Avolon, a leading global aviation finance company, announced the extension and upsizing of its unsecured revolving credit facility, supported by a syndicate of 25 banks. The facility’s maturity date has been extended by two and a half years from...
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December 03, 2024, 07:00 AM
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Air Transport Services Group, a global leader in medium widebody freighter aircraft leasing, air transport operations and support services, announced that it has entered into a definitive agreement to be acquired by Stonepeak, a leading alternative...
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November 05, 2024, 06:55 AM
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Castlelake, a global alternative investment manager specializing in asset-based investing with nearly 20 years of experience in aircraft investing, leasing and servicing, has secured commitments for over $1 billion of aviation financing in a term...
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September 26, 2024, 06:35 AM
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Castlelake, a global alternative investment manager specializing in asset-based investing with nearly 20 years of experience in aircraft investing, leasing and servicing, entered into a sale-purchase agreement with Avolon, a leading global aviation...
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September 16, 2024, 07:05 AM
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Aircastle Limited appointed David Odlum as Chief Risk Officer, who is expected to join the Company on December 1, 2024. He will be responsible for directing all the Company’s risk management activities and will serve as an integral member of the...
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September 10, 2024, 06:09 AM
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JetLoan Capital arranged loan funding for 59 aircraft and yachts in 2023 totaling $125 million.Loan transactions totaling $125 million pertaining to the following collateral types:
Light, mid-size, and large cabin jets
GA aircraft, turboprops...
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January 16, 2024, 07:00 AM
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Aquila Air Capital, a leading lessor focused on end-of-life solutions, announced the successful closing of a $100 million financing. Deutsche Bank acted as Sole Structuring Agent and Underwriter for the financing. The financing is aimed at increasing...
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November 09, 2023, 06:55 AM
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Willis Lease Finance, together with its subsidiary Willis Sustainable Fuels (UK) Limited, announced the selection of Teesworks in Tees Valley, England, as the intended location for a ground-breaking sustainable aviation fuel (SAF) plant. This plant...
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October 02, 2023, 06:00 AM
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Asking values for aircraft in Sandhills Global marketplaces increased considerably in 2021 and remained elevated in 2022. As a result, year-over-year increases have significantly cooled off recently with all categories being within 5 percent of May...
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June 13, 2023, 07:09 AM
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Global Jet Capital provided more than $3.5 billion in financing to users of new and pre-owned aircraft. This milestone is significant for the specialty financer that has focused on delivering a unique customer-centric experience since its inception...
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February 03, 2023, 07:08 AM
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Marathon Asset Management, L.P., a global credit manager, announced the closing of MAST 2022-1, its inaugural aircraft securitization. The transaction was privately issued and resulted in the placement of $304 million of debt backed by a pool of 15...
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December 14, 2022, 07:12 AM
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LCI announced an order for up to six H175 super-medium helicopters from Airbus, valued at over US$125 million. The order is for two confirmed aircraft with the first H175 set to be delivered to LCI in late 2023. The agreement provides for a further...
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July 27, 2022, 05:00 AM
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Air Lease Corporation announced an update on aircraft investments and sales activity occurring in the second quarter.As of June 30, ALC’s fleet was comprised of 392 owned aircraft and 89 managed aircraft, with 430 new aircraft on order from Boeing...
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July 13, 2022, 07:00 AM
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Voyager Aviation Holdings, LLC (VAH) announced the signing of a purchase agreement with a fellow aircraft leasing firm for seven young and in-production aircraft, all of which are on long-term leases with strong credit quality airlines.The assets...
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July 06, 2022, 07:02 AM
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Willis Lease Finance Corporation announced it has entered into lease agreements with Transportes Aéreos Guatemaltecos (TAG Airlines) for four ATR 72-500 aircraft. The five-year deal sees the aircraft overhauled and refurbished, fitted with new Pratt...
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April 01, 2022, 07:00 AM
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KBRA and KBRA Europe released a brief report highlighting Aircraft ABS lease backed securities with exposure to aircraft leased to entities in Russia and the Ukraine. There is risk of potential cash flow interruptions in such transactions that could...
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February 25, 2022, 07:00 AM
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Air Lease Corporation announced long-term lease placements for 25 new Boeing 737-8 aircraft with Malaysia Aviation Group (MAG), parent company of Malaysia Airlines Berhad (MAB). The aircraft are scheduled to be delivered to the airline starting in...
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February 15, 2022, 07:00 AM
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Unical Aviation Inc., a provider of aircraft parts and components – including component leasing – to the global commercial aerospace market, announced it has appointed Sharon Green as Chief Executive Officer, effective Dec. 1.Green will replace...
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November 24, 2021, 07:09 AM
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Castlelake, a global alternative investment firm with 16 years of tenure investing in, financing and managing aviation assets, announced the completion of the sale and leaseback of six A330-200 freight aircraft to Avianca S.A. ("Avianca") with a...
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November 09, 2021, 07:00 AM
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ABL Aviation, a global independent aircraft investment management firm, announced it has established a joint venture with Ellington Management Group, an alternative investment manager, to opportunistically deploy capital across the global aviation...
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November 03, 2021, 07:09 AM
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Castlelake, L.P., a global alternative investment firm and experienced leader in aircraft investing, leasing and servicing, announced the creation of Castlelake Aviation Limited (CA), a corporate lessor of commercial aircraft that will finance a...
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September 30, 2021, 07:21 AM
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Aviation Capital Group secured financing of one Airbus A350-900 aircraft and three Airbus A321neo aircraft for Turkish Airlines (THY).In connection with the A350-900 financing, ACG’s Aircraft Financing Solutions (AFS) program utilized a portion of...
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June 16, 2021, 05:38 AM
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GovCon Funding Corporation, a Miami, FL-based strategic advisory and financial services company, dedicated to financing middle-market companies operating in the aerospace and defense industry, announced it has completed financing on a $5.5 million...
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April 28, 2021, 07:10 AM
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Air Lease Corporation announced the delivery of one new Airbus A321-200neo LR aircraft on long-term lease to Air Astana. This aircraft, featuring Pratt & Whitney PW1133G engines, is the fifth new A321-200neo LR to deliver to Air Astana from ALC’s...
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April 13, 2021, 06:57 AM
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Air Lease Corporation (ALC) announced the delivery of one new Boeing 787-9 aircraft on long-term lease to Air Premia (South Korea). Featuring Rolls-Royce Trent 1000 engines, this aircraft is the first of three new Boeing 787-9s confirmed to deliver...
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April 01, 2021, 07:05 AM
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Avpro, Inc. announced Donald Synborski has joined its team as Managing Director of Finance. He brings over 30 years of equipment finance experience to Avpro.In his new role, Synborski will interface with the aircraft lending community on a day-to-day...
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March 26, 2021, 07:15 AM
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Azorra Aviation Holdings entered into an agreement with funds managed by Oaktree Capital Management, under which Oaktree and Azorra’s founders will invest $350 million to expand Azorra’s commercial aircraft leasing business.Led by a seasoned team of...
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March 22, 2021, 07:09 AM
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Vedder Price has created a Task Force to assist clients impacted by the indictment involving Aircraft Guaranty Corporation (AGC) and Wright Brothers Aircraft Title, Inc. (WBAT) filed by the United States Attorney’s Office for the Eastern District of...
