Aviation Lease

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Air Lease Corporation Announces Second Quarter 2020 Results

Finger Lakes Times 06 Aug 2020

These statements are only predictions and involve estimates, known and unknown risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed in such statements, including as a result of the following factors, among others.the ......

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Kuwaiti aviation leasing firm ends $336m legal action against Boeing

Arabian Business 05 Aug 2020

Kuwait-based Alafco Aviation Lease and Finance Co has revealed it has ended a $336 million legal dispute with US aerospace giant Boeing over a cancelled order. The company, whose owners include Kuwait Finance House, Gulf Investment Corporation and state airline Kuwait Airways, made the announcement to the Kuwait Bourse in a written note ... It said ... ....

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UDG reinstates dividend, guidance despite ongoing Covid-19 uncertainty

The Irish Times 05 Aug 2020

That assumes there will be no significant tightening of Covid-19 restrictions ... He is currently a non-executive director of Nasdaq-listed Alkermes, and has also held roles as president of Alkermes, chief financial officer of Elan, head of Elan Drug Technologies, and chief executive of aviation leasing company Pembroke Capital ...   . . ....

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NICL to pay Rs10m to heir of each PIA crash victim

Dawn 05 Aug 2020

KARACHI/ISLAMABAD. The National Insurance Company Limited will pay Rs10 million each to the heir of 97 passengers killed in the May 22 plane crash near Karachi airport ... The aircraft was not owned by the PIA as it got it on lease. The Celestial Aviation Trading 34 Limited, Ireland was the owner of the aircraft and it would get the insurance amount ... ....

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Suspension of PIA operations by EU – a threat or an opportunity?

The News International 04 Aug 2020

Trust is a core value that enables the vast, complex, and highly regulated system of global civil aviation to function smoothly ... Trust facilitates the mutual validation of licenses and certifications which enables employment of foreign pilots and engineers, leasing and insurance of aircraft and numerous other vital aviation activities....

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CIAC defers rental collection at Clark airport

The Philadelphia Inquirer 30 Jul 2020

Airlines and other airport stakeholders got a reprieve from their rental obligations at the Clark Civil Aviation Complex in Pampanga province....

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IndiGo sets its sights on liquidity as it flies in unchartered territory

Live Mint 30 Jul 2020

It was common knowledge that InterGlobe Aviation Ltd would report massive ... In its June quarter earnings call, Aditya Pande, chief financial officer, InterGlobe Aviation, said it is also working on sale and lease back of its owned planes and obtaining moratorium on some loans....

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After a choked Q1, IndiGo flies in unchartered zones holding on to liquidity

Live Mint 30 Jul 2020

Everybody knew InterGlobe Aviation Ltd that runs IndiGo would report massive ... In its June quarter earnings call, Aditya Pande, chief financial officer, InterGlobe Aviation, said it is also working on sale and lease back of its owned planes and obtaining moratorium on some loans....

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CDB Aviation Leases Three A320neos to Frontier Airlines

Odessa American 29 Jul 2020

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced the company commenced this week the deliveries of three Airbus A320neos to new customer, Denver-based low fare carrier Frontier Airlines (“Frontier”) as part of a sale-and-leaseback transaction....

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CIAC heeds Duterte’s call, defers rentals of locators

Sun Star 29 Jul 2020

(CIAC), announced that it is deferring the collection of lease rentals of its locators in direct response to President Rodrigo Duterte’s appeal during his recent State of the Nation Address for government agencies to assist the business sector adversely affected by the Covid-19 pandemic....

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Ryanair expects to buy 737 MAX jets from Boeing

China Daily 29 Jul 2020

  ... We are renegotiating monthly aircraft lease rates to reflect the harsh environment.". Assuming the US Federal Aviation Administration recertifies the MAX for commercial service soon, Ryanair said it hopes to begin taking delivery of new planes late this year and receive 40 more by the summer of 2021 ... ....

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The state is leaving two historic buildings in downtown Hartford, opening up possible conversions in ...

Hartford Courant 28 Jul 2020

[Business] Downturn in aviation leads to a loss at Pratt & Whitney as Raytheon Technologies sees recovery stretching 3 years » ... Malloy, to place state workers in state-owned buildings and in fewer locations, cutting down on both the cost of operations and leases ... The moves announced Tuesday also include ending leases at 330 Main St....

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DGCA allows SpiceJet to lease Airbus 330 to operate long-haul flights

Live Mint 27 Jul 2020

Budget carrier SpiceJet Limited has got the required permission from the country's aviation regulator to lease a wide-body aircraft for its long-haul operations. Directorate General of Civil Aviation (DGCA) has approved SpiceJet's plan to wet-lease an Airbus 330-900neo aircraft ......