3 November 2016

Lufthansa blindsided as Ryanair plans new routes from Frankfurt

Only a year after Ryanair CEO, Michael O’Leary said “We won’t fly to Frankfurt”, the Irish low-cost carrier has revealed plans to fly four new routes from Frankfurt, starting March 2017. Operating with two Boeing 737-800s, the carrier will fly routes to Alicante, Malaga and Mallorca in Spain, and Faro in Portugal, with flights offered […]

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Avolon adds five banks to acquisition debt facilities for transaction with CIT Group

Avolon, the international aircraft leasing company, has placed 35% of the US$8.5bn debt financing facilities, led by Morgan Stanley & Co. (Morgan Stanley) and UBS Investment Bank (UBS), for the acquisition of the aircraft leasing business of CIT Group Inc. Avolon successfully placed US$2.975bn with five banks: Barclays; JPMorgan Chase Bank N.A.; BNP Paribas; Credit

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Lufthansa Technik Logistik Services opens new warehouse space in Munich

Lufthansa Technik Logistik Services (LTLS) is extending the warehouse building for the supply of spare parts for Airbus A350 at the Munich site. The existing spare parts warehouse has been enlarged during the last months by an area of 3,200 m² and has been opened on November 3rd. The extension was necessitated by the material

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Arctic Aviation selects AerData’s CMS software

AerData, a Boeing Company, reported that Arctic Aviation Assets (AAA), Norwegian Air Shuttle’s wholly-owned leasing subsidiary, has chosen AerData’s Corporate Management System (CMS) to support their fleet of over 100 aircraft. CMS is a single platform that facilitates the consolidation and management of data from multiple sources. CMS mitigates risk and enables lessors to smoothly

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Apollo Aviation prices Apollo Aviation securitization equity trust 2016-2

Apollo Aviation Group (“Apollo Aviation”) priced its third aircraft securitization on Friday, October 28, 2016: Apollo Aviation Securitization Equity Trust 2016-2 (AASET 2016-2). AASET 2016-2 will borrow US$640m of asset backed secured term loans that will be used to acquire a fleet of 35 aircraft. “With our third ABS and second in 2016, Apollo continues

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Werner Aero Services places CFM56-5B and CFM56-7B nacelle assets in Paris

Werner Aero Services has placed additional nacelle assets in Europe, this time in Paris Charles de Gaulle, to support CFM56-5B and CFM56-7B engines. The assets are certified and ready for immediate shipment 24 hours a day. This move is specifically intended to better support Airbus operators in Europe, Middle East and Africa. The Paris location

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Pentagon 2000 Software enhances multi-company system capabilities

Pentagon 2000 Software a provider of fully-integrated MRO and supply chain software solutions for the Aerospace & Defense industry, has released a set of enhancements to the existing Multi-Company capabilities of the system. Customers that operate their business with multiple separate legal entities have long been able to manage separate companies, divisions and departments within

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Aergo Capital sells one 2001 Vintage A320-200 and one 1997 Vintage B737-400

Aergo Capital has sold two aircraft as the company continues to reduce the average age of its fleet. Aergo sold one 2001 Vintage A320-200, bearing Manufacturers Serial Number 1626, to Blackrock Investment Management – Aviation Group. The aircraft is subject to an operating lease with Avion Express, who will continue to operate the aircraft. Furthermore

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Fraport reports robust performance despite challenging market conditions

In the first three quarters of the 2016 business year, the Fraport Group achieved revenue of €1.94bn, thus continuing its positive performance from the previous year. The Group’s operating result or EBITDA slightly declined by 2% to €677m in the first nine months, while the Group result dropped 9% to €239m. Likewise, operating cash flow

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