Boeing has agreed to a plea deal to avoid a trial over a criminal fraud trial the company was facing. The trial would have levied allegations of criminal fraud against the company – but by pleading...
Norwegian has lowered its operating profit outlook for 2024 in its revision on July 4, 2024. The group is now forecasting an operating profit of NOK 2.1bn-2.6bn Norwegian krone ($198.5 million-245....
Philippine airline Cebu Pacific (CEB) has signed a Memorandum of Understanding (MOU) with Airbus for the purchase of up to 152 A321neo aircraft for $24bn at list prices. Cebu described the deal, on...
Carlyle Aviation has added another tranche to its asset backed securitisation (ABS) transaction AASET 2024-1. The Class A-2 notes are the second issuance from this transaction. The AASET 2024-1 rep...
The European Commission has approved Scandinavian Airlines' (SAS) €1.3bn ($1.4bn) restructuring aid plan, the Swedish airline said on June 28, 2024. ""The European Commission has today declared th...
Boeing's slew of mishaps and misfortunes have yet to slow to a halt since the Flight 1282 incident in January. Only a week after its current CEO Dave Calhoun faced off against an intense line of quest...
Airbus has cut its full year commercial aircraft deliveries from 800 down to 770 aircraft in its 2024 guidance update on June 25, 2024. Additionally, its ramp up target for A320 family aircraft of 75 ...
easyJet, Ryanair, and Wizz Air have collectively criticised the European Union’s (EU) new draft proposal a day after the proposal’s publication on June 18. The draft plans have proposed that internati...
Boeing CEO Dave Calhoun faced off against an intense line of questioning from US senators on June 18, 2024, on the company’s safety culture. “This hearing is a moment of reckoning,” said US Senato...
Carlyle Aviation has closed its $428.051 million single tranche asset backed securitisation (ABS) transaction AASET 2-24-1, the fourteenth iteration of its AASET series, which marks the reopening of t...
Deutsche Bank has acquired €1.67 billion ($1.78 billion) of loans from Norddeutsche Landesbank’s (NORD/LB) €2.75 billion ($2.9 billion) aircraft financing portfolio. NORD/LB has confirmed that the rem...
The joint liquidators of GTLK Europe are continuing with the sale of its fleet, the latest the launch of a sales process for an A321-211 aircraft located in Europe. The aircraft was formerly leased...
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