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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Aquila Air Capital, a leading engine lessor, announced an investment from funds managed by Wafra Inc., a New York-based, global alternative asset manager. Wafra has entered into definitive documentation to acquire the Aquila platform from Warburg...
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October 21, 2024, 06:45 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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Sterlington PLLC announced that Paul Jebely has joined the firm as Partner and Vice Chair, International. Widely regarded as the top private aviation attorney globally serving UHNWIs, Jebely has also advised on multibillion-dollar M&A, restructuring...
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September 24, 2024, 06:53 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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SSG Capital Advisors served as the investment banker to ICON Aircraft, Inc. in the sale of substantially all assets to an affiliate of Dürkopp Adler GmbH (“DA”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy...
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August 12, 2024, 07:10 AM
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PK AirFinance (PK), an aviation lending platform and affiliate of Apollo, has closed its inaugural aircraft loan asset-backed securitization: PK ALIFT LOAN FUNDING 3 Series 2024-1 (PKAIR 2024-1). PKAIR 2024-1 issued over $622 million of Notes that...
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July 12, 2024, 07:10 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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Seabury Capital Group's global aviation practice (“Seabury”) and Airline Strategy Group (“ASG”) announced a strategic partnership that will combine the two global aviation advisory firms’ industry-leading platforms to drive performance excellence for...
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October 10, 2023, 06:42 AM
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Air Transport Services Group announced that its Board of Directors has elected Mike Berger, currently Chief Strategy Officer, as President of ATSG, effective October 1, 2023.In his new role, Berger will continue to lead ATSG's transformational growth...
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October 03, 2023, 07:00 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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Clarus Capital announced it has completed a new $25 million loan facility for an established, family office backed private aviation platform. Clarus CEO Steve O’Leary said, “Clarus’ financing solution allows the client to expand its fleet in order to...
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April 18, 2023, 07:00 AM
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Financial industry veterans Lee Palm, Brian Shapiro and Phil Mulder have joined Northwest Bank to lead the bank's new Commercial Finance Group that will focus on business aviation, long-haul (OTR) trucking, inland/offshore marine financing and...
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February 10, 2023, 07:25 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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Aircastle Limited increased the size of its unsecured revolving credit facility with Mizuho Marubeni Leasing America Corporation to $200 million from $100 million and extended its maturity to January 2025. The facility will provide working capital...
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January 31, 2023, 07:10 AM
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Bristow Group Inc., based in Houston, TX, and its subsidiaries announced it has entered into two 13-year secured equipment financings for an aggregate amount up to $175.86 million with National Westminster Bank Plc (NatWest). The proceeds from the...
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January 13, 2023, 07:20 AM
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In a webinar on the helicopter market, IBA, an aviation market intelligence and consultancy company, highlighted the growth potential of the helicopter finance and leasing market.Looking at the helicopter market overall, IBA outlined how there are...
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December 13, 2022, 07:05 AM
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Jeff Dunn has joined Truist Equipment Finance as Director, Aviation Originations.Dunn has over 17 years of experience in various roles within the Aviation industry, most recently as Head of Aviation Asset Management with PNC. Prior to that, Dunn held...
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September 12, 2022, 07:18 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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Castlelake, L.P., a global alternative investment firm with 16 years of tenure investing in, financing and managing aviation assets, announced the appointment of Ronan Kelleher as Managing Director and Chief Financial Officer, Aviation. Based in the...
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May 13, 2022, 07:15 AM
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Greg Badger, Head of Truist Equipment Finance Corp., announced the company has hired Scott Lackovitch as Head of CCB Originations and promoted Craig Hannon to Head of Aviation Originations.Lackovitch will be returning to Truist as Head of CCB...
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April 26, 2022, 07:25 AM
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The latest Sandhills Global aviation industry market reports track the recent dramatic rise in the asking values for piston single and turboprop aircraft. Year-over-year trends for January illustrate these major gains. From January 2021 to January...
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February 10, 2022, 07:10 AM
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Sandhills Global announces a new market report identifying noteworthy supply and demand trends within the used piston single aircraft category in Sandhills marketplaces. This report is the first from Sandhills addressing the aviation industry. Other...
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December 14, 2021, 07:03 AM
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GA Telesis closed a new five-year, $225 million ABL credit facility led by HSBC Bank USA and Fifth Third Bank as Joint Lead Arrangers. The syndication was met with overwhelming interest and allowed the Company to improve terms while expanding its...
