Airbus A321ceos. The deal includes the carrier’s first two A321s scheduled for delivery later this year. “We’ve developed a strong relationship with CDB Leasing as they continue to support our growth, now financing the fi...

CDB Leasing, EIBC Sign Financing Agreement

CDB Leasing Co., Ltd. signed a financing framework agreement with the Export-Import Bank of China (EIBC) at the 4th China Air Finance Development (DFTP) Summit in Tianjin on Thursday. The signing ceremony was attended by Huang Min, Vice President of CDB Leasing and General Manager of the Transport and Finance Department of EIBC, Li Zhongyuan. CDB Leasing is a leading financial leasing company c...

GE Capital Aviation Services and Frontier Airlines Sign Purchase-and-Leaseback Deal for Nine New Airbus A321 Aircraft

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it signed a purchase-and-leaseback agreement with Frontier Airlines for nine new Airbus A321 aircraft. Delivery of the first new aircraft is scheduled for October 2015 with the remaining new deliveries scheduled in 2015 and 2016. All nine aircraft are powered by CFM56-5B3 engines and a...

U.S. business spending slips, new home sales rise in August

U.S. business investment fell slightly in August, excluding spending on aircraft and defense equipment, but new home sales rose, suggesting that global economic headwinds were doing little to impede U.S. growth. The U.S. economy is on track to grow 1.4 percent in the third quarter, the Atlanta Federal Reserve's GDPNow forecast model showed on Thursday. The Commerce Department said capita...

Fitch Downgrades United Technologies IDR to 'A-'; Outlook Stable

Fitch Ratings has downgraded United Technologies Corporation’s (UTC;NYSE: UTX) long term Issuer Default Rating (IDR) and long-term debt ratings to ‘A-’ from ‘A’. Fitch has also downgraded UTC’s short-term IDR and commercial paper ratings to ‘F2’ from ‘F1’. The Rating Outlook is Stable. A detailed list of rating actions foll...

AAR Reports First Quarter Fiscal Year 2016 Results

AAR (NYSE: AIR) today reported first quarter fiscal year 2016 sales of $377.8 million and income from continuing operations of $8.2 million, or $0.23 per diluted share. For the first quarter of the prior fiscal year, the Company reported sales of $395.1 million and income from continuing operations of $11.8 million, or $0.29 per diluted share. During the quarter, the Company recorded...

Two Chinese Suitors Exploring Takeover of Jet Lessor AWAS

AWAS Aviation Capital Ltd., the lessor being sold by buyout firm Terra Firma Capital Partners, has drawn interest from two Chinese suitors in an auction that could fetch more than US$5 billion, people familiar with the matter said. ICBC Financial Leasing Co. and Aviation Industry Corp. of China are exploring a takeover of Dublin-based AWAS, said the people, who asked not to be identified becaus...

Air Partner: Interim results for the six months ended 31 July 2015

Air Partner plc (“Air Partner“ or “Group“), the global aviation services group, today reports results for the six months to 31 July 2015. Financial highlights: · Underlying PBT of £2.2m, a year-on-year increase of 100% · Underlying EPS of 17.1p, a year-on-year increase of 26%, lower than the increase in underlying PBT d...

Ryanair To Distribute €398M Aer Lingus Proceeds To Shareholders

Ryanair, Europe’s favourite airline, held its AGM in Dublin this morning (24 Sep 2015), during which the airline briefed shareholders on the continuing success of its “Always Getting Better” (AGB) customer experience programme, which has enabled Ryanair to raise its full year traffic forecast (previously 103m) to 104m customers, and its profit guidance by 25%, (previous...

UAC Management Board approved purchase of 75% share in Red Wings by IFC leasing company

Purchase of 75% share in Red Wings by Ilyushin Finance & Co (IFC) leasing company was approved by the Management Board of United Aircraft Corporation (UAC); now IFC Board of Directors should approve the deal, RIA Novosti reports with reference to some sources familiar with the deal. “UAC Management Board considered the matter related to repayment of Red Wings’ debt owed to IFC,&...

Wizz Air Announces A321 Leases From CDB Leasing

Wizz Air, the largest low-cost airline in Central and Eastern Europe, announced today it has signed an agreement with CDB Leasing (the leasing arm of China Development Bank) to finance six Airbus A321ceo aircraft, including Wizz Air’s first two A321s scheduled for delivery later this year. Terms of the agreement were not released. “We’ve developed a strong relatio...

BBA Aviation Eyes Acquisition Of Landmark

British aircraft services company BBA Aviation is reported to be in talks to acquire US competitor Landmark Aviation, which could be valued at more than USD$2 billion including debt. BBA is participating in a sale process for Landmark Aviation, which is owned by private equity firm Carlyle and has attracted several bidders, including buyout firms. Landmark Aviation has been exploring a sale...

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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...