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March 02, 2021, 07:17 AM
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Seabury Capital Group LLC announced the formation of Seabury Aircraft Capital LLC (SAC) through a combination of its existing advisory practices and the acquisition of an investment banking firm Structured Finance International (SFI) whose...
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February 27, 2020, 07:26 AM
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Jonty Nel has been appointed as GECAS’ Executive Vice President Commercial – International. He will take up the role in April.In this role, Nel will be responsible for building and executing GECAS’ commercial strategies across a number of regions...
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February 27, 2020, 07:18 AM
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Key industry partners have come together to launch the MRO Blockchain Alliance, the air transport sector’s first industry-wide investigation into the use of blockchain to trace, track and record aircraft parts.The new alliance is made up of leading...
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February 10, 2020, 07:00 AM
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Deloitte analyzed strategic innovation among forward-thinking players across the global movement of goods ecosystem. From ocean shipping and ports, to logistics providers, transportation and retailers, it reveals three key pillars that will underpin...
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December 30, 2019, 06:59 AM
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Apollo Global Management, Inc.; Athene Holding Ltd.; and GE Capital, the financial services arm of GE, announced they have closed their previously announced transaction for Apollo and Athene to purchase PK AirFinance, an aviation lending business...
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December 13, 2019, 07:28 AM
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LCI, a leading helicopter lessor and the aviation division of the Libra Group, has launched its first ever helicopter co-investment vehicle.The new helicopter ownership vehicle contains five aircraft all on long-term lease – three Leonardo AW139 and...
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October 22, 2019, 06:37 AM
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The Mahindra Group, a $20.7 billion global federation of companies, celebrated the opening of its new Washington, D.C., office. This year, Mahindra Group marks its 25th year of conducting business in the U.S. Its companies in the U.S. span a diverse...
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September 10, 2019, 07:20 AM
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Wings Capital Partners announced the addition of Jakob Gallagher as Vice President – Treasurer & Capital Markets.“Jakob’s strong background in corporate finance and experience in the capital markets will position him well in his new role. We are...
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August 20, 2019, 07:20 AM
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Amazon, at the International Paris Air Show, announced a partnership with GE Capital Aviation Services (GECAS) to lease an additional 15 Boeing 737-800 cargo aircraft. These aircraft will be in addition to the five Boeing 737-800’s already leased...
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June 19, 2019, 07:25 AM
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Aviation Capital Group LLC (ACG), a leading aircraft operating lessor, announced the upsize, amendment and extension of its five-year unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders named...
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June 10, 2019, 07:10 AM
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Amazon expanded its Amazon Air fleet by partnering with GE Capital Aviation Services to lease five Boeing 737-800 cargo aircraft. The five aircraft will be operated on Amazon’s behalf by Southern Air, an Atlas Air Worldwide Holdings, Inc. airline.“We...
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April 15, 2019, 07:29 AM
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Jackson Square Aviation announced Osamu (Sam) Muramoto will become the next Chairman of the aircraft-leasing company, effective June 1.Muramoto succeeds Naoki Sato, Managing Executive Officer of Mitsubishi UFJ Lease & Finance Co. Ltd. (MUL), who has...
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April 08, 2019, 07:10 AM
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Apollo Global Management LLC is seeking to raise as much as $1 billion for a new aircraft-finance fund, Bloomberg reports.The fund, expected to launch this year, would make various aviation investments and have a nine-year term, according to a person...
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March 29, 2019, 07:20 AM
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Willis Lease Finance Corporation (WLFC) and FLYdocs have joined forces to develop a pilot program demonstrating the use of blockchain technology on an open source data sharing platform for aircraft, engine and component records.The two firms are...
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February 22, 2019, 07:01 AM
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Willis Lease Finance Corporation announced the closing of a sale and leaseback transaction on ten Airbus A319 aircraft with easyJet Airline. The aircraft are powered by CFM56-5B engines. The deal combines elements from across the Willis Platform...
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January 10, 2019, 06:50 AM
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Global investment firm KKR and Altavair AirFinance, a leader in commercial aviation finance, announced the two firms have entered into an agreement to form a long-term partnership to pursue the creation of a leading, global portfolio of leased...
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January 04, 2019, 07:20 AM
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Aircraft lessors continue to benefit from largely favorable market conditions, including above-average air traffic growth, increasing operating lease penetration, demand for aircraft across the age spectrum and accessible funding markets, according...
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September 21, 2018, 07:01 AM
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CSI Leasing, Inc. (CSI) announced it will now offer equipment lifecycle and leasing solutions for aircraft ground support equipment (GSE). In conjunction, CSI has hired GSE industry expert Neil Bennett to lead the initiative as GSE leasing global...
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April 06, 2018, 07:25 AM
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A strong secondary market for midlife commercial aircraft coupled with gradual deliveries of new generation airplanes have reduced the average age of aircraft lessors' owned portfolios, Fitch Ratings said. This is a positive for the aircraft leasing...
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April 03, 2018, 07:20 AM
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Aviation Capital Group LLC (ACG) announced the formation of its new Aircraft Financing Solutions (AFS) group. The AFS initiative will focus on the development and marketing of credit-enhanced financing structures that provide airline customers more...
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March 06, 2018, 07:15 AM
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Fly Leasing Limited announced that it has entered into a definitive agreement with AirAsia Berhad ("AAB") and its subsidiary, Asia Aviation Capital Limited ("AAC"), under which FLY will acquire 54 Airbus narrowbody aircraft and seven CFM engines on...
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March 01, 2018, 07:00 AM
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Lease Corporation International (LCI), the aviation division of the Libra Group, announced that it is expanding its partnership with CHC through the placement of a second Airbus Helicopters H175 aircraft with the operator.The helicopter is due to...
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February 28, 2018, 06:50 AM
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Lease Corporation International (LCI), the leading helicopter lessor and aviation division of the Libra Group, has closed its inaugural capital markets term loan financing, with a value in excess of US$55 million. The private, senior secured tranches...
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February 13, 2018, 07:00 AM
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Global Jet Capital, a world leader in financial solutions for private aircraft, announced the appointment of Jeremy Dials as Vice President Sales, South Central US. He will cover an area taking in Texas, Oklahoma, Arkansas, Louisiana and...
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January 29, 2018, 07:04 AM
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Declan Kelly has been named Chief Commercial Officer for GECAS. In this newly created role, Kelly will lead all originations activities for GECAS’ fixed wing aircraft and is responsible for the commercial strategy, building synergy and share...
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January 15, 2018, 07:05 AM
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Natixis announced that it has appointed Gareth John as Global Head of Aviation Finance. He reports to Olivier Delay, Global Head of Aviation, Export & Infrastructure at Natixis. Locally John will report to Benjamin Sirgue, Head of Global Finance...
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January 04, 2018, 07:10 AM
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Lobo Leasing Limited, a leading world-wide helicopter leasing company based in Dublin, Ireland, announced the completion of a helicopter leasing transaction with global operator CHC Group for one offshore configured AW139 helicopter to be based in...
