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Latest Finance news

$550 Million Investment to American Airlines Tulsa Maintenance Base

2019 was a record year for Cirrus Aircraft

A record year of growth and expansionfor Cirrus Aircraft, marked by the award-winning Vision Jet™ becoming the world’s best-selling jet in general aviation. Deliveries of the Vision Jet surpassed 80 aircraft in 2019, representing a 29% increase over the prior year, while consistent growt...

NAC to be first customer for Dash 8-400 classic overhead bin extension

Nordic Aviation Capital will be the launch customer for the Classic Overhead Bin Extension Solution for the Dash 8-400 aircraft. Under this agreement, De Havilland Canada will be the exclusive supplier of all future Dash 8-400 aircraft classic bin extension modifications for Nordic Aviation Capital&...

One more acquisition of Avia Solutions Group - Aviator

The portfolio of Avia Solutions Group became larger, as an angreement is signed to acquire Aviator, a full-range aviation services provider for the Nordic region, from the investment fund Accent Equity 2008 L.P. “As the newest member of the ASG family, Aviator will further strengthen our presence in the European markets and expand the network of Avia Solution Group’s&nbs...

Norwegian achieves cost-reduction target

Norwegian reported its full year and fourth quarter 2019 results. Year on year, unit revenue increased in nine consecutive months, driven by maturing routes and the optimization of Norwegian's global route network. The punctuality has improved considerably during the past six quarters, and in the fourth quarter 2019 it was up 3.1 percentage points to 82.6 percent. Figures were negatively im...

New financial products from Russian Helicopters at Singapore Airshow 2020

Russian Helicopters and its partners presented financial products for foreign customers of Russian-made helicopter equipment at Singapore Airshow 2020. A specialized multimedia presentation at the company's stand demonstrates opportunities for receiving financial support for helicopter technology purchases. The multimedia stand both allows show participants to learn about the l...

Airbus and the Government of Québec become sole owners of the A220 Programme

Airbus SE, the Government of Québec and Bombardier Inc.have agreed upon a new ownership structure for the A220 programme, whereby Bombardier transferred its remaining shares in Airbus Canada Limited Partnership (Airbus Canada) to Airbus and the Government of Québec. The transaction is effective immediately. This agreement brings the shareholdings in Airbus Canada, responsibl...

Leonardo acquires Kopter to extend helicopter market leadership

Leonardo has signed a contract with Lynwood (Schweiz) AG to acquire 100% of Kopter Group AG. This move allows Leonardo to further strengthen its worldwide leadership and position in the rotorcraft sector; leveraging innovation, new capabilities and engineering skills which have been developed by the young, agile Swiss Company. Kopter’s SH09, a new single engine helicopter, is a perfect fit f...

Leasing hometown Dublin welcomes MTU Maintenance new office

An announcement was made at Airline Economics Growth Frontiers conference by MTU Maintenance - from now there is a new office opened in the heart of aviation leasing community birthplace Dublin. Located in the Victorian quarter, the office is being run by leasing experts Eileen Guerin, Vice President Commercial Ireland, and Des Clarke, Vice President Technical and Strategy Ireland, on be...

Magnetic Leasing first contract landing gear lease - Ryanair

Magnetic Leasing has signed a deal with Ryanair, Europe’s largest airline, for a landing gear lease. The agreement covers an 8 month lease period during which the landing gear will be used on different aircraft based on the carrier’s demand. Magnetic Leasing has already delivered its landing gear to Ryanair’s maintenance base at London Stansted...

SCALE Aviation - new financing and liquidity player on aviation market

Credit Suisse established a new wholly-owned subsidiary, SCALE Aviation. Headquartered in Dublin, Ireland, SCALE will focus on supporting Credit Suisse’s clients in driving increased aviation investment and facilitating seamless execution of aviation transactional activity. Credit Suisse's establishment of SCALE is a complementary extension of our existing Global Markets Securitized...

Toyota became lead investor to develop and produce Joby Aviation eVTOL aircraft

Toyota is exploring a new flight path for mobility through a new collaboration with Joby Aviation, an aerospace company that is developing and commercializing all-electric eVTOL aircraft to enable the deployment of fast, quiet and affordable air transportation services. The collaboration reflects Toyota's recognition of the long-term potential of the urban air mobility market to meet the...

The most advanced transportation method to healthcare raises strategic investment

A strategic investment was announced by Matternet, a pioneer in drone delivery for medical applications. The round of funding will provide Matternet with access to a broad set of opportunities in the U.S. healthcare logistics market and accelerate existing partnerships in key international markets. McKesson Ventures joins Matternet's roster of strategic investors Boeing, Sony an...

Textron Aviation adds three company-owned Service Centers in APAC

To strengthen its Asia Pacific service offering, Textron Aviation acquired Premiair Aviation Maintenance, an Australian MRO service provider. Previously named an Authorized Service Facility, Premiair now joins the Textron Aviation company-owned global support network to service Beechcraft, Cessna and Hawker products at service center locations strategically located throughout Australia. “...

2019 for Airbus - strong commercial aircraft performance

Airbus SE delivered 863 commercial aircraft to 99 customers in 2019, outpacing its previous output record set in 2018 by eight percent. In the 17th yearly production increase in a row, Airbus progressed on the transition to all NEO variants and by year end Airbus had delivered 173 wide-body aircraft, its highest number in a single year. In 2019, deliveries compris...

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