Titan Aviation Holdings and Bain Capital Credit LP have entered into an agreement to form a long-term joint venture (JV) that will develop a diversified aircraft portfolio with an anticipated value of $1 billion.
Ireland-headquartered SMBC Aviation Capital said it has become the first lessor to sign aircraft operating leases using the Global Aircraft Trading System (GATS), an electronic platform that aims to simplify aircraft transactions.
LCC Norwegian is moving towards completing the transfer of its flights serving Oakland International Airport (OAK) to San Francisco International Airport (SFO) for the summer 2020 season and beyond, citing higher levels of business from the larger airport.
Nairobi-based Kenya Airways has warned that its full-year earnings are expected to drop by more than a quarter because of financial reporting changes, tough competition and lower yields.
United Airlines has been lobbying the U.S. Department of Transportation (DOT) to delay signing off on proposed codeshare operations between Philippine Airlines (PAL) and PAL Express while the department reviews access issues for U.S. carriers at Manila’s main airport.
Days after Boeing announced a production halt of the 737 MAX, the three major U.S. credit rating agencies have turned slightly negative on the manufacturer with new outlooks that stress growing demands on the company’s credit access and softening cash prospects.
Following Boeing’s announcement that it would temporarily halt production of the 737 MAX, its large and small suppliers are assessing the potential impact to their operations.
Central and Eastern European LCC Wizz Air has announced two finance department changes, which will see existing CFO Iain Wetherall becoming chief investment officer and aviation industry newcomer Jourik Hooghe joining the airline as EVP and group CFO.
European destinations are leading expansion in long-haul travel to and from China as growth in the North America market plummets, figures from China’s dominant aviation IT company show.
Malaysia Airlines Bhd. (MAB) and Japan Airlines (JAL) are set to launch a joint venture (JV) on routes between their countries in 2020, after gaining approval from regulators.
Philippine LCC Cebu Pacific announced in a stock exchange filing that it has signed a purchase agreement with Airbus for 10 Airbus A321XLRs and five A320neos.
