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Moody's: Continued robust demand for aircraft will support aircraft financing in 2017

Azur Drones has a leading position on the civilian drones market

After raising two initial amounts for a total fund of €4.5 million in 2016, Azur Drones, a pioneer in the civilian drone sector, has raised an additional €2 million to accelerate its growth and confirm its leading position on the civilian drones market. Azur Drones is also confirming i...

Ryanair Issues €750m Eurobond At 1.125% Fixed For 6.5 Years

Ryanair announced that it has issued a 6.5 year, €750m, Eurobond at a fixed coupon of 1.125%. Ryanair is rated BBB+ (stable) by both Standard & Poor’s and Fitch Ratings. These ratings reflect the ratings of Ryanair’s business model which as a long established track record of pro...

Spirit Aero's quarterly revenue hurt by lower deliveries to Boeing

Aircraft parts maker Spirit AeroSystems Holdings Inc reported a lower-than-expected quarterly revenue on Wednesday as its biggest customer, Boeing Co, faces slowing demand for jetliners. Spirit's shares were down 4.59 percent to $57.30 in morning trading. Quarterly revenue was hurt by lower "pricing terms" for Boeing's 787 program and fewer production deliveries on the 747...

Rietumu Banka is the General Sponsor of the ‘Wings of Business’ Award

Rietumu Banka, one of the largest banks in the Baltics States, specialized in corporate banking and affluent individuals, announced its sponsorship of the ‘Wings of Business’ Awards, Russia’s national award in the field of business aviation. Within a decade business aviation worked its way up becoming one of the strong industries in Russia. Rietumu Banka recognizes the potenti...

JR Technologies and IATA Join Forces to Deliver Innovative Payment Solutions

JR Technologies has entered into an agreement with the International Air Transport Association (IATA) to design, develop, host, and operate the IATA Financial Gateway (IFG) payment solution - a turn-key information technology solution by IATA that will simplify the travel services suppliers shopping-to-cash process. IFG introduces a universal payment gateway allowing members to manage and optimize...

Brexit poses a threat to Ireland’s aircraft-leasing business

THE glass office blocks of Dublin’s docklands still stand proud; the banks that built them no longer do. The financial crisis of 2008 took down Ireland’s six biggest lenders. Within five years Dublin slid from being rated by Z/Yen, a London-based business think-tank, as the world’s tenth-best financial centre to its 70th. Britain’s readiness to leave Europe’s single m...

Embraer Announces Pricing Of Us$750,000,000 Notes Due 2027 Offering

Embraer S.A. hereby announces that it has priced an offering of US$750,000,000 notes due 2027 with yield of 5.400% per annum, issued through its wholly-owned subsidiary Embraer Netherlands Finance B.V. The notes will be fully and unconditionally guaranteed by Embraer. The notes have been registered under the U.S. Securities Act of 1933 and are expected to be listed on the New York Stock Exchange....

Rolls-Royce Launches LessorCare – A Pioneering Service For Lessors

Rolls-Royce is launching LessorCare, a pioneering new service tailored specifically to the needs of lessors. LessorCare, part of the wide range of services offered by Rolls-Royce, addresses lessors’ needs for a simple and flexible service offering. It draws together a range of services under one comprehensive framework, while still allowing lessor customers the opportunity to adapt the le...

Safran and Zodiac Aerospace, a new global leader in aerospace

Agreed Public Cash Offer by Safran of €29.47 per Zodiac Aerospace share and subsequent merger on the basis of 0.485 Safran share (ex-special dividend) for one Zodiac Aerospace share with pre-closing €5.50 per share special dividend to Safran’s shareholders. Unique combination to enjoy global leadership positions across the whole aircraft value chain with a comprehensive range of...

Fastjet raises $28m and welcomes new majority shareholder in bid to stabilise turbulent business

Struggling airline Fastjet has tapped its investors for $28m and signed up a new shareholder in an attempt to stabilise a business that has been rocked by losses and boardroom turbulence. The Africa-focused budget airline has raised gross proceeds of $28.8m after successfully placing 143m new shares. It has also agreed a deal with specialist aviation group Solenta for the provision and...

AIR FRANCE - KLM finalizes the transaction to sell 49.99% of the Servair share capital

Air France-KLM finalizes the transaction to sell 49.99% of the Servair share capital and transfer its operational control to airline catering company gategroup. Following the acquisition of gategroup by HNA on 22 December 2016, Air France and gategroup yesterday finalized the agreement for the sale to gategroup of 49.99% of the Servair share capital and the transfer of its operat...

Zetta Jet announces merger with Advanced Air Management and Asia Aviation Company

Zetta Jet, the fast-growing private jet operator based in Singapore, announced it has signed a definitive agreement on a merger with Advanced Air Management, a leading private aviation management company and Asia Aviation Company Pte Ltd, Singapore’s first locally-based and dedicated private aviation company. The acquisition will further advance Zetta Jet’s promise to deliver the ultim...

Lufthansa issues 1.2 billion euro promissory note

For the second time this year, Deutsche Lufthansa AG has placed a large-volume promissory note. The note was issued with maturities of five, seven and ten years. As a result, the group has secured a total of 1.2 billion euros in funding. Approximately half a billion euros of this amount has already been paid out in December 2016; Lufthansa will receive the remaining funds in January 2017. The f...

Bombardier Announces 2017 Guidance, Targeting Strong Earnings Growth and FCF Improvement

Targets EBIT growth before special items(1) of approximately 50%, to $530 million - $630 million Anticipates year-over-year free cash flow usage(1) improvement by approximately $400 million, to $750 million - $1.0 billion Expects low single digit revenue growth Affirms revised 2016 guidance and 2018-2020 financial objectives All amounts in this press release...

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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...