Finance news

Latest Finance news

Gulfstream officially acquires NORDAM G500 and G600 nacelle line

Dassault Systèmes to Acquire Exa Corporation

Strengthens Simulation Portfolio with Next Generation Fluid Dynamics Capabilities on the 3DEXPERIENCE Platform Proven Technology and Industrialized Solutions Available to Customers in All Industries Companies’ Complementary Strengths Expand Power of Digital En...

AviaAM Financial Leasing China delivers brand new Boeing 737 to Okay Airways

AviaAM Leasing, a global aviation holding company engaged in commercial aircraft acquisition, leasing and sales, has announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has recently delivered a brand...

Virgo Investment Group Partners with ex-CIT Aerospace Executives to Expand its Aviation Business

Virgo Investment Group (“Virgo”) announced that it is expanding its aviation business via Zephyrus Aviation Capital (“Zephyrus” or the “Company”). Several former CIT Aerospace executives have partnered with Virgo to transform Zephyrus into a full-service platform and the Company is completing a large portfolio acquisition. Zephyrus is a fleet manag...

Rostec Suggests Using Automobile Leasing Scheme to Renew Russian Helicopter Fleet

Rostec has suggested implementing the Government's idea to replace helicopters older than 25 years in Russia based on the leasing scheme. The measures can be supported by the state program facilitating purchase of new aircraft for air carriers. The suggestion was announced by Director of the Aviation Cluster of the state corporation Anatoly Serdyukov. The Russian fleet of civilian helicopte...

Vista Global acquires XOJET, strengthening its global presence with 115 owned business jets

Vista Global acquires XOJET’s fleet and commercial operations Acquisition of XOJET’s business aviation services reinforces Vista Global’s market position in North America Vista Global’s technology and worldwide reach to expedite growth at XOJET Vista Global’s asset lite solutions to fly point to point, anywhere, anytime, are now offered by two compleme...

THOMAS FLOHR LAUNCHES VISTA GLOBAL TO CONSOLIDATE FRAGMENTED BUSINESS AVIATION MARKET, SUPPORTED BY A FURTHER $200M INVESTMENT

Vista Global Holding is set to consolidate the business aviation industry Endorsed by further $200m investment from global private equity firm Rhône Group Headquartered at the Dubai International Financial Centre (DIFC) The fully integrated group will offer global, all-encompassing, asset- lite services for every customer: For guaranteed access to aircraft: VistaJet’s Pr...

Safran : Very strong results for the first-half 2018 - Full-year 2018 outlook raised significantly

Adjusted data Revenue at Euro 9,506 million (including a contribution of Euro 1,516 million from Zodiac Aerospace), up 23.9% on a reported basis and up 10.1% on an organic basis Recurring operating income at Euro 1,386 million (including a contribution of Euro 129 million from Zodiac Aerospace), up 32.6% on a reported basis and up 20.3% excluding Zodiac Aerospace CFM56-...

Rotortrade announces solid results for the first half of 2018

The international helicopter dealer and distributor Rotortrade continues its strong growth with 12 deliveries and 9 backlogs across manufacturers, class and mission for the first half of the year. The company has also secured new exclusive mandates for 16 helicopters for the same period. Rototrade has signed 3 new Network Agreements with Mode Aviation in Guatemala, Gualter Helicopteros in Brazi...

Laudamotion Announces New 2019 Aircraft, New Livery, New Offices And Pay Rises Following Ryanair 75% Purchase

Laudamotion, Austria’s No. 1 low fare airline, announced that it would double its Airbus fleet from 9 to 18 aircraft in Summer 2019 following the completion of Ryanair’s purchase of 75% shareholding in Laudamotion GmbH from Niki Lauda in August. Laudamotion also announced a series of initiatives to support Laudamotion’s continued growth, which include: Confirmed del...

Garmin acquires FltPlan.com, leading electronic flight planning and services provider

Garmin Ltd. announced that it has acquired Flight Plan LLC (FltPlan), a privately held provider of electronic flight planning, scheduling, and trip support services, including the popular website FltPlan.com and mobile application FltPlan Go. FltPlan is one of the largest flight planning companies in the world, creating more than 6.3 million flight plans annually. With 19 years of experien...

The world‘s largest insurance and finance group Ping An – a new strategic partner for AviaAM Financial Leasing China

Air Astana demonstrates strong traffic and revenue growth in the first half of 2018

Air Astana recorded a 10% increase in passenger traffic and a 17% uptick in revenues in the first half of the year compared with the corresponding period of 2017. Between January and June 2018, the airline carried more than two million passengers. The traffic growth was driven by the strong performance on international passenger traffic that is up 22% compared to the same period in 2017....

Strategies to Support Sustained Airline Financial Health

The International Air Transport Association (IATA) announced that the 2018 World Financial Symposium(WFS) will feature a strong focus on partnership strategies to accelerate delivery of transformation supporting sustained airline financial health. 2018 will mark the ninth consecutive year of industry profits and the fourth year in which airlines will make an aggregate return exceedin...

Ryanair Announces $200m Investment In London Luton With 2 New Based Aircraft

Ryanair, Europe’s No.1 airline announced an investment of $200 million at London Luton airport with 2 new based aircraft (6 aircraft in total) for its winter 2018 schedule and added 6 new routes to Alicante, Athens, Barcelona, Bologna, Cork and Malaga and more flights on its existing Vilnius route. Ryanair’s winter 2018 London Luton schedule will now deliver a total of 21 routes w...

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