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December 18, 2017, 07:00 AM
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Aviation Capital Group LLC (ACG) announced that its parent company, Pacific Life Insurance Company, has closed a transaction with Tokyo Century Corporation (TC) that results in an investment by TC for a 20 percent membership interest in ACG. In...
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December 12, 2017, 07:10 AM
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Boeing and Avolon finalized an order for 75 737 MAX airplanes. The confirmed order is for 55 MAX 8s and 20 MAX 10s, with options for 20 additional MAX 8s.The agreement, announced as a memorandum of understanding at the 2017 Paris Air Show, is valued...
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November 20, 2017, 06:00 AM
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Aerospace industry veteran C. Jeffrey Knittel, formerly both Chief Executive of C2 Aviation Capital and President of CIT Transportation Finance, will join Airbus early next year, taking the reins of the company’s business in the Americas.Mr. Knittel...
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November 08, 2017, 07:10 AM
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Reuters reported that General Electric is considering options for its aircraft leasing operations, including the sale of all or part of the businesss, according to people familiar with the matter. According to the Reuters report, sources stated GE’s...
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November 07, 2017, 07:10 AM
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Stonebriar Commercial Finance announced the closing of $25MM in lease financing for EMS helicopters. Proceeds of the transaction were used to refinance existing leases following a change in company ownership. Steve White, EVP of Stonebriar stated "...
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October 23, 2017, 07:08 AM
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JetLoan Capital arranged funding for four private aircraft in September:
An acquisition financing of a new Bombardier Challenger 350 with a loan amount $16 million, a 60-month term, and a 120-month amortization.
A refinance of a 2009 Gulfstream...
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October 10, 2017, 07:00 AM
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CIT Group announced the expansion of its commercial aircraft lending business. The new Aviation Lending team will be led by Jennifer Villa Tennity who rejoins CIT as president of the business, providing aircraft-backed loans to the commercial...
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October 04, 2017, 07:23 AM
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Aviation Capital Group LLC (“ACG”) announced that its parent company, Pacific Life Insurance Company, has entered into an agreement with Tokyo Century Corporation (TC), that results in an investment by TC for a 20 percent membership interest in ACG....
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September 29, 2017, 07:03 AM
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Aircraft lessors continue to consolidate and form new partnerships to improve scale and meet rising demand for air traffic, according to Fitch Ratings in its latest North American Financial Institutions Chart of the Month. In April 2017, Avolon...
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September 28, 2017, 07:05 AM
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Generally favorable industry dynamics have been supportive of aircraft leasing company credit profiles thus far in 2017 and should continue to be supportive throughout the remainder of the year and into 2018, according to Fitch Ratings. A combination...
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September 22, 2017, 07:04 AM
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Smaller aircraft lessors have increasingly sponsored global aircraft ABS during the last 18 months, while larger, established lessors have sought financing elsewhere. More participation from new, less established lessors is leading to changes in the...
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September 18, 2017, 07:08 AM
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Stonebriar Commercial Finance's SCF Business Aviation platform is re-launching as SCF Aviation Capital with the expansion of its capabilities to include both commercial and business aviation.Stonebriar Commercial Finance ("Stonebriar") also announced...
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August 28, 2017, 07:09 AM
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Aircraft lessor Fly Leasing Limited announced it has appointed Julie Ruehl as its Chief Financial Officer, succeeding Gary Dales, who served as FLY's CFO for ten years."After a thorough and thoughtful search process, we are thrilled to welcome Julie...
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August 11, 2017, 07:06 AM
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Air Lease Corporation announced that a wholly-owned subsidiary of the Company entered into a joint venture with a co-investment vehicle (the “JV Partner”) arranged by Napier Park Global Capital for the purpose of investing in commercial aircraft and...
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August 04, 2017, 07:22 AM
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Mitsubishi UFJ Financial Group says it is "evolving" beyond its traditional niche as a financer of energy projects in an effort to take on big lending rivals like Wells Fargo and J.P. Morgan in the market for receivables finance and asset-based...
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July 12, 2017, 07:10 AM
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Aviation finance industry veteran Sam Harris announces Faith Hill joins JetLoan Capital as a sales representative. The company is an independent aviation financial brokerage firm assisting aircraft owners with financing and refinancing jet, turboprop...
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June 22, 2017, 07:00 AM
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Aviation finance industry veteran Sam Harris has launched JetLoan Capital. Melanie Malanowski will head operations. The company is an independent aviation financial brokerage firm assisting aircraft owners with financing and refinancing jet...
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May 12, 2017, 06:06 AM
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CIT Group announced that it completed the sale of its 30 percent ownership stake in the commercial aircraft leasing joint ventures TC-CIT Aviation Ireland and TC-CIT Aviation U.S., Inc. to its joint venture partner Tokyo Century Corporation (TC). ...
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April 04, 2017, 07:02 AM
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CIT Group announced that it has reached an agreement to sell its 30 percent ownership stake in the commercial aircraft leasing joint ventures TC-CIT Aviation Ireland and TC-CIT Aviation U.S., Inc. to its joint venture partner Tokyo Century...
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March 10, 2017, 07:00 AM
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Waypoint Leasing (Ireland) Limited announced that it has entered into a lease agreement with Shanghai Skyway General Aviation Company (“Skyway”), a provider of helicopter transportation and related support services in China, for one new Airbus H135...
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March 08, 2017, 07:00 AM
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TCF Equipment Finance (TCFEF), a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF) announced the appointment of Neil Bennett as national finance manager for its airport ground support equipment Bennett has more...
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March 01, 2017, 07:15 AM
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CIT Group announced that CIT Aerospace finished 2016 on a strong operating note. During the fourth quarter of 2016, CIT Aerospace signed 26 lease agreements for current and future leases of commercial aircraft and delivered 17 aircraft, including new...
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February 28, 2017, 07:03 AM
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Embraer announced the appointment of Michael Amalfitano as the President and CEO of its Executive Jets business unit. Amalfitano will succeed Marco Tulio Pellegrini, who will assume another leadership position to be announced soon. The change will...
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February 17, 2017, 07:19 AM
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Greg Holst, President of the Aircraft Division within the 1st Source Bank Specialty Finance Group, announced the addition of Michael C. Francis as Vice President and Relationship Sales Officer.Francis is a business aviation professional with more...
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February 07, 2017, 07:05 AM
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Air Lease Corporation announced long term lease agreements with China Southern Airlines for five new Boeing 787-9 aircraft outfitted with GE’s GEnx engines, all from ALC’s order book with Boeing. Delivery of the aircraft is scheduled to begin in the...
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February 06, 2017, 07:00 AM
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Milestone Aviation Group Limited ("Milestone"), a GE Capital Aviation Services ("GECAS") company and the global leader in helicopter leasing, announced today a commitment letter with Bristow Group Inc. ("Bristow"), a leading provider of global...
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February 03, 2017, 07:17 AM
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JetLease Capital announced the company placed funding for the following loans in December 2016:New 2016 Cirrus SR22: The transaction was structured as a 20-year term, with a 20-year amortization, 80% LTV (loan to value) at an interest rate of 4.75%....
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February 02, 2017, 07:05 AM
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JetLease Capital (JLC) announced the addition of Kenneth Parzygnat to their team. The company also announed that Parzygnat has successfully closed his second transaction since joining the JetLease Capital team.Parzygnat has served in financial...
