Financial

Rolls-Royce has announced a £150m investment in new and existing civil aerospace facilities in the UK to support the planned doubling of engine production and deliver on its record civil aerospace order book. The investment, which will be made over the next few years, is part of Rolls-Royce’s ongoing industrial transformation and will provide additional […]

Israel Aerospace Industries (IAI) is investing millions of dollars in two cyber companies in Holland and Hungary, IAI has announced at the Cyber Week conference held in Tel-Aviv, Israel. The investments, which are carried out through the IAI’s Cyber Division, are meant to expand IAI’s cyber R&D and its global footprint in this field. In

SmartLynx Airlines, the third largest passenger carrier in Latvia, reported that net turnover in 2016 increased by 18% to €108.4m. Aircraft wet lease services represented 53.3% of the company’s business portfolio, with charter flights taking up another 45.5%. The aircraft wet lease (ACMI) services net turnover made up €57.7m in 2016, or 15.3% more than

HEICO Corporation announced that its Flight Support Group has acquired 100% of Carbon by Design, a growing manufacturer of composite components for UAVs, rockets, spacecraft and other specialized applications. The purchase price and financial details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings within the first year

SIA Engineering Company and GE Aviation have agreed to establish a new engine overhaul joint venture based in Singapore. The joint venture will provide a full range of engine maintenance, repair and overhaul (MRO) services for the GE90 and GE9X engines. The GE90 engine exclusively powers the Boeing 777-300ER and 777-200LR, and the GE9X engine

Caisse de dépôt et placement du Québec (CDPQ), a leading institutional asset manager, and GE Capital Aviation Services (GECAS), have signed a commitment letter to create a US$2bn global aircraft financing platform. The transaction is subject to conditions including any required regulatory approvals. This new platform, to be named Einn Volant Aircraft Leasing (EVAL), will

TrueNoord, the regional aircraft lessor, has closed the final term financing facility with DVB bank and PK AirFinance for the remaining two of the six Embraer E190 aircraft that it purchased from BOC Aviation earlier this year with leases attached. These two aircraft are operated by Air Astana. This new portfolio of six globally operated

GA Telesis has closed a new five year, US$225m ABL credit facility led by HSBC Securities USA and Fifth Third Bank as Joint Lead Arrangers. The company originally sought a new US$200m facility. Due to overwhelming interest from existing and new banks, however, the company upsized the facility with better terms than its previous credit