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Boeing With $13.8 Billion Singapore Airlines Order

Boeing (NYSE:BA) in the lead to clinch an order of 35 wide-body aircraft from Singapore Airlines (OTCPK:SINGY), valued at $13.8B based on list prices, Bloomberg reports.Southeast Asia’s biggest long-distance carrier is considering buying 20 of Boeing’s long-range 777-9 jets, which are set to debut at decade’s end, after studying a rival bid for Airbus Group [...]

By |February 9th, 2017|Airlines|0 Comments

Sriwijaya Air Delays IPO To May

Indonesian airline operator Sriwijaya Air has decided to postpone its initial public offering to May, two months behind schedule, requiring more time to prepare.The low-cost carrier previously planned to sell 25 percent of its enlarged capital in the IPO to purchase more medium- and long-range jets to expand the company's overseas operations. CEO of Sriwijaya [...]

By |February 9th, 2017|Airlines|0 Comments

Milestone Aviation Group Provides $230 Million Secured Debt Facility

Milestone Aviation Group Limited (Milestone), a helicopter leasing company and subsidiary of GECAS, announced a commitment letter with Bristow Group Inc. (Bristow), a provider of global industrial aviation services. Under the agreement, Milestone is providing a $230 million secured term loan facility to a subsidiary of Bristow, secured by a pool of Bristow’s helicopter assets. [...]

By |February 7th, 2017|Aviation Technology|0 Comments

AG Group Pax Up

IAG Group, the parent company of British Airways, Iberia, Aer Lingus and Vueling, reported that the group traffic in January 2017 measured in Revenue Passenger Kilometers (RPKs) increased by 4.4% year over year. The group capacity measured in Available Seat Kilometers (ASKs) rose by 5.1% YoY.IAG - which owns British Airways, Spanish carriers Iberia and [...]

By |February 7th, 2017|Airlines|0 Comments
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