CDB Aviation has entered into a US$700 million facility agreement secured with a portfolio of Airbus and Boeing narrow-body and wide-body aircraft on lease to various of the lessor’s airline customers. The facility is financed by a group of leading MLA banks, including Natixis, CACIB, BNP Paribas, the Korean Development Bank, the Hongkong and Shanghai […]
CDB Aviation secures US$700 million facility agreement Read More »
Air Lease Corporation (ALC) has delivered one new Boeing 787-10 to Korean Air. This aircraft is the first of ten 787-10s confirmed for delivery to the Korean flag carrier from ALC’s orderbook with Boeing. “ALC is thrilled to announce the delivery of the first of ten new Boeing 787-10 aircraft leased to our long-time customer,
Korean Air takes delivery of first of ten Boeing 787-10s Read More »
Embraer has signed a US$1 billion syndicated credit agreement for five years. The deal is an extension of a US$650 million syndicated credit operation announced in October 2022. The contract provides the company with important access to financial resources at pre-negotiated rates. Led by PNC Bank, Crédit Agricole, Citibank, and with the participation of institutions
Embraer signs US$1 billion syndicated credit agreement Read More »
The Fraport global airport company recorded a passenger growth of 7.2%, reaching a total of 74.1 million travellers across its actively managed aviation gateways during the first half of 2024 (ending June 30). Supported by the growing demand for air travel, Group revenue increased by 13.0% year-on-year to €2,038.8 million. Fraport’s operating result, or EBITDA
Fraport’s net profit surges 89.2% Read More »
RECARO Aircraft Seating has been selected by IndiGo to equip the business-class cabins of its A321neo aircraft with the R5 seats. The aircraft will also feature the RECARO R2 in economy class. A total of 45 shipsets have been ordered to meet this upgrade, with each A321neo aircraft featuring 12 business-class seats and 208 economy-class
IndiGo chooses RECARO R5 seats for A321neo Business Class Read More »
Spirit AeroSystems Holdings (Spirit) has reported its financial results for the second quarter of 2024. Spirit’s revenue in Q2 2024 increased from the same period in 2023, primarily due to higher production activities on most commercial programmes and increased Defence and Space revenues, partially offset by lower production volume on the Boeing 737 programme. Overall
Spirit AeroSystems reports Q2 2024 financial results Read More »
AJW Group, the independent provider of aircraft component parts, repair, and supply chain solutions to the commercial and defence aviation sectors, has announced the successful launch of a comprehensive power-by-the-hour (PBH) contract with Ascend Airways, which went live last month. The multi-year agreement will see AJW Group support Ascend Airways’ Boeing 737MAX and 737NG aircraft
AJW Group and Ascend Airways sign power-by-the-hour contract Read More »
A busy week at the 2024 Farnborough International Airshow marked key milestones for VoltAero and its Cassio electric-hybrid aircraft family. Highlights included a pre-order agreement with Global Sky, a collaboration on advanced air mobility solutions with Sigma Air Mobility, and the unveiling of propulsion partner Kawasaki Motors’ roadmap for its aero piston engine family. Opening
VoltAero reaches key milestones at Farnborough Airshow Read More »
StandardAero has signed a non-exclusive agreement with Avianca to provide support for an undefined quantity of the CFM International LEAP-1A turbofan engines powering the carrier’s fleet of Airbus A320neo aircraft, according to its operational demands. Avianca joins the growing list of operators relying on StandardAero’s new LEAP-1A and LEAP-1B maintenance, repair and overhaul (MRO) line
StandardAero partners with Avianca to support LEAP-1A engines Read More »
Willis Lease Finance Corporation (WLFC) has posted record second-quarter total revenues of US$151.1 million and record quarterly pre-tax income of US$57.9 million. The company also announced its first regular quarterly dividend of US$0.25 per share, expected to be paid on August 21, 2024, with a record holder date of August 12, 2024. For the three
WLFC posts Q2 pre-tax income of US$57.9 million Read More »