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January 19, 2017, 07:10 AM
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In a strategic move to execute the new direction to position the company as one of the world’s leading aviation leasing businesses, CDB Aviation Lease Finance (“CDBALF”), the aircraft leasing unit of China Development Bank Financial Leasing Co....
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January 17, 2017, 08:01 AM
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Aircraft leasing companies are poised for favorable industry dynamics in 2017 and should benefit from strong growth of global air traffic, according to a new report from Fitch Ratings. Moderate increases in energy prices will reduce airline...
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January 13, 2017, 07:04 AM
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PNC Bank announced the appointment of Alex Overstrom as head of PNC Aviation Finance, a premier aircraft lender, funding over $3 billion in aircraft loans over the past five years. In addition, Keith Hayes joins the leadership team as national sales...
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January 10, 2017, 07:10 AM
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Global Jet Capital, a global provider of financing solutions for corporate aircraft, announced that it has appointed Bill Boisture as its Chairman.Boisture is an Operating Partner at AE Industrial Partners (AEI), one of the world-class private...
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November 03, 2016, 07:05 AM
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Willis Lease Finance Corporation announced that its wholly owned subsidiary, Willis Asset Management Limited, has purchased the business and assets of Total Engine Support Limited (“TES”), the consulting and asset management business of the TES...
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October 27, 2016, 07:00 AM
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Given the recent decline in oil prices, the value of new-technology aircraft has been questioned, but this is not warranted. New-technology aircraft create revenue opportunities and reduce operating costs, enabling airlines to build competitive moats...
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September 26, 2016, 07:10 AM
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Aircraft lessors around the world continue to benefit from increased air travel, strong airline profitability, low interest rates and generally accessible funding markets, according to Fitch Ratings' latest North American FI Chart of the Month and...
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September 20, 2016, 07:06 AM
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GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, announced it signed a purchase-and-leaseback transaction with Korean Air Lines Co., Ltd. for five new Boeing 777F freighters powered by GE90 engines as part of...
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September 06, 2016, 07:00 AM
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CIT Group announced that CIT Aerospace signed a total of 39 agreements in the second quarter of 2016 for the current and future leases of commercial aircraft. CIT Aerospace also delivered 26 aircraft, including new and used aircraft and lease...
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August 23, 2016, 07:11 AM
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CIT Group announced that CIT Aerospace has delivered two Boeing 737-800 aircraft to Air Transat, a Canadian airline based in Montreal.The aircraft, MSN 29933 and MSN 29934, are powered by CFM56-7B26 engines. This aircraft delivery expands on a more...
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August 22, 2016, 07:00 AM
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CapX Partners (CapX) announced the closing of a $5.25 million lease line of credit to PCX Aerostructures. PCX Aerostructures (“PCX”) is a world-class supplier of highly engineered, precision, flight critical and structural assemblies for rotorcraft...
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August 10, 2016, 07:08 AM
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CIT Group announced that it has filed an initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (“SEC”) in conjunction with the separation of its commercial aircraft leasing business. As previously stated, CIT...
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July 01, 2016, 07:07 AM
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Reuters exclusivley reported that CIT Group has kicked off the sale of its aircraft leasing assets by inviting more than a dozen entities to consider bidding, including China's HNA Group, Industrial and Commercial Bank of China's ICBC Leasing, and...
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May 31, 2016, 07:15 AM
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Willis Lease Finance announced that Scott B. Flaherty is joining the company as its Senior Vice President and Chief Financial Officer beginning June 6, 2016.“Scott brings a broad finance and capital markets background to Willis Lease, as well as...
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May 24, 2016, 07:15 AM
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CIT Group announced that CIT Aerospace signed a total of 22 agreements in the first quarter of 2016 for the current and future leases of commercial aircraft. CIT Aerospace delivered 16 aircraft, including new and used aircraft and lease extensions of...
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May 23, 2016, 07:10 AM
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Waypoint Leasing Limited, the largest independent global helicopter leasing company, has closed a revolving credit facility led by the Specialty Finance Lending unit of KeyBank, N.A. This facility provides additional revolving capacity to increase...
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May 12, 2016, 07:00 AM
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Willis Lease Finance Corporation announced that it has expanded its $700 million revolving credit facility by over 40% to $1 billion, which includes a $110 million accordion feature. The facility has a 5-year term and additional flexibility. Willis...
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April 22, 2016, 07:05 AM
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Bombardier Business Aircraft reaffirmed its commitment to the success of the Learjet product family by announcing the creation of a dedicated, worldwide sales team with the Learjet 70 and Learjet 75 aircraft as its singular focus. To that end, Mike...
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April 22, 2016, 07:00 AM
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Stonebriar Commercial Finance closed a large multi-million transaction on a current production business jet full flight simulator and an associated business jet flight training device to achieve client objective. The client, a major corporation in...
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April 18, 2016, 07:15 AM
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Stonebriar Commercial Finance ("Stonebriar") announced it has acquired the Guggenheim Business Aircraft Investments team, led by Nicholas M. Sandler, along with 16 aircraft under long term leases with an asset value in excess of $220 million. Sandler...
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April 08, 2016, 07:18 AM
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Global Jet Capital (GJC), a provider of financing solutions for large-cabin and long-range private jets, has announced the structure and appointments of its new senior leadership team. This highly experienced group, which will report into the GJC...
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March 17, 2016, 07:02 AM
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Xced Aviation Services is proud to announce a second record year of growth, doubling its revenue once again in fiscal year 2015. As North America’s leading provider of financing and asset management to the ground services equipment (GSE) industry...
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February 11, 2016, 07:00 AM
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Stonebriar Commercial Finance (SCF) provided a $9.8 million, 60 month term loan refinancing for a 15 year old Bombardier Global Express business jet utilized in long term lease charter agreements critical to the business. The borrower is a leading...
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January 18, 2016, 07:15 AM
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Lobo Leasing, a leading global helicopter leasing company, announced the addition of Mark Kelly as Executive Vice President and Managing Director of Lobo Leasing Ltd. to lead its global headquarters in Dublin and report to Lobo CEO, Bill Wolf. Kelly...
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January 12, 2016, 07:08 AM
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Bohai Leasing (“Bohai”) announced the completion of its acquisition of Avolon Holdings, the international aircraft leasing company. As a wholly-owned subsidiary of Bohai, Avolon will be combined with Bohai’s existing aircraft leasing businesses to...
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January 11, 2016, 07:04 AM
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JetLease Capital announced the company arranged and closed a financing for a 1983 Cheyenne IIXL, based in the South East Unites States. The transaction was structured as a 10-year term loan facility at a 4.50% interest rate. The client is a high...
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January 07, 2016, 06:00 AM
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Air Lease Corporation announced the sale of 25 ATR aircraft in its fleet to Nordic Aviation Capital A/S (“NAC”). These ATR aircraft have served ALC well in meeting the demand from airline customers operating shorter sector lengths. As the business...
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December 28, 2015, 06:40 AM
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JetLease Capital arranged and closed a $2 million loan financing for a Cessna Citation CJ2 based in the Midwest United States. The transaction was structured as a 7 year term loan, 15 year amortization, 80% LTV. The client is a high net worth...
