Cargolux Airlines closes latest JOLCO for Boeing 747-8F

Cargolux Airlines closes latest JOLCO for Boeing 747-8F

🕔08:44, 31.Jul 2019

Cargolux Airlines has closed a Japanese operating lease with call option (JOLCO) transaction for a Boeing 747-8F freighter aircraft. It follows the airlines inaugural JOLCO, which closed in January, for a 747-400F. Credit Agricole-CIB acted as overall arranger, facility agent.

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Turkish Airlines takes two B787-9 aircraft

Turkish Airlines takes two B787-9 aircraft

🕔08:38, 31.Jul 2019

CACIB has acted as agent and bookrunner for a $221 million secured term loan to finance a portion of the purchase price of two B787-9 aircraft delivered to Turkish Airlines in July 2019. ACG structured, arranged, and provided the guarantee

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AFI KLM signs MOU for 60 A220-300 aircraft; retires 10 A380 in bid to improve fuel costs

AFI KLM signs MOU for 60 A220-300 aircraft; retires 10 A380 in bid to improve fuel costs

🕔08:28, 31.Jul 2019

The Air France–KLM (AFI KLM) Group has signed a memorandum of understanding for 60 A220-300 aircraft to modernise its fleet as it revealed its operating income for the second quarter of 2019 rose 15.6% to €400 million. The introduction of

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Embraer’s commercial jet deliveries continue to fall

Embraer’s commercial jet deliveries continue to fall

🕔15:50, 30.Jul 2019

Embraer has witnessed a slip in delivers of commercial planes in the second quarter of 2019. The Brazil-based planemaker reported that 26 commercial planes were delivered during the period, slightly down from 28 planes in the same period in 2018

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New president and CEO selected for Munich Airport

New president and CEO selected for Munich Airport

🕔15:03, 30.Jul 2019

The supervisory board of Flughafen München GmbH (FMG) has selected Jost Lammers as the future chairman of the management board. He was appointed managing director for a period of five years with effect from 1 January 2020. Lammers is to

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Regional Jet posts ‘better than expected’ FY2018 financial results

Regional Jet posts ‘better than expected’ FY2018 financial results

🕔14:54, 30.Jul 2019

Estonian airline Regional Jet has made a better than expected zero result for 2018. The turnover in 2018 was approximately 68 MEUR for the airline, up from 37.5 MEUR 2017 – an increase of 80%. The airline, established in 2016

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Latvian carrier airBaltic extends flight operations

Latvian carrier airBaltic extends flight operations

🕔14:44, 30.Jul 2019

Latvian-based carrier airBaltic has extended the operating season of its flights from Riga to Athens, Greece and Reykjavik, Iceland. Flights to Reykjavik will be operated until January 31, 2020 and restart on March 3, 2020, but the flights from Riga

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Air Nostrum reveals revenue increase in 2018 full-year results

Air Nostrum reveals revenue increase in 2018 full-year results

🕔11:07, 30.Jul 2019

Air Nostrum has revealed that it closed the year of 2018 with revenues of €501 million, 9.4% more than in 2017. The Spanish carrier, an Iberia franchised airline for regional flights, obtained a profit after tax of €19 million in

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PAL confirms appointment of new president and CEO

PAL confirms appointment of new president and CEO

🕔10:59, 30.Jul 2019

Philippine Airlines (PAL) has confirmed the appointment of Gilbert F. Santa Maria as the flag carrier’s new president and chief operating officer. The 15-man PAL board unanimously approved Santa Maria – who was a handpicked nominee of PAL chairman and

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Boeing looking to sell $5.5 billion of bonds to help fund Embraer joint venture

Boeing looking to sell $5.5 billion of bonds to help fund Embraer joint venture

🕔10:50, 30.Jul 2019

Boeing looks set to sell $5.5 billion of bonds to help finance its joint venture with Brazil-based Embraer. The two companies will look touse the funding to build smaller commercial planes together. According to a recent filing, the airplane manufacturer

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