Dubai Aerospace Enterprise (DAE) has delivered a notice of early redemption (the Redemption Notice) to the holders of the company’s US$800 million 4.50% Senior Notes due 2022 (the 4.50% Notes) and US$1,000 million 5.00% Senior Notes due 2024. The Notes are scheduled to be redeemed on August 2, 2021. The outstanding principal amount of the
Jet Support Services (JSSI), a leading independent provider of maintenance support and financial services to the business aviation industry, has reported the acquisition of SierraTrax, a leader in aircraft maintenance tracking. SierraTrax provides maintenance tracking software for business aircraft worldwide through its modern technology interface. As a Textron Aviation recommended provider of maintenance tracking services,
With this acquisition the company adds a second FBO terminal, two private ramps and two hangars to its Zurich footprint and 17 aircraft to its European fleet. Located opposite Jet Aviation’s FBO at Zurich Airport, the ExecuJet Zurich FBO includes one near-5,000 m² hangar and one 2,500 m² hangar; two private ramps at 4,620 and
Having posted a loss of €563 million last year and €103 million for the first quarter this year, Aer Lingus is exploring numerous options with regard to restructuring and obtaining financial support. Owned by IAG, which also owns British Airways, Iberia and Vueling, Aer Lingus has already been the recipient of a €150 million loan
AeroCentury (AeroCentury) has announced that the company and its two U.S. subsidiaries (collectively the debtors) have filed with the Delaware Bankruptcy Court a proposed combined Plan of Reorganization and Disclosure Statement with respect to its proposed plan to exit Chapter 11 bankruptcy protection. The proposed plan was filed in connection with the company’s motion to
The Emirates Group has posted its first year of loss in over 30 years caused by a significant drop in revenue, fully attributed to the impact of COVID-19 related flight and travel restrictions throughout its entire financial year 2020-21. The Emirates Group posted a loss of AED 22.1 billion (US$6.0 billion) for the financial year
GOL Linhas Aéreas Inteligentes S.A., Brazil’s largest domestic airline, has entered into an agreement to acquire Manaus-based MAP Transportes Aéreos (MAP), a Brazilian domestic airline with flight routes to regional destinations and São Paulo’s Congonhas Airport. The acquisition reflects the company’s ongoing commitment to expanding the demand for passenger air transportation in Brazil and what
Fly Leasing Limited (FLY) has received shareholder approval to be acquired by an affiliate of Carlyle Aviation Partners (Carlyle Aviation), the commercial aviation investment and servicing arm within Carlyle’s US$59 billion global credit platform. Approximately 99.9% of the votes cast at the special general meeting of FLY’s shareholders voted in favor of the transaction. Closing
Airbus Helicopters and ZF Friedrichshafen AG have signed an agreement regarding the acquisition of ZF Luftfahrttechnik GmbH by Airbus Helicopters as part of its strategy to strengthen its maintenance, repair, and overhaul (MRO) capabilities. This step is also a contribution to improving and maintaining the fleet availability of the programs covered by the ZF Luftfahrttechnik
Macquarie Infrastructure Corporation (MIC) and KKR, a global investment firm, have signed a definitive agreement for MIC to sell its Atlantic Aviation business to KKR for US$4.475 billion in cash, assumed debt and reorganization obligations. Atlantic Aviation operates one of the largest networks of fixed-base operations (FBOs) in the U.S. providing a full suite of
