Financial

Dubai Aerospace Enterprise (DAE) has announced that its leasing division DAE Capital has signed three agreements to sell 16 aircraft with a total market value of approximately US$900M. The aircraft covered by these agreements include Boeing 737 and Airbus A320, A330, and A350 family aircraft, have an average age of two years and are currently

CMB Financial Leasing concludes refinancing debt facility for six Airbus A320neo narrowbody aircraft CMB Financial Leasing has concluded a refinancing debt facility for six Airbus A320neo narrowbody aircraft. These aircraft are currently on operating leases with Indian airline IndiGo. The debt facility is coordinated by DVB Bank, who is also a lead arranger in the

According to Expansion (the Spanish financial newspaper), after two unsuccessful attempts, IAG, is outlining a third offer, this time €1.520 billion (US$1.778 billion) for Norwegian Air Shuttle ASA (Norwegian), a proposal that values the carrier’s shares at NOK330 (US$40.6), which represents a 32% increase over last Friday’s share price. On Tuesday May 22, Norwegian‘s share

Ryanair has reported a 10% increase in full year profit after tax to €1.45bn, as lower fares (down 3%) stimulated 9% traffic growth to over 130m guests and 95% load factor. Average fares last year declined by 3% and traffic grew 9% to over 130m with Germany, Italy and Spain being the 3 largest growth

Satair’s UK operation has benefited from a multi-million pound investment programme, resulting in the opening of a brand new facility close to London’s Heathrow Airport. The new facility, at Space Waye, North Feltham Trading Estate, became fully operational on March 19 and has six times the area and 11 times the cubic capacity of the

The Saxon aircraft construction supplier Cotesa has been taken over by a Chinese group. A hanging game for companies and employees is over: The supplier from Saxony wants to grow among the new owners. The investors are backed by a Chinese state-owned corporation. The transaction has also prompted the Ministry of Economics. To date, Cotesa

Dubai Aerospace Enterprise (DAE) has signed a landmark unsecured four-year revolving credit facility with an initial commitment of US$480 million and an accordion feature that allows the facility to be increased to up to US$800 million at any time after the initial closing. The facility includes both conventional and Islamic tranches and will support the

easyJet’s first half 2018 passenger numbers increased by 3.0 million to 36.8 million, including 0.7 million from easyJet’s new Berlin Tegel operations launched in January. Capacity increased by 7.8% as easyJet grew its existing network by 4.6% and added an additional 1.2 million seats at Tegel. Load factor grew by 0.9 points to 91.1% (91.9%

Fly Leasing, a global leader in aircraft leasing, has announced that all agreements relating to FLY’s acquisition of 55 Airbus narrow-body aircraft and seven CFM engines on operating lease, and the option to purchase an additional 20 Airbus A320neo family aircraft, were approved by the shareholders of AirAsia Group Berhad (“AirAsia”) at their extraordinary general