The International Air Transport Association (IATA) has warned that impending charge increases by airports and air navigation service providers (ANSPs) will have a damaging effect on international connectivity while also stalling recovery in air travel. Confirmed increases scheduled by airports and ANSPs have already passed the US$2.3 billion mark, while if all proposals tabled came
Aergo Capital (Aergo) has completed the sale and leaseback of two wide-body aircraft with Iberia. Aergo has now successfully closed the financing of these two Airbus A330-200 aircraft, bearing manufacturers serial numbers 1864 and 1882. Airbus Bank GmbH provided the financing for one of the aircraft (MSN 1864), which was arranged through Investec Bank and
In publishing its Annual Report for 2020/21, covering a challenging year with the ongoing COVID-19 pandemic causing extensive loss of traffic and revenue, Qatar Airways Group has reported a net loss of US$4.1 billion, of which U.S.$2.3 billion was due to a one-time impairment charge related to the grounding of the airline’s Airbus A380 and
Rolls-Royce has signed a definitive agreement to sell 100% of ITP Aero to Bain Capital Private Equity, which is leading a consortium of investors, for approximately €1.7 billion. The consortium includes interests to be held by Spanish co-investors SAPA and JB Capital. The proposed sale assesses ITP Aero at an enterprise value of approximately €1.8
United Airlines has been fined a total of US$1.9 million by the U.S. Department of Transport (DOT) for a total of 25 specific incidents where federal rules were violated as its aircraft were left on the tarmac, with passenger on board, for longer than three hours for domestic flights and four hours for international flights
Utilizing an initial tranche of funds, APOC has secured an ongoing finance facility with Investec for multiple lease assets. APOC’s majority shareholder, Egeria, has worked with Investec across several of its portfolio businesses and has provided instrumental support throughout. “Investec offered us a facility that would start relatively small, but which could grow over time”
Aviation e-learning platform Aeroclass has attracted US$1.2 million in seed funding from AeroCity Tech Ventures, a venture capital investing in aviation technologies. Aeroclass is the world’s first start-up to offer a modern online training platform specifically for aviation professionals. According to the company’s CEO and co-founder, Lukas Rasciauskas, Aeroclass aims to revolutionize the aviation training
Airbus SE (stock exchange symbol: AIR) has become a member of the new DAX40 index in Germany, effective today. On 3 September 2021, Deutsche Börse completed the expansion of the DAX from 30 to 40 companies as part of a comprehensive reform process and appointed Airbus, among others, to the German premium index. “We are
Avia Solutions Group has entered a strategic partnership with Certares Management (Certares), a US-based investment specialist dedicated to the travel, tourism and hospitality sectors, in which Certares will provide a €300 million (US$351 million) structured equity investment. The investment will help enable the next phase of Avia Solutions Group’s growth plan for services in passenger
Rolls-Royce has announced the agreed sale of its 23.1% shareholding in AirTanker Holdings to Equitix Investment Management for cash proceeds of £189m, including the repayment of shareholder loans and accrued and deferred interest of approximately £47m, subject to any routine closing adjustments and before transaction costs. The transaction is expected to complete by the end
