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Air Lease Corporation takes delivery of its first U.S.-manufactured A321 aircraft

CDB Aviation and Evelop Airlines Sign Lease Agreement for One A330-300 Aircraft

CDB Aviation announced that the company entered into a lease agreement with Palma de Mallorca-based Evelop Airlines (“Evelop”), covering one Airbus A330-300 aircraft. “We are pleased to welcome our new customer, Evelop Airlines, to CDB Aviation’s rapidly expandi...

BigBlank, the startup studio dedicated to creating the travel of tomorrow

BigBlank plans to launch its first startup by Q1 2019, thanks to unprecedented expertise and resources Created in June 2018, BigBlank, the startup studio dedicated to tomorrow’s travel and travellers, unveils its business operations. With a core team of 12 people - travel experts and entrep...

ExecuJet celebrates strong Q4 in Europe with extended fleet

ExecuJet, part of the Luxaviation Group, is celebrating a strong conclusion to 2018 with the signing of four new aircraft in Europe. The business aviation operator has engaged the management of a Bombardier Challenger 605 and an Embraer Phenom 300, both available for full charter services through ExecuJet. It has also signed an Embraer Legacy 600 and a Bombardier Global 6000, to be pr...

Airspace Technologies Raises $20 Million Series B Led by Scale Venture Partners

Airspace Technologies, the company that is digitizing air cargo and time-critical logistics, announced today that it has raised $20 million in Series B funding to expand globally and accelerate its next-generation delivery network and enterprise software platform. The round was led by Scale Venture Partners with participation from existing investors Qualcomm Ventures, Defy.vc,...

CDB Aviation Takes Delivery of Its 100th A320 Family Aircraft from Airbus

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the company took delivery of its 100th Airbus A320 Family aircraft. The A320neo aircraft, which will be operated by India’s low-cost carrier Go Airlines Ltd. (“GoAir”), is part of a purchase and leaseback agreement signed with the car...

Bristow Group To Combine With Columbia Helicopters In A $560 Million Transaction

Bristow Group Inc., the leading provider of global industrial aviation services, announced that it has signed a definitive agreement to combine with privately-held Columbia Helicopters, Inc. ("Columbia") for $560 million. Columbia will be designated as an unrestricted subsidiary under the Columbia name and air operating certificate (AOC). Bristow ex...

CAE to acquire Bombardier Business Aircraft Training for US$645 million to expand its position in business aviation training

CAE has agreed to acquire Bombardier’s Business Aircraft Training (BAT) business for an enterprise value of US$645 million, expanding its ability to address the training market for customers operating Bombardier business jets, which at more than 4,800 aircraft, is one of the largest and most valuable in-service fleets of business aircraft in the world. The acquisition will also serve to expa...

Aircraft to Aid Carrier to Meet Demand from India's Fast-Growing Commercial Aviation Market

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), today announced that the company signed an agreement with India’s low-cost carrier SpiceJet Ltd (“SpiceJet”) for the long-term lease of three Boeing 737 MAX 8 aircraft. “We are pleased to forge this new agreement with SpiceJet for an a...

Air Partner Freight continues strong growth trajectory in H1 2018

H1 2018 highlights: Gross profit up 36.4% to £1.5m (H1 2017: £1.1m) Strong demand from Automotive and Aerospace clients Continued investment in regional teams Following on from a record 2017, the Freight team at Air Partner has enjoyed a busy and fruitful first half of the financial year, winning cargo mandates from a variety of new and existing customers. As was recentl...

First Lessor to Provide Aircraft to Vietnam’s Start-up Carrier

CDB Aviation Lease Finance DAC (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced the signing of a lease agreement for three new Airbus A320-200neo aircraft with Vietnam’s new start-up carrier, Bamboo Airways. CDB Aviation is the first aircraft leasing company to lease new aircraft t...

Norwegian reports a result of 1.6 bn NOK (£149 million) in the third quarter

Norwegian (NAS) reported a result (EBT) of 1.6 billion NOK (£149 million) for the third quarter 2018. The company continued to reduce its unit costs despite a capacity growth of 33 per cent. Going forward, the growth will abate, consequently further reducing unit cost. The net profit for the third quarter was 1.3 billion NOK (£121 million), an improvement of 18 per cent compared to...

NAC is pleased to announce that it has committed to lease two ATR 72-600s to Manta Air, the new domestic airline in the Maldives

NAC has committed to lease two ATR 72-600s to Manta Air, the new domestic airline in the Maldives. The first aircraft will be introduced in November 2018, with the second planned to join Manta Air’s fleetbefore the end of the year. The aircraft will ensure improved connectivity between the beautiful Maldivian atolls. They will be initially operating from the main Velana International Ai...

New ownership and bright future for Monarch Aircraft Engineering

Monarch Aircraft Engineering (MAEL) has agreed the terms of its new ownership structure, with a transaction in which Greybull Capital LLP becomes the majority shareholder in the leading aircraft MRO provider. MAEL’s lenders PNC will continue to provide facilities and support, and many of the operator’s key customers have also expressed their support for the business as the restructu...

Embraer Delivers 15 Commercial and 24 Executive Jets in 3Q18

During the third quarter of 2018 (3Q18), Embraer delivered 15 jets to the commercial aviation market and 24 business jets, being 17 light jets and 7 large jets. On September 30, Embraer’s firm order backlog totaled USD13.6 billion. Regarding the commercial aviation market, Embraer forecasted in its Market Outlook a demand for 10,550 new aircraft with up to 150 seats worldwide over t...

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Essential news

Avolon places landmark order for 110 Airbus A320neo and A330neo aircraft

Avolon, one of the world’s leading aviation finance companies, has reinforced its long-term growth strategy with a firm order for 110 Airbus aircraft, including 35 A330-900 widebodies and 75 A32...