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November 16, 2021, 07:02 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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AerCap Holdings N.V. announced it has completed its acquisition of the GE Capital Aviation Services business (GECAS) from General Electric.The acquisition positions AerCap as the worldwide industry leader across all areas of aviation leasing:...
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November 01, 2021, 07:21 AM
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Phoenix American, a managing agent for asset-backed securitizations (ABS) in the commercial aviation leasing industry, has published a new white paper examining the history, evolution and prospects for aviation ABS in the wake of the COVID-19...
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September 14, 2021, 07:03 AM
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IBA, an aviation data and advisory consultancy, has highlighted the difference in the rate of recovery from the pandemic of turboprops and regional jets. In a recent Aircraft Values webinar, IBA illustrated the faster recovery in regional jet...
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September 01, 2021, 07:00 AM
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Air Lease Corporation announced long-term lease placements for 10 used Airbus A320-200 aircraft with Allegiant. The aircraft are scheduled to deliver to the airline beginning in fall 2021 through summer 2022. “We are pleased to announce this lease...
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July 30, 2021, 07:00 AM
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Apollo Global Management, Inc. announced that entities, clients and funds managed by its affiliates completed approximately $1 billion in aircraft-related origination volume during the second quarter, the most active quarter on record since Apollo...
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July 09, 2021, 07:18 AM
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Bombardier announced has received a firm order for 10 aircraft from an existing customer. For competitive reasons, the order mix will remain undisclosed at this time, the company said. This agreement represents a total value of $451.8 million...
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July 01, 2021, 07:00 AM
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Wintrust Commercial Finance, a division of Wintrust Asset Finance Inc., announced its new group supporting businesses in the aviation industry. Wintrust Commercial Finance Aviation Group will be led by new hire Michael Cole as Senior Vice President...
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June 15, 2021, 07:23 AM
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Hughes Hubbard & Reed LLP law firm announced Tom Healey has joined the firm as a partner in its Aviation Finance Group. Healey, a leader in aircraft finance, will be based in the firm’s Washington, D.C., office.Healey’s practice focuses on...
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June 15, 2021, 07:03 AM
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Macquarie Infrastructure Corporation and KKR announced the signing of a definitive agreement for MIC to sell its Atlantic Aviation business to KKR for $4.475 billion in cash and assumed debt and reorganization obligations. Atlantic Aviation operates...
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June 08, 2021, 07:16 AM
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Funds managed by Stonepeak Infrastructure Partners, a private equity firm specializing in infrastructure investing, have partnered with Bellinger Asset Management to complete the acquisition of a $1.1 billion performing aircraft loan portfolio from...
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May 25, 2021, 07:00 AM
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JetLoan Capital originated and closed an $11 million 2012 Global 5000 aircraft loan featuring a 90 percent LTV, 15-year amortization and a 3.65 percent interest rate fixed for five years. JetLoan Capital is an independent aircraft and marine loan...
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March 31, 2021, 07:05 AM
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Willis Lease Finance Corporation announced it has closed its first transaction utilizing its new revolving credit lease engine financing product (the RCL). Scandinavian Airlines System (SAS) selected the RCL to finance CFM LEAP and Trent XWB engines...
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March 23, 2021, 07:00 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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GE announced an agreement to combine its GE Capital Aviation Services business (GECAS) with AerCap Holdings N.V. in a deal worth more than $30 billion. The combined company will be one of aviation leasing’s leading franchises, bringing together...
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March 10, 2021, 07:24 AM
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LCI, a helicopter lessor and the aviation division of the Libra Group, announced the promotion of Jaspal Jandu to Chief Executive Officer. Former CEO Michael Platt becomes Vice Chairman, and Praveen Vetrivel is appointed Chief Financial...
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November 03, 2020, 07:12 AM
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FTI Consulting, Inc. announced continued investment in its Aviation offering with the launch of a dedicated global industry practice and the appointment of two Senior Managing Directors and four Managing Directors. This team will immediately enhance...
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August 10, 2020, 07:19 AM
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Vx Capital Partners announced the appointment of Rushi Shah as Associate. Rushi will be responsible for investment analysis and modeling, portfolio management and lead analytical support for origination, and finance and marketing transactions.Prior...
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May 27, 2020, 07:00 AM
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Phoenix American Financial Services Inc. announced it has hired Tony Olivo as Vice President of Sales. He will be responsible for implementing the company's sales strategy, developing and maintaining an expanded client base for the fund accounting...
