6 August 2019

Rolls-Royce reduces losses despite ongoing Trent 1000 problems

Rolls-Royce has managed to reduce the engine-maker’s half-year losses but is still struggling with ongoing woes concerning its troubled Trent 1000 engine. The Group reported statutory interim pre-tax losses of £791 million against £1.2 billion a year ago. On an underlying basis, half-year profits rose 16% to £94 million for the six months to June […]

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HondaJet Elite obtains Chinese type certification

Honda Aircraft Company has released that the HondaJet Elite has received type certification from the Civil Aviation Administration of China (CAAC), demonstrating that the aircraft meets the safety standards set by the organization. HondaJet Elite deliveries in the region will begin this year.  The HondaJet Elite holds type certifications around the world, including, the United

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CDB Aviation’s new customer Ural Airlines receives first of three A320neo aircraft

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., (CDB Leasing), has delivered an Airbus A320neo aircraft to its new customer in Russia, Yekaterinburg-based Ural Airlines. The aircraft is part of the lease agreement for a fleet of three A320neos, with two further jets slated for arrival through the end

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DAE reports financial results for the six months ended June 30, 2019

Dubai Aerospace Enterprise (DAE) has reported financial results for the six months ended June 30, 2019. Total Revenue was US$726.9 million compared to US$711.4 million in the first half of 2018. Profit was US$197.1 million compared to US$195.2 million in 2018 and Pre-Tax Profit Margin was 29% compared to 31% in 2018. Net Debt-to-Equity was

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Wizz Air offers four new routes from Edinburgh Airport

Wizz Air will begin operations at Edinburgh Airport, with the launch of four routes to popular European city break destinations. From the beginning of November Wizz Air will connect Scotland’s capital with the Polish cities of Warsaw and Gdansk, Budapest in Hungary, and Bucharest in Romania. Wizz Air now operates seven routes from Scotland to

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Jeanette Pinard joins Stifel Aviation business

Jeanette Pinard has joined the Stifel Aviation business as a Managing Director. She will be responsible for transaction diligence and documentation in our growing engine ownership and leasing business, including transaction management and execution relating to the acquisition, financing and disposition of engine and aircraft portfolios. Pinard brings a unique combination of legal and commercial

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Finnair flies first “Push for change” biofuel flights from San Francisco to Helsinki

Finnair will fly the first biofuel flights backed by its “Push for change” carbon decreasing initiative this week. On both August 5th and 7th, the Finnair flight departing San Francisco Airport bound for Helsinki, Finland, will be flown with a biofuel mix of 12%, reducing the total C02 emissions for the two flights by approximately

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