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 […]
DAE reports financial results for the six months ended June 30, 2019 Read More »
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
Wizz Air offers four new routes from Edinburgh Airport Read More »
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
Jeanette Pinard joins Stifel Aviation business Read More »
BOC Aviation has signed leases for ten new Airbus A320neo aircraft to Air China. The aircraft will be powered by Pratt & Whitney’s PurePower® PW1100G-JM engines, and are scheduled for delivery in 2019 and 2020.
BOC Aviation leases ten new Airbus A320neo aircraft to Air China Read More »
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
Finnair flies first “Push for change” biofuel flights from San Francisco to Helsinki Read More »
Roughly 250 flights had to be canceled at Hong Kong International Airport this Monday as air traffic controllers en masse called in sick, joining the ranks of some 20 other business sectors that are protesting against an unpopular extradition bill. The bill has currently been shelved, but protesters are demanding its full withdrawal. Though first
Hong Kong International Airport turmoil as city-wide strike action spreads Read More »
Dubai Aerospace Enterprise (DAE) has signed agreements to raise an additional US$490 million from 3 loan agreements. These agreements will have maturities of between 3 and 7 years. Firoz Tarapore, Chief Executive Officer of DAE commented: “We continue to bolster our liquidity cushion to support our growth ambitions and opportunities. Our very strong balance sheet
DAE raises US$490 million of new liquidity Read More »
Cargolux Airlines International S.A. has closed a Japanese operating lease with call option (JOLCO) transaction for a Boeing 747-400ERF freighter aircraft. The aircraft financing was arranged by DVB Bank SE, London Branch (DVB) and JP Lease Products & Services Co., Ltd (JP Lease). DVB Bank provided the debt while the equity was arranged and underwritten
Cargolux closes JOLCO financing arranged by DVB Bank and JP Lease Read More »
On August 5, Airbus has officially begun manufacturing the A220 in the U.S. The first team of A220 production workers began work at Airbus’ Mobile, Alabama-based production facility following their recent return from on-the-job training in Mirabel, Quebec, Canada, where the A220 programme and primary final assembly line are located. Airbus had announced plans for
Commercial Aircraft Airbus begins U.S. production of A220 aircraft Read More »
Astronics Corporation has reported financial results for the second quarter ended June 29, 2019. Consolidated sales were down 9.4%, or US$19.5 million, including sales of the semiconductor business which was divested in the first quarter of 2019. Excluding the divestiture, adjusted consolidated sales were up 5.4%, or US$9.7 million, demonstrating growth in both the Aerospace
Astronics Corporation posts second quarter US$6.7 million net income, down 52% Read More »
