CarVal Investors, a leading global alternative investment manager, signed an agreement to acquire a majority holding of AerFin Limited from its current owner, Bob James. Mr. James will remain as the Managing Director and CEO going forward and will retain 20 percent of the company. “The acquisition of AerFin is a compelling investment in itself
Boeing set a record for the most commercial airplanes delivered in a single year at 723 in 2014, breaking the company record for a second consecutive year. The company also booked 1,432 net orders, carrying a value of US$232.7bn at list prices, breaking the previous all-time high set in 2007. Boeing’s unfilled commercial orders stood
Boeing and Air New Zealand have finalized an order for two additional 787-9 Dreamliners, valued at US$514m at current list prices. The order, booked in 2014, comes six months after Air New Zealand celebrated the first 787-9 delivery in July. “The entry into service program has gone very smoothly and we’ve been incredibly pleased with
Garmin International reported the certification of an Automatic Dependent Surveillance-Broadcast (ADS-B) solution for the Gulfstream G150, bringing NextGen compliance to this versatile mid-sized business jet. The Garmin GTX 3000 Mode S Extended Squitter (ES) remote transponder and GDL 88 ADS-B datalink combine to fulfill global ADS-B requirements while meeting the stringent demands of business and
Hawaiian Airlines filed an application with the U.S. Department of Transportation (DOT) to begin daily, non-stop service this summer between Tokyo International Airport at Haneda (HND) and Kona International Airport (KOA) on Hawai’i Island. The airline’s action was prompted by the U.S. DOT’s decision last month to review the public interest served by Delta Air
Taking Aviation Forward (TAF), a company focused on commercial aviation and known for innovative management, sales, and investments out of Pembroke Pines, FL, has acquired a partnering interest in Aviation Management (AMI). Aviation Management is a full service aircraft engine solutions provider. Its powerplant engineering consultants provide timely, cost-saving solutions to turbine engine operators worldwide.
Bristol Associates (Washington, DC), on behalf of the owner BLF (Bermuda), has completed the sale of five ex-UTAir Ukraine 2012 vintage ATR72-500’s (MSN’s 994, 1000, 1029, 1036 and 1037) to ABRIC Leasing (Ireland).
Even the most optimistic projections for airline profitability in 2014 seem to be exceeded as the price of crude oil continues to fall. This year oil futures figures have virtually halved and the price of a barrel of crude oil dropped below US$50.00 this week. In June it was projected that globally, airlines would make
From next year the Lufthansa Group will be fuelling their aircraft at Oslo airport with a biokerosene mixture. The Group recently became the first airline group to sign this kind of contract with the Norwegian oil company Statoil Aviation. The Company is thus pushing forward along the path of research, testing and use of alternative
AerCap Holdings has signed an agreement with China Southern, the largest airline in both Asia and The People’s Republic of China, for the lease of twenty-four Airbus A320neo family aircraft from its order book. The A320/A321neos will be delivered to China Southern between 2016 and 2019 and equipped with PW1100G-JM engines from Pratt & Whitney.
