Finance, Taxes, Insurance
Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
Airlines
Lufthansa Eyes TAP Acquisition As Talks Continue Over ITA Deal
The German group achieved a financial turnaround in 2022 recording a €1.5 billion operating profit, even though most of its airlines remained loss-making.
Aircraft
AerCap Sees Aircraft Delivery Delays Lasting ‘Several’ Years
The world’s largest commercial aircraft lessor says traffic growth and a curtailed supply environment will drive lease transactions and higher rates.
Airlines
IAG Relaunches Plan to Acquire Spain's Air Europa
The European airline group's move appears to be part of a new wave of consolidation in the industry that will be subject to regulatory scrutiny.
Airlines
SriLankan Airlines Chases Foreign Income with Route Reboot
The state-owned carrier may once again be partly privatized as the Sri Lankan government deals with fallout from a financial crisis.
Finance, Taxes, Insurance
Milestone Leases Back Bristow Search-and-rescue Deal
Milestone will lease six helicopters to Bristow in support of a search and rescue contract with the Netherlands Coast Guard.
Aircraft
Airbus Sustains Recovery Despite Russia War Headwinds
The European aerospace and defense group's CEO Guillaume Faury warned it will face more complexity and disruption risk during 2023.
Finance, Taxes, Insurance
Airbus Bullish on Rotorcraft Market as Earnings Grow
Growing demand in the private and business aviation sectors are key factors in the manufacturer's expectations for recovery in the helicopter market.
Environment
Global Aerospace Offers Sustainability Path with 4Air
In a tie-up with 4Air, aviation insurer Global Aerospace is now offering a range of sustainability programs for its clients.
Finance, Taxes, Insurance
Global Jet Capital Exceeds $3.5B in Aircraft Financing
Just nine years after its founding, Global Jet Capital has surpassed $3.5 billion in financing to users of new and preowned business jets.
Airlines
UK Regional Carrier Flybe Ceases Operations
Flybe, a regional airline in the United Kingdom, has entered insolvency for the second time since March 2020.
Charter & Fractional
Private-equity Firm RedBird Boosts Blade Stake
Redbird Capital Partners has taken a 5 percent stake in Blade Air Mobility.
Finance, Taxes, Insurance
Bombardier Says 2022 Results Will Top Expectations
Bombardier says 2022 financial results will be better than forecasted.
Aircraft
Avolon Sees Airline Traffic Reaching 2019 Levels by June
Asia will lead a traffic recovery this year as China reenters the market, according to Avolon.
Finance, Taxes, Insurance
Bristow Refinances UK SAR Debt
Bristow signs $176 million deal to refinance debt associated with UK SAR contract.
Finance, Taxes, Insurance
Florida Bank Establishes Business Aircraft Lending Unit
Florida-based Cogent Bank's new aircraft lending unit looks to focus on the state's high level of private aviation activity.
Charter & Fractional
UK Group Demands Tenfold Tax Hike for Air Charter Flights
The Campaign for Better Transport also wants UK commercial business aircraft operators to lose their exemption from value-added tax.
Finance, Taxes, Insurance
UK's Moon Jet Brokerage Sees Record Sales in 2022
MJG Jet Brokerage in the UK had a record year of aircraft transactions in 2022 and expects to double transactions in 2023.
Finance, Taxes, Insurance
Gallagher Acquires Australia Aviation Insurance Firm
Arthur J. Gallagher & Co. has acquired Aviation Insurance Australia of Brisbane, Queensland, which was founded in 1993.
Environment
Belgium’s Noise and Emissions Tax Includes Bizjets
Belgium is imposing taxes on noise and emissions of aircraft, including business jets, operating short-hop flights to or from Brussels Airport.
Finance, Taxes, Insurance
New Lender Joins Business Jet Leasing Finance Arena
Hyperion Aviation has launched an aircraft funding platform focusing on leased business jets and cargo aircraft.
Airports
EAG Signs Up for New HQ Facility at Dubai South
The mixed-use facility will include EAG’s new global corporate headquarters.
Aircraft
Seller’s Market Complicates GJC's Financing Efforts
Starting in 2023, Global Jet Capital predicts steady growth in the total number of aircraft in the Middle East and North Africa region.
Finance, Taxes, Insurance
Market Overview: 2022 Sees Skyrocketing Prices, Low Availability
Through the first three quarters of the year, demand for preowned aircraft remained steady pushing prices dramatically higher while inventory remained low.
Finance, Taxes, Insurance
Milestone Places S-92s With China's CITIC
Helicopter lessor Milestone has placed a pair of Sikorsky S-92s with China's CITIC Offshore Helicopter.
Aircraft
Vistara Merger Could Complete Tata's Reboot of Air India
Singapore Airlines is merging its stake in Indian carrier Vistara with Tata's Air India group, and will invest up to a total of around $865 million.
Aircraft
Airbus CEO Sees Ongoing Supply Chain Pressure For Aerospace
At briefing with European industry group ASD, Airbus CEO Guillaume Faury said supply chain problems will last for at least another year.
Aircraft
Action Aviation Maintains Momentum in 2022
High charter costs are driving high-end travelers into the arms of aircraft brokers.
Finance, Taxes, Insurance
AssuredPartners Warns of Bumpy Ride in Insurance Market
The Ukraine invasion coupled with the continued Boeing Max fallout is setting 2023 up to be one of the hardest markets in aviation insurance history.
Charter & Fractional
Ricci: Capital Influx into Bizav Has Changed Industry
Over the past six years, the influx of capital into business aviation has led to consolidation that has significantly changed the industry.
Finance, Taxes, Insurance
Lessor Milestone Places Trio of Helicopters with PHI
PHI Aviation will augment its owned fleet with leased helicopters from Milestone Aviation Group.
