Several aircraft lessors are moving to repossess their aircraft from Kingfisher Airlines for non-payment of lease rentals. The lessors have been negotiating with Kingfisher for the past few days but ...
Air Lease Corporation (ALC) has recorded its third quarterly positive pre-tax income of $28.3 million and net income of $18.3 million and recorded cash flow from operations of $83.1 million. ALC’s pr...
Aircastle has reported third quarter 2011 net income of $22.7 million, or $0.31 per diluted common share, and adjusted net income of $15.4 million, or $0.21 per diluted common share. Lease rental rev...
Air Transport Services Group (ATSG) has reported improved third quarter financial results after excluding non-cash impairment charges. Pre-tax losses from continuing operations were $6.7 million while...
CIT Aerospace has signed an agreement with Embraer for 10 Embraer 190s and/or 195s, with a further 20 options. Deliveries are scheduled through 2015. CIT president-transportation finance Jeffrey Knitt...
AMS Aircraft (AMS) has arranged the sale of an Airbus A340-311 aircraft, MSN 015, to GECAS Asset Management Services for Part-out on behalf of AC Aircraft Leasing 6 (Cayman). GECAS Asset Management...
International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, completed its previously announced acquisition of AeroTurbine from AerCap Holdings late last ...
Crane Aircraft Partners, based in California and Michigan, has closed on its second transaction this year. The aircraft investment firm has purchased a 2000 Boeing 767-300ER. The plane is currently o...
Irish aircraft lessor Aergo Group is poised to pay $50 million for a 65% interest in the in Peruvian Airlines. Aergo plans wants to increase Peruvian Airlines flights throughout South America, Miami a...
AWAS has finalised the acquisition of two 737-800s and one Airbus A330-200 aircraft from another lessor. The two 737’s are already on long-term leases to current AWAS customer Garuda Indonesia, and th...
ICBC Financial Leasing Co., a subsidiary of Industrial and Commercial Bank of China, has signed a memorandum of understanding with CFM International for CFM56-5B engines to power its new A320 aircraft...
Emirates is planning to spend a substantial amount to market Zambian tourism. Emirates will launch flights into Lusaka starting February 2012. The airline will fly to Lusaka five times weekly using an...
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