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May 01, 2020, 07:00 AM
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Fitch Ratings has revised its sector Asset Performance and Ratings Outlooks for aircraft and engine asset-backed securities (ABS) to “Negative” from “Stable-to-Negative.” This change reflects material downside risks from the global spread of the...
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March 24, 2020, 07:04 AM
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The Wuhan coronavirus is expected to have a minimal impact on aircraft lessor and ABS ratings in the near term given the relative diversity of customer bases, solid cash flow generation derived from long-term leases and the fact that current ratings...
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January 30, 2020, 07:20 AM
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First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, announced record Q4 funding’s of $120 million and $258.5 million for fiscal year 2019. In addition, year-over-year performance in all key...
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January 22, 2020, 07:09 AM
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Boeing announced its Board of Directors has named current Chairman, David L. Calhoun, as Chief Executive Officer and President, effective Jan. 13, 2020. Calhoun will remain a member of the board. In addition, Board member Lawrence W. Kellner will...
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December 24, 2019, 07:20 AM
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CIT Group Inc. announced its Aviation Lending business, part of its Commercial Finance division, served as sole lender and facility agent on a $35 million secured financing for Icelandair Group, the national carrier of Iceland."We were pleased to...
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December 10, 2019, 07:20 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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Utica Equipment Finance, LLC announced the completion of two transactions during the Oct. 7-11.Utica Equipment Finance completed the funding of a $1,750,000 term loan (CAD $2,300,000) secured by machinery and equipment to a logging-based contractor...
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October 18, 2019, 07:05 AM
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Jet Support Services, Inc. (JSSI), an independent provider of maintenance support and financial services to the aviation industry, has appointed business aviation industry veteran Gary Strapp to the role of Senior Vice President, Global Program...
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September 03, 2019, 07:10 AM
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BBAM Limited Partnership (BBAM) announced, alongside its long-term partner Nomura Babcock & Brown Co., Ltd. (NBB), the closing of a Japanese operating lease with call option (JOLCO) transaction with British Airways for an A350-1000. This is the first...
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August 28, 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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DAES Distribution, an aerospace global provider, announced a new strategic partnership with First National Capital, a commercial equipment and aviation finance provider. The partnership leverages the lender advantages of First National Capital and...
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July 31, 2019, 07:20 AM
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Lease Corporation International (LCI), a helicopter lessor and the aviation division of the Libra Group, has successfully closed a new asset-backed helicopter facility in excess of $135 million with a syndicate of five banks led by CIT Group Inc. as...
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July 18, 2019, 07:19 AM
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Lease Corporation International (LCI), the leading helicopter lessor and aviation division of the Libra Group, has successfully closed a new asset-backed helicopter financing facility in excess of $75 million.The new facility, led by CaixaBank along...
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July 10, 2019, 07:10 AM
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Lease Corporation International, the helicopter lessor and aviation division of the Libra Group, is growing the breadth of industry talent and experience within its organization with the appointment of Mark Stevens and Alejandro Kerschen to its...
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July 02, 2019, 07:09 AM
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Marathon Asset Management, a global credit investment manager, announced the closure of its first fund solely dedicated to aviation leasing, the Marathon Aviation Fund. The new strategy, which was oversubscribed, will focus on leasing the most...
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June 03, 2019, 07:17 AM
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Wings Capital Partners, a full-service aircraft leasing platform, announced its current shareholders, Corrum Capital and Sightway Capital, have increased their equity commitments to Wings. The additional support from its shareholders positions the...
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May 31, 2019, 07:20 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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Sikorsky, a Lockheed Martin company, welcomed Everett Aviation as its newest S-92A helicopter customer at a ceremony at the 2019 Helicopter Association International Heli-Expo in Atlanta. Everett signed a contract with Lobo Leasing Limited for a...
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March 15, 2019, 07:10 AM
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Lease Corporation International (LCI), the aviation division of the Libra Group, has expanded its longstanding relationship with Weststar Aviation Services Sdn Bhd (Weststar) with the recent delivery of two additional helicopters on operating leases...
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March 11, 2019, 07:01 AM
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Aviation Capital Group LLC (ACG), an aircraft operating lessor, announced it has received an additional $200 million investment from its minority shareholder, Tokyo Century Corporation.Tokyo Century has held an investment in ACG since December 2017....
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March 05, 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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Sam Harris, President of JetLoan Capital based in Stuart, FL, announced a successful 2018. While continuing their funding of jet transactions, the new general aviation department thrived.JetLoan Capital experienced continued growth in 2018 with 70...
