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Latest Finance news

DB Schenker invests as Volocopter extends Series C Round to € 87 million

Aviation finance and Covid-19: hard time for air transport

The Covid-19 pandemic and disease-containment measures by governments, most drastically the US ban on flights from most of Europe, will shake up the aviation finance sector as airlines struggle to conserve cash amid a collapse in international traffic. Scope Ratings says the rising risk of airl...

Create connections - Gillis Aerospace and Böllhoff Group

Gillis Aerospace has opened its capital to Böllhoff Group. With this cooperation, Böllhoff aims to further expand its presence in the aerospace market sector. “The Böllhoff Group has for nearly 70 years supplied proven products and reliability to fulfil the demands of the aerospace i...

Wingcopter secures further Investment from Corecam

Only three months after its initial funding, Corecam Capital Partners has increased its investment in Wingcopter in a second closing. In December, the multi-family office from Singapore participated in a seed round with several million euros in the German start-up, which develops and sells transport drones for humanitarian and civil applications. The reason for the decision is the great c...

Big deal - BAA Training and L3Harris Technologies

BAA Training and L3Harris Technologies have signed a multimillion-dollar contract under which BAA Training will acquire nine RealitySeven full flight simulators. BAA Training becomes the first ever independent aviation training centre to make such a significantly sized order. Fulfilling its global expansion plan, BAA Training shall put into operation nine full flight simulators from...

Wheels Up acquires Gama Aviation

Without disclosing financial terms of the transaction, the essecntial is quiete clear - Wheels Up has acquired Gama Aviation LLC, becoming owned and managed fleet of over 300 planes. The transaction closed on March 2, 2020. Gama Aviation Signature has been the exclusive operator of the Wheels Up fleet of King Air 350i, Citation Excel/XLS and Citation X aircraft since...

$550 Million Investment to American Airlines Tulsa Maintenance Base

American Airlines will invest $550 million in its largest Base Maintenance facility in Tulsa. It is an integral part of operating the carrier’s fleet of nearly 1,000 mainline aircraft safely and reliably. Tech Ops – Tulsa is home to more than 5,500 team members — 600 of those positions were added in 2019 — and conducts nearly half of the...

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 growth in SR Series deliveries resulted in a combined total of 465 aircraft shipments in 2019. With 384 a...

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's fleet. The cost-efficient and environmentally friendly solution provides additional stowage vo...

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...

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Essential news

Avolon places landmark order for 110 Airbus A320neo and A330neo aircraft

Avolon, one of the world’s leading aviation finance companies, has reinforced its long-term growth strategy with a firm order for 110 Airbus aircraft, including 35 A330-900 widebodies and 75 A32...

Top of the week

airBaltic files first monthly operating reports with U.S. court and publishes preliminary unaudited financial information

Air Baltic Corporation AS , Latvia’s national airline and the leading carrier in the Baltic States, announced that airBaltic and its subsidiaries participating in the voluntary Ch...