Viva Air announces equity investment by Cartesian Capital Group

Viva Air announces equity investment by Cartesian Capital Group

🕔10:24, 10.May 2019

Viva Air Group has received equity investment of $50 million from private equity firm Cartesian Capital Group. The financing arrangement will support Viva’s pending deliveries of Airbus A320 aircraft and the Group’s continued growth in Colombia, Peru and beyond, the

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Fly Leasing reports significant hike in income in Q1 2019 results

Fly Leasing reports significant hike in income in Q1 2019 results

🕔10:23, 10.May 2019

Fly Leasing is reporting net income of $45 million, or $1.38 per share, for the first quarter of 2019, a significant increase from $9.6 million, or $0.34 per share, in its net income in the same period of 2018. Adjusted

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Allegiant reports April 2019 traffic performance

Allegiant reports April 2019 traffic performance

🕔10:22, 10.May 2019

Allegiant carried more than 1.268 million passengers in April 2019, up from 1.154 million in the same period in 218 – representing an increase of 9.9%. The airline’s revenue passenger miles also increased by 10.6% on the same period last

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Biman Airlines plane skids off runway in Myanmar

Biman Airlines plane skids off runway in Myanmar

🕔15:53, 9.May 2019

A Bombardier Dash-8 Q400 aircraft, operated by Biman Bangladesh Airlines flying from Bangladesh’s capital, Dhaka, skidded off the runway while landing in bad weather at Myanmar’s Yangon International Airport on May 8, injuring at least four people including a pilot.

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China Airlines makes new narrowbody fleet selection

China Airlines makes new narrowbody fleet selection

🕔15:50, 9.May 2019

In order to meet the growing passenger demand, accommodate China Airlines network expansion, and replace its passenger fleet currently in service, China Airlines has launched a narrowbody passenger aircraft replacement program. After assessing all relevant aircraft features and considering the

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Air Niugini selects StandardAero for PW123 pay-per-hour support

Air Niugini selects StandardAero for PW123 pay-per-hour support

🕔15:48, 9.May 2019

Air Niugini, the national airline of Papua New Guinea, has re-selected StandardAero to provide Pratt & Whitney Canada PW123 engine maintenance, repair and overhaul (MRO) services in support of the Dash 8 regional turboprops operated by its subsidiary Link PNG.  This

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ATSG reports strong first quarter 2019 results

ATSG reports strong first quarter 2019 results

🕔15:41, 9.May 2019

Air Transport Services Group (ATSG), which provides medium widebody aircraft leasing, contracted air transportation and related services, has a 71% increase in customer revenues to $348.2 million during the first quarter of 2019. Omni Air International, acquired in November 2018,

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Gogo completes $925 million of senior secured notes offerings

Gogo completes $925 million of senior secured notes offerings

🕔15:39, 9.May 2019

Gogo, which provides broadband connectivity products and services for aviation, has completed private offerings of $925 million 9.875% senior secured notes due 2024 by its direct wholly owned subsidiary, Gogo Intermediate Holdings, and its indirect wholly owned subsidiary, Gogo Finance.

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Mesa Airlines secures $91 million financing

Mesa Airlines secures $91 million financing

🕔15:38, 9.May 2019

CIT Group served together with NORD/LB as co-lead arrangers and joint documentation agents on a $91 million term loan financing on behalf of Mesa Airlines, the fifth largest independent regional air carrier in the US. The financing, arranged by CIT’s

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WestJet reports record April traffic

WestJet reports record April traffic

🕔15:35, 9.May 2019

During April 2019, WestJet reported a record load factor of 87.7%, an increase of 1.7 percentage points year over year. Revenue passenger miles (RPMs), or traffic, increased 7.0% year over year, while capacity, measured in available seat miles (ASMs), grew

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