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Boeing, GECAS Announce Order for 20 737 MAX 10s

Air Partner’s Tony Whitty comments on the aircraft sales and leasing market

Air Partner’s Remarketing division is seeing high levels of activity in the aircraft sales and leasing market, with some types of aircraft proving particularly popular. Tony Whitty, Head of Aircraft Remarketing & ACMI at Air Partner, comments on what he is currently seeing in the market...

Consolidation of Sheremetyevo International Airport JSC assets completed

May 31, 2017 witnessed the virtual completion of the second stage of the consolidation of Sheremetyevo International Airport JSC assets: the reorganization took place in the form of the merger of Sheremetyevo Airport JSC with Sheremetyevo International Airport...

Leonardo successfully taps Eurobond market with a EUR 600 millon offering

Leonardo successfully tapped the Eurobond market with a EUR 600 million bond issue. The offering, targeted to Italian and international institutional investors, has a 7 year tenor, maturity June 2024 and a fixed-rate coupon of 1.50%. The issue price was 99.147%. Coupons are paid annually in arrears. The notes will be listed on the Luxemburg Stock Exchange. Leonardo, in line with...

AviaAM Leasing reports €80,8 million revenue, profit growth in 2016

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, has announced its financial results of 2016 recording significant increase in business volumes – company’s revenue tripled to €80,8 million, operating profit jumped by 75% from €13,9 million in 2015 to €23,1 million in 2016. Net profit grew from €9,1 million to €16,1 million. The c...

VEB Group’s invested $90mln in the MC-21

VEB Group invested 90 million U.S. dollars in the development of Russia’s first medium-haul passenger jet MC-21, with part of the sum meant as an advance payment for future planes, chairman of Vensheconombank Sergei Gorkov said on Sunday. "VEB Group invested 90 million U.S. dollars in the construction of the first Russian narrow-bodied passenger MC-21 plane. Part of this sum came as...

Leonardo: in the first quarter of 2017 higher orders and improved profitability

New Orders at about EUR 2.6 billion, higher than 1Q2016. Book-to-bill improved at 1.1 Solid and continuous improvement of EBITA (+14%) and EBIT (+16%). RoS at 7.6% Net Result Before Extraordinary Transactions at EUR 78 million, almost 40% higher Significantly improved Group Net Debt at EUR 3.3 billion, thanks to cash-in of the second installment of the advance payment on the EFA Kuwait co...

Mumtalakat invests in FAI Aviation Group

FAI is a leading provider of mission-critical aviation services, based in Germany With 23 aircraft, FAI serves the Insurance- and Assistance-Industry, corporations, Government Agencies and NGOs Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has acquired a significant minority stake in Axtmann Aviation Holding GmbH that operates FAI...

GE Aviation Opens New Brilliant Factory

GE Aviation celebrated in Muskegon the grand opening of its $14.5 million Brilliant Factory – an investment that will stimulate economic growth in the region and where GE is using data and analytics to run its plants more efficiently. For the event, John Bowman, general manager, Supply Chain for GE Aviation joined Senator Debbie Stabenow, State Senator Goeff Hansen, State Representatives...

Pilatus Reports Successful Business Year 2016

With sales revenue of 821 million Swiss francs, performance in financial 2016 was better than expected. Operating earnings totalled 89 million Swiss francs after deduction of Research and Development investment of 101 million Swiss francs. 56 additional jobs were created across the Group as a whole. 117 aircraft were delivered to customers. The PC-24 development programme is proceeding according t...

Air Partner delivers strong full-year profits and good strategic progress

Air Partner plc (Air Partner or Group), the global aviation services group, today reports results for the year ended 31 January 2017. January 2017 January 2016 Change (%) Gross transaction value (£m) 215.8 210.8 2.4 Gross profit (£m)...

Cargolux Group flies profitably through volatile 2016

Cargolux Airlines has proved its qualities once more in the extremely volatile environment of the international air cargo industry. In a year dominated for the major part by worryingly low yields, fierce competition and overcapacity, the airline experienced a robust fourth quarter, one of the strongest in many years. The net profit for 2016 totaled US$ 5.5 million while scheduled freight tonne kil...

IAG Invests in two Hangar 51 start-ups

Following its highly successful Hangar 51 accelerator programme, International Airlines Group (IAG) is to invest in two start-ups: Esplorio and Vchain. More than 450 start-ups applied to join Hangar 51. Following a pitch day, five companies were selected to spend 10 weeks working in IAG’s headquarters. From those five companies, Esplorio and Vchain have been selected to continue workin...

Textron Reports First Quarter 2017 Results

Textron reported first quarter 2017 income from continuing operations of $0.37 per share or $0.46 per share of adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, compared to $0.55 per share in the first quarter of 2016. During this year’s first quarter, the company recorded ...

Honeywell profit beats; shares hit record high

Honeywell International Inc said on Friday its commercial aviation after-sales business was benefiting from robust air travel, while its energy division was getting a lift from stable oil prices, sending shares to a record high. The diversified U.S. manufacturer's shares rose as much as 3.6 percent to $128.30 in afternoon trading. Honeywell, which made an unsuccessful bid...

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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...

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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...