Financial

Luxaviation Helicopters, part of the Luxaviation Group, has announced the acquisition of Starspeed, the global helicopter management, charter and training company. The deal, Luxaviation Helicopters’ first acquisition since launching in February 2017, positions the company as the world’s largest VIP and VVIP helicopter operator. Luxaviation Helicopters will incorporate Starspeed’s fleet of 23 helicopters into its

Thales has closinged the acquisition of US company Guavus, a pioneer in real-time Big Data analytics. Guavus is perfectly suited to help Thales address the growing needs of an increasingly connected global ecosystem. The company has built a recognised industrial “big data” platform particularly adapted to real-time analytics and designed to be easily implemented across

The Federal Aviation Administration (FAA) will award US$151.1m in airport infrastructure grants to 66 airports in 35 states across the United States as part of the FAA’s Airport Improvement Program (AIP). The airport grant program funds various types of airport infrastructure projects, including runways, taxiways, and airport signage, lighting, and markings, all of which help

Following the good performance in the summer months Finnair raises its guidance for 2017 regarding its comparable operating result and specifies its capacity forecast for 2017. Finnair estimates that in 2017 its capacity will grow approximately 9%, weighted strongly towards the second half of the year. Full-year revenue is expected to grow approximately in line

United Technologies, the jet-engine maker, has agreed to buy Rockwell Collins, the aircraft parts manufacturer, for US$30 billion, including any debt. It has also been confirmed that the Rockwell Collins and UTC aerospace systems operations will be merged to create a new business unit, Collins Aerospace Systems. The basis of the deal will see Rockwell

The Air France-KLM (the Company) Combined Ordinary and Extraordinary Shareholders’ Meeting was held on Monday, September 4, in order to implement part of the strategic transactions presented on July 27, 2017. More than 54.85% of the shareholders were present or represented at the Shareholders’ Meeting, where all proposed resolutions were adopted, together with a new

Avolon, the international aircraft leasing company, has reported that the Kroll Bond Rating Agency (Kroll) has issued an investment grade issuer credit rating on Avolon Holdings Limited of BBB+ with a stable outlook. Kroll has also assigned a senior unsecured debt rating of BBB to Avolon Holdings Limited.

DVB, the specialist in international transport finance, reported a consolidated net loss before taxes of €506.3m in the first six months of 2017 (previous year: net income of €14.1m). The net figure was dominated by a significant increase in allowance for credit losses, to €445.3m (previous year: €83.4m), reflecting market developments. Moreover, due to the