Financial

Wizz Air Holdings, the largest low-cost airline in Central and Eastern Europe, issued an unaudited interim management statement for the three months to June 30th, 2016 (first quarter, Q1, F2017). Total revenue increased 9.8% in Q1 to €364.9m and reported net profit was €50.7m in Q1, a year on year increase of 54.2%. Underlying net […]

For the second quarter of 2016, United Airlines reported total revenue was US$9.4bn, a decrease of 5.2% year-over-year. Second-quarter 2016 consolidated passenger revenue per available seat mile (PRASM) decreased 6.6% and consolidated yield decreased 6.1% compared to the second quarter of 2015. The decline in PRASM continues to be driven by factors including a strong

Spectre Air Capital, has completed the purchase of Stands on Demand (SOD). SAC will continue to operate the engine stand leasing business and will launch a new platform in short order. As part of the transaction the owners of SOD will own a minority share in the new joint company. Jordan Jaffe, CEO of SAC,

Qatar Airways has signed a contribution and shareholders agreement with Alisarda, the parent company of Meridiana. The agreement provides for Qatar Airways to purchase 49% of Meridiana fly’s shares, subject to the fulfilment of certain conditions, before the closing which is planned for early October. Qatar Airways Group Chief Executive, Mr. Akbar Al Baker, said:

Rolls-Royce Holdings will purchase the outstanding 53.1% shareholding in Industria de Turbo Propulsores SA (“ITP”) owned by SENER Grupo de Ingeniería SA (“SENER”). The acquisition strengthens Rolls-Royce’s position on its Civil Aerospace large engine growth programmes by capturing significant additional value from its long-term aftermarket revenues, including the high volume Trent 1000 and Trent XWB

HNA Group and gategroup Holding AG entered into a definitive transaction agreement on April 11, 2016, pursuant to which HNA launched an all cash public tender offer for all publicly held registered shares of gategroup. On July 7, 2016, HNA published the definitive notice of the interim result and declared the tender offer successful. The

LORD Corporation announced has completed the acquisition of Fly-by-Wire Systems France (FbW). Based in Saint-Vallier, France, FbW designs and manufactures cockpit controls, sensors, dampers and electromechanical actuators primarily for fly-by-wire systems on commercial fixed-wing aircraft. LORD announced its intentions to acquire FbW in March pending necessary governmental approvals and closing actions by both parties. FbW

In September 2013, SAS sold 80% of the shares in Widerøe AS (Widerøe) to WF Holding AS (WF Holding), an investment company controlled by Torghatten ASA. At the same time SAS informed that the remaining shares would be divested during 2016. SAS has now together with the WF Holding agreed to sell the remaining holding

Aircastle Limited has entered into a new US$400.5m term facility secured by 17 aircraft. The facility has a maturity of seven years and includes an accordion feature allowing for US$67.5m in additional future funding. Funding of the facility will take place through several draw-downs, with the first one, for US$167.3m, having taken place on June