VistaJet Malta Finance P.L.C. and VistaJet Co Finance LLC, subsidiaries of VistaJet Group Holding SA have now closed their offering of US$300m aggregate principal amount of 7.750% senior unsecured notes due 2020. Interest on the 5-year notes is payable semi-annually on June 1st and December 1st, beginning on December 1st 2015. The notes are guaranteed
AJW Aviation has signed an agreement for an additional two A320 aircraft under the auspices of its ten year PBH contract with Lithuanian airline, Avion Express. “The power-by-the-hour support that AJW provides for this part of our European operation now covers all fourteen A320 aircraft; offering full ATA coverage and on-site stock” said Aleksei Lupitski,
According to the International Bureau of Aviation (IBA), deals within the aviation industry are now subjected to even greater scrutiny to safeguard the interests of investors and owners. It has become a data intensive environment to satisfy the stringent reviews of credit committees and other risk analysts’ teams. Understandably so, considering the money invested in
It has been reported that on Monday, May 25th, this week two US fighter jets escorted Air France flight 22 to JFK airport. This plane was a one of a number of US- bound commercial flights which were subject to anonymous threats on Monday, possible all from the same source. US officials have indicated that
Embraer Defense & Security held the delivery ceremony of the first modernized AF-1 (AF-1B) fighter jet to the Brazilian Navy at its industrial plant in Gavião Peixoto, in outstate São Paulo. The ceremony was attended by the Navy Commander, Fleet Admiral Eduardo Bacellar Leal Ferreira, and officers of the High Command of the Brazilian Navy.
Lockheed Martin, who act as the Ministry of Defence’s prime contractor for the Merlin helicopter have selected a new generation of the Thales Searchwater radar and Cerberus mission system to be fitted to specially adapted Merlins to provide the Navy with an airborne surveillance and control capability (ASaC). The fleet of Merlin helicopters will replace
Ryanair reported a full year net profit of €867m, ahead of previous guidance. Traffic for the whole year was up 11% to 90.6m as load factors rose from 83% to 88%. Unit costs ex fuel were flat (including fuel they fell 5%), while net profits rose 66% as net margin jumped from 10% to 15%.
KLM UK Engineering have been awarded the exclusive CityJet multi-year contract to perform heavy maintenance checks on their BAe Avro RJ85 aircraft. KLM UK Engineering has been working with CityJet for over 20 years on their fleet. Cityjet is an Irish Airline, founded in 1993, and has its headquarters in Dublin, with Operational Bases in
Dubai Aerospace Enterprise (DAE) signed a definitive agreement to sell 100% of StandardAero to an affiliate of Veritas Capital. Terms of the transaction were not disclosed. DAE Managing Director Khalifa H. AlDaboos said: “StandardAero is one of the world’s largest independent MRO platforms with clients in over 70 countries. DAE acquired StandardAero in 2007 and
MTU Maintenance Berlin-Brandenburg and the Pratt & Whitney Canada Customer Service Centre Europe (CSC) are celebrating 4,000 repaired Pratt & Whitney Canada engines. The jubilee engine, a PW305A was delivered to Aero-Dienst GmbH & Co. KG, Germany’s second-oldest commercial operator and provider of business aviation services such as maintenance, operations, aircraft sales and aircraft management.
