Avolon has raised $750 million in a new unsecured credit facility with a syndicate of seven banks predominantly in the Middle East and India. The floating rate facility, which has a three-year teno...
Air Charter Services (ACS) has promoted Elie Hanna to CEO of its Dubai office and will oversee the company's growth in the Middle East. ""Elie has enjoyed huge success with the company since he joi...
US airlines net losses were at $1.6bn after tax in the first quarter, falling further from its net loss of $1.2bn a year prior in the same period, according to consolidated first quarter reports filed...
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...
With both the major OEMs Airbus and Boeing underperforming in their deliveries and growing fears surrounding global aircraft shortage, a Bloomberg Intelligence report says these fears are overblown. 2...
Azerbaijan Airlines has leased two A320neos from CDB Aviation as part of the airline's fleet renewal strategy. ""The signing of these two leases marks the start of our fleet replacement to the most...
Business jet specialist ALTEA has completed the sale of a Bombardier Global 6000 on behalf of a private client. The aircraft, which has been in single ownership since new, will move from the Middle Ea...
Air Incheon has been selected as the preferred bidder by Korean Air for the sale of Asiana Airlines' global cargo freighter business on June 17. Korean Air said it selected Air Incheon based on the...
The major parties standing in the UK General Election have released their manifestos, with each party mentioning aviation to varying degrees. The Conservative party manifesto promises support for t...
The US Department of Transport (US DOT) has fined Emirates $1.5 million for what the DOT calls “unauthorized foreign travel”. Court documents, served on June 13, 2024, highlight the DOT claim that ...
Star Alliance member Croatia Airlines has signed a new maintenance, repair and overhaul (MRO) agreement with TP Aerospace. The agreement supports the requirements for its A220 fleet wheels. ""After...
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...
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