Finance news

Latest Finance news

Oman Air Agrees Sale And Leaseback Arrangement With Dubai Aerospace Enterprise

Flexjet Buys UK-based FlairJet in Euro Expansion Bid

Flexjet Ltd., the UK subsidiary of U.S. based Flexjet, today announced the acquisition of aircraft charter management firm FlairJet from Marshall Aerospace to expand the fractional provider’s footprint into Europe, using a fleet of eight Nextant 400XTis, as well as Flairjet’s existing fl...

Qatar Investment Authority takes stake in St Petersburg airport operator

Germany’s Fraport is selling a stake in the operator of the St Petersburg airport, which is ailing from low traveller numbers due to the weakness of the Russian rouble, to the Qatar Investment Authority (QIA). The deal, from which Fraport expects to generate a gain of €30 million (Dh12...

Czech cabinet approves investment deal with GE Aviation

The Czech government approved a deal with GE Aviation on Wednesday for an investment in a new turboprop engine plant that will cost an estimated 350 million euros ($384.76 million). "The Czech government today approved cooperation with GE Aviation," Industry Minister Jan Mladek said on Twitter. "Aviation engines will be developed, examined and produced in the Czech Republic."...

SIA Engineering Posts Group Profit Of $198.4M For 1st Quarter 2016-17

GROUP EARNINGS SIAEC Group posted a profit attributable to owners of the parent of $198.4 million for the quarter ended 30 June 2016, an increase of $157.1 million. During the quarter, the Group made a $141.6 million gain from the divestment of its 10% stake in Hong Kong Aero Engine Services Ltd (“HAESL”) to Rolls-Royce Overseas Holdings Limited (“RROH”) and Ho...

fastjet raises £15mn through share placement

fastjet says it has been able to raise GBP15 million (USD19.7 million) in fresh capital through the issuance of 30 million new ordinary shares priced at GBP0.50 (USD0.66 per share). Among the investors was the LCC's own executive chairman, Colin Child, who agreed to subscribe for 140,000 new ordinary shares or 0.13% of the enlarged issued share capital. The funds will provide sufficient...

Privatized stake in Russian Helicopters may be increased — minister

The stake in Russian Helicopters intended for privatization can be increased to 49%, but so far none of Russian investors has showed interest in it, Industry and Trade Minister Denis Manturov told reporters. "To date, there is no investor. It does not mean a delay, it is "on stand-by". The main decision (about a possible increase of the stake to 49% -TASS) has been made. As for t...

Russia's UAC and China's Comac Work on Budget for New Widebody Program

The proposed Chinese-Russian widebody airliner will require investment of between $13 billion and $20 billion. Confirming the outline program budget at last week’s Farnborough International Airshow, Yuri Slyusar, president of Russia’s United Aircraft Corporation, said that the final amount will depend on whether or not customer support arrangements will be able to use existing faciliti...

CALC Closes First Ever JOLCO

China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK), the largest independent operating aircraft lessor in China, has closed its first Japanese Operating Lease with a Call Option (“JOLCO”) financing related to two new Airbus A320 delivered to Pegasus Airlines in June. Asset Brok’Air acted as transaction arranger an...

Wizz Air Holding: Record Q1 Profitability On 18% Passenger Growth

Wizz Air Holdings Plc (“Wizz Air” or “the Company”), the largest low-cost airline in Central and Eastern Europe1, today issues an unaudited interim management statement for the three months to 30 June 2016 (“first quarter”, “Q1” or “Q1 F17”). RECORD Q1 PROFITABILITY AND STRONG BALANCE SHEET  Total revenu...

Edge of remarketing: are Chinese lessors ready for the upcoming wave of second leases?

The recent Farnborough 2016 airshow has brought over $120 billion-worth of orders. In their pursuit to operate the latest aircraft models, Asian customers, to no one’s surprise, are leading the order books. But the upcoming delivery of hundreds of new aircraft will inevitably force market players to find new owners and lessors for the aging fleet. With still rather moderate experience in air...

European Aviation can still be profitable - EESC calls for investment, integration & social dialogue

The overarching goal of the EU Aviation Strategy should be to create a climate which encourages European investors to invest in the aviation sector, according to the EESC – the EU institution representing civil society. In its opinion entitled Aviation Package I, the European Economic and Social Committee (EESC) calls for European investment to follow that of other governments a...

Viking and Longview Aviation Asset Management to Provide New Lease & Financing Options

Viking Air Limited (“Viking”), a global leader of utility aircraft, support and services and manufacturer of the world-renowned Twin Otter, and Longview Aviation Asset Management, today announced a new relationship that will provide customers for both new-build and used Twin Otter aircraft with new financing alternatives and additional flexibility when considering their aircraft needs....

Rolls-Royce to Buy Remainder of Engine Components Business

Rolls-Royce Holdings Plc said it has agreed to buy the stake it doesn’t already own in Industria de Turbo Propulsores SA for 720 million euros ($795 million) to strengthen its position in the service market for its largest engines that power Airbus and Boeing jets. The U.K. manufacturer is buying the remaining 53.1 percent from Sener Grupo de Ingeniería SA, which exercised a put op...

A$1.2bn QantasLink Contract Extension awarded

Cobham has signed a contract to extend its current QantasLink contract for the provision of airline services through to the end of 2026. Cobham announced today that it has been awarded a 10 year, A$ 1.2 billion contract to continue provision of airline services to QantasLink, supporting their fleet of 20 Boeing 717 aircraft to the end of 2026. The Cobham-Qantas partnership commenced in 1991...

Upcoming events

Bahrain International Airshow 2026

18/11/2026 - 20/11/2026
Bahrain, Sakhir

AERO Middle East x Sand & Fun 2026

24/11/2026 - 26/11/2026
Saudi Arabia, Riyadh

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...