Aviation Lease

Latest News for: Aviation lease

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Avolon cancels some plane orders due to Covid-19

RTE 03 Apr 2020

Dublin-based aircraft leasing firm Avolon said it had received requests from over 80% of its customer base for relief from payment obligations under their leases as the outbreak of Covid-19 continues to hammer the aviation industry ... in the history of commercial aviation. ....

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Pilots admit to working illegally in Guam, sentenced to time served

Guam Pacific Daily News 02 Apr 2020

The three men charged about two weeks ago after federal agents found they were working illegally as pilots for Sky Guam Aviation were sentenced to time-served on Thursday and will soon be leaving the island ... The men lived in apartment units leased by the owner of Sky Guam Aviation and worked for Sky Guam Aviation....

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Dubai's aviation leasing firm mulls deferral requests amid Covid-19 pandemic

Arabian Business 01 Apr 2020

Dubai Aerospace Enterprise (DAE) has received over 50 rent deferral requests from airlines around the world amid the ongoing coronavirus pandemic, 11 of which have been granted, the leasing firm said in a business update ... DAE said it also extended leases on 8 aircraft over the course of the quarter....

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Orlando International Airport isn't responsible for how concession employees are treated. That's another company's job

Orlando Weekly 31 Mar 2020

... Airport, and its parent organization the Greater Orlando Aviation Authority, make their money via lease agreements and fees....

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Aircraft lessors cheered by US airline bailout

The Irish Times 30 Mar 2020

Air Lease and “to a lesser extent” AerCap maintain ... “Lease rates can fall significantly in an aviation downturn, and leases signed in a downturn will therefore depress revenues for years, even after the airline industry starts to recover,” Mr Baggaley and Ms Snyder wrote....

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Virus Outbreak: EasyJet grounds its fleet

Taipei Times 30 Mar 2020

Bloomberg ... The carrier has about ￡250 million to ￡300 million in lease payments due every year, S&P said. While the UK has ruled out a broad bailout for the aviation industry, it has created a ￡330 billion program for state-guaranteed loans, which is open to companies with investment-grade credit ratings ... ....

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Bain Capital Specialty Finance, Inc. Issues Letter to Shareholders

The Marshall News Messenger 30 Mar 2020

In fact, if we further dissect our aerospace & defense investments, 6% is invested in aviation suppliers where we typically favor companies whose revenues are primarily tied to recurring maintenance and repair work; 3% is invested in aviation leasing where our investment is ......

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VISTA GLOBAL TO EXPAND COMPLIMENTARY EMPTY LEG FLIGHTS TO EVEN MORE OF THOSE IN NEED ...

Dothan Eagle 27 Mar 2020

Through VistaJet and now XO, the global digital marketplace for private aviation, Vista Global will provide Governments and medical organizations access to over 115 aircraft during the COVID-19 pandemic ... guaranteed and On Demand global flight coverage; aircraft leasing and finance; and cutting-edge aviation technology....

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Coronavirus blow: SpiceJet returns wet-lease aircraft; cash reserves burn for airlines as demand slumps

Yahoo Daily News 26 Mar 2020

Budget carrier SpiceJet has returned five wet-leased Boeing 737 aircraft to Turkey's Corendon Airlines as the aviation sector continues to remain under the firing line of the coronavirus outbreak ... Aviation is one of the worst hit sectors due to coronavirus as governments across the globe have imposed travel restrictions in the wake of coronavirus....

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Apollo Investment Corporation Issues Letter to Stakeholders Providing Business Update

Tyler Morning Telegraph 26 Mar 2020

No single borrower accounted for more than 3% of the total investment portfolio at fair value, excluding our investment in Merx Aviation Finance, LLC (“Merx”) ... Given the direct impact of the COVID-19 pandemic on the aviation sector, we wanted to provide an update on our investment in Merx, our aircraft leasing portfolio company....

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Domestic aviation industry may incur losses of up to $3.6 billion in Q1: CAPA

Business Line 25 Mar 2020

According to the CAPA report on the financial impact of Covid 19 on Indian aviation, there is a strong likelihood of aircraft orders being deferred or even cancelled and of some of the leased equipment, particularly those of aircraft approaching the end of their lease terms, being returned early to lessors....

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DoTr orders ‘rental holiday’ to soften Covid hit

The Manila Times 25 Mar 2020

The Department of Transportation (DoTr) has ordered local aviation authorities to suspend imposing leasing fees at the Ninoy Aquino International Airport (NAIA) this month to cushion the impact of the coronavirus disease 2019 (Covid-19) pandemic on the country ... He expects the aviation sector’s recovery to be “gradual.”....

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Helena Regional Airport grappling with significant dip in passengers

Independent Record 25 Mar 2020

The Helena Regional Airport is unique in some respects, as 43% of its revenue comes from non-aviation sources such as land leases and aerospace manufacturing facilities ... it may not be as severe as other airports which solely rely 100% on aviation-based activity,” Wadekamper said....