Stellwagen Group appoints two new executives

Stellwagen Group appoints two new executives

Dublin-based aviation services provider Stellwagen Group is looking to boost its investment banking arm with two new senior appointments. Scott Corman (pictured left) has been appointed CEO of the Group’s aviation finance firm Stellwagen Capital, effective immediately. David Butler will

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WTO reverses 777X tax incentive subsidy ruling

WTO reverses 777X tax incentive subsidy ruling

The World Trade Organisation has reversed last November’s prohibited subsidy ruling against a tax incentive for the production of the Boeing 777X in Washington State. It has also upheld an earlier dismissal of the EU’s claims against the remainder of

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Peter Barrett interview: SMBC five years on

Peter Barrett interview: SMBC five years on

SMBC Aviation Capital has gone from strength to strength since its acquisition five years ago. Its most recent annual report showed that last year was a great year for the lessor: profit before EBITDA jumped 48%, it completed 111 aircraft

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Cathay Pacific signs for $4.1 billion A321neo order

Cathay Pacific signs for $4.1 billion A321neo order

Hong Kong’s flag carrier Cathay Pacific has signed a memorandum of understanding (MOU) for 32 Airbus A321neos worth $4.1 billion. The aircraft were ordered direct from Airbus and are set to be delivered between 2020 and 2023. They will be

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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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