Bombardier Commercial Aircraft’s all-new C Series aircraft program has begun the ramp-up to full production. The final assembly facility is fully equipped and production is progressing according to plan with aircraft in various stages of the build sequence. Additionally, Bombardier also confirmed that the CS100 aircraft that is scheduled to be delivered to first operator
Atlas Air Worldwide has entered into a definitive agreement to acquire privately held Southern Air Holdings, a premier provider of intercontinental and domestic air cargo services, in an immediately accretive, all-cash, debt-free transaction valued at approximately US$110m. The transaction is subject to customary closing conditions and approval by the U.S. Department of Transportation, and is
With the International Atomic Energy Agency (IAEA) certifying Iran’s compliance with technical constraints on its nuclear program, sanctions, which have been in place and implemented after the Iran Revolution since 1979, with additions in 1995 and those implemented subsequent to the passing of the UN Security Council Resolution 1696 in 2006, are now set to
On the 4th January we reported that Etihad airlines had lodged an appeal over the revocation of 29 of its 61 original codeshare agreements with Germany’s second-largest airline, airberlin, which were put in place when it acquired a 29.2% stake in the company. Those agreements were due to be suspended from the 16th January and
It was on the 17th July 2014 that Malaysia Airlines flight MH17 crashed in the war-torn Donetsk region of Eastern Ukraine killing all 298 passengers and crew on board. On the 13th October the Dutch Safety Board released its final report in which it concluded the aircraft had been struck by a BUK surface-to-air (SAM)
Embraer delivered 33 commercial and 45 business jets, 25 of which are light jets and 20 are large, during the fourth quarter of 2015 (4Q15). The company ended the full year with 101 aircraft delivered to the commercial airline market and 120 to the executive aviation market, totaling 82 light and 38 large business jets.
American Airlines has written off over US$½billion trapped in Venezuela as a result of insurmountable currency controls. They have confirmed that the airline will include a USD$592 million special charge for the last quarter 2015 “due to continued lack of repatriations and deterioration of economic conditions in Venezuela.” Concerns over the amount of money trapped
Bombardier Business Aircraft continues to restructure and enhance its business model to improve long-term profitability. To that end, the business segment has completed initiatives to increase the number of direct-to-market channels, including termination of third-party sales representative and distribution agreements, as well as the restructuring of customer commercial agreements. As a result of these agreements,
Global Fixed Income Fund I has financed the US$26m junior tranche of a 12-year finance lease for two Boeing Aircraft operated by Norwegian Air Shuttle. The senior lender is Norddeutsche Landesbank Girozentrale (Nord/LB) with a loan volume of US$68m. Doric GmbH is responsible for the asset management of the aircraft. Floreat Group is a privately-held,
Rolls-Royce has launched a new engine service, SelectCare, continuing its reputation for service innovation and expanding the customers’ choice of competitive, capable and flexible services across the engine lifecycle. SelectCare fits between Rolls-Royce’s fully comprehensive TotalCare service, which maximises engine time on wing in addition to giving long-term cost certainty on a dollar-per-flying-hour basis, and
