SMBC Aviation Capital to acquire Goshawk Aviation for US$6.7bn – will create second-largest global lessor

May 17, 2022

Japanese-owned, Dublin-based lessor SMBC Aviation Capital has agreed to purchase similarly Dublin-based global aircraft lessor Goshawk Aviation for an enterprise value of US$6.7bn. The deal, once completed will create the largest Japanese-owned aircraft lessor and the world’s second-largest lessor by dint of total assets exceeding US$37 billion, including those aircraft that will be on its

Aviator has extended its partnership with Ryanair

Ryanair posts full-year loss of €355 million

May 17, 2022

Ryanair Holdings has posted a full-year loss of €355 million (pre-exceptionals), compared to a prior-year loss of €1,015 million. FY22 scheduled revenues increased 156% to €2.65 billion. While traffic recovered strongly from 27.5 million to 97.1 million guests, the delayed relaxation of EU Covid-19 travel-restrictions until July 2021 (Oct. in the case of the UK

JetBlue urges Spirit shareholders to ‘vote no’ on Frontier transaction

May 17, 2022

JetBlue has filed a “Vote No” proxy statement urging Spirit shareholders to vote against the inferior, high-risk and low-value Spirit/Frontier transaction at Spirit’s upcoming special meeting. In addition, JetBlue commenced an all-cash, fully financed tender offer to acquire all of the outstanding shares of Spirit for US$30 per share, without interest and less any required

Norwegian struggles with fuel prices to limit losses, but protects cash position

May 16, 2022

Low-cost carrier Norwegian has released its first-quarter results of 2022 in what is a seasonally weakened quarter. Combined with the impact of the Omicron variant of the COVID-19 virus and the effects of the war in Ukraine on the aviation industry the result was an operating loss (EBIT) of NOK849 million, though the company was

Modern Aviation to acquire three Sacramento, CA FBOs

May 16, 2022

Modern Aviation has executed a definitive agreement to acquire Superior Aviation Company’s (SACjet) three Sacramento, CA FBO operations from Sacramento International Jet Center Incorporated (operating as Capitol Jet Center) at Sacramento International Airport, Mather Jet Center, Inc. (operating as Mather Jet Center) at Mather Airport, and Patterson Aviation Company (operating as Executive Jet Center) at

Willis Lease Finance Corporation reports first-quarter pre-tax loss of US$27.7 million

May 13, 2022

Willis Lease Finance Corporation has reported first-quarter total revenues of US$68.8 million. For the three months ended March 31, 2022, aggregate lease rent and maintenance reserve revenues were US$53.0 million and spare parts and equipment sales were US$6.6 million. The company reported increased total revenues in the first quarter when compared to the prior-year period,

Daher reimburses its loan guaranteed by the French government and secures €180 million in new funding

May 13, 2022

Daher has completed the company’s total reimbursement of the €110 million French government guaranteed loan (Prêt Garanti par l’État, PGE) granted in June 2020, while also securing funding of €180 million from new American investors and from its banking pool. These two new operations illustrate the confidence of Daher’s financial partners in the company’s management

Gol and Avianca to combine under umbrella of holding company

May 13, 2022

Brazilian airline Gol Linhas Aereas Intellegentes SA (Gol) and Columbia carrier Avianca have announced they are coming together under one umbrella in the form of a holding company named the Abra Group. While the two companies will remain independent, their combination will make them one of South America’s largest carriers that would be a match

Hawaiian Airlines to invest in REGENT to support its next generation 100-person capacity all-electric seaglider

May 12, 2022

REGENT has released that Hawaiian Airlines has agreed to strategically invest in the company to support the initial design of its next-generation 100-person capacity all-electric seaglider known as the Monarch. With this investment, Hawaiian Airlines becomes REGENT’s first U.S.-based design partner for the Monarch, which is slated for entry into commercial service by 2028. “Innovative

CDB Aviation signs facility agreement for US$530 million unsecured syndicated term loan

May 12, 2022

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has signed a US$530 million (£434 million) unsecured syndicated term loan with BNP Paribas and a group of leading global financial institutions. The facility was led by BNP Paribas as agent with funding from such leading aviation lenders as: BNP

Financial

SMBC Aviation Capital to acquire Goshawk Aviation for US$6.7bn – will create second-largest global lessor

Ryanair posts full-year loss of €355 million

JetBlue urges Spirit shareholders to ‘vote no’ on Frontier transaction

Norwegian struggles with fuel prices to limit losses, but protects cash position

Modern Aviation to acquire three Sacramento, CA FBOs

Willis Lease Finance Corporation reports first-quarter pre-tax loss of US$27.7 million

Daher reimburses its loan guaranteed by the French government and secures €180 million in new funding

Gol and Avianca to combine under umbrella of holding company

Hawaiian Airlines to invest in REGENT to support its next generation 100-person capacity all-electric seaglider

CDB Aviation signs facility agreement for US$530 million unsecured syndicated term loan

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