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United Airlines Cargo Goes Live With RTS Cargo Revenue Management Solution

FLY Leasing Acquires New Boeing 737-800

FLY Leasing Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing, today announced it has acquired a new Boeing 737-800 aircraft in a sale and leaseback transaction with an airline. The aircraft is on lease until 2027. "This brand new B737-800 is our latest acquisit...

Swedish equity fund EQT VI takes majority state in Danish lessor NAC

Swedish private equity fund EQT VI will take a majority stake in Denmark-based regional aircraft lessor Nordic Aviation Capital (NAC) as the latter aims to raise capital for further expansion. NAC said it would use the additional equity capital tocontinue expanding its fleet a...

AEGEAN: First Half 2015 Financial Results

AEGEAN announces first half 2015 results with consolidated revenue at €403.6m, 4% higher versus 2014. Total number of passengers carried rose by 15% to 5m as the company invested in new fleet and more capacity, increasing frequencies on existing routes as well as adding new international destinations. International passenger traffic rose by 20%, with Athens base being the main driver...

Japanese Operating Lease – another niche aircraft finance product to fade away?

On the 17th of August the Japanese Government announced that the world’s third largest economy had decreased by 1.6% in Q2 thus supporting the grim scenario that the annual growth of the economy would fail to reach 1% in 2015. Moreover, many experts have voiced their doubts whether the Japanese government will be able to revive the stagnating economy any time soon. As the Government seeks to...

ST Engineering’s Aerospace Arm Reorganises Its Aircraft Leasing Business

Singapore, 31 August 2015 – Singapore Technologies Engineering Ltd (ST Engineering) today said that further to its announcement dated 6 November 2013, the joint venture agreement (JVA) between ST Aerospace Resources Pte. Ltd. and Wings Capital Partners Holdings, Ltd has been terminated. The joint venture, WingStar Pte. Ltd., was set up to acquire mid-life to end-of-life a...

Aeroflot Announces 1H 2015 IFRS Financial Results

Aeroflot Group ("the Group", Moscow Exchange ticker: AFLT) today published its consolidated interim financial statements for the six months ended 30 June 2015, in accordance with International Financial Reporting Standards. 1H 2015 Operating and Financial Highlights for Aeroflot Group: Group passenger traffic increased by 14.0% year-on-year, with 33.4% year-on-year growth i...

Asian stocks set for worst monthly drop in three years on global rout

Asian shares fell on Monday and looked set for their worst monthly performance in three years after top Federal Reserve officials kept the door open for an interest rate hike in September and Chinese stock markets took a fresh tumble. Global markets are bracing for Chinese data on Tuesday which is expected to show the world's second-largest economy is continuing to lose momentum. A Reute...

Man linked to JPMorgan hacking in talks to resolve U.S. case: filing

A Florida man accused of running an unlicensed bitcoin exchange and who is among five defendants linked to last summer's massive data breach at JPMorgan Chase & Co is in talks to resolve his criminal case, according to court papers filed Friday. In a court filing in federal court in Manhattan, a prosecutor said Yuri Lebedev, one of two men charged with operating the bitcoin exchange ser...

Payments glitch at HSBC leaves thousands of Britons without wages

Thousands of Britons failed to receive their wages on Friday when a problem at Europe's biggest bank HSBC prevented some of its business customers from making payments. The glitch affected payments made by the companies through Britain's Bacs system, which processes electronic transactions. "Approximately 275,000 payments have been affected, including payments to customers of ot...

Carlyle looks to sell Landmark Aviation for $1.7 billion

Private equity firm Carlyle Group LP (CG.O) has been exploring a sale of aircraft leasing and maintenance company Landmark Aviation for as much as $1.7 billion, including debt, people familiar with the matter said on Friday. The business jet market is slowly recovering from a downturn sparked by the global financial crisis, helping valuations for companies offering services to that industry....

Shanghai Airports Report 1.3 Billion Yuan H1 Net Profit

Shanghai Airport Authority (SAA) Thursday reported a double-digit growth for its net profit in the first half of 2015 owing to strong travel demand, lower fuel price and higher airports capacities. Two Shanghai airports including Shanghai Hongqiao International Airport (SHA) and Shanghai Pudong International Airport (PVG) have achieved a total net profit of 1,292 million yuan for the six months...

Air China’s 1H profit increases more than 700%

Air China has reported a net income of CNY4.2 billion ($660 million) for the first half of 2015, up 721% over the net profit of CNY510 million for the same period of last year. Operating revenue rose 3.87% to CNY51.9 billion while operating costs increased by 5% to CNY45.2 billion. The Beijing-based carrier cited “robust growth in market demand” and “much lower fu...

STLC and SCAT signed a lease agreement for 15 Sukhoi SuperJet 100 aircraft

State Transport Leasing Company (STLC) and SCAT air carrier (Kazakhstan) signed a lease agreement for 15 Sukhoi SuperJet 100 aircraft at MAKS-2015 international airshow, press-service of STLC reports. The document was signed by STLC CEO Sergey Khramagin, and SCAT President Vladimir Denisov. “Under the agreement the lease term for each jet is 144 months since the date of delivery. Other...

Emirates forms strategic partnership MCI

mirates and MCI have announced a global alliance which will see Emirates becoming the official airline of its large and international events. MCI in turn will be the preferred Professional Congress Organiser (PCO) for Emirates. The strategic partnership will help Emirates build a strong MICE (Meetings, Incentives, Conferences and Exhibition) commercial brand in the meetings industry and bette...

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Samson Sky secures $80 million to launch switchblade flying car production

Samson Sky, developer of the Switchblade Flying Car, announced it has secured an $80 million investment from Dubai‑based Matin Group. According to Sam Bousfield, CEO, Founder...

Kepplair Evolution accelerates its growth with a new €6 million funding round, bringing the total funding raised to €17.5 million

Kepplair Evolution, just days after completing the first pre‑modification flights of its prototype aircraft, has announced the closing of a new €6 million funding round — bringing total fin...