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February 11, 2019, 07:10 AM
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Alternative investment managers (Alt-IMs) have become increasingly active investors in the aircraft leasing industry as they seek to deploy capital into a growing sector that could provide attractive investment returns. However, Fitch Ratings notes...
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February 04, 2019, 07:15 AM
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Kroll Bond Rating Agency (KBRA) released a Year in Review and 2019 Outlook for aircraft lessors and secured aircraft transactions.The global aviation industry experienced another eventful year in 2018 amid continuing consolidation and scale building....
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January 21, 2019, 06:50 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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Apollo Global Management LLC is talking to bankers about lining up debt to buy all or part of General Electric Co.’s jet-leasing business, which could be worth as much as $40 billion, according to people familiar with the matter, Bloomberg...
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January 07, 2019, 07:28 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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Mammoth Energy Services, Inc. announced a series of transactions that provide for an expansion of its aviation services business. The deals include the formation of a joint venture between Mammoth and Wexford Capital which purchased Brim Equipment...
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January 02, 2019, 07:20 AM
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The American Society of Appraisers announced its Advanced Topics and Case Studies (Aviation Specific) course to be held on Thursday, Jan. 17 through Sunday, Jan. 20 2019 in Daytona Beach, FL.The Advanced Topics in Aircraft Appraisals course, ME203AS...
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December 11, 2018, 07:00 AM
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Lease Corporation International (LCI), the aviation division of the Libra Group, has further strengthened its operation with the appointments of John Gumulak as Technical Director and Eric Sherlock as Legal Counsel. These senior hires reinforce LCI’s...
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November 29, 2018, 07:15 AM
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Seabury Capital Group LLC announced its role as sole investment banking advisor on the successful acquisition of a leased portfolio of 21 aircraft by Zephyrus Aviation Capital.Zephyrus is a fleet management solutions provider to lessors and...
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October 22, 2018, 07:10 AM
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Stonebriar Commercial Finance announced the closing of a $30 million equipment lease facility with a private-equity-owned global market leader in the airport ground services and cargo handling industry. The leased assets consist of new loaders...
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October 15, 2018, 07:05 AM
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Encina Equipment Finance announced it has provided a $10 million equipment lease line to an aviation services company. The facility is being used to fund the purchase of new equipment.
Launched in June 2017, Encina Equipment Finance provides loans...
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October 11, 2018, 07:10 AM
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Virgo Investment Group announced it is expanding its aviation business via Zephyrus Aviation Capital. Several former CIT Aerospace executives have partnered with Virgo to transform Zephyrus into a full-service platform, and Zephyrus is completing a...
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September 24, 2018, 07:25 AM
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Natixis announced it has appointed Yevgeniya (Gene) Levitin as Managing Director, Aviation Industry Group. She will report to Gareth John, Global Head of Aviation, and will be based in New York.“We are very pleased to have Yevgeniya join our...
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September 24, 2018, 07:00 AM
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First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, has announced the opening of its newest office in San Diego, CA.The San Diego office is led by Brian Crogan, Vice President of Sales. Crogan...
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September 19, 2018, 07:10 AM
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Lease Corporation International (LCI), the aviation division of the Libra Group, announced it has entered into an agreement to place a Boeing 747-400F on a long-term lease with Atlas Air Inc., a wholly owned subsidiary of Atlas Air Worldwide Holdings...
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July 13, 2018, 07:15 AM
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Lease Corporation International (LCI), the aviation division of the Libra Group, has delivered a third new Leonardo AW169 helicopter to Elitaliana S.r.l. in Italy, fully equipped for Emergency Medical Services (EMS) operations.The helicopter enters...
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July 09, 2018, 07:05 AM
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Lease Corporation International, the aviation division of the Libra Group, announced the long-term extension of the lease of one of its Boeing 747-400 freighters to ACT Airlines. “We’re delighted to be extending our longstanding partnership with ACT...
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July 06, 2018, 07:20 AM
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Lease Corporation International (LCI), the aviation division of the Libra Group, announced its first helicopter lease in China with the placement of three new Leonardo AW139 aircraft with Shanghai Kingwing Aviation Co., each configured for Emergency...
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July 03, 2018, 07:15 AM
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Florida-based AerSale, a supplier of mid-life aircraft, engines, used serviceable material (USM) and maintenance repair and overhaul (MRO) services, announced the addition of Christophe Chicandard as Vice President of Leasing & Trading – Asia Pacific...
