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Alaska Air Group Reports Record Adjusted Fourth Quarter 2015 and Full-Year Results and Raises Dividend 38%

Setouchi sells 12.5% stake in Quest Aircraft to Japan's Mitsui

Quest Aircraft's parent Setouchi Holdings has sold a 12.5% stake in the Kodiak single-engined turboprop manufacturer to fellow Japanese company Mitsui. The equity sale gives Sandpoint, Idaho-based Quest more than $10 million in much-needed investment to help it expand its product po...

Moody's: Strong sector performances support positive outlook for aircraft lessors

Continued increase in air travel will benefit aircraft lessors this year but slower economic growth in key markets and increased competition will limit further profitability gains, said Moody’s Investors Service. Moody’s said its outlook for aircraft lessors is positive over the comin...

Stonebriar delivers $9.8m debt financing

Stonebriar Commercial Finance (SCF) has provided a $9.8m, 60 month term loan refinancing for a 15 year old Bombardier Global Express business jet. The borrower is a leading aviation company that provides a wide array of turnkey aviation solutions to an extensive and diverse client base of corporations, governments, and individuals throughout the world. Michael Amalfitano, EVP, senior managin...

Air Astana Net Profit For 2015 Increases By 144%

Air Astana has reported net profit (unaudited) for 2015 of US$47.4million, an increase of 144% over 2014. Passenger numbers increased by 2% to 3.86 million, whilst capacity increased by 6%. Total revenue fell by 21%from US$933million to US$738.1million. Commenting on the results, Air Astana President & CEO, Peter Foster stated, “a sharp fall in revenue was more than compensated f...

Aviation giants fly high even as airliner orders go into freefall

Year after year, Airbus and Boeing seem to have been able to declare record orders, flying high on the back of an apparently never-ending boom. Reporting on their annual sales and delivery performances recently, however, the two global giants of commercial aviation appeared to signal that a hard landing is near. Seattle-based Boeing announced a net 768 orders in 2015, almost halving the...

EasyJet: Credit Ratings And Proposed Bond Programme

easyJet plc has today received public credit ratings and intends to publish an Offering Circular for a Euro Medium Term Note (EMTN) Programme to facilitate access to new and cheaper sources of funding. easyJet has been assigned investment grade ratings of BBB+ (stable) by Standard & Poor’s and Baa1 (stable) by Moody’s which reflect the quality of easyJet’s business model,...

Goshawk Aviation Limited and Natixis Announce Completion of New USD470 Million

Goshawk Aviation Limited and Natixis announce the completion of a new USD470 million, 8-year recourse secured debt facility. The new facility will finance 17 aircraft. Natixis led the transaction as Sole Lead Arranger, Structuring Agent, and Bookrunner. Highlights New USD470 million full recourse secured facility with proceeds to be used to finance upcoming deliveries in addition to refinanc...

Finnair secured financing for its third A350 aircraft

Finnair has secured financing, arranged by BNP Paribas, for its third Airbus A350-900 XWB, which was delivered on 30 December 2015. The transaction amounts to approximately EUR 135 million, implemented using a Japanese Operating Lease with Call Option (JOLCO) structure, where the transaction amount is treated in Finnair’s IFRS accounting as a loan and the a...

Citibank cancels South African Airways loan

Citibank has cancelled a ZAR250 million (USD15 million) loan facility to South African Airways, reported The Africa Report. "We are aware that Citi has cancelled a 250 million rand facility to SAA and are working closely with SAA on the issue to make sure there's sufficient liquidity. We are unable to comment further," treasury spokeswoman Phumza Macanda said. The c...

ANA to buy 8.8% stake in Vietnam Airlines

All Nippon Airways (ANA) has signed a memorandum of understanding to buy a minority stake in Vietnam Airlines. The MoU calls for the Japanese carrier to acquire 8.8% of Vietnam Airlinesfor VND2.4 billion ($108 million), says ANA in a one page statement. The agreement will help the two carriers take “maximum advantage” of air traffic growth between Japan and the Vie...

EBRD: Aerospace company Sonaca spreads its wings in Romania

The European Bank for Reconstruction and Development (EBRD) is boosting Romania’s fast-growing manufacturing sector with a US$ 8.5 million loan to Sonaca as the aerospace company expands its operations in Romania. With the EBRD funding, the firm will build a plant in north-western Romania to produce wing components for leading aircraft manufacturers Airbus and Embraer. The new p...

Global Jet Capital Adds GE Veteran Labrozzi to Team

Private aircraft finance provider Global Jet Capital today appointed industry veteran Dave Labrozzi as chief operating officer. Before retiring in 2014, Labrozzi spent 35 years with the GE group, of which 22 years were focused on the business aviation sector. For 15 years he served as president of GE Capital, Corporate Aircraft, which Global Jet Capital is in the process o...

IATA intend to prevent fraudulent payment transactions

The International Air Transport Association (IATA) announced it is expanding its activities to prevent payment fraud in the air travel industry. Payment fraud costs the industry an estimated $858 million annually, approximately $639 million of which is borne by airlines and the remainder by other participants in the travel value chain, including travel agents. IATA is cooperating with Ypsilon N...

Airasia Global Notes Limited Establishment Of Us$1.0 Billion Multicurrency Medium Term Note Programme

AirAsia Global Notes Limited (the "Company”), a wholly owned subsidiary of AirAsia Berhad (“AirAsia”), on 5th January 2016 established a US$1.0 billion multicurrency medium term note programme (“Programme”). Barclays Bank PLC, Singapore Branch is the sole arranger and together with CIMB Bank (L) Limited (“CIMB”) and RHB Invest...

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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...