Apollo Capital Management and Athene Holdings acquires PK AirFinance from GECAS

Apollo Capital Management and Athene Holdings acquires PK AirFinance from GECAS

🕔12:26, 29.Aug 2019

Apollo Global Management (Apollo) alongside Athene Holdings (Athene) have entered into an agreement to purchase aviation lending business PK AirFinance, from GE Capital’s Aviation Services (GECAS) unit, for an undisclosed sum. In connection with this transaction, Apollo will acquire the

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Uganda Airlines returns to the skies after nearly 20 years

Uganda Airlines returns to the skies after nearly 20 years

🕔10:46, 29.Aug 2019

Uganda Airlines has returned to the skies to restore its status as the nation’s carrier after a delay which lasted nearly 20 years. Commercial services resumed with a flight from Entebbe to the Kenyan destination of Nairobi. Uganda Airlines said

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Cathay Pacific issues statement defending firings

Cathay Pacific issues statement defending firings

🕔10:29, 29.Aug 2019

Cathay Pacific has issued a statement in the wake of the Civil Aviation Administration of China banning any Cathay staff linked to anti-government protests from operating flights into the mainland and over its airspace. The authority has also asked Cathay

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CALC completes issuance of RMB 800 million medium-term notes

CALC completes issuance of RMB 800 million medium-term notes

🕔10:21, 29.Aug 2019

China Aircraft Leasing Group Holdings Limited together with its subsidiaries is pleased to announce that China Asset Leasing Company Limited, a wholly-owned subsidiary of the group, completed the issuance of RMB 800 million medium-term notes (“MTN”) with a term of three years

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LOT Polish Airlines shuffles management team

LOT Polish Airlines shuffles management team

🕔10:07, 29.Aug 2019

The supervisory board of LOT Polish Airlines has taken the decision to appoint Rafał Milczarski to the position of the company’s president of the management board, effective 1 September. In addition, Katarzyna Piskorz is going to serve as a member

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LATAM reveals cabin renovations as part of $500 million investment

LATAM reveals cabin renovations as part of $500 million investment

🕔10:00, 29.Aug 2019

LATAM Airlines Group has unveiled its new premium business service onboard its first Boeing 777. The aircraft has become the first of its fleet to feature the new cabin renovations, as part of a $500 million investment. The funding is

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Alaska Airlines to introduce multitude of new routes

Alaska Airlines to introduce multitude of new routes

🕔09:36, 29.Aug 2019

Starting in January 2020, Alaska Airlines will introduce eight new routes, which include two daily departures from Spokane to Los Angeles and San Francisco, respectively. Three services from Redmond/Bend, Oregon to Los Angeles, San Diego and San Francisco, respectively. The

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AirAsia X posts net profit plunge 85% in Q2 2019

AirAsia X posts net profit plunge 85% in Q2 2019

🕔09:20, 29.Aug 2019

AirAsia X’s net profit has plunged 85% to RM46.8 million ($11.1 million) in its second quarter of 2019 due to several factors including the recognition of prior years’ losses in AirAsia India, higher maintenance and overhaul costs; as well as

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Thomas Cook sells majority stake to Fosun Tourism Group

Thomas Cook sells majority stake to Fosun Tourism Group

🕔12:34, 28.Aug 2019

Fosun Tourism Group, the largest stakeholder of Thomas Cook Group will contribute £450 million to the group and acquire 75% of the tour-operator business and 25% of the airlines unit. The deal will include Fosun’s affiliates, the company’s core lending

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Boeing will not suffer financial fallout from 737 grounding, CEO says

Boeing will not suffer financial fallout from 737 grounding, CEO says

🕔11:28, 28.Aug 2019

Boeing’s CEO has moved to reaffirm that the company will not suffer financial fallout from the grounding of its 737 Max jets. CEO Dennis Muilenberg has stated that uptake would not slow the world’s largest planemaker’s appetite for deals in

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