ACG assigned Baa2 rating by Moody’s

ACG assigned Baa2 rating by Moody’s

🕔11:03, 6.Dec 2019

Aviation Capital Group (ACG) has been assigned issuer and senior unsecured debt ratings of Baa2 by Moody’s Investors Service. Moody’s highlighted in its press release that the Baa2 rating reflects ACG’s long history of profitable operations in commercial aircraft leasing,

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Jetstar issues response to AFAP strike action

Jetstar issues response to AFAP strike action

🕔11:01, 6.Dec 2019

Jetstar has issued a response to strike action by the Australian Federation of Air Pilots (AFAP) saying it is “deeply disappointing” that the AFAP is threatening this action around the holiday season. The AFAP is demanding the equivalent of a

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Loganair to axe jobs with closure of Norwich base

Loganair to axe jobs with closure of Norwich base

🕔10:57, 6.Dec 2019

Loganair has announced proposals to close its operating base at Norwich Airport, meaning the loss of jobs. The airline will continue to operate from Norwich to Aberdeen, Edinburgh and Jersey, using aircraft and crews from its Scottish bases from February

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Delta and Aeromexico set to continue partnership in 2020

Delta and Aeromexico set to continue partnership in 2020

🕔10:52, 6.Dec 2019

Delta and Aeromexico are set to continue their collaborative investments across the two airlines in 2020. Under the agreement, the two airlines will align its booking process with the ability to view the product offerings with real-time availability and pricing,

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Tokyo Century acquires remaining stake in ACG

Tokyo Century acquires remaining stake in ACG

🕔10:47, 6.Dec 2019

Aircraft asset manager Aviation Capital Group (ACG) has announced that Tokyo Century Corporation has acquired the remaining interest in ACG. In 2017, Tokyo Century acquired a 20% membership interest in ACG, and later expanded ownership to 24.5%. The completion of

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Icelandair enters $35 million loan agreement with CIT Bank

Icelandair enters $35 million loan agreement with CIT Bank

🕔10:45, 6.Dec 2019

Icelandair has entered into a secured $35 million loan agreement with CIT Bank which is part of a refinancing due to the redemption of bonds issued by the company earlier this year. The maturity date of the loan will be

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Airbus reveals November 2019 orders

Airbus reveals November 2019 orders

🕔10:43, 6.Dec 2019

Airbus marked another month of high-volume bookings with new orders logged for 222 commercial aircraft in November, covering the A320neo Family, A330neo and A350 XWB members of its product line. The November orders bring the overall number booked by the

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Lufthansa Group set to offer extra routes in summer 2020

Lufthansa Group set to offer extra routes in summer 2020

🕔10:29, 6.Dec 2019

The Lufthansa Group is set to offer a range of extra long-haul destinations from Düsseldorf in the summer of 2020. Lufthansa is set to fly six times a week to New York/Newark (EWR) – from 4 May 2020 to 23 October 2020.

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United Airlines set to introduce a new CEO in May 2020

United Airlines set to introduce a new CEO in May 2020

🕔10:18, 6.Dec 2019

United Airlines has announced that current chief executive officer Oscar Munoz will transition to the role of executive chairman of the board of directors of United Airlines Holdings, commencing in May 2020. Current president J. Scott Kirby will succeed Munoz

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China Airlines selects Pratt & Whitney to power 30 A321neo

China Airlines selects Pratt & Whitney to power 30 A321neo

🕔10:10, 6.Dec 2019

China Airlines says it has selected the Pratt & Whitney GTF engine to power an order of up to 30 Airbus A321neo aircraft. The order includes 25 firm A321neo aircraft with purchase options for an additional five aircraft, leased aircraft

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