Embraer has closed a framework agreement for a credit operation aimed at helping its customers purchase aircraft with the support from UK Export Finance (UKEF). UKEF is a British government agency focused on financing local exports, which will be the credit guarantor for future financial transactions. This support is bound by the volume of materials
EAS Aviation Group and UAE-based Knighthood Global have signed an agreement at the Dubai Airshow to collaborate in securing capital funding, providing EAS with the necessary financial support to purchase end-of-life aircraft from various lessors, airlines and asset owners. In collaboration with MRO JAT Tehnika, a renowned aviation expert and subsidiary of Avia Prime Group based in Belgrade, EAS currently
Airbus has unveiled its consolidated financial outcomes for the nine months concluding on September 30, 2023. The company reported that gross commercial aircraft orders totalled 1,280 (9m 2022: 856 aircraft) with net orders of 1,241 aircraft after cancellations (9m 2022: 647 aircraft). The order backlog amounted to 7,992 commercial aircraft at the end of September
Aquila Air Capital (Aquila), a leading lessor focused on end-of-life solutions, has announced the successful closing of a US$100 million financing (£83 million). The financing is aimed at increasing Aquila’s ability to deliver bespoke lease solutions for passenger and cargo operators across the globe. “We are thrilled to announce the successful closing of this new
During the first nine months of the 2023 fiscal year, the Fraport Group delivered a strong performance with key operating figures exceeding 2019 levels. The Group result (net profit) reached €357.0 million in the first nine months, buoyed by traffic growth across the Group’s airports. This positive performance was driven, in particular, by a strong
Jazeera Airways (Jazeera) has posted KD13.27 million in Group net profit for the first nine months of 2023. Total revenues for the period were up 12.8% to KD158.9 from KD140.8 million in 2022, while operating profit was at KD18.08 million. Last year, the company’s profit also included a one-time gain of KD1.73 million resulting from
SAS has successfully secured a substantial investment agreement, totalling 13.2 billion Swedish crowns (US$1.21 billion), through a consortium that includes Air France-KLM, Lind Invest ApS, and the Danish state. This agreement marks a significant milestone in SAS’s restructuring efforts, with Castlelake providing a loan to replace the previous debtor-in-possession financing from Apollo Global Management. Notably,
Ryanair has reported that in the first half of FY2024 scheduled revenues increased 37% to €6.1 billion, traffic grew 11% to 105.4 million, while average fares rose 24% to €58 due to a strong Easter and record summer 2023 demand. Ancillary revenue increased 14% to €2.5 billion (€23.70 per passenger). In the total first-half of FY24 revenue
Bombardier has reported revenues of US$1.9 billion in the third quarter 2023, a 28% year-over-year increase, fuelled primarily by strong aircraft sales and aftermarket growth. The company delivered 31 aircraft in the third quarter 2023, up six aircraft compared to the same quarter last year, bringing it to a total of 82 deliveries for the year.
Lufthansa Technik (LHT) is heading for yet another record annual result after it had already achieved a new Adjusted EBIT record of €554 million last year. An even better result is now expected for the full year 2023. The company had initially expected an Adjusted EBIT at a comparable level to the previous year, but