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October 08, 2015, 06:00 AM
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GE announced that it has reached an agreement to sell its fixed-wing Corporate Aircraft financing portfolio in the Americas to Global Jet Capital, a provider of financing solutions for the private aircraft market. “We are excited to sell our...
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October 06, 2015, 07:15 AM
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While the global airline industry is in the midst of a relative boon, industry insiders see headwinds ahead posed by a convergence of rising rates and oil prices, and changes to the competitive landscape, according to Steve Mason, Vice President of...
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October 05, 2015, 06:58 AM
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The global airline industry currently has access to an abundance of fragmented capital, but there may not be an equal abundance of market awareness to adapt to potential changes in market conditions. This fragmentation has served the industry well...
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September 29, 2015, 07:05 AM
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Waypoint Leasing (“Waypoint”), the largest independent global helicopter leasing company, announced that it has closed on the private placement of US$200 million of senior secured notes, representing Waypoint’s inaugural capital markets financing....
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September 08, 2015, 08:00 AM
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Avolon, the international aircraft leasing company, announced it has entered into a definitive merger agreement to be acquired by Bohai Leasing Co., Ltd. at a price of US$31 cash per common share. Under the terms of the Transaction, which has been...
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September 04, 2015, 07:41 AM
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Aerospace executives are optimistic about the short-term prospects of their industry, but looming interest rate hikes and fuel price volatility are compelling them to act, according to an exclusive online study released by CIT Aerospace, a global...
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September 03, 2015, 07:08 AM
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Avolon, the international aircraft leasing company, announced that it has entered into an Exclusivity Agreement with Bohai Leasing Co., Ltd. granting Bohai exclusivity to negotiate with Avolon until September 7, 2015 (the “Exclusivity Period”) with...
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August 11, 2015, 07:50 AM
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Lobo Leasing, a leading global helicopter leasing company, announced the launch of a Latin America office in Rio de Janeiro, Brazil, led by newly appointed Business Development professional, Gustavo Semeraro. With the opening of the new base, Lobo...
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August 11, 2015, 07:38 AM
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NXT Capital announced that it has provided a senior secured credit facility to support the refinancing of Sunvair Aerospace Group, Inc., a portfolio company of Blue Sea Capital. The transaction also included Sunvair’s acquisition of Aviation...
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August 10, 2015, 07:00 AM
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JetLease Capital announced the company arranged and closed financing for a Hawker 900XP business jet based in the Midwest United States. The transaction was structured as a 7 year term loan, 15 year amortization, floating interest rate of Libor +...
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July 29, 2015, 06:50 AM
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Stonebriar Commercial Finance has provided $30 million in lease financing and commitments to a major provider of medical air transportation. The proceeds are being used to fund new helicopters that support the company's rapidly expanding business....
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July 20, 2015, 07:12 AM
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Avolon, the international aircraft leasing company, and Bohai Leasing Co., Ltd., the Chinese leasing and financial services company affiliated with HNA Group, announced that they have entered into an agreement under which Bohai will make a cash...
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July 14, 2015, 06:00 AM
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Stonebriar Commercial Finance LLC (“Stonebriar”) announced that Michael T. Amalfitano, Sr., a leader in the corporate aircraft finance industry, has joined the newly formed commercial finance company as Executive Vice President, Senior Managing...
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July 09, 2015, 07:13 AM
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The cessation of new lending activities by the Export-Import Bank of the US (Ex-Im) does not have an immediate impact on aircraft leasing companies, given the broad market access they currently enjoy. However, a permanent loss of Ex-Im would...
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July 07, 2015, 06:41 AM
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The former director of finance and accounting at Gulfstream Aerospace Corporation’s Long Beach facility was sentenced to 135 months in federal prison for embezzling more than $10 million from his employer over a 13-year period.Marvin Jay Caukin, 66...
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June 24, 2015, 07:12 AM
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Bell Helicopter, a Textron Inc. company, and Milestone Aviation Group, a GE Capital Aviation Services company announced today plans to move forward with a letter of intent (LOI) to acquire 20 Bell 525 Relentless helicopters. These aircraft will serve...
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June 16, 2015, 07:02 AM
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Waypoint Leasing (Ireland) Limited ("Waypoint"), announced that it has reached a lease agreement for two helicopters with Titan Helicopter Group (“Titan”), a leading provider of helicopter services with operations spanning South Africa, Namibia...
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June 11, 2015, 05:00 AM
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Bombardier Business Aircraft released its annual 10-year forecast for the private aviation market at the European Business Aviation Convention and Exhibition (EBACE) in Geneva.Current economic conditions and geopolitical issues in some markets such...
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May 19, 2015, 07:05 AM
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JetLease Capital announced it acted as advisor/consultant for a $22 million Gulfstream G550 loan. The aircraft is based in the South Western United States. The transaction was structured as a 5 year term loan and variable interest rate of 2.20%. ...
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May 13, 2015, 06:00 AM
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NewStar Financial and Lobo Leasing, a leading global helicopter leasing company, announced that they have provided a comprehensive fleet financing solution to RLC LLC, the largest privately-held helicopter services company operating in the Gulf of...
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April 29, 2015, 07:03 AM
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JetLease Capital announced it arranged and closed financing for a Challenger 300 based on the West Coast of the United States. The transaction was structured as a 5 year term loan with a fixed interest rate of 4.5%. The client is a high net worth...
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April 08, 2015, 06:00 AM
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Century Tokyo Leasing (USA) Inc. is pleased to announce the opening of its new aircraft finance unit in Centennial, Colorado, effective April 1, 2015.From this office, CTUSA will develop its commercial aircraft finance platform for the U.S....
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March 27, 2015, 06:49 AM
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Amur Finance Company announced the acquisition of Singapore-based Lloyd Helicopter Pte. Ltd. (Lloyd) through Amur's subsidiaries Amur Helicopter Financial Services (Amur HFS) and Amur ESL PTE Ltd. (Amur ESL). For over 35 years, Lloyd has provided the...
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March 25, 2015, 07:02 AM
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The RVI Group is pleased to announce Sharon N. McKenna has been appointed Vice President, Aircraft Risk and Asset Management. Sharon will be responsible for all underwriting of commercial and general aviation transactions, performing risk analysis...
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March 05, 2015, 07:12 AM
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Milestone Aviation Group, a GE Capital Aviation Services company and the global leader in helicopter leasing announced today at Helicopter Association International’s Heli-Expo that the company is expanding its international presence into three new...
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March 03, 2015, 06:53 AM
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CIT Group Inc. announced that CIT Aerospace has signed purchase agreements with Airbus for 15 A330-900neo (new engine option) aircraft and five A321-200ceo (current engine option) aircraft. Deliveries of the A330-900neo are scheduled to begin in 2018...
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December 04, 2014, 06:15 AM
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JetLease Capital announced the company arranged and closed a financing for a 2002 Citation Excel business jet aircraft.The transaction was structured as a 5 year term loan facility with a 144 month amortization at a 2% floating interest rate. The...
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November 07, 2014, 03:00 PM
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GE Capital Aviation Services (GECAS), the aircraft leasing unit of GE, announced the signing of an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 billion. “The Milestone acquisition is a great fit for GE...
