DAE completes AWAS acquisition

DAE completes AWAS acquisition

Dubai Aerospace Enterprise (DAE) is now one of the largest lessors in the world after completing its acquisition of Irish lessor AWAS yesterday. The move will bring the Dubai lessor’s total fleet to 400 aircraft, valued at more than $14

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International growth prompts new freighter advisory practice

International growth prompts new freighter advisory practice

Improving world trade and surging freight volumes have prompted aviation consultancy IBA to set up a new freighter advisory practice. The practice is headed by Moshe Haimovich (pictured), and aims to guide clients through the complicated process of buying a

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Airberlin insolvent, Etihad exits

Airberlin insolvent, Etihad exits

Airberlin filed for insolvency yesterday after Etihad withdrew financial backing. It is in talks with partners to acquire parts of its business. Germany’s second largest carrier filed the bankruptcy protection request yesterday at the local court of Berlin-Charlottenburg. Lufthansa and the German

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airberlin files for insolvency

airberlin files for insolvency

airberlin began bankruptcy protection proceedings in a German court this morning (Tuesday), after key shareholder Etihad Airways withdrew funding. Germany’s second-largest airline made the filing at the Amtsgericht District Court of Berlin-Charlottenberg, so that it can continue restructuring. It is

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AWAS closes $242 million facility

AWAS closes $242 million facility

Dublin-based lessor AWAS has closed a $242 million senior secured portfolio facility. The facility was arranged by Credit Agricole. Proceeds will be used as a refinancing solution for AWAS’ fleet and new aircraft deliveries. AWAS CFO Simon Glass said: “AWAS

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Norwegian UK named the youngest fleet

Norwegian UK named the youngest fleet

Norwegian UK flies the youngest aircraft in the world, according to new ch-aviation data. The low-cost carrier boasts an average fleet age of less than a year and comes top of the list of youngest fleet ages worldwide published by

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ALC finalises $348 million engine order

ALC finalises $348 million engine order

Air Lease Corporation has finalised a $348 million order extension for 24 CFM International LEAP-1B engines. The engines will power 12 new Boeing 737 MAX aircraft, including five 737 MAX 7 and seven MAX 8 aircraft. The engines are expected

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GA Telesis launches $500 million fund

GA Telesis launches $500 million fund

Lessor and MRO firm GA Telesis has raised $500 million to be used as an aviation investment vehicle for institutional and private clients. The funding was sourced from Wafra Capital Partners, who will be advising clients on the aircraft and

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SAA on the Brink

SAA on the Brink

South African Airways (SAA) is not in a good spot. This past week saw confirmation that the flag carrier is almost bankrupt. The airline has been teetering on the edge of bankruptcy for years. The last seven annual reports revealed

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Sky Leasing debuts first ABS

Sky Leasing debuts first ABS

Sky Aviation Leasing has launched its first asset backed security (ABS). The $780.8 million security – S-JETS 2017-1 – will be used to finance the purchase of 21 aircraft. This is a large investment for Sky, with the 21 aircraft representing

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