CMB Financial Leasing has announced the closing of a financing facility for the refinancing of 3 aircraft currently in its fleet. The aircraft portfolio – consisting of one A330-300, one 737-800 and one A320-200 – are currently on long-term finance leases to China Southern Airlines. CMB Financial Leasing mandated Morgan Stanley and DVB Bank as
EQT VI has agreed to acquire a majority stake of Nordic Aviation Capital A/S, a lessor of turboprop aircraft for the global airline industry, and enter into a partnership with Martin Møller, NAC’s founder and Chairman. Martin Møller will continue as Chairman of the Company, and will remain a significant shareholder and will contribute around
Airline pilot training and resourcing company CTC Aviation has announced a new five-year simulator usage agreement with one of Europe’s leading low-cost airlines, Norwegian. The new contract will support the airline’s expanding training requirements up to 2020. CTC Aviation is providing Norwegian with the use of their newest simulator – a Boeing 737-800W full-flight, modular
STG Aerospace announced the completed installation of a saf-Tglo SuperSeal UltraLite (SSUL) emergency floorpath marking system with OverCarpet and a liTeMood LED cabin lighting system on the Boeing 757-200 operated by DreamJet trading as La Compagnie. La Compagnie operates scheduled flights to New York from both Paris and London, business class only. The 757 aircraft’s
Avolon, the international aircraft leasing company, posted results for the second quarter of 2015 with net income up 133% to US$56m versus the second quarter in 2014, while adjusted net income was up 83% to US$62m versus the previous year. Avolon reported that it sold three aircraft in the second quarter, with a net book
DVB Bank, a leading international transportation finance specialist, closed refinancing facilities for up to eight aircraft on behalf of global aircraft lessor AWAS. The facilities included five Airbus single and twin aisle aircraft & three single aisle Boeing aircraft covering terms of 3 to 4 years. DVB Bank acted as sole arranger, agent and underwriter
Willie Walsh, International Airlines Group (IAG) CEO, has made it clear he will “not be supporting” the Airports Commission’s proposals for a third runway at Heathrow, as he believes the costs for its creation are “outrageous.” His principal problem with the proposal for a third runway is based on the financial aspect as he cannot
The International Air Transport Association (IATA) criticized the decision by the French Government to allow the operator of Paris-Charles de Gaulle (CDG) and Paris-Orly (ORY) airports to continue increasing airport charges for each year of the 2016-2020 period. The French government’s decision ignores the recommendation of the independent Airport Consultative Commission. The Commission concluded that
HNA Group and PAI Partners SAS (“PAI Partners”), a private equity fund, have signed an acquisition agreement in relation to the acquisition of 100% equity interest in Swissport Group, one of the world’s largest ground services and cargo handling services provider in Zurich. The total transaction value was approximately CHF2.7bn (approximately RMB17.5bn). The acquisition is
FedEx confirmed that the European Commission has initiated a Phase II review in connection with FedEx’s intended public offer to acquire all the issued and outstanding shares of TNT Express N.V. This is the next step in the process where the European Commission conducts an in-depth analysis under the EU Merger Regulation before coming to