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October 14, 2014, 06:00 AM
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CIT Group today announced that it has agreed to form TC-CIT Aviation Ireland and TC-CIT Aviation U.S. (together TC-CIT Aviation), joint ventures between CIT Aerospace, a global leader in aircraft finance, and Century Tokyo Leasing Corporation (“CTL”)...
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October 10, 2014, 07:04 AM
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CIT Group announced that it served as Joint Lead Arranger and Administrative Agent in a $325 million senior secured credit facility to LCI Helicopters (LCIH), the helicopter leasing subsidiary of Lease Corporation International. The facility will be...
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October 02, 2014, 05:00 AM
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Tetra Financial Group announced that it has closed an aircraft lease for a large Minnesota-based aviation firm that provides aircraft chartering, maintenance, management and sales for the aircraft industry. With Tetra Financial Group's lease...
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September 30, 2014, 06:50 AM
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Bloomberg reported Marathon Asset Management LP is seeking to raise a $500 million fund to capitalize on a lending void left by banks primarily in the U.S., according to a person with knowledge of the matter. According to the Bloomberg report...
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September 15, 2014, 07:00 AM
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CIT Group announced that CIT Aerospace provided a $27 million senior secured credit facility to Virgo Investment Group LLC, a private investment management firm, to finance its acquisition of four Boeing 737-700 aircraft leased to GOL, an airline...
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July 31, 2014, 06:00 AM
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CIT Group announced that CIT Aerospace signed a total of 35 agreements in the second quarter of 2014 for the current and future leases of commercial aircraft. CIT Aerospace delivered 37 aircraft, including new and used aircraft and lease extensions...
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July 30, 2014, 06:17 AM
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CIT Group announced from the Farnborough International Air Show that CIT Aerospace has placed an order with Boeing for 10 787-9 Dreamliner aircraft. “CIT is one of the leading companies in global transportation finance and clearly recognizes the...
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July 16, 2014, 06:00 AM
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CIT Group announced from the Farnborough International Air Show that CIT Aerospace has signed memorandums of understanding with Airbus for 15 A330-900neo (new engine option) aircraft and five A321-200ceo (current engine option) aircraft. Deliveries...
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July 15, 2014, 06:00 AM
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IronPlanet announced a licensing agreement with BiddingAce, a new online marketplace for general aviation aircraft. Under the agreement, BiddingAce uses IronPlanet technology to power its e-commerce marketplace. “IronPlanet is excited to extend our...
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June 11, 2014, 06:55 AM
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Willis Lease Finance Corporation and China Aviation Supplies Import & Export Corporation Limited ("CASC"), China's leader in aviation supplies trade, distribution and logistics, announced the launch of CASC Willis Engine Lease Company Limited ("CASC...
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June 10, 2014, 06:10 AM
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Element Financial Corporation announced that it has entered into an agreement with Cargojet Inc., (“Cargojet”) to finance three Boeing 767-300ER freighter aircraft for approximately $100 Million. The transaction will provide Canada’s leading supplier...
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June 09, 2014, 07:00 AM
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AerCap Holdings N.V. ("AerCap") has completed its previously announced acquisition of International Lease Finance Corporation ("ILFC") from American International Group, Inc. ("AIG") (NYSE: AIG). Under the terms of the agreement, AerCap paid AIG $3.0...
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May 15, 2014, 06:40 AM
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First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, has announced that they have funded a 2013 Falcon 2000S for a fortune 500 company in the amount of $27.7 Million.The customer stated that...
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April 25, 2014, 06:36 AM
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Amur Finance Company, Inc. (AFC) announced that the company has entered into a 50/50 joint venture between AFC and the owners of Jet Midwest, Inc., to form Amur JMW Aviation, LLC (AJMWA). As a culmination of a mutually beneficial relationship, AJMWA...
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March 19, 2014, 06:00 AM
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A maturing small twin-aisle aircraft market presents challenges and opportunities for Airbus as it considers the future of its A330 aircraft, according to Steve Mason, Vice President of Aircraft Analysis, CIT Aerospace at CIT Group. These views and...
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March 18, 2014, 06:04 AM
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International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that it has closed a new senior secured term loan of $1.5 billion. The loan will bear interest at LIBOR plus...
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March 07, 2014, 06:30 AM
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Amur Finance Company, Inc. (AFC) announced the formation of a new subsidiary, Amur Helicopter Financial Services (Amur HFS). Amur HFS will address an unfilled need in the marketplace by offering a complete suite of integrated Fleet Management...
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February 25, 2014, 07:00 AM
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International Lease Finance Corporation (ILFC) announced that the company completed a total of 281 lease transactions in 2013 including both extensions and new leases of aircraft from ILFC's portfolio. Furthermore, during 2013, the company ordered...
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January 23, 2014, 06:00 AM
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Textron announced that it has reached agreement to purchase all outstanding equity interests in Beech Holdings, LLC, the parent of Beechcraft Corporation, for approximately $1.4 billion in cash. Beechcraft Corporation, with estimated 2013 revenues of...
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December 27, 2013, 07:09 AM
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AerCap Holdings N.V. today announced that it has entered into a definitive agreement with American International Group, Inc. under which AerCap will acquire 100% of the common stock of International Lease Finance Corporation ("ILFC"), a wholly-owned...
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December 16, 2013, 07:13 AM
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Bloomberg reports AIG is now in talks to sell its jet-leasing business, International Lease Finance Corp., to AerCap Holdings NV, people with knowledge of the matter said. AerCap, based in Schiphol, Netherlands, has a market value of $2.56 billion....
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December 13, 2013, 07:00 AM
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According to a Research and Markets report, "Global Aircraft Financing Market 2012-2016", analysts forecast the Global Aircraft Financing market to grow at a CAGR of 7.27 percent over the period 2012-2016. One of the key factors contributing to this...
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December 02, 2013, 06:13 AM
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According to Fitch Ratings, recent decisions by large aircraft-leasing companies to write down the value of certain older, uncompetitive aircraft fleet types in response to shifting global supply-and-demand fundamentals highlight asset quality risks...
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November 14, 2013, 06:16 AM
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Bombardier Aerospace announced the appointment of Éric Martel as President, Bombardier Business Aircraft. Mr. Martel succeeds Steve Ridolfi, who last week was appointed Senior Vice President, Strategy and Mergers and Acquisitions, Bombardier Inc....
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November 05, 2013, 06:39 AM
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AeroTurbine Inc., a wholly owned subsidiary of International Lease Finance Corporation (ILFC), announced today its intention to enter into a new partnership with Lufthansa Technik AG, the world's largest provider of aircraft-related technical...
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October 28, 2013, 07:01 AM
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Element Financial Corporation (“Element” or the “Company”) announced that the company’s aviation finance business unit, acting as lessor, lender or lead arranger, has successfully leased or financed more than 100 aircraft since the inception of this...
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October 01, 2013, 06:59 AM
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Bloomberg reported that New China Trust Co., which led a Chinese investor group in a $4.2 billion bid for American International Group Inc. (AIG)’s aircraft-leasing unit (ILFC), pulled out of the deal on concern its ties with a Chinese regulator...
