Financial

Air France-KLM, Delta Air Lines and Virgin Atlantic Limited have signed definitive agreements paving the way forward for their expanded trans-Atlantic joint venture: The Joint Venture Agreement signed between Air France-KLM, Delta and Virgin Atlantic sets out the governance as well as the commercial and operational terms of the expanded trans-Atlantic Joint Venture. Upon completion,

The UK air traffic management service provider, NATS, has announced it has invested in Aireon, the company pioneering a space-based air traffic surveillance service set to revolutionise the aviation industry. Through a network of 66 low earth orbiting Iridium® NEXT satellites, AireonSM will monitor the location of Automatic Dependent Surveillance-Broadcast (ADS-B) equipped aircraft flying anywhere

AeroCentury Corp., an independent aircraft leasing company, has reported first quarter earnings of US$0.3 million, compared to US$6.02 million for the fourth quarter of 2017 and US$0.6 million for the first quarter of 2017. First quarter 2018 included US$1.1 million of other income resulting from cash received from the previous lessee of three aircraft that

SIAEC Group recorded a profit attributable to owners of the parent of SG$184.1m for the financial year ended 31 March 2018. Profit last year included a gain from the divestment of the Group’s 10% stake in Hong Kong Aero Engine Services (HAESL) to Rolls-Royce Overseas Holdings Limited (RROH) and Hong Kong Aircraft Engineering Company Limited

TurbineAero has signed a definitive agreement to buy the assets of Triumph Aviation Services Asia Auxiliary Power Unit (APU) Repair Product Line (RPL) from the Triumph Group. The RPL purchase is the result of the exercise of an option provided to TurbineAero and its lead investor, The Gores Group, in the agreement to buy Triumph

Singapore Technologies Engineering has achieved higher year-on-year revenue and net profit for its first quarter 2018 (1Q2018). Group revenue was 9% higher at SG$1.65bn compared to $1.51bn in the same period last year, and its profit Attributable to Shareholders (net profit) improved 18% to SG$117.7m from SG$99.9m a year ago. At the business sector level,

Avolon Holdings, the international aircraft leasing company, has reported the re-pricing and extension of its senior secured US$4.75bn Term Loan B facility. The Facility has now been extended from an original maturity of April 2022 to January 2025 and has been repriced at LIBOR plus 2.00% with a LIBOR floor of 0.75%, subject to an

The U.S. Bureau of Transportation Statistics has revealed that the 23 largest American carriers made a combined profit of US$15.5 billion last year, resulting in an after-tax profit being recorded for the fifth year in succession. This shows that the strong rebound from the previous ten years of losses continues. However, the airline industry has