|EI-RJT RJ85 Cityjet|
FLY Leasing Limited announced that it extended the maturity date of its 2012 Term Loan from August 2019 to February 2022. The Term Loan had a balance of approximately $410 million as of September 30, 2016. In connection with the extension, FLY paid its lenders a one-time fee of 0.25% of the current outstanding principal amount. “FLY continues to manage its liability structure in an aggressive manner, taking every opportunity to extend its debt maturities, de-risk its financial position and secure attractive, long-term financing to fund growth,” said Colm Barrington, CEO of FLY.
GECAS and Atlantic AirVenture Aviation Centre Shannon have collaborated to develop a one week intensive program targeted at Transition Year (TY) students in local Shannon schools
GECAS and Atlantic AirVenture Aviation Centre Shannon have collaborated to develop a one week intensive program targeted at Transition Year (TY) students in the local schools. GECAS TY Aviation Academy is designed to attract teenagers who have a keen interest in an aviation career and gives them an opportunity to get a behind-the-scenes look at the industry. “GECAS is very serious about attracting the best and brightest in the aviation sector,” said Eleanor O’Connell, SVP Process Management & Controls GECAS. “We want to encourage millennials who are serious about a career in aviation to pursue their dreams.”
GE Capital Aviation Services Delivers First Airbus A320neo to Brazil’s Azul
GE Capital Aviation Services Limited (GECAS) announced delivery of a new, leased Airbus A320neo to Azul Linhas Aéreas Brasileiras S/A to expand and modernize the carrier’s fleet. The Airbus A320neo aircraft, powered by CFM International LEAP-1A engines, is the first of eight scheduled for delivery to Azul by the end of 2019. All eight are part of GECAS’ existing order book with Airbus. CFM International is a joint venture between GE and Safran Aircraft Engines.
Stobart Air takes tighter control of leasing businesses
Stobart Group PLC is taking tighter control of the its aircraft leasing businesses in a two-part deal with the City investor Invesco Asset Management. It has agreed to pay £12mln for 33.3% of Propius, the leasing operation, taking its holding to 66.6%. Based in the Cayman Islands, Propius was established in 2013 as a joint venture between Aer Lingus, Invesco and Stobart Air. Propius owns the Stobart Air ATR72-600 aircraft and leases them on a long term basis to the airline.
Irish Aviation Research Institute © 24 October 2016 All Rights Reserved.