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Rolls-Royce breaks ground on new testbed as part of £150m investment in UK aerospace facilities

New Owner: Great Plans for Diamond Aircraft

End of 2017 Wanfeng Aviation Industry Co., Ltd. acquired Diamond Aircraft Industries GmbH (DAI Austria), Diamond Aircraft Inc. (DAI Canada) and Austro Engine GmbH (AE). The new owner introduces the future group strategy with a focus on continued growth and DAI Austria as global headquarters, where i...

AviaAM Financial Leasing China delivered three brand new Airbus A320 aircraft to Aeroflot - Russian Airlines

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, announces that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has recently delivered three brand-new Airbus A320-214 aircraft to the Russ...

XTI Aircraft Company to file with SEC to increase share price

XTI Aircraft Company (XTI) announced it is preparing to file papers with the U.S. Securities and Exchange Commission to increase the price of its shares from $1.00 to a minimum of $1.50. The share price will remain at $1.00 for a period of weeks until XTI finishes preparing its audited financials and submits its filing to the SEC. When the SEC approves the incr...

Air Arabia Plans for More Destinations and a Bigger Fleet

The aviation industry is one where the potential for profit is great, but it is also extremely competitive and faces some serious challenges in the short to medium term. Whilst areas like private jet charter are growing, there are issues with capacity and companies must box clever if they are to expand at a rate that matches demand, as is currently the case with Middle Eastern carrier, Air Arabia....

XTI Aircraft on Schedule with Development of Flying Prototype

XTI Aircraft Company (XTI) announced it is on schedule and on budget as it completes the ducts and fans for its 60% scale flying prototype of the TriFan 600 aircraft and moves toward ground testing those components. “In this Phase 2,” explained Robert LaBelle, Chief Executive Officer of XTI, “we’re fabricating the wing ducts and fans and will perform gro...

Step forward in financial strategy, revolving credit facility renegotiated

Significant reduction of margins, down 25bp, and positive effects expected on the financial charges Size reduced, down to €1.8bn, and duration extended to 2023 Leonardo signed a new Revolving Credit Facilities with a pool of domestic and international banks. The RCF envisages the payment of a spread of 75 basis points above Euribor, 25 basis point l...

Boeing HorizonX Invests in Advanced Battery Technology Startup Cuberg

High-energy battery could accelerate the electrification of transportation Boeing announced its investment in Berkeley, Calif.-based Cuberg, Inc., a startup founded by former Stanford University researchers developing next-generation battery technology for potential aerospace and industrial applications. Cuberg developed an advanced battery cell that is designed to be a d...

Magnetic MRO continues to grow with a new strategic investor

Magnetic MRO, a global Total Technical Care maintenance and asset management organisation, has announced change in its shareholder structure. Its major shareholder, a private equity firm BaltCap, together with minority shareholders, are selling 100% of the shares in Magnetic MRO to Guangzhou Hangxin Aviation Technology (“Hangxin”). Magnetic MRO has grown over the past 5 ye...

SmartLynx signs wet lease agreement with German leisure airline Condor

In December 2017 SmartLynx Airlines Ltd. signed a long-term wet lease agreement for 2018 with the German leisure airlines Condor Flugdienst GmbH. According to the agreement between SmartLynx and Condor, SmartLynx will wet lease to CONDOR an Airbus A321 with Latvian Registration mark YL-LCQ /MSN 2211 from 7 January to 31 March 2018. The aircraft will operate from the base in Munich Air...

Diamond Aircraft Group acquired by Wanfeng Aviation Industry

Diamond Aircraft Industries GmbH (Austria) and Wanfeng Aviation Industry Co., Ltd., are delighted to jointly announce the completion of the acquisition of Diamond Aircraft Group by Wanfeng Aviation Industry Co., Ltd. This acquisition assures the continued long term future of the Diamond brand, with plans to increase global sales volume, expansion of the distribution and support networks, and conti...

Boeing Board Raises Dividend 20 Percent, Establishes $18 Billion Share Repurchase Authorization

The Boeing board of directors declared the company's quarterly dividend will increase 20 percent to $1.71 per share. The board also replaced the existing share repurchase program with a new $18 billionauthorization. "Boeing's strong and growing cash flow allows us to deepen our commitment to provide competitive returns to our shareholders, while continuing to in...

Rolls-Royce obtains final approval for acquisition of ITP

Rolls-Royce has obtained the approval of all the relevant authorities for the acquisition of the outstanding 53.1% shareholding in Industria de Turbo Propulsores SA (“ITP”) owned by SENER Grupo de Ingeniería SA (“SENER”). Approval from the authorities in Spain paves the way for Rolls-Royce to conclude the acquisition, which was originally announced on 11 July 2016....

GECAS Takes Delivery of Its 394th – and Last – Next-Generation 737

Culminating a 20-year history of new orders for the type, GECAS has received its 394th and final skyline order of Boeing’s Next Generation 737. Just over a month prior to Boeing delivering its first 737 MAX to GECAS in January, the lessor took delivery of its final skyline NG order last week. With an initial order placed in 1996, GECAS’ NG orderbook accounts for roughly one of...

Boeing Forecasts Stable Growth and Funding Diversification for Aircraft Financing in 2018

Approximately $139 billion in new aircraft funding needed in 2018, up $17 billion from 2017 Innovations in aircraft finance bolster customer choices in a healthy financing market Boeing anticipates diverse markets and participants will continue the upward trend in availability of efficient financing for record new aircraft deliveries in the next year. Now in its tenth year, the annua...

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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...