Rolls-Royce & Partners Finance (RRPF) and DVB Bank SE (DVB) as investment advisor to the Deucalion Aviation Funds have completed a sale and lease-back transaction to finance V2500-A5 engines installed on five A320-200 aircraft. The aircraft were subject to existing leases purchased from Mitsui & Co US and are all on lease in the Americas
Bombardier announced the pause of its Learjet 85 business aircraft program. The pause is due to weak demand for the Learjet 85 aircraft and follows a downward revision of Bombardier’s business aircraft market forecast. This reflects the continued weakness of the Light aircraft category since the economic downturn. As a result, the Company will record
AAR reported that its Airlift division has been awarded a contract by the United Kingdom Ministry of Defence for Search & Rescue (SAR) and Support Helicopter services in the Falkland Islands. The contract is valued at approximately US$275m (approximately £180m). AAR Airlift, together with British International Helicopters (BIH) and Air Rescue Systems (ARS), will provide
MBA Aircraft Solutions, on behalf of its clients, has completed the sale of three Rolls-Royce RB211s to AAR Corp (Wood Dale, IL).
Air Astana, Kazakhstan’s flag carrier, has reported an operating profit of US$97.7m in 2014, an increase of 35% over 2013 and the highest in the company’s 13 year history. Net profit fell by 62% to US$19.3m owing to a one-off revaluation of external debt of US$49m caused by the devaluation of the Kazakh tengue by
Air Transport Services Group has completed a new agreement that extends its support of DHL’s air cargo network in the United States through at least March 2019. Principal elements of the new agreement include: • Extended dry leases through March 2019 for the 13 Boeing 767 freighters currently leased to DHL for its U.S. air
It was on December the 9th 2014, that it was first announced AAC Corp, headquartered in Wood Dale, Illinois were looking to sell Telair, a cargo-loading systems manufacturer it bought back in 2011 for US$280m together with Nordisk Aviation Products A S (Nordisk) from Teleflex Incorporated. This week AAC have announced that they want all
H.I.G. Capital, a leading global investment firm, announced that its affiliate has completed the acquisition of an equity interest in Aviapartner, thereby becoming the majority shareholder alongside the Group’s Chairman and management. Aviapartner is a leading European provider of airport ground handling services with 60 years of experience. Aviapartner provides ground handling services for passengers
AerCap Holdings N.V. signed 249 aircraft lease transactions in 2014. Furthermore, the company purchased 33 and sold 83 aircraft. This means that AerCap leased, purchased or sold an aircraft every day. The full year numbers include aircraft transactions of the combined company for the period after closing of the ILFC acquisition on May 14th. Aircraft
Continuing with its aviation technology leadership in Africa, Ethiopian has acquired the first ever B787 Dreamliner full flight simulator in Africa. The installation and build-up of the full flight Simulator is in progress at Ethiopian’s main Hub in Addis Ababa and the first pilot training in the B787 flight simulator will start in March, 2015.