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June 29, 2018, 07:10 AM
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Stonebriar Commercial Finance announced the closing of a new $500 million revolving credit facility. The facility will provide Stonebriar with committed, multi-year funding for each of its four business platforms: General Equipment, Rail Leasing...
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June 26, 2018, 07:30 AM
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Stonebriar Commercial Finance announced the closing of SCFET 2018-1, a $578 million asset-backed securitization transaction. It marks the fourth equipment securitization transaction Stonebriar has closed in the last 24 months and its first to secure...
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June 01, 2018, 07:30 AM
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Sam Harris, President of JetLoan Capital, based in Stuart, Fla., announced the company completed five aircraft financing transactions in March 2018. The transactions are as follows:
Refinancing of a 2002 Citation X with an interest rate of 5.07...
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April 25, 2018, 07:10 AM
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EnTrustPermal, a global alternative asset manager, announced the expansion of its private debt opportunities investment platform with the addition of John Morabito, a veteran aviation investor from the CIT Group. EnTrustPermal's private debt...
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March 09, 2018, 07:25 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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GA Telesis, LLC (“GAT”) announced the launch of its Leveraged Finance Group (“LFG”) to provide secured aircraft financing for lessors, investors, and airlines. GAT has appointed David Lloyd and Nolan Heske as Managing Directors of LFG to pursue the...
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December 11, 2017, 07:20 AM
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Boeing anticipates diverse markets and participants will continue the upward trend in availability of efficient financing for record new aircraft deliveries in the next year.Now in its tenth year, the annual Boeing Current Aircraft Finance Market...
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December 08, 2017, 07:05 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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Airbus SE and Bombardier Inc. are to become partners on the C Series aircraft program. A corresponding agreement was signed on October 16, 2017. The agreement brings together Airbus’ global reach and scale with Bombardier’s newest, state-of-the-art...
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October 17, 2017, 07:04 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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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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Bombardier Commercial Aircraft released its 20-year Market Forecast for the 60- to 150-seat segment. According to this new 2017-2036 Market Forecast, the 60- to 150-seat seat segment will be a catalyst to further growth, market penetration and...
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September 14, 2017, 07:14 AM
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Natixis announced the hiring of Gareth John as Head of Aviation Finance Americas. He reports locally to Benjamin Sirgue, Head of Global Finance Americas and globally to Ramki Sundaram, Global Head of Aviation. Mr. John has 18 years of financial...
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August 08, 2017, 07:10 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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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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Acasta Enterprises announced that Stellwagen Group, Acasta’s leading commercial aviation finance advisory and asset management business, has closed its previously announced acquisition of ECN Capital’s Commercial Aviation advisory and asset...
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June 02, 2017, 07:10 AM
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Air Lease Corporation announced the long term lease placement of eight new Boeing 737 MAX 9 aircraft with Primera Air Nordic (Latvia). The aircraft are outfitted with CFM LEAP 1B engines and are scheduled to deliver from ALC’s order book with Boeing...
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May 12, 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 commercial aircraft leasing business to Avolon Holdings Limited (Avolon), the international aircraft leasing company and wholly-owned subsidiary of Bohai Capital Holding Co. Ltd., for a purchase...
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April 05, 2017, 07:02 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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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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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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Avolon, the international aircraft leasing company, announced the appointment of Denis Nayden to its Board as Vice Chairman and Chair of the Risk Committee. Nayden is a veteran of the aircraft leasing industry and previously served as Avolon’s...
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October 19, 2016, 07:03 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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CIT Group announced that CIT Aerospace, Defense & Government Finance provided a $35 million senior secured credit facility to Mesa Airlines, a provider of regional air service for American Airlines and United Airlines. Mesa Airlines is the...
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September 23, 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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Reuters reported that Avolon Holdings, part of China's acquisitive HNA Group is nearing a deal to buy the aircraft leasing assets of U.S. lender CIT Group for between $3 billion and $4 billion, people familiar with the matter told Reuters.According...
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September 06, 2016, 07:15 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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Lease Corporation International (LCI), the aviation division of the Libra Group, has appointed Christopher Grainger to the role of Vice President Marketing for the EMEA region. Mr Grainger joins LCI with 30 years’ experience in the civil helicopter...
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September 01, 2016, 06:59 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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Air Lease Corporation announced that its Board of Directors has appointed John L. Plueger as Chief Executive Officer and President effective July 1, 2016. Steven Udvar-Házy will assume the role of Executive Chairman of the Board on July 1, 2016, a...
