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AWAS orders 15 A320 Family aircraft

Aviation Finance Company reaches $6.5 billion of financing with eight sale-leaseback for Emirates

Aviation Finance Company (AFC), a Stellwagen Group company headquartered in Dublin, has now completed over $6.5 billion of financing with the sale and leaseback of its eighth A380-800 to Emirates. This will be the second A380 that will be owned by Stellwagen. Since its foundation three years ago,...

Sberbank and Volga-Dnepr Group sign strategic cooperation agreement

Sberbank and Volga-Dnepr Group entered into a strategic cooperation agreement at the St. Petersburg International Economic Forum. The document was signed by Maxim Poletaev, First Deputy Chairman of the Executive Board of Sberbank, and Alexey Isaikin, President of Volga-Dnepr Group. According to t...

Plane-Seat Supplier Zodiac Jumps as Airbus A350 Logjam Eases

Zodiac Aerospace shares rose as much as 13 percent Wednesday after the biggest supplier of seats to Airbus Group SE said a logjam in the production of premium berths for the manufacturer’s latest A350 model is beginning to ease. Zodiac, which has struggled to meet Airbus and Boeing Co. delivery schedules for two years after taking on too much work, has achieved certificatio...

Qantas completes $500 million share buyback, eyes further shareholder returns

Qantas is looking ahead to potentially returning further capital to shareholders after concluding a $500 million share buyback. In a regulatory filing to the Australian Securities Exchange on Tuesday, Qantas said its $500 million share buy back program bought back 143.6 million shares for a weighted average price of $3.4819 per share since the program began in March. The highest price paid w...

Airbus raises $2.69 bln from Dassault stake sale

Airbus Group SE Friday said it raised EUR2.38 billion ($2.69 billion) through the sale of its remaining 23.6% stake in French Rafale combat jet maker Dassault Aviation SA. For over a year Airbus has been reducing its stake in Dassault Aviation, which it held as part of the formation of the European plane maker. It began the gradual disposal in 2014 and sold an 18.75% holding last year, leaving...

Emirates repays two bonds in full totalling more than USD $1.1 billion

Emirates Airline announced today that it has repaid a bullet bond in full for the value of USD $1 billion (AED 3.673 billion) on its maturity date of 8 June 2016. The USD $1 billion bullet bond was raised in 2011 to address Emirates’ working capital requirements. Emirates will also be repaying a bond totalling SGD 150 million later this month, which was ori...

Gulf Air Reduces Losses by 88% in the Three Years

Gulf Air, the Kingdom of Bahrain’s national carrier, has posted its 2015 financial and operational results, revealing a fall of almost BHD40 million in the airline’s annual losses from BHD62.7 million in 2014 to BHD24.1 million in 2015 – equivalent to a landmark 62% reduction. Commenting on the airline’s record 2015 annual results H.E. Shaikh Khalid bin Abdulla Al...

AVIC buys London-based aircraft cabin interior supplier

With AIM purchase aviation firm continues program of snapping up niche specialists Chinese aviation firm AVIC International Holding Corp has completed the acquisition of AIM Altitude, a Britain-based aircraft cabin interior supplier, for an undisclosed amount, from the London based private equity firm TowerBrook. AIM Altitude, based in Bournemouth in southern England, has three production ba...

AirAsia has had $1 billion takeover offer for leasing unit: report

Asia's largest budget airline AirAsia Bhd has received a $1 billion offer for its aircraft leasing unit, Bloomberg News quoted Chief Executive Tony Fernandes as saying. AirAsia intends to divest the business, Asia Aviation Capital Ltd, at some point, Fernandes told Bloomberg on Monday but added that the offer needs to be discussed further with the board. He was quoted as saying that the...

Chinese, Japanese suitors eye $4 billion sale of CIT plane leasing unit: sources

U.S. lender CIT Group Inc has kicked off the sale of its aircraft leasing assets by inviting more than a dozen entities to consider bidding, including China's HNA Group, Industrial and Commercial Bank of China's ICBC Leasing, and Japan's Orix Corp, sources familiar with the matter said. The sale of CIT's Commercial Air unit could fetch between $3 billion to $4 billion,...

Etihad Aviation Group and Partners boost financing platform strategy to US$1.2 Billion

Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles and Alitalia have successfully raised a further US$500 million in a second platform financing transaction, following the success of last year's award-winning bond which raised US$700 million. A roadshow was announced on Monday 16 May 2016 to a positive response from the international financial community, followed...

P.E.I. offers only rebate specific to aerospace sector

Ask any aerospace company on P.E.I. what attracted them to the Island and somewhere in the answer will be P.E.I.'s Aerospace Tax Rebate program.Take for example MDS Coating based at Slemon Park, which develops and manufactures coatings primarily for gas turbine engines. They moved to P.E.I. in 2003. "We had offices in Ottawa and Montreal and they weren't big enough to accommod...

Ryanair Full Year Profit Rises 43% To €1,242M

Ryanair, Europe’s No.1 airline, today (May 23) reported full year profits of €1,242m, a 43% increase on the prior year. Traffic grew 18% to 106m as load factor jumped 5% points to 93%. Ave. fare dropped 1% to €46 as unit costs fell 6% (ex-fuel down 2%) in Year 2 of its Always Getting Better (“AGB”) programme. Ryanair’s Michael O’Leary, said: “FY16...

Private jet booking platform Stratajet lands $8m in funding

Private jet booking platform Stratajet has announced the closure of a $8m funding round led by Octopus Ventures. The round, which also drew support from existing investors Playfair Capital and JamJam Investments, brings the company’s total funding to $14m. According to a statement, the money will allow the London headquartered company to invest in further development. Jonny Nicol, f...

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