Finance, Taxes, Insurance
Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
Aircraft
MySky Debuts Charter Procurement Software
MySky is introducing a procurement tool for charter providers, the latest addition to its suite of revenue management software.
Finance, Taxes, Insurance
Global Jet Capital Predicts Bizjet Pullback before Climbout
The business jet market is taking a breather after a rapid buildup during the Covid pandemic, according to Global Jet Capital.
Finance, Taxes, Insurance
Capital Costs and Skills Shortage Challenge UK Aerospace
The country's ADS trade association says members are struggling to invest due to high interest rates and inflation, as Brexit headaches continue.
Finance, Taxes, Insurance
AINsight: Aircraft Finance Losing Altitude in Bank Crisis
Despite recent bank casualties and market volatility, most financiers can and will continue to finance private aircraft—but under stricter terms.
Charter & Fractional
Air Charter Assoc Expands Broker Qualification Training
The industry group held its first training session outside the UK, staging an event for 28 industry professionals from 10 different countries.
Charter & Fractional
Wheels Up Founder Kenny Dichter Steps Down as CEO
Dichter will retain a seat on the board, with CFO Todd Smith taking over as CEO and current board member Ravi Thakran appointed as executive chairman.
Aircraft
Receivership Commissioners Seek More Bids for Piaggio
Several attempts have been made to find a new owner for the maker of the Avanti Evo aircraft, since the company entered bankruptcy protection in 2019.
Cabin Interior and Electronics
Gogo Reducing Debt Load with $100M Loan Prepayment
By making a $100 million prepayment, Gogo is reducing its long-term debt to $612.3 million and saving about $8.5 million annually in interest charges.
Airlines
Worsening War Risks Could Push Insurance Premiums Higher
The conflict in Sudan is adding to the pressure and uncertainty for airlines and their insurers resulting from Russia's invasion of Ukraine.
Finance, Taxes, Insurance
MySky Relocating EMEA Headquarters to Dubai
Business aviation spend management platform MySky is relocating its EMEA headquarters from Geneva to Dubai.
Finance, Taxes, Insurance
Milestone Leases Five S-92s to North Sea Operator
Milestone is extending existing leases, placing more Sikorsky S-92s with Offshore Helicopter Services.
Finance, Taxes, Insurance
Used Business Aircraft Market Still Warm, but Cooling
Sandhills reports pre-owned aircraft inventories up and prices down, but still historically high.
Charter & Fractional
Volato Floats $25 Million Debt Offering
Fractional provider Volato is raising $25 million to finance more HondaJets.
Aircraft
Tight Helicopter Market In Hover
Pent-up demand erupts as supply chain problems continue in the helicopter market.
Finance, Taxes, Insurance
Sumitomo Takes Large Stake In Helicopter Lessor LCI
Sumitomo Mitsui Finance, which acquired a 35 percent stake in LCI, intends to grow that business by $1.5 billion.
Finance, Taxes, Insurance
Milestone Selling 12 Helicopters to Macquarie
A 12-helicopter sales deal between lessors Milestone Aviation and Macquarie Rotorcraft is a sign of "strong liquidity," the companies say.
Finance, Taxes, Insurance
AIAC Refutes Government Report on Canada’s Luxury Tax
The Aerospace Industries Association of Canada claims a government report underestimates the negative effects the new luxury tax will have on aviation.
Aircraft
Helicopter Business Leaders Open the Door to eVTOLs
Speakers at this week's Helicopter Investor conference mainly see advanced air mobility technology as part of their future, but with some caveats.
Finance, Taxes, Insurance
New Lease Fund Targets Single-engine Helicopters
The Nova Vapital Light Aviation Debt Fund will concentrate on the single-engine helicopter market.
Aircraft
Ducommun Set To Acquire BLR Aerospace
Electronic and structural systems producer Ducommun believes its acquisition of BLR Aerospace will further boost its surging revenues.
Finance, Taxes, Insurance
NBAA Reveals Annual Priorities for Owner Pilot Coalition
NBAA says addressing safety, costs, and supply chain are the key focuses of its owner pilot coalition for the year.
Finance, Taxes, Insurance
Aero Asset: Twin Helicopter Market Remains Tight
Transactions and supply are down for used twin-engine helicopters, according to consultancy Aero Asset.
Finance, Taxes, Insurance
HAI Program Simplifies Pilot Training and Check Tasks
Helicopter Institute will oversee all pilot training and evaluations, including scheduling, tracking, and verifying proficiency and competency.
Aircraft
Airo Group Commits to SPAC-backed Nasdaq Listing
The U.S. group includes eVTOL aircraft developer Jaunt, Aspen Avionics, and several drone operations and flight training subsidiaries.
Finance, Taxes, Insurance
Milestone in New Five-ship Lease Deal With Aramco
Milestone is leasing three new AW139s and two H145s to Aramco.
Finance, Taxes, Insurance
MD Helicopters Settles Copyright Case With Aerometals
The companies have agreed to work together to resume supplies of components and parts made by Aerometals for MD's rotorcraft.
Finance, Taxes, Insurance
Babcock Will Lease AW139s for Emergency Medical Flights
Leasing group LCI will deliver the twin-engined helicopters in early 2024 to Babcock's operation in Australia.
Finance, Taxes, Insurance
Brighter Market Outlook Prompts Airbus To Upgrade Helicopters
The next two decades will see rising rotorcraft demand across multiple sectors, according to the latest market forecast from Airbus Helicopters.
Airlines
Lufthansa Eyes TAP Acquisition As Talks Continue Over ITA Deal
The German group achieved a financial turnaround in 2022 recording a €1.5 billion operating profit, even though most of its airlines remained loss-making.
Aircraft
AerCap Sees Aircraft Delivery Delays Lasting ‘Several’ Years
The world’s largest commercial aircraft lessor says traffic growth and a curtailed supply environment will drive lease transactions and higher rates.
