Airfinance Journal - Financial intelligence for the commercial aviation market

Exclusive: Nomura to buy Babcock & Brown

30 June 2009

Japanese bank Nomura to buy Babcock & Brown Aircraft Management (BBAM) and its stake in Babcock & Brown Air (B&B AIR). A formal announcement expected soon. More »
Qantas cancels and defers 30 787 orders

26 June 2009

The Australian flag carrier cancels 15 787 orders and delays delivery of a further 15, days after Boeing said it was again postponing the aircraft’s first flight. More »
Exclusive from Beijing conference

25 June 2009

On the first morning of the China Airfinance conference, delegates were told that Chinese banks will increase their lending activity and look to finance aircraft internationally, as the aviation centre of gravity shifts from West to East. More »
Exclusive: ICBC Leasing deals

24 June 2009

The leasing subsidiary of ICBC has agreed an LOI with Sichuan Airlines– which took delivery of the first Chinese assembled A320 yesterday – for six sale/leaseback deals. It is also understood the leasing company closed its first transaction with a non-Chinese airline for a 747 freighter. More »
787 delayed again

23 June 2009

Boeing has postponed the first test flight of the 787 because it needs to reinforce a side-of-body section of the aircraft, with a new flight schedule not available for several weeks. More »
Barcap wins Air Asia X mandate

23 June 2009

Barclays Capital is mandated lead arranger of the ECA-financing of three A330-300s for Air Asia X. More »
Waha buys 50% stake in AerVenture

22 June 2009

Waha Capital has acquired a 50% stake in AerVenture for $135 million, becoming joint venture partner with Aercap. The equity investment comes after LoadAir ended its founding partnership in AerVenture earlier this month following a failure to make an equity payment. More »
Cumberlidge leaves Allco Aviation for KV

19 June 2009

Bill Cumberlidge, Allco’s former head of aviation asset management, has left Allco Aviation to launch a new aircraft leasing company with former colleagues. More »
DAE secures $450 million funding

17 June 2009

DAE Capital has secured a $450 million Ex-Im guaranteed loan from Citibank for the purchase of nine aircraft, with the Dubai-based company planning a capital market issuance to replace the borrowing facility. More »
Aviation Capital Group forms joint venture

16 June 2009

Aviation Capital Group expands its interests in the Middle East and North Africa with a new joint venture. More »
John Slattery launches GreenStone Aviation

16 June 2009

John Slattery, the former head of Americas at RBS Aviation Capital, has formed a new commercial aircraft leasing company with over $100 million in launch equity. More »
The saga of Allco Aviation (part 1)

12 June 2009

HNA Group and Bravia have formally won the auction for Allco Aviation. But as with anything else to do with Allco this is just the start of the next act. Alasdair Whyte writes the first part of the story. The non-recourse lenders will write the ending. More »
Boeing revises aircraft forecast down

11 June 2009

Boeing has revised down its 20-year market forecast because of the impact of the downturn. Whilst the expected market value over the next two decades remains unchanged from last year at $3.2 trillion, the number of new deliveries forecast has shrunk to 29,000. More »
Citi wins Emirates mandate

08 June 2009

Citi has been mandated as sole arranger for the Ex/Im guaranteed financing of two 777-300ERs for Emirates. More »

Latest News by Sector

Aircraft

flydubai signs sale/leaseback deal with Gecas
01 July 2009

Dubai’s first low cost carrier has agreed a sale/leaseback deal with Gecas for four 737-800s.

Airlines

Royal Jordanian’s Majali to lead Gulf Airlines
02 July 2009

Former Royal Jordanian CEO, Samer Majali, will take over as CEO of Gulf Airlines to rebuild the airline’s business

People

Gulf Air appoints new CEO
02 July 2009

The Middle Eastern carrier has appointed current Royal Jordanian chief Samer Majali as new CEO, replacing Bjorn Naf.

Capital

American Airlines will tap the capital markets
30 June 2009

Following Continental’s EETC and United’s secured bond, American Airlines will go to the capital markets to raise capital

Deals

AerCap closes PDP financing for 10 A330s
02 July 2009

HSH Nordbank is sole arranger and underwriter of the transaction which is valued at approximately $221 million.

Lessors

Exclusive: Nomura to buy Babcock & Brown
30 June 2009

Japanese bank Nomura to buy Babcock & Brown Aircraft Management (BBAM) and its stake in Babcock & Brown Air (B&B AIR). A formal announcement expected soon.

News Analysis & Opinion

Editorial: You couldn't make it up

While Pembroke and BOC Aviation get lucky in the downturn, the ILFC and Allco sales could open the flood gates for more lessor M&A [more]
Pilarski says: What can airlines do to prosper or at least survive in today’s environment?

Despite what some airlines might think, higher oil prices are better than recession for airlines writes, Adam Pilarski, senior vice-president, Avitas in his monthly column. [more]
The saga of Allco Aviation (part 1)

HNA Group and Bravia have formally won the auction for Allco Aviation. But as with anything else to do with Allco this is just the start of the next act. Alasdair Whyte writes the first part of the story. The non-recourse lenders will write the ending. [more]
Fewer Japanese tax leases as economy slows

Japanese tax leasing will undoubtedly come back but its recovery is dependent on the Japanese economy recovering, which could take some time. [more]

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Latest News by Sector

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