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August 22, 2013, 06:59 AM
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Fifth Street Finance Corp. ( (the "Company" or "Fifth Street") announced the formation of a new portfolio company in the aircraft leasing sector, First Star Aviation LLC ("First Star"). Pradeep Hathiramani, former Principal and Sector Head of...
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August 15, 2013, 07:02 AM
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Bloomberg reported American International Group Inc. (AIG) is increasingly likely to pursue an initial public offering for ILFC after a deal to sell the unit stalled, according to industy analysts.According to the report, a Chinese buyer group had a...
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August 01, 2013, 06:50 AM
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Macquarie Group ("Macquarie") announced the launch of Macquarie Rotorcraft Leasing, a helicopter operating leasing business that will focus on the growing, worldwide demand for commercial helicopters servicing offshore oil and gas, medical transport...
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July 16, 2013, 07:00 AM
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International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc., announced that it has completed 125 lease transactions during the January through June timeframe of 2013. These transactions include...
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July 09, 2013, 07:00 AM
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CIT Group Inc. announced that CIT Transportation Lending provided financing to Dublin-based Lease Corporation International (LCI) to acquire three AgustaWestland 139 helicopters. The aircraft are in offshore oil and gas configuration and are on lease...
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July 02, 2013, 06:21 AM
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Bombardier Aerospace released its annual 20-year forecast for the business and commercial aircraft market numbers.As the business and commercial aircraft markets continue to recover from the industry downturn, signs of forward momentum are beginning...
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June 17, 2013, 07:05 AM
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Reuters reported International Lease Finance Corp is set to place an order for 50 Airbus A320neo narrowbody jets worth $5 billion at list prices, industry sources said on Sunday. The order could be announced as early as Monday at the Paris Airshow...
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June 17, 2013, 06:57 AM
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IronPlanet announced it has entered into an alliance with the Aircraft Owners and Pilots Association (AOPA) for the creation of a marketplace for aircraft. “For the past 13 years, our innovative technology has made equipment buying and selling more...
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June 13, 2013, 06:57 AM
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Reuters reported a Chinese group's purchase of ILFC could collapse after American International Group said on Friday it did not receive a scheduled deposit payment. According to the report, under terms of the agreement, the missed payment gives AIG...
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June 03, 2013, 07:01 AM
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Salus Capital Partners, LLC announced it has provided a $45.5 million Senior-Secured Credit Facility to Rotorcraft Leasing Company, LLC. Rotorcraft, a portfolio company of Sankaty Advisors, LLC, is the largest privately-owned helicopter operator in...
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May 15, 2013, 06:00 AM
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AINOnline reported worldwide business jet deliveries rose by 4%, to 129 units, in the first quarter, while pressurized turboprops saw an increase of nearly 53% year-over-year according to statistics released GAMA. According ot the report, billings...
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May 10, 2013, 07:00 AM
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Air Lease Corporation announced the closing of a 4 year unsecured revolving bank credit facility for $1.7 billion priced at LIBOR +1.45%, with no LIBOR floor. This new facility amends and updates the existing bank facility, by increasing the size...
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May 08, 2013, 06:45 AM
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Key Equipment Finance announced that Patti Ann Sullivan, vice president of corporate aviation finance for Key Equipment Finance, has been named to the board of directors of the Massachusetts Business Aviation Association (MBAA). The MBAA is a not-for...
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May 07, 2013, 07:00 AM
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CIT Aerospace announced that it delivered nine aircraft and signed 28 lease agreements in the first quarter of 2013. The deliveries include new and used aircraft, as well as lease extensions of its existing fleet, while the lease agreements include...
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April 30, 2013, 06:54 AM
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International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. announced it has completed a total of 60 lease transactions during the first quarter of 2013. These transactions include extensions, new...
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April 26, 2013, 07:05 AM
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An ongoing dispute among major aircraft leasing companies, local Indian authorities, and Kingfisher Airlines, which has been grounded since late last year, provides some critical insights into risk factors for lessors seeking to safeguard interests...
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April 24, 2013, 06:02 AM
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International Lease Finance Corporation (ILFC) announced the partial prepayment and amendment of its secured term loan entered into on February 23, 2012. This prepayment reduces the outstanding principal amount to $750 million, from the original loan...
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April 08, 2013, 06:49 AM
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AIN Online reported the number of pre-owned business jets for sale has remianed around the 2,500 level over the past several years since climbing from about 1,600 before 2008, according to business aviation market information firm JetNet. Accordng...
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March 28, 2013, 06:56 AM
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International Lease Finance Corporation (ILFC) announced the successful removal of its A321 aircraft from India following Delhi’s High Court decision on March 15, 2013.This first aircraft's departure demonstrates the High Court's pragmatic approach...
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March 26, 2013, 07:03 AM
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International Lease Finance Corporation (ILFC), has been announced the winner of the ‘Aviation 100’ Lessor of the Year Award 2013 by Airline Economics. ILFC Chief Finance Officer Elias Habayeb was also named the 2013 CFO of the Year by the...
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March 11, 2013, 06:55 AM
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Willis Lease Finance Corporation, a leading lessor of commercial jet engines, announced that it has entered into a transaction to purchase and leaseback a total of 19 jet engines with SAS Group subsidiary Scandinavian Airlines (SAS). Willis Lease...
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March 05, 2013, 07:00 AM
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In 2012 BNP Paribas confirmed its leading position in Aviation Finance and remained strongly committed to the global industry. During 2012, BNP Paribas acted as Arranger, Underwriter or Bookrunner of some 35 aircraft finance related facilities on...
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February 25, 2013, 07:15 AM
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Beechcraft, formerly Hawker Beechcraft, announced it has formally emerged from the Chapter 11 process as a new company well-positioned to compete vigorously in the worldwide business aviation, special mission, trainer and light attack markets.The...
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February 19, 2013, 07:05 AM
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The General Aviation Manufacturers Association (GAMA) released the 2012 year-end shipments of general aviation airplanes. GAMA also expanded the data to include delivery data for helicopter manufacturers. Most general aviation aircraft flying in the...
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February 14, 2013, 07:10 AM
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International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc., announced that it secured 242 lease transactions in 2012. These lease transactions include both extensions and new leases for aircraft...
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January 21, 2013, 07:10 AM
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Avolon, the international aircraft leasing business, announced its intention to partner with Wells Fargo & Company (“Wells Fargo”), to form a new joint-venture aircraft leasing business called Avolon Capital Partners Limited ("ACP" or the "Business")...
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January 17, 2013, 07:00 AM
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AINonline reported that JPMorgan North America Equity Research is forecasting a 5% increase in business jet deliveries in 2013. According to the report, JP Morgan predicts that 627 business jets will be shipped during 2013, compared with an...
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January 16, 2013, 06:23 AM
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BMO Harris Equipment Finance Company announced today that it has hired Joe DiLallo to lead its corporate aviation finance and leasing business. DiLallo will be based in Cleveland, and he will have both national and international business development...
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January 09, 2013, 07:35 AM
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CIT Group announced that CIT Aerospace has placed an order with Airbus for 10 A350 XWB aircraft. Deliveries are scheduled to begin in 2019. “This order for Airbus A350 XWBs will further expand our portfolio of medium-to-long haul aircraft,” said C....
