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Spirit Aero's quarterly revenue hurt by lower deliveries to Boeing

Aircraft parts maker Spirit AeroSystems Holdings Inc reported a lower-than-expected quarterly revenue on Wednesday as its biggest customer, Boeing Co, faces slowing demand for jetliners. Spirit's shares were down 4.59 percent to $57.30 in morning trading. Quarterly revenue was hurt by lowe...

Rietumu Banka is the General Sponsor of the ‘Wings of Business’ Award

Rietumu Banka, one of the largest banks in the Baltics States, specialized in corporate banking and affluent individuals, announced its sponsorship of the ‘Wings of Business’ Awards, Russia’s national award in the field of business aviation. Within a decade business aviation wor...


JR Technologies and IATA Join Forces to Deliver Innovative Payment Solutions

JR Technologies has entered into an agreement with the International Air Transport Association (IATA) to design, develop, host, and operate the IATA Financial Gateway (IFG) payment solution - a turn-key information technology solution by IATA that will simplify the travel services suppliers shopping-to-cash process. IFG introduces a universal payment gateway allowing members to manage and optimize...

Brexit poses a threat to Ireland’s aircraft-leasing business

THE glass office blocks of Dublin’s docklands still stand proud; the banks that built them no longer do. The financial crisis of 2008 took down Ireland’s six biggest lenders. Within five years Dublin slid from being rated by Z/Yen, a London-based business think-tank, as the world’s tenth-best financial centre to its 70th. Britain’s readiness to leave Europe’s single m...

Embraer Announces Pricing Of Us$750,000,000 Notes Due 2027 Offering

Embraer S.A. hereby announces that it has priced an offering of US$750,000,000 notes due 2027 with yield of 5.400% per annum, issued through its wholly-owned subsidiary Embraer Netherlands Finance B.V. The notes will be fully and unconditionally guaranteed by Embraer. The notes have been registered under the U.S. Securities Act of 1933 and are expected to be listed on the New York Stock Exchange....

Rolls-Royce Launches LessorCare – A Pioneering Service For Lessors

Rolls-Royce is launching LessorCare, a pioneering new service tailored specifically to the needs of lessors. LessorCare, part of the wide range of services offered by Rolls-Royce, addresses lessors’ needs for a simple and flexible service offering. It draws together a range of services under one comprehensive framework, while still allowing lessor customers the opportunity to adapt the le...

Safran and Zodiac Aerospace, a new global leader in aerospace

Agreed Public Cash Offer by Safran of €29.47 per Zodiac Aerospace share and subsequent merger on the basis of 0.485 Safran share (ex-special dividend) for one Zodiac Aerospace share with pre-closing €5.50 per share special dividend to Safran’s shareholders. Unique combination to enjoy global leadership positions across the whole aircraft value chain with a comprehensive range of...

Fastjet raises $28m and welcomes new majority shareholder in bid to stabilise turbulent business

Struggling airline Fastjet has tapped its investors for $28m and signed up a new shareholder in an attempt to stabilise a business that has been rocked by losses and boardroom turbulence. The Africa-focused budget airline has raised gross proceeds of $28.8m after successfully placing 143m new shares. It has also agreed a deal with specialist aviation group Solenta for the provision and...

AIR FRANCE - KLM finalizes the transaction to sell 49.99% of the Servair share capital

Air France-KLM finalizes the transaction to sell 49.99% of the Servair share capital and transfer its operational control to airline catering company gategroup. Following the acquisition of gategroup by HNA on 22 December 2016, Air France and gategroup yesterday finalized the agreement for the sale to gategroup of 49.99% of the Servair share capital and the transfer of its operat...

Zetta Jet announces merger with Advanced Air Management and Asia Aviation Company

Zetta Jet, the fast-growing private jet operator based in Singapore, announced it has signed a definitive agreement on a merger with Advanced Air Management, a leading private aviation management company and Asia Aviation Company Pte Ltd, Singapore’s first locally-based and dedicated private aviation company. The acquisition will further advance Zetta Jet’s promise to deliver the ultim...

Lufthansa issues 1.2 billion euro promissory note

For the second time this year, Deutsche Lufthansa AG has placed a large-volume promissory note. The note was issued with maturities of five, seven and ten years. As a result, the group has secured a total of 1.2 billion euros in funding. Approximately half a billion euros of this amount has already been paid out in December 2016; Lufthansa will receive the remaining funds in January 2017. The f...

Bombardier Announces 2017 Guidance, Targeting Strong Earnings Growth and FCF Improvement

Targets EBIT growth before special items(1) of approximately 50%, to $530 million - $630 million Anticipates year-over-year free cash flow usage(1) improvement by approximately $400 million, to $750 million - $1.0 billion Expects low single digit revenue growth Affirms revised 2016 guidance and 2018-2020 financial objectives All amounts in this press release...

Air Partner continues to fly high with acquisition of Clockwork Research

Air Partner, the global aviation services group, has acquired Clockwork Research, a leading Fatigue Risk Management consultancy. The company was founded in 2005 by Paul Jackson PhD MSc BSc and Alexandra Holmes PhD BSc Hons and has grown to become a recognised leader in the specialist area of Fatigue Risk Management Systems. Based in London, the company's core team of specialists is supporte...

Boeing Forecasts Increased Funding Needs Utilizing Diverse Sources for 2017 Aircraft Financing

Financing industry to provide approximately $126 billion in aircraft funding in 2017, up $4 billion from 2016 Healthy leasing market, variety of financiers and investors poised to meet most demand Financing environment has helped absorb impact of lack of export credit in the short-term -- history shows this is not sustainable Boeing says strength in the capital markets and innovative...

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Rotortrade reaches 30 Super Puma transactions worldwide

Rotortrade reached another major milestone with the successful completion of its 30th Super Puma transaction over the past decade, further strengthening its leadership in the global pre-owned heavy he...

Samson Sky secures $80 million to launch switchblade flying car production

Samson Sky, developer of the Switchblade Flying Car, announced it has secured an $80 million investment from Dubai‑based Matin Group. According to Sam Bousfield, CEO, Founder...

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...

TrueNoord places firm order for 20 Embraer E195-E2 aircraft and secures purchase rights for up to 30 additional jets

TrueNoord has signed a firm order agreement with Embraer to acquire twenty factory-new E195-E2 aircraft. The agreement also includes purchase rights for up to twenty additional new E195-E2 aircra...

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...

Eve Air Mobility and InvestSP hold summit to accelerate regulation and infrastructure for eVTOL flights in Brazil

Eve Air Mobility in partnership with InvestSP, held a strategic meeting in São Paulo that brought together authorities, representatives from regulatory, environmental and safety agencies,...