Arctic Aviation Assets Ltd (AAA), a wholly owned subsidiary of Norwegian Air Shuttle ASA(Norwegian), has arranged for pre-delivery payment financing (PDP) of fifty Airbus 320 Neo aircraft scheduled for delivery in 2016 to 2019. The facility that covers PDP financing for deliveries until the end of 2019 is structured as a revolving credit facility.
‘These deliveries in the next 4 years are key to the Norwegian Group’s future growth plans, and thePDP financing facility is a milestone in Norwegian’s ongoing program for financing direct-buy aircraft. We are very satisfied with the long-term commitment and confidence from our financing partners’ said Frode Foss, CFO of Norwegian.
Airbus forecasts that demand for aviation services will more than double between 2026 and 2045, exceeding US$420 billion in value. Driven by a compound annual growth rate (CAGR) of 3.8%, the sector wi...
Embraer and LATAM Airlines Group have signed a Component Pool Program agreement to support the airline's introduction of 24 Embraer E195-E2 aircraft. In addition to the firm order, LATAM retains o...
NetJets is elevating its premium ground experience with the introduction of new exclusive-use private terminals at Dallas Love Field (DAL), Washington Dulles International Airport (IAD) and Colorado&r...
From Learjets and Challengers to turboprops such as the Pilatus PC-12, different aircraft bring different capabilities to a medical flight. Sebastian Demiet, COO of MTI 24/7, explains why aircraft sel...