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January 04, 2013, 07:25 AM
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AINonline reported that according to the December Aerospace and Defense Business Jet Monthly report from J.P.Morgan, the business jet market in 2013 isn’t going to be a lot better than in the previous four years. However, the report also notes...
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December 27, 2012, 07:00 AM
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American International Group, Inc. and an investor group led by Mr. Weng Xianding, the Chairman of New China Trust Co. Ltd., announced today that they have entered into an agreement under which AIG will sell up to a 90% stake in International Lease...
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December 10, 2012, 07:26 AM
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AINonline reported that business jet deliveries remain relatively virtually flat, according to third-quarter industry numbers released by the General Aviation Manufacturers Association. According to the report, during the first nine months of 2012...
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November 09, 2012, 06:17 AM
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American International Group reported net income attributable to AIG of $1.9 billion and after-tax operating income of $1.6 billion for the quarter ended September 30, 2012, compared to a net loss attributable to AIG of $4.0 billion and an after-tax...
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November 05, 2012, 07:10 AM
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Willis Lease Finance Corporation reported that its wholly owned subsidiary Willis Engine Securitization Trust II (WEST II), a newly established asset backed securities (ABS) issuer, completed the sale of $390 million of senior secured notes on...
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September 24, 2012, 06:25 AM
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AINonline reported that the business aviation recovery might truly be under way, according to the first-half 2012 aircraft delivery report from the General Aviation Manufacturers Association (GAMA).According to the report, during the first six months...
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August 13, 2012, 06:11 AM
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According to Fitch Ratings, long-term credit fundamentals in the aircraft leasing industry are being supported by a number of factors, including growth in global air travel demand, capital constraints among the world's airlines, and the aircraft...
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July 13, 2012, 06:48 AM
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CIT Group Inc., announced from the Farnborough International Air Show (Air Show) that CIT Aerospace has placed orders with Airbus for 10 A330 aircraft in 2012. Five A330 aircraft were ordered earlier this year in conjunction with the cancellation of...
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July 11, 2012, 06:30 AM
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International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc., announced it completed a total of 130 lease transactions and took delivery of 14 new Boeing 737-800s during the January through June...
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July 10, 2012, 06:35 AM
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Boeing and Air Lease Corporation announced a firm order for 60 737 MAX 8 and 15 737 MAX 9 airplanes, with reconfirmation rights for 25 additional 737 MAXs. The order, with a list-price value of $7.2 billion, represents the first 737 MAX order by a...
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July 09, 2012, 06:35 AM
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American International Group, Inc. named Laurette T. Koellner to the newly created role of Executive Chairman of International Lease Finance Corporation (ILFC). In this role, Ms. Koellner becomes the most senior executive officer of ILFC and reports...
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June 22, 2012, 07:30 AM
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AINonline reported the global business aviation industry is anticipating a modest increase in flight utilization, according to statistics released last week by JetNet. According to the report, JetNet foresees nearly 5% growth in flight hours...
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June 19, 2012, 07:15 AM
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AINonline reported that according to the Teal Group’s recently issued business aviation forecast, 13,879 aircraft worth $310.3 billion will be delivered over the next 10 years. According to the report, Teal’s forecast calls for 6% and 8% growth in...
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May 31, 2012, 07:30 AM
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The General Aviation Manufacturers Association (GAMA) released the industry’s shipment and billings figures for the first quarter. In the first three months of 2012, total worldwide general aviation (GA) airplane shipments fell 2.1%, from 377 units...
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May 14, 2012, 06:30 AM
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Bombardier’s first-quarter financial results, show a decline of company-wide revenue from $4.7 billion to $3.5 billion year-over-year, while revenues for its aerospace division decreased from $2.2 billion to $1.5 billion. “As anticipated, we had...
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May 11, 2012, 06:30 AM
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Chicago Tribune reported profits of Willis Lease Finance dropped 41.4% year-to-year in the first quarter resulting from fewer leased aircraft, engines and parts. According to the report, Willis recorded a profit of $2.5 million in the first quarter...
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May 09, 2012, 07:00 AM
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Reuters reported that American International Group (AIG) has sued Steven Udvar-Hazy, the co-founder and former chief executive of International Lease Finance Corp (ILFC), its aircraft-leasing unit, accusing him and other former employees of stealing...
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April 25, 2012, 07:30 AM
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Textron Inc. reported first quarter 2012 income from continuing operations of $0.41 per share, compared to income of $0.10 per share in the first quarter of 2011. Total revenues in the quarter were $2.9 billion, up 15.2% from the first quarter of...
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April 18, 2012, 07:15 AM
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AIN Online reported that pre-owned business jet and turboprop inventories continued to subside in February, according to data released today by market information firm JetNet. According to the report, inventory of used business jets fell to 13.9% in...
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April 10, 2012, 07:30 AM
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Reuters reported that according to a report issued by CNBC, AIG is considering launching the initial public offering of its airplane leasing business – International Lease Finance Corp. in the second quarter of 2012, citing people familiar with the...
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April 05, 2012, 07:30 AM
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NASDAQ reported that CIT Group bought a $200 million aircraft loan portfolio from an undisclosed European bank according to the company. The report indicates the portfolio consists of seven aviation lending facilities to several U.S. airlines and is...
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April 05, 2012, 06:30 AM
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Fitch Ratings notes that an uptick in unsecured bond issuance by aircraft lessors could signal that the capital markets are once again becoming a viable financing alternative for the sector. Aircraft leasing companies, including International Lease...
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March 29, 2012, 07:30 AM
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Bloomberg Businessweek reported that International Lease Finance Corp., the aircraft lessor owned by American International Group Inc., is seeking a four-year $550 million senior secured term loan. According to the report, the proceeds from the debt...
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March 27, 2012, 07:15 AM
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Bloomberg reported that BCI Aircraft Leasing Inc. and its principal, Brian Hollnagel, were found guilty by a federal court jury of engaging in a fraudulent $50 million financing scheme, Chicago U.S. Attorney Patrick Fitzgerald said. He faces as long...
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March 15, 2012, 08:15 AM
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Willis Lease Finance Corporation, a leading lessor of commercial jet engines, reported 2011 net income grew 20% to $14.5 million and net income available to common shareholders increased 28% to $11.4 million, up from $8.9 million a year ago. Willis...
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March 14, 2012, 06:00 AM
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The emerging markets that offer the greatest growth potential for the commercial aviation industry include China, the Philippines, Malaysia, Indonesia, and Latin America, according to Jeff Knittel, President of Transportation Finance at CIT Group Inc...
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March 12, 2012, 08:00 AM
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MarketWatch reported that International Lease Finance Corp. said it could face additional writedowns on its aircraft fleet after revealing the results of stress tests on a portfolio that has already suffered more than $3 billion incharges over the...
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March 09, 2012, 07:30 AM
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CIT Group Inc. announced that it has purchased a $200 million aircraft loan portfolio consisting of seven aviation loan facilities to several U.S. airlines. The loans are secured by in-production Boeing and Airbus aircraft. The loan portfolio was...
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March 08, 2012, 06:30 AM
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