Air Transport

Shanghai-based Juneyao Air has announced that it has increased its stake in subsidiary LCC 9 Air from 83.3% to 95.2%.

Following a 14-month designation process, the FAA approved beyond-visual-line-of-sight UAS flights within an 8 x 4-mi. section of airspace near Griffiss International Airport.

Nine European finance ministers have called on the incoming European Commission for progress on a Europe-wide aviation tax as part of efforts to reduce the airline industry’s environmental impact.

Former Boeing executive Roei Ganzarski, CEO of electric motor developer MagniX, has also become chairman of electric aircraft startup Eviation Aircraft.

CEBU PACIFIC finalized order for 16 A330-900s; deal firms up widebody portion of MOU, which was signed at the Paris Air Show earlier this year, that

BAMBOO AIRWAYS agreed to lease two 787-9s from GECAS for delivery in December 2019.

URAL AIRLINES took delivery of new LEAP-powered A321-200neo (8955) on lease from GECAS (SPNWS; August 2).

LOGANAIR leased converted ATR 72-500F (570; ex-Canary Fly) from Nordic Aviation Capital.

AIR ASTANA took delivery of its fifth (019) of five E190-E2s on lease from AerCap to gradually replace older E190s.

AEROMEXICO sold new GEnx-powered 787-9 (65092) to AerCap, and leased it back.

HI FLY MALTA acquired ex-Singapore Airlines A330-300 (1453) with Trent 700s.

AIR CANADA ROUGE took delivery of ex-Interjet A320-200 (3149) with CFM56s on lease from MERLIN AVIATION

LEASING (Ireland) 9 Limited in deal arranged by AVIATION CAPITAL GROUP, which acts as servicer for the aircraft (SPNWS; November 1).

LUFTHANSA has converted firm orders for 14 Boeing 777-9s into options.

LUFTHANSA CARGO plans to phase out all of its ten Boeing MD-11Fs by the end of 2020. It will order two more Boeing 777Fs and operate a fleet of nine

AUSTRIAN is phasing out all 18 de Havilland Canada Dash 8-400s by 2022 and will replace them with ten Airbus A320s.

AIRBUS delivered 77 aircraft (four A220s; three A320ceos; 56 A320neos; six A330s; eight A350s) in October vs 81 (two A220s; 19 A320ceos; 48 A320neos

AEROCENTURY reached forbearance agreement with MUFG Union Bank after falling out of compliance with its revolving credit facility due to lease payment

AIRCASTLE agrees to be acquired by a new entity controlled by Marubeni and Mizuho Leasing for $2.4b. Deal expected to close in 1H 2020.

U.S. OFFICE OF FOREIGN ASSETS CONTROL (OFAC) on Nov. 7 announced a $210,600 settlement with Apollo Aviation Group, now known as CARLYLE AVIATION

AIR TRANSPORT SERVICES GROUP earned $105m net profit in 3Q19, vs $72m in 3Q18. Result reflects strong demand trends, robust fleet and insulation from

EMIRATES AIRLINE had AED862m in fiscal 2019/2020 1H net income, nearly quadrupled vs AED226m in 1H FY2018/2019s. Overall Emirates Group net income

JAZEERA AIRWAYS had KWD16.1m 9M 2019 net profit, up 90.2% vs. KWD8.5m in 9M 2018 period. Revenue rose 30% to KWD82.8m, operating profit increased 90.5

LUFTHANSA GROUP had €1.04b for 9M 2019 vs €1.8b for 9M2018. 3Q19 net profit was €1.15b vs €1.1b in 3Q18.

LUFTHANSA GROUP subsidiary SWISS INTERNATIONAL AIR LINES had adjusted earnings before interest and taxes of CHF490m for 9M2019 vs CHF549m in 9M2018.