Norwegian has signed an agreement with a new syndicated structure regarding financing of all six 737 MAX 8 aircraft with delivery in 2017. In addition three 737-800s will be financed with sale and leaseback. Norwegian’s subsidiary Arctic Aviation Assets (AAA) has completed financing of six Boeing 737 MAX 8 aircraft with an insurance guaranteed financing
International Airlines Group (IAG) presented Group consolidated results for the three months to March 31, 2017. The Group’s operating profit for the period was €170m, an increase of €15m versus last year, or €47 million at ccy. In 2017, the Group recognised an exceptional charge of €1m related to the continuation of British Airways transformation
Air Lease Corporation (ALC) has reported financial results for the three months ended March 31, 2017. Revenues for the quarter improved 4.9% to US$360.2m. Income before taxes dropped 7.0% to US$133,878m. Net income for the first quarter was down 8.5% to $84,937m compared to the first quarter of 2016. Air Lease Corporation added 11 aircraft
Spirit’s first quarter 2017 revenue was US$1.7bn, up by 1% compared to the same period of 2016, primarily driven by higher production deliveries on the Airbus A350 XWB, partially offset by lower production deliveries on the Boeing 777 program. Spirit’s backlog at the end of the first quarter of 2017 was approximately US$46bn, with work
Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has acquired a significant minority stake in Axtmann Aviation Holding GmbH, that operates FAI Aviation Group (FAI), a leading global provider of mission-critical aviation services, offering fixed-wing air ambulance, special missions, charter and aircraft management, as well as full MRO services.
West Star Aviation has announced its acquisition of Dallas Aeronautical Services (DAS), a leading composite, structures and assembly repair shop located in Cedar Hill, TX. Founded in 2004 as an engineering and design company to help repair stations find new ways to repair composite components, DAS is a FAA/EASA Part 145 Repair Station providing service
Air Transport Services Group reported consolidated financial results for the quarter ended March 31, 2017. Revenues increased 34% US$237.9m. Excluding revenues from reimbursable airline expenses, revenues increased 23%. Revenues from ATSG’s airline, maintenance, and logistics businesses increased significantly. Earnings from Continuing Operations were US$9.8m, compared with US$8.2m a year earlier. These GAAP results include both
For the first quarter of 2017 (1Q2017) Leonardo reported that new orders amounted to €2,647m, 3% higher than in the first quarter of 2016 (1Q2016). The book-to-bill ratio reached 1.1 compared to 1 of the same period of 2016. The order backlog amounted to €34,832m (+25% vs. March 2016). This is increasingly solid as it
FPG / DVB / Mega Bank have successfully closed a JOLCO for a Boeing 787-9 which delivered to Air Canada in February 2017. The equity was arranged by FPG AIM and underwritten by FPG in Japan. The senior loan was arranged and underwritten by DVB Bank and Mega Bank. Skyworks Capital was advisor to Air
In the first quarter 2017 (1Q17), Embraer delivered 18 commercial and 15 executive (11 light and 4 large) jets, representing a decline from the 21 commercial and 23 executive (12 light and 11 large) jet deliveries in the first quarter of 2016 (1Q16). The Company’s firm order backlog ended the quarter at US$19.2bn. Revenues in
