Ryanair Holdings has posted a full-year loss of €355 million (pre-exceptionals), compared to a prior-year loss of €1,015 million. FY22 scheduled revenues increased 156% to €2.65 billion. While traffic recovered strongly from 27.5 million to 97.1 million guests, the delayed relaxation of EU Covid-19 travel-restrictions until July 2021 (Oct. in the case of the UK
JetBlue has filed a “Vote No” proxy statement urging Spirit shareholders to vote against the inferior, high-risk and low-value Spirit/Frontier transaction at Spirit’s upcoming special meeting. In addition, JetBlue commenced an all-cash, fully financed tender offer to acquire all of the outstanding shares of Spirit for US$30 per share, without interest and less any required
Low-cost carrier Norwegian has released its first-quarter results of 2022 in what is a seasonally weakened quarter. Combined with the impact of the Omicron variant of the COVID-19 virus and the effects of the war in Ukraine on the aviation industry the result was an operating loss (EBIT) of NOK849 million, though the company was
Modern Aviation has executed a definitive agreement to acquire Superior Aviation Company’s (SACjet) three Sacramento, CA FBO operations from Sacramento International Jet Center Incorporated (operating as Capitol Jet Center) at Sacramento International Airport, Mather Jet Center, Inc. (operating as Mather Jet Center) at Mather Airport, and Patterson Aviation Company (operating as Executive Jet Center) at
Willis Lease Finance Corporation has reported first-quarter total revenues of US$68.8 million. For the three months ended March 31, 2022, aggregate lease rent and maintenance reserve revenues were US$53.0 million and spare parts and equipment sales were US$6.6 million. The company reported increased total revenues in the first quarter when compared to the prior-year period,
Daher has completed the company’s total reimbursement of the €110 million French government guaranteed loan (Prêt Garanti par l’État, PGE) granted in June 2020, while also securing funding of €180 million from new American investors and from its banking pool. These two new operations illustrate the confidence of Daher’s financial partners in the company’s management
Brazilian airline Gol Linhas Aereas Intellegentes SA (Gol) and Columbia carrier Avianca have announced they are coming together under one umbrella in the form of a holding company named the Abra Group. While the two companies will remain independent, their combination will make them one of South America’s largest carriers that would be a match
REGENT has released that Hawaiian Airlines has agreed to strategically invest in the company to support the initial design of its next-generation 100-person capacity all-electric seaglider known as the Monarch. With this investment, Hawaiian Airlines becomes REGENT’s first U.S.-based design partner for the Monarch, which is slated for entry into commercial service by 2028. “Innovative
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has signed a US$530 million (£434 million) unsecured syndicated term loan with BNP Paribas and a group of leading global financial institutions. The facility was led by BNP Paribas as agent with funding from such leading aviation lenders as: BNP
China Eastern Airlines, China’s second-largest carrier by passenger numbers has announced in a filing to the Shanghai Stock Exchange that it is looking to raise US$2.23 billion through a share sale. The revenue raised will be divided between asset acquisitions and increasing working capital. Approximately US$1.78 billion will be used to fund the acquisition of
