Since the Federal Aviation Association (FAA) downgraded Thailand’s aviation safety rating to Category 2 at the beginning of December, 2015, its military government has been taking strides to rectify the situation. Yesterday it was announced that all Thai-registered airlines had to submit reports on their financial positions by March 31 or risk of having their […]
CAAT to Examine Thai-Registered Airline Finances Read More »
Aergo Capital has purchased two ATR72-600 passenger aircraft from Transportation Partners. The aircraft will continue to be operated from Subang Airport, by Malindo Airways, part of the Lion Air Group. Malindo, the fastest growing airline in the Lion Air Group, will maximize KLIA airport to turbo-charge the Lion Air Group’s regional expansion in 2016. DVB
Aergo Capital acquires two ATR72-600 aircraft from Transportation Partners Read More »
An ATR 72 prototype has taken to the skies to launch the second flying demonstration campaign as part of the EU’s Clean Sky Joint Undertaking (CS JU) program. The aim of this flight trial is to test an all electrical energy management system, optimizing the electrical power distribution. This second flight test campaign also performs
ATR “All Electrical Aircraft” flying demonstrator takes off for Clean Sky Read More »
Air Lease Corporation reported another consecutive quarter of record fleet, revenue and profitability growth. The company generated adjusted diluted EPS of US$4.64 for the year ended December 31st, 2015, an increase of 15.1% as compared to US$4.03 for the year ended December 31st, 2014. ALC recorded adjusted diluted EPS of US$1.21 for the three months
Air Lease Corporation posts net income of US$508m for full year 2015 Read More »
Republic Airways Holdings reported that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The petitions were filed in the U.S. Bankruptcy Court for the Southern District of New York. Republic’s board of directors unanimously determined that a Chapter 11 reorganization is in
Republic Airways Holdings and subsidiaries file for chapter 11 reorganization Read More »
Alberta Investment Management Corporation, on behalf of its clients, OMERS, Ontario Teachers’ Pension Plan and Wren House Infrastructure Management, the infrastructure investing arm of the Kuwait Investment Authority, (each a “Consortium Member” and collectively the “Consortium”), has signed an agreement to acquire the company that owns and operates London City Airport. The Consortium consists of
Consortium agrees to purchase 100% of London City Airport Read More »
Chromalloy announced the formation of a new Strategic Business Unit – Asset Management Services – and the appointment of an experienced industry executive to lead the new aircraft engine trading, exchange, overhaul, and leasing enterprise. “Chromalloy is pleased to welcome Jim Guiliano, an extremely talented and successful business leader who assumes the helm of this
Jim Guiliano to lead Chromalloy's new strategic business unit Read More »
HEICO CORPORATION reported that adjusted net income increased 20% to US$33.2m in the first quarter of fiscal 2016, up from US$27.6m in the first quarter of fiscal 2015. Adjusted operating income increased 20% to US$55.8m in the first quarter of fiscal 2016, up from US$46.4m the previous year. The Company’s adjusted operating margin increased to
HEICO Corporation reports 20% growth in first quarter of 2016 Read More »
