In the presentation to shareholders at its Annual General Meeting, Regional Express (Rex) will reveal that its unaudited management accounts for October have reported a profit before tax for the domestic jet operations of about AU$2 million, following the marginal profitability reported for the month of September which was the first time that the jet
Aergo Capital (Aergo) has announced the company’s acquisition of Dublin, Ireland-based Seraph Aviation Management Limited (Seraph Aviation) for an undisclosed sum. The deal will see Aergo take over the management and administration of 88 aviation assets spread across 38 unique lessees with a combined asset value of US$2.5 billion. This will see the total number
Continued strength in travel demand has resulted in the Qantas Group upgrading its profit expectations for the first half of full-year 2023 (FY23). The Group now expects an Underlying Profit Before Tax of between AU$1.35 billion and AU$1.45 billion. This represents a AU$150 million increase to the profit range given in early October 2022. Fuel
Dubai Aerospace Enterprise (DAE) completed the previously announced acquisition of SKY Fund I Irish, Ltd and its subsidiaries (SKY Fund I) on Friday, November 18, 2022. Sky Fund I owns and is committed to owning 36 aircraft on lease to 14 airline customers in 11 countries. Next-generation-technology aircraft represent more than 90% of the acquired
Airbus is to invests in Carbon Engineering, a Canadian-based climate solutions company, operating the largest Direct Air Carbon Capture (DACC) Research & Development facility in the world. The investment will contribute to funding part of Carbon Engineering’s advanced direct air capture R&D technologies at the company’s Innovation Centre in Squamish, B.C., Canada. DACC is a
Israel Aerospace Industries (IAI) has published its financial statements for the first nine months and third quarter of 2022 (all the following figures are approximate). The company reported a 54% increase in net income in the first nine months of 2022 to US$202 million compared with US$131 million in the corresponding period of 2021. Net
United Airlines has announced that it is to invest up to US$37.5 million (£32 million) in a biofuel refinery which will be capable of producing up to 50,000 barrels of sustainable aviation fuel (SAF), renewable diesel and other renewable fuels per day. Currently, the NEXT Renewable Fuels (NEXT) refinery, located in Port Westward, Oregon is
On top of a recent US$650 million revolving credit facility with a foreign financial institution group, Brazilian planemaker Embraer has secured US$400 million in financing from the Brazilian National Bank for Economic and Social Development (BNDES). The financing will be carried out through the BNDES Exim Pre-shipment, a direct bank credit line to produce national
SAS has reached an agreement with one additional lessor, Bocomm, representing three aircraft, to amend the terms of existing aircraft and equipment lease agreements. Including SAS’ previously announced amended agreements with lessors on October 5 and on November 1, 2022, SAS has now reached agreements with 13 lessors, representing 46 aircraft, as part of the
Embraer has delivered ten commercial jets and 23 executive jets (15 light / eight mid/super-midsize jets) in the third quarter of 2022 (3Q22), bringing year-to-date deliveries to 27 commercial jets and 52 executive jets (33 light /19 mid/super-midsize jets). Although deliveries have been backended to the fourth quarter of 2022 due to supply chain challenges,
