DVB Bank SE published its results for the first nine months of 2013. DVB continued to successfully provide financing solutions and advisory services to its clients in the international transport sector during the first nine months of 2013, despite the prevailing difficult situation in individual submarkets of international maritime shipping. Consolidated net income before taxes
MTU Maintenance Zhuhai, a joint venture between Germany’s leading engine manufacturer MTU Aero Engines and China Southern Air Holding Company, celebrated the MTU Maintenance group’s 1,000th overhaul of a General Electric CFM56. The engine was delivered to customer China Southern Airlines. The celebration event was opened by Frank Bodenhage, MTU Maintenance Zhuhai President and CEO,
BOC Aviation has priced its first offshore RMB-denominated bond. The coupon on the 5-year unsecured notes of RMB 1bn is 4.5% p.a. The notes will close on November 20th, 2013, subject to the satisfaction of customary closing conditions. The transaction was issued off BOC Aviation’s US$2bn Euro Medium Term Note Programme originally established in September
Japanese airline StarFlyer und Lufthansa Technik are extending and expanding their cooperation. The technical support provided since the airline began operating in 2006 is now being continued and even broadened through a Total Technical Support TTS contract valid through 2022. As part of its comprehensive supply of the airline’s current fleet of eleven Airbus A320s,
S.A.T., the holding company of the Berlin-based German carrier Germania, has taken delivery of its first out of two A321s on order. Both aircraft are equipped with Airbus’ wing tip fuel saving devices, called Sharklets. The airline has already been operating eight A319 successfully since 2011. The new Germania A321 will operate exclusively for Alltours,
Boeing and Xiamen Airlines celebrated the 100th airplane to join China’s only all-Boeing carrier. Formed in 1984 as China’s first joint venture between CAAC and a municipal government, Xiamen Airlines started services in 1985 with two Boeing 737-200s serving three cities. The carrier has grown into China’s sixth largest carrier serving 218 domestic routes and
Air Lease Corporation announced the pricing of its public offering of $700.0m in aggregate principal amount of 3.375% unsecured senior notes due 2019 (the “Notes”). The Notes were offered to the public at a price of 99.858% of par. The sale of the Notes is expected to close on November 19, 2013, subject to satisfaction
The weak visibility of air traffic development continues due to the uncertain economic outlook in Europe and slower growth in Asia. Fuel costs are expected to remain high in the last quarter of 2013, and the demand for air traffic is estimated to grow moderately. Due to the preparations already made for the possible strikes
Ahead of this year’s Dubai Airshow, Flying Colours Corp., the Canadian headquartered MRO, completion and refurbishment specialist has delivered its first special mission CRJ ExecLiner conversion to Sharjah, UAE-based operator Eagle Aviation FZC. The aircraft was delivered at the beginning of November following a refurbishment process of four months and incorporated complete Flying Colours Corp
Vector Aerospace UK, a leading provider of aviation maintenance, repair and overhaul (MRO) services, has been awarded an extension to the Lynx Aircraft and Component Servicing , Repair and Overhaul contract by the Ministry of Defence. The announcement, which will secure Lynx depth maintenance at the site, has rewarded the company’s commitment to the strengthening
