Air Canada launches private offering of enhanced equipment trust certificates

Air Canada launched a private offering of three tranches of enhanced equipment trust certificates with an aggregate face amount of U.S.$537,092,000 (the “Certificates”). Each class of Certificates will represent an interest in a related pass through trust. The trusts will use the proceeds from the offering to acquire equipment notes to be issued by Air […]

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Finnair to sell facilities at Helsinki Airport to Finavia

Finnair’s strategic objective is to double its Asian traffic by 2020 from the level of 2010. To enable its growth, Finnair has ordered 19 new Airbus A350 XWB aircraft, which also increase Finnair’s cargo capacity considerably. With a view to the growth of its cargo traffic, Finnair is constructing a new state-of-the-art cargo terminal to

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8 years later than initially anticipated, COMAC delivers first ARJ21 to Chengdu Air

A major milestone was reached in Chinese commercial aviation history with the delivery of COMAC’s first ATJ21 to Chinese Airline Chengdu Air. The project, which started back in 2002, finally came to fruition after many setbacks, caused mainly by a lack of aerospace design and engineering resources, together with a paucity of Chinese companies able

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Intrepid finances one Airbus A330-300 with DVB Bank and one Airbus A330-300 with Erste Bank

Intrepid Aviation announced the financing of one new Airbus A330-300 with DVB Bank. The aircraft delivered November 24th on long-term lease to EVA Airways. In addition, Intrepid Aviation also announced the financing of a second new Airbus A330-300 with Erste Bank. The aircraft was also purchased in November. Intrepid Aviation is a privately held commercial

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Final Boeing C-17 Globemaster III departs Long Beach assembly facility

The final Boeing [NYSE: BA] C-17 Globemaster III military airlifter at the company’s plant in Long Beach, Calif. departed on Sunday, Nov. 29, marking the official end of aircraft production in Long Beach. The airlifter flew over a crowd and the facility before heading to the company’s San Antonio location, where it will remain until

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Lufthansa and German trade union ver.di enter into collective labour agreement

Lufthansa and the German trade union ver.di agreed on an increase in remunerations for about 30,000 staff members from Lufthansa, Lufthansa Cargo, Lufthansa Technik and LSG Sky Chefs. As part of a comprehensive package, they also entered into a fundamentally reformed collective labour agreement regarding the corporate pension scheme. From April 2015 up until December

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Bombardier and Globalparts.Aero collaborate to enhance parts support for Learjet 20/30/50

Bombardier Business Aircraft and GlobalParts.aero have entered into a strategic collaboration for all inventory of the Learjet 20, Learjet 30, and Learjet 50 series aircraft. GlobalParts.aero, a Kansas-based aviation parts supplier, will take over the primary responsibility for all planning, stocking and distribution of aircraft parts of these Learjet series aircraft. “We are prepared to

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