Stephen A. Costley

Editor-in-Chief, SpeedNews

Los Angeles, CA

Summary

Steve Costley is responsible for the production of SpeedNews.

Steve has over 30 years of experience with SpeedNews, now part of the Aviation Week Network. He joined the company in August 1989 as an Associate Editor and was named Managing Editor in 1994. He was also named Vice President and Chief Operating Officer of SpeedNews, Inc., in the late 1990s, and held those titles until Prism Business Media acquired the company from Gil Speed in 2006.

Born in Los Angeles, CA, Steve spent his first four post-collegiate years teaching sophomore American Literature and senior Writing for College courses at Chaminade College Preparatory in Southern California’s San Fernando Valley. In addition to his teaching duties, he was Assistant Athletic Director, Sports Information Director and Varsity Baseball Coach, and was named Head Coach of the Los Angeles Daily News’ Bernie Milligan All-Star Game in 1988. He also worked two years in Houston, TX as Director of Purchasing and Customer Service for Aerospace Interiors, an aircraft interior refurbishment shop that was later acquired by B/E Aerospace.

Steve has participated in many air shows, including Paris, Farnborough, Singapore and Dubai, and has attended other numerous industry conferences and conventions, such as ISTAT, Aircraft Interiors Expo, MRO, ACPC, RAA, NBAA, and of course the SpeedNews’ Suppliers Conferences. He has appeared on CNBC as an aviation analyst, and has been quoted in various newspapers, including the Los Angeles Times.

Steve holds a Bachelor of Arts degree in Journalism from California State University at Northridge. He is a member of the International Society of Transport Aircraft Traders (ISTAT), and has competed in several local, state and national amateur golf tournaments, including the United States Amateur Championship.

Articles

By Stephen Costley

AVORA AVIATION, Dubai completed debt-financed acquisition of A320-200 (5228; leased to FLY2SKY) with V2500s from an entity serviced by Merx Aviation; acquisition financing was provided by PK AirFinance.

Air Transport

By Stephen Costley

CORSAIR received European Commission approval for €167.8m French restructuring aid, consisting of an €80m write-off on loans that were approved by the Commission in December 2020 and €87.8m of additional financing.

Air Transport

By Stephen Costley

WHEELS UP announced sale/leaseback deal for three Challenger 300s and seven Phenom 300s to generate capital to repay $65m in outstanding debt and provide additional $40m of cash to balance sheet to fund acquisition of additional aircraft. It also placed into service its first Phenom 300 equipped with GOGO Galileo HDX satellite Wi-Fi system.

Business Aviation