Avolon Holdings launched its initial public offering of 13,636,363 common shares. The initial public offering price is currently expected to be between $21 and $23 per share, which would result in a total offering size of between US$86m and US$314m. All of the common shares are being offered by the selling shareholders. The selling shareholders
Delta reported that November traffic increase 5% compared to the previous year, while capacity increased 3.6% year over year. The load factor for November was 80.6%, up 1.2 points, compared to November 2013.
NetJets, a Berkshire Hathaway company and the worldwide leader in private aviation, took delivery of its 50th Signature Series aircraft. This is the third Challenger 350 to enter the fleet since June – the first one was delivered on June 28th, 2014. NetJets has orders with several aircraft manufacturers for up to 670 new state-of-the-art
The African Business Aviation Association, AfBAA, has signed a memorandum of understanding with Jet Support Services, Inc. (JSSI), the provider of hourly cost maintenance programs for the Business Aviation industry, to raise awareness of the importance of adopting best practices in aircraft maintenance. The strategic agreement, which was ratified at this year’s National Business Aviation
Transaero’s financial results under Russian Accounting Standards for the first three quarters of 2014 saw revenue from air operations increase by 6% in comparison with the same period of 2013 and reach RUB84.8bn (US$2.4bn). The airline’s cost reduction programme adopted in 2012 has delivered savings in the first three quarters of 2014, with selling costs
Panasonic Avionics is providing critical communications on board a high-tech flying hospital used to transport Ebola patients from Africa to overseas care facilities. An Airbus A340-300 aircraft, which is chartered from Lufthansa by the German Foreign office, has been converted into a hospital aircraft with isolation chambers for patients diagnosed as suffering from the disease.
OEMServices has launched an important extension program and has moved to a brand new facility of 6.500 m² (70,000 ft²) connected to CDG Airport. Fully adapted to OEMServices customer’s requirements, the new center integrates the AOG and distribution services, as well as customer front desk teams. “OEMServices has significantly grown over the past few years
Back in November 2010, 11 airlines were fined by the European Commission for fixing the price of air cargo between 1999 and 2006. The fines totalled €800m, ranging from €339.6 for Air France-KLM (including Martinair) to €8.2m for LAN Chile. The maximum fine was based on 10% of 2009 turnover for each airline. Interestingly, at
Rolls-Royce has announced an £18m investment in Bristol, UK, to support the TP400 engine. The TP400, produced by the Europrop International engine consortium in which Rolls-Royce is a senior partner, powers the Airbus A400M military transport aircraft which has just entered service with the UK’s Royal Air Force (RAF). The investment will fund the provision
Bombardier Commercial Aircraft officially welcomed Investec Bank to the family of Q400 aircraft lessors as Thai premium low-cost carrier Nok Air and the international bank and asset manager closed the sale and leaseback of two extra capacity Bombardier Q400 NextGen airliners. The 86-seat aircraft recently joined the carrier’s fleet as part of a purchase agreement
