IAI and Effective Space, a company pioneering last mile logistics in space – have signed a term sheet for cooperation, including both technological and financial partnerships. Under the conditions of the term sheet, Effective Space will appoint IAI as the primary contractor of its SPACE DRONETM spacecraft, while IAI will work to complete the necessary
Singapore Technologies Engineering (ST Engineering) has incorporated a new company, Keystone 5 Pte. (Keystone 5) in Singapore as a wholly-owned subsidiary of Keystone Holdings (Global) Pte. (Keystone Holdings), with a paid up capital of US$1.00. Keystone Holdings is a 50-50 joint venture held between ST Aerospace Resources Pte. and SJ Aviation Capital Pte. A holding
Avolon Holdings (Avolon), the international aircraft leasing company, has announced the pricing of a private offering (the Offering) by its wholly owned subsidiary, Avolon Holdings Funding Limited, of US$1.0 billion aggregate principal amount of 5.125% Senior Notes due 2023 (the “Notes”), at par. The Notes will be fully and unconditionally guaranteed by Avolon and by
Safran has reported that for the first half of 2018 (H1 2018) adjusted revenue was Euro 9,506 million, an increase of 23.9% on a reported basis, including a four-month contribution of Euro 1,516 million from Zodiac Aerospace and Euro (445) million of currency impacts. On an organic basis, adjusted revenue grew 10.1%. Adjusted recurring operating
SAS has delivered strong results in the third quarter of fiscal year 2018, with earnings before tax of SEK 2 billion. The underlying earnings were more than SEK 0.1 billion higher than last year despite an increase of SEK 0.5 billion in jet fuel costs as well as SEK 0.1 billion in unforeseen costs in
SHS Aviation B.V., the majority shareholder of the N.V. SHS Antwerp Aviation (VLM), has decided at an extraordinary general assembly to dissolve the Belgian airline and to liquidate it. Earlier this month it was announced that VLM would discontinue the connections to Aberdeen, Birmingham, Cologne-Bonn, Maribor, Munich and Rostock and that VLM would henceforth focus
Danish Air Transport (DAT) has acquired 60% of Nordic Regional Airlines AB (Norra) from Finnair, which held the 100% stake in Norra on an interim basis after Norra’s previous owners who held 60% of shares exited the business in November 2017. Finnair continues to own 40% of the company. As such, the transaction has no
Ethiopian Airlines, the largest Aviation Group in Africa has finalized an agreement with the Government of Chad for the launch of Chad national carrier. Ethiopian has a 49% stake in the joint venture while the Government of Chad retains 51%. The new Chad National Carrier is planned to go into operation as of October 1,
SkyWest has released financial and operating results for the second quarter 2018, including net income of US$76 million compared to net income of US$50 million for the second quarter of 2017. Pre-tax income of US$98 million increased 21% from the previous year and was primarily due to SkyWest’s ongoing fleet transition. Since the second quarter
AviaAM Leasing, a global aviation holding company engaged in commercial aircraft acquisition, leasing and sales, has announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China Co., has gained a new strategic partner. It is insurance and finance group Ping An Insurance (Group) Company of
