Financial

Independent global helicopter leasing company Waypoint Leasing, has extended the maturity on two of its existing revolving credit facilities. In aggregate over US$390m of revolving credit commitments extended across seven lenders, with over US$100m now maturing in late 2019 and over US$280m in late 2020. The company will use the proceeds to support its aircraft […]

In order to protect its stateside operating interests, Alitalia has filed for Chapter 15 bankruptcy protection through the U.S courts. U.S Bankruptcy judge Sean Lane has granted the Italian flag carrying airline a restraining order that will last for 10 days and unless any creditors object, the order will automatically be extended until June 26.

TrueNoord, the regional aircraft lessor, has reported that funds managed by BlackRock, a global asset management firm, will be co-investing in its portfolio of leased aircraft assets alongside Bregal Freshstream who invested in the company in 2016. This significant and forward-looking agreement will enable TrueNoord to intensify the pace of its acquisition strategy in the

Qatar Airways has released its annual report for the fiscal year 2017 (April 1st 2016 to March 31st 2017) revealing a 21.% year-on-year net profit increase. The results also show an annual revenue increase of 10.4%. Qatar Airways’ Available Seat Kilometres (ASK) increased by 21.9% in the fiscal year 2017, to 185,208 million. During the

GE Aviation has acquired OC Robotics, the world’s leading designer and manufacturer of commercial snake-arm robots and software for confined and hazardous environments. Founded in 1997 in Bristol, UK, OC Robotics’ robotics expertise will support GE Aviation’s Services organization. “OC Robotics will play an important role in how we service our customers’ engines,” said Jean

Only weeks after TUI had said that negotiations with Etihad to create an airline specifically targeting the leisure-focused budget airline sector of the German, Austrian and Swiss markets, the Gulf carrier has walked away from the deal. The proposal involved Niki, a subsidiary of partly Etihad-owned Air Berlin, and TUI fly, a subsidiary of the

SOCOMORE and the owners of ELIXAIR have signed an agreement under which Socomore acquires the company and signs an exclusive worldwide license for the commercialization of composite plastic scrapers that allow easy removal of adhesives and cured sealant residues. Along with the Skywipes, the Skyscrapers line of products are complementary to SOCOMORE pre-saturated wipes for

Safran Ceramics, along with co-shareholder Mitsubishi Chemical Corporation, have started exclusive discussions with Hexcel to sell all shares and voting rights in the company Structil, jointly owned by Safran Ceramics (80.05%) and Mitsubishi Chemical Corporation (19.95%). Structil become part of Safran when the latter acquired SNPE’s energetic materials business in 2011. Structil designs, produces and

The International Air Transport Association (IATA) revised its 2017 industry profitability outlook upwards. Airlines are expected to report a US$31.4bn profit (up from the previously forecast US$29.8bn) on revenues of US$743bn (up from the previously forecast US$736bn). “This will be another solid year of performance for the airline industry. Demand for both the cargo and

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, has reported its financial results of 2016 recording significant increase in business volumes – company’s revenue tripled to €80,8m, operating profit jumped by 75% from €13,9m in 2015 to €23,1m in 2016. Net profit grew from €9,1m to €16,1m. The company’s rapid growth was largely