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June 20, 2016, 07:10 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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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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Siena Lending Group LLC (“Siena”) announced the completion of a $15 million credit facility for Rotorcraft Leasing Company, LLC (“Rotorcraft”) to refinance their existing senior debt and to support their working capital needs. Rotorcraft is an...
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April 28, 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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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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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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Stonebriar Commercial Finance ("SCF") announced that Jeff Griffin has joined the company as Vice President and Director of Rail Leasing, initiating SCF's origination efforts in the rail sector. Griffin joins SCF after spending the last 8 years with...
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March 07, 2016, 07:11 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 $32.7 million, 10 month interest only loan financing for a new Bombardier Global 6000 business jet to accomplish time sensitive year-end client objective. The borrower is one of the world's leading...
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January 22, 2016, 07:10 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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Willis Lease Finance Corporation announced that Donald A. Nunemaker plans to retire as President, effective March 31, 2016 or shortly thereafter."Since joining Willis Lease in 1997, Don has made many significant contributions to the growth and...
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November 13, 2015, 07:17 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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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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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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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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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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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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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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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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The long-awaited recovery of business jet deliveries in North America, the largest market in the world, is underway. The engine for this growth is the United States, which historically has constituted more than half of yearly new deliveries. As the U...
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February 04, 2015, 07:08 AM
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Bombardier Commercial Aircraft announced that lessor GE Capital Aviation Services ("GECAS") has signed a firm purchase agreement for five Q400 NextGen aircraft and has also taken options on an additional 10 Q400 NextGen aircraft.Based on the list...
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January 05, 2015, 06:49 AM
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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 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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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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First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, has announced that the company posted a “best quarter ever” record $85.8 million in funded volume for the second quarter of 2014. Keith...
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July 15, 2014, 06:47 AM
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Willis Lease Finance Corporation ("Willis") 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...
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July 11, 2014, 06:00 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 (“Element” or the “Company”) announced the appointment of David D. McKerroll as President of Element Capital to oversee the further expansion and development of Element’s Railcar Finance and Aviation Finance business units.As a...
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May 28, 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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Prospect Capital Corporation announced today that Prospect has invested $92 million of debt and equity in Echelon Aviation LLC (“Echelon”). Prospect is the controlling shareholder of Echelon.Established in 2014, Echelon is an aircraft leasing company...
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April 08, 2014, 06:25 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 $1.5 billion. The loan will bear interest at LIBOR plus...
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March 07, 2014, 06:30 AM
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International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced that the company has secured more than 50 lease transactions for the new Boeing 787. ILFC owns the largest order...
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February 28, 2014, 06:25 AM
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Amur Finance Company, Inc. (AFC) announced the formation of a new subsidiary, Amur Helicopter Financial Services (Amur HFS). Amur HFS will address an unfilled need in the marketplace by offering a complete suite of integrated Fleet Management...
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February 25, 2014, 07:00 AM
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Bloomberg reports that GE's aircraft leasing division may add helicopters to its portfolio of rental assets amid rising competition in the market for financing commercial jetliners. The Bloomberg report quotes Norman Liu, the unit’s chief executive...
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February 11, 2014, 07:01 AM
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Lease Corporation International ("LCI"), a Libra Group company, and KKR Financial Holdings LLC ("KFN"), a specialty finance company managed by a subsidiary of KKR & Co. L.P., announced that they have entered into a definitive agreement under which...
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January 16, 2014, 06:39 AM
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Milestone Aviation Group, the global leader in helicopter leasing, announced today that it has closed on an unsecured US$ 200 million revolving credit line. The new facility increases Milestone’s unsecured borrowing capacity to US$ 450 million and...
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January 10, 2014, 06:10 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 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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Willis Lease Finance Corporation announced the launch of Willis Aeronautical Services, Inc. ("WASI"), a new wholly-owned subsidiary which will provide 'end-of-life' solutions for aviation materials and services related to aircraft engines. In...
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November 08, 2013, 06:50 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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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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Milestone Aviation Group, the global leader in helicopter leasing, announced that it has closed a new US$300 million credit facility. The company will use the proceeds to acquire and lease helicopters valued at US$400 million to affiliates of Bristow...
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July 29, 2013, 06:59 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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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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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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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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Bloomberg reported Boeing may win the first order by a lessor for its 737 MAX jet as Steven Udvar- Hazy’s Air Lease Corp. is studying a deal to buy 60 to 100 of the jets. According to the Bloomberg report, Air Lease signed a firm order this month for...
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June 13, 2012, 07:00 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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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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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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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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