Aviation Leasing

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Wednesday, 12 August 2020

Latest News for: Aviation leasing

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Bidders chosen for new small plane facilities at John Wayne Airport

Orange County Register 12 Aug 2020

ACI Jet, which already operates at JWA, and newcomer Clay Lacy Aviation will receive 35-year leases to upgrade and reconfigure full-service facilities for general aviation (hobby planes, business jets and other non-commercial aircraft). A third lease for more limited services will ......

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IndiGo to fight virus woes with $534 million share issue

The Times of India 11 Aug 2020

The carrier's parent firm Interglobe Aviation announced late Monday that its board had approved the issue of shares to raise Rs 4,000 crore ($534 million). The pandemic has dealt a sharp blow to the aviation industry, which had seen tremendous growth in recent years....

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Boeing's Lost Max Orders Top 400 This Year, 787 Deliveries Drop

Canada Dot Com 11 Aug 2020

That brought the number of sales that have been canceled or swapped for other Boeing models to 416 in 2020 ... approval to resume flying by the end of the year, while cautioning that the Federal Aviation Administration will ultimately determine the timing ... Kuwaiti lessor Alafco Aviation Lease and Finance Co ... ©2020 Bloomberg L.P.  ....

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LETTER: Decisions on SAA just do not fly

Business Day 11 Aug 2020

SAA in business rescue has returned all its leased aircraft to the lessors, in an aviation environment where its more capable global peers (also in distress) are using this one-off global opportunity to negotiate lease terms at rates up to 50% cheaper than pre-Covid. So why not SAA? ... Let’s consider the cost ... SAA has a history of French connections ... ....

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Siguler Guff Further Strengthens Credit Team

The Record 10 Aug 2020

Miller was responsible for originating and executing off-the-run special situations and credit investment opportunities across a wide variety of industries including aviation services, aircraft and engine leasing, industrials, mortgage lending, and specialty finance....

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Air Lease Corporation Announces Second Quarter 2020 Results

The Baytown Sun 06 Aug 2020

These statements are only predictions and involve estimates, known and unknown risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed in such statements, including as a result of the following factors, among others.the ......

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Kuwaiti aviation leasing firm ends $336m legal action against Boeing

Arabian Business 05 Aug 2020

Kuwait-based Alafco Aviation Lease and Finance Co has revealed it has ended a $336 million legal dispute with US aerospace giant Boeing over a cancelled order. The company, whose owners include Kuwait Finance House, Gulf Investment Corporation and state airline Kuwait Airways, made the announcement to the Kuwait Bourse in a written note ... It said ... ....

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UDG reinstates dividend, guidance despite ongoing Covid-19 uncertainty

The Irish Times 05 Aug 2020

That assumes there will be no significant tightening of Covid-19 restrictions ... He is currently a non-executive director of Nasdaq-listed Alkermes, and has also held roles as president of Alkermes, chief financial officer of Elan, head of Elan Drug Technologies, and chief executive of aviation leasing company Pembroke Capital ...   . . ....

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NICL to pay Rs10m to heir of each PIA crash victim

Dawn 05 Aug 2020

KARACHI/ISLAMABAD. The National Insurance Company Limited will pay Rs10 million each to the heir of 97 passengers killed in the May 22 plane crash near Karachi airport ... The aircraft was not owned by the PIA as it got it on lease. The Celestial Aviation Trading 34 Limited, Ireland was the owner of the aircraft and it would get the insurance amount ... ....

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Suspension of PIA operations by EU – a threat or an opportunity?

The News International 04 Aug 2020

Trust is a core value that enables the vast, complex, and highly regulated system of global civil aviation to function smoothly ... Trust facilitates the mutual validation of licenses and certifications which enables employment of foreign pilots and engineers, leasing and insurance of aircraft and numerous other vital aviation activities....

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CIAC defers rental collection at Clark airport

The Philadelphia Inquirer 30 Jul 2020

Airlines and other airport stakeholders got a reprieve from their rental obligations at the Clark Civil Aviation Complex in Pampanga province....

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IndiGo sets its sights on liquidity as it flies in unchartered territory

Live Mint 30 Jul 2020

It was common knowledge that InterGlobe Aviation Ltd would report massive ... In its June quarter earnings call, Aditya Pande, chief financial officer, InterGlobe Aviation, said it is also working on sale and lease back of its owned planes and obtaining moratorium on some loans....

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After a choked Q1, IndiGo flies in unchartered zones holding on to liquidity

Live Mint 30 Jul 2020

Everybody knew InterGlobe Aviation Ltd that runs IndiGo would report massive ... In its June quarter earnings call, Aditya Pande, chief financial officer, InterGlobe Aviation, said it is also working on sale and lease back of its owned planes and obtaining moratorium on some loans....