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Congress Passes Key Funding Bill That Aids Aviation

Irish aviation firm ASL lands €100m funding deal

Irish aviation services provider ASL Aviation has reached an agreement to access $110m (€101.5m) in funding to help fuel its expansion plans. Two banks are providing the credit facility. French financial services company BNP Paribas will make $60m available, while Lloyds Bank Commercial Bank...

Transportation Partners issues first Coface guaranteed bond transaction financing ATRs

Transportation Partners Pte. Ltd (“Transportation Partners”), BNP Paribas and ATR are pleased to announce the successful closing of USD143,711,000 guaranteed floating rate notes due 2025 for Aeronautic Investments 18 Limited with the benefit of a guarantee by Compagni...

Fitch: Aircraft Lessors Have Supportive Markets but Risks Remain

Recent equity capital raising plans and strategic announcements by aircraft lessors indicate supportive market conditions for the sector and suggest the potential for increased activity in 2016, says Fitch Ratings. The market for commercial aircraft is currently benefiting from the strong growth of global air traffic, low airline fuel prices, largely improving airline credit fundamentals and stabl...

GE Capital Aviation Services Purchase-and-Leaseback Transaction for Two Airbus A350s with Finnair

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it completed a purchase-and-leaseback transaction involving two new Airbus A350-900 XWB aircraft with Finnair. The aircraft delivered in October and December and are part of Finnair’s long-haul fleet renewal program. The flag carrier of Finland, Finnair is one of the ol...

Waypoint Leasing signs purchase and leaseback agreement with Omni Helicopters International S.A.

Waypoint Leasing (Ireland) Limited, the largest independent global helicopter leasing company, today announced that it has closed on a multi-aircraft agreement with Omni Helicopters International S.A., a strategic partnership between Stirling Square Capital Partners and Omni Group. The aircraft are operating for Omni Taxi Aereo, Brazil's largest helicopter service operator to the offshore indu...

mba Provides Maintenance Cash Flow Forecast for CLAS US$713 Million ABS Deal

Morten Beyer & Agnew (mba) provided Castlelake, L.P. with Maintenance Cash Flow Forecast and General Market Analysis for their Aircraft Securitization Trust (“CLAS 2015-1”) consisting of fifty-four (54) aircraft and six (6) engines (the “Portfolio”), subject to twenty-three (23) operators, spanning eighteen (18) different countries. CLAS 2015-1 was made pu...

GE Capital Aviation Services and Virgin America Sign Lease Agreement for 10 Airbus A321neo Aircraft

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it signed an agreement with Virgin America, Inc., to lease 10 new Airbus A321neo aircraft powered by CFM’s LEAP-1A engines to expand the carrier’s fleet. The first aircraft is scheduled for delivery in Q1 2017 and the remainder will deliver in 2017 and 2018. All 10 air...

Boeing Board Raises Share Repurchase Authorization to $14 Billion, Increases Dividend 20 Percent

The Boeing board of directors has raised the company’s authorization for its share repurchase program to $14 billion and declared that the company’s quarterly dividend will increase 20 percent to $1.09 per share. “Once again, we are demonstrating our commitment to a balanced cash deployment strategy that fuels investments in our people, innovation and growth, and returns signi...

Air Canada Announces Closing of US$537,092,000 Private Offering of Enhanced Equipment Trust Certificates

Air Canada announced today the closing of its previously announced private offering of three tranches of enhanced equipment trust certificates, in the aggregate face amount of U.S.$537,092,000. The private offering was comprised of Class AA certificates, Class A certificates and Class B certificates. The Class AA certificates have an interest rate of 3.750% per annum and a final expected distribut...

SkyWise attempt to sell off 50% of shares

SkyWise launched an attempt to raise ZAR150 million (USD10.44 million) by selling a 50% stake in the airline. The LCC looked to sell 1,500 shares valued ZAR100 000 (USD6,961) last week, with a minimum of ten to be acquired by each investor. SkyWise was grounded this month for the second time in three months after failing to settle ZAR8 million (USD556,856) in outstanding fees to...

Global Jet Capital completes 90% purchase of GE fixed wing portfolio

Global Jet Capital has completed 90% of its acquisition of GE’s fixed wing aircraft financed portfolio. The company has so far assumed 276 aircraft based in the US and Canada, with the remaining 10% of accounts being in Brazil and Mexico. “Today’s announcement is a significant step in further cementing our position as a leader in business aviation finance in the Americas.&r...

ALC announces the lease placement of two new Boeing 787-9 Dreamliners with El Al

Air Lease Corporation (ALC) (Los Angeles) has announced an agreement to lease two new Boeing 787-9 Dreamliner aircraft to El Al Israel Airlines (Tel Aviv). Both aircraft are on long-term lease from ALC’s order book with Boeing and are scheduled to be delivered to Israel’s flag carrier airline in the third quarter and early fourth quarter of 2017. These new Boeing 787-9 Dreamliner ai...

Double aviation taxation avoidance pact will benefit Taiwan, Macau: MOF

The newly concluded Taiwan-Macau double taxation avoidance agreement on aviation businesses will boost the development of air transport between the two sides and increase bilateral business and people-to-people exchanges, according to the Ministry of Finance (MOF). Taiwanese carriers Eva Air and TransAsia Airways, as well as Tigerair Taiwan -- a joint venture between Taiwan's China Airlines...

Low Oil, High Travel Demand to Boost Airline Profits Next Year: IATA

Low oil prices and healthy demand for travel, despite recent terror attacks hurting some destinations, will boost airline profits again in 2016, the International Air Transport Association (IATA) said on Thursday. IATA, which represents almost 260 airlines accounting for 83 percent of global air traffic, said net profit would reach record levels of US$36.3 billion, after US$33 billion in 2...

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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...