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Transport Finance
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Cover Story
The arrival of SMFL Aircraft Capital Corporation (SMAC) as the new owner of RBS Aviation Capital is a case of 'back to the future' as...
18-Jan-2012
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International Lease Finance Corporation names general counsel
US-based aircraft lessor International Lease Finance Corporation (ILFC) has named Hooman Yazhari as general counsel. Yazhari will head the company's global legal team, compliance ...
27-Jan-2012
Qatar Air quits Spanair talks
Qatar Airways has pulled out of talks to buy a stake in loss-making Spanish airline Spanair, according to the Catalan regional government. The government...
27-Jan-2012
AviancaTaca places Airbus order
AviancaTaca, which includes subsidiary AeroGal of Ecuador, announced on 26 January formalisation of an order for 33 A320neo and 18 A320-family aircraft. The firm...
27-Jan-2012
Saudia announces Boeing order
Saudi Arabian Airlines (Saudia) announced on 23 January an order for an additional eight B-777-300ER aircraft, valued at about USD2.4 billion at list price. ...
27-Jan-2012
Senior appointments at Frontier Airlines
Republic Airways, the holding company for US regional carriers Chautauqua Airlines, Frontier Airlines, Republic Airlines and Shuttle America, announced a number of top-level appointments ...
27-Jan-2012
AirBridge closes commercial deal
Russia-based AirBridge Cargo Airlines, part of the Volga-Dnepr Group, has closed the commercial financing of one B-747-8 freighter, the first of five B-747-8 freighters ...
27-Jan-2012
CA-CIB closes Air France Jolco
CA-CIB has closed a Jolco financing on a 2006-vintage A318 (MSN 2967) for Air France. CA-CIB was Jolco arranger and facility agent for the ...
27-Jan-2012
Tarom downsizes IPO ambitions
The Romanian government has downsized expectations for a planned initial public offering (IPO) of a 20 per cent stake in mostly state-owned airline Tarom. ...
27-Jan-2012
Etihad places freighter order
Abu Dhabi-based and state-owned Etihad Airways on 26 January announced an order for two A330-200 freighter aircraft. The order will increase the fleet of ...
27-Jan-2012
Maples adds aviation finance expert
Senior aviation finance specialist Laurence Hanley has joined the finance group of law firm Maples and Calder in Dublin. Hanley's experience includes advising lenders, ...
26-Jan-2012
NAS places record $11.4bn Boeing order
The largest Boeing order from a European airline has been placed by Oslo-based operator Norwegian Air Shuttle (NAS). NAS, Europe's third largest low-cost airline, ...
26-Jan-2012
Etihad to take Seychelles stake
Abu Dhabi-based Etihad Airways has signed a memorandum of understanding (MOU) with the Seychelles government to acquire a 40 per cent stake in Air ...
26-Jan-2012
Prosafe completes bond issue
Cyprus-based offshore specialist Prosafe has completed a substantially over subscribed NOK500 million (USD85.7 million) unsecured bond issue. The expected maturity date is 8 February ...
26-Jan-2012
Brennan resigns Heidmar post
Tim Brennan has resigned as president and chief executive officer (CEO) of US-based tanker operator Heidmar Marine. Brennan joined Heidmar in 1993 and held ...
26-Jan-2012
Gulf Air mulls restructuring
Gulf Air, the loss-making flag carrier of Bahrain, plans to restructure in the wake of falling passenger volume; competition from larger airlines such as ...
26-Jan-2012
Cargolux appoints new CFO
Luxembourg-based cargo carrier Cargolux has named Richard Forson as chief financial officer (CFO), effective on 1 February. He joins Cargolux from Wamar International, a ...
25-Jan-2012
ILFC to expand in Asia
US-based aircraft lessor International Lease Finance Corporation (ILFC) has announced plans to establish offices in Beijing and Singapore in 2012. In addition, the company...
24-Jan-2012
Air NZ closes Jolco finance
Flag carrier Air New Zealand (Air NZ) has closed the Jolco financing of a single B-777-300ER in a deal denominated in Japanese yen. BNP...
24-Jan-2012
CSX makes key appointments
Florida-based transport company CSX Corporation has appointed Oscar Munoz as executive vice-president and chief operating officer and Fredrik J Eliasson as executive vice-president and ...
24-Jan-2012
Cathay Pacific to order A350s
Cathay Pacific Airways has committed to buying six more A350-900 aircraft, adding to its 32 A350-900s that were ordered in September 2010 and March ...
23-Jan-2012
Air China closes another financing
Air China closed the financing of one A320-200 aircraft (MSN 4985) on 20 January. The financing combined a French structured lease and a commercial ...
23-Jan-2012
Guggenheim closes another deal
Guggenheim Aviation Partners closed the 12- year commercial financing of a new A330-300 aircraft (MSN 1278) leased to China Airlines on 19 January. The...
23-Jan-2012
Spirit to launch secondary offer
Florida-based low-cost carrier Spirit Airlines intends to conduct a secondary offering of 11 million common shares. The deal includes a 30-day greenshoe option for ...
20-Jan-2012
Asiana Airlines sells bonds
South Korean carrier Asiana Airlines has sold KRW120 billion (USD104.7 million) worth of three-year paper via lead managers KB Investment & Securities and Mirae ...
20-Jan-2012
PrivatAir places Bombardier order
Geneva-based PrivatAir placed an order on 19 January for five CS100 aircraft. The deal includes five options. Based on list price, the firm order ...
20-Jan-2012
NAT prices follow-on offer
New York Stock Exchange-traded Nordic American Tankers (NAT), an operator with high exposure to the spot market, announced on 18 January an underwritten public ...
20-Jan-2012
Air China closes finance
Air China closed the financing of one A330-200 aircraft (MSN 1282) on 17 January. The financing combined a French structured lease and commercial debt ...
19-Jan-2012
Teekay completes bond issue
Publicly traded master limited partnership Teekay Offshore Partners completed on 18 January a previously announced NOK600 million (USD101.1 million) senior unsecured bond issue on ...
19-Jan-2012
Chinatrust launches AerCap loan
A USD45 million, five-year term loan for Amsterdam-based aircraft lessor AerCap Holdings has been launched by Chinatrust Commercial Bank. The deal is AerCap's first...
18-Jan-2012
Trailer Bridge restructuring debt
US Jones Act carrier Trailer Bridge announced an agreement with its major noteholders and has submitted a plan to restructure its debt. The Florida-based...
18-Jan-2012
Hainan Air sells debentures
On 16 January, Hainan Airlines sold CNY500 million (USD79.2 million) worth of debentures through lead manager JP Morgan Securities. The paper carries a 5.25 ...
18-Jan-2012
Kingfisher Air meets creditors
State Bank of India (SBI) and other lenders to Kingfisher Airlines met in Mumbai on 17 January to discuss new loans for the cash-strapped ...
18-Jan-2012
Sumitomo Mitsui to acquire RBS Aviation
The arrival of SMFL Aircraft Capital Corporation (SMAC) as the new owner of RBS Aviation Capital is a case of 'back to the future' ...
18-Jan-2012
Goldman advises against IPO
Investment bank Goldman Sachs, adviser to Hong Kong Airlines on a planned initial public offering (IPO), has advised its client against listing in the ...
18-Jan-2012
Terms of PIL finance deal revealed
Further details have been revealed of the USD97.125 financing deal signed by Singapore-based Pacific International Lines (PIL) 29 December 2011. As previously reported ...
18-Jan-2012
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