Aircraft lease

Chairman of the Board of Avia Solutions Group Gediminas Ziemelis: The reason your flight is delayed or canceled? A lack of aircraft engines

Retrieved on: 
Thursday, June 29, 2023
IATA, Mechanics, Travel, Boeing, Aircraft lease, Atmosphere, Avia Solutions Group, Aviation, Airbus A320neo family, Airbus A380, International Air Transport Association, CFM International LEAP, Qantas, KLM Cityhopper, KLM, Multimedia, COVID, E190, Indian MRO Industry, PW1000G, MAX, Wind, Embraer E-Jet E2 family, AirBaltic, E2, A220, CFM International, Airbus A220, Airbus, A380, Weather, ACMI, Avion Express, MRO, Embraer, Airline, Insurance, Overhaul, Aircraft, Maintenance

Here, the Chairman of Avia Solutions Group, Gediminas Ziemelis, explains how the lack of aircraft engines and long turnaround times at engine shops are forcing airlines to make changes to their flight schedules at short notice, threatening another chaotic summer season.

Key Points: 
  • Here, the Chairman of Avia Solutions Group, Gediminas Ziemelis, explains how the lack of aircraft engines and long turnaround times at engine shops are forcing airlines to make changes to their flight schedules at short notice, threatening another chaotic summer season.
  • The company said that the forced changes demonstrate the serious and far-reaching issues of engine shortages facing the industry.
  • KLM Cityhopper blamed difficulties with fully deploying the Embraer E195-E2 on changes to its flight schedules.
  • As an alternative, the airline will retain older Embraer E190 aircraft and sign wet lease agreements to mitigate the impact as much as possible.

Chairman of the Board of Avia Solutions Group Gediminas Ziemelis: The reason your flight is delayed or canceled? A lack of aircraft engines

Retrieved on: 
Thursday, June 29, 2023
IATA, Mechanics, Travel, Boeing, Aircraft lease, Atmosphere, Avia Solutions Group, Aviation, Airbus A320neo family, Airbus A380, International Air Transport Association, CFM International LEAP, Qantas, KLM Cityhopper, KLM, COVID, E190, Indian MRO Industry, PW1000G, MAX, Wind, Embraer E-Jet E2 family, AirBaltic, E2, A220, CFM International, Airbus A220, Airbus, A380, Weather, ACMI, Avion Express, MRO, Embraer, Airline, Insurance, Overhaul, Aircraft, Maintenance

Here, the Chairman of Avia Solutions Group, Gediminas Ziemelis, explains how the lack of aircraft engines and long turnaround times at engine shops are forcing airlines to make changes to their flight schedules at short notice, threatening another chaotic summer season.

Key Points: 
  • Here, the Chairman of Avia Solutions Group, Gediminas Ziemelis, explains how the lack of aircraft engines and long turnaround times at engine shops are forcing airlines to make changes to their flight schedules at short notice, threatening another chaotic summer season.
  • The company said that the forced changes demonstrate the serious and far-reaching issues of engine shortages facing the industry.
  • KLM Cityhopper blamed difficulties with fully deploying the Embraer E195-E2 on changes to its flight schedules.
  • As an alternative, the airline will retain older Embraer E190 aircraft and sign wet lease agreements to mitigate the impact as much as possible.

Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: Why the Aviation Industry needs an Upgrade for Every Passenger

Retrieved on: 
Wednesday, March 30, 2022
Aircraft, Risk, IATA, Compliance, Embraer, Airport, Airlines for Europe, Accident, AI, Atmosphere, Air travel, Industry, Travel, Safety, Machine learning, Flight information display system, FIDS, COVID-19, ANSP, Algorithm, Aviation, Bamboo Airways, ACMI, Efficiency, Aircraft lease, Strategic autonomy, Airline, Maintenance, Insurance, Boeing

LONDON, March 30, 2022 /PRNewswire/ -- As the aviation industry continues to experience fast-paced changes, so do the needs and expectations of passengers.

Key Points: 
  • LONDON, March 30, 2022 /PRNewswire/ -- As the aviation industry continues to experience fast-paced changes, so do the needs and expectations of passengers.
  • Airports and global airlines have done some impressive work on addressing pervasive issues experienced before and during the pandemic to enhance passenger experience with air travel.
  • The industry must make the necessary upgrades to increase its responsiveness to the changing needs and expectations among air travelers.
  • The surging demand for passenger air travel represents a new post-pandemic reality that the aviation industry must respond to or risk stalling.

Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: Why the Aviation Industry needs an Upgrade for Every Passenger

Retrieved on: 
Wednesday, March 30, 2022
Aircraft, Risk, IATA, Compliance, Embraer, Airport, Airlines for Europe, Accident, AI, Atmosphere, Air travel, Industry, Travel, Safety, Machine learning, Flight information display system, FIDS, COVID-19, ANSP, Algorithm, Aviation, Bamboo Airways, ACMI, Efficiency, Aircraft lease, Strategic autonomy, Airline, Maintenance, Insurance, Boeing

LONDON, March 30, 2022 /PRNewswire/ -- As the aviation industry continues to experience fast-paced changes, so do the needs and expectations of passengers.

Key Points: 
  • LONDON, March 30, 2022 /PRNewswire/ -- As the aviation industry continues to experience fast-paced changes, so do the needs and expectations of passengers.
  • Airports and global airlines have done some impressive work on addressing pervasive issues experienced before and during the pandemic to enhance passenger experience with air travel.
  • The industry must make the necessary upgrades to increase its responsiveness to the changing needs and expectations among air travelers.
  • The surging demand for passenger air travel represents a new post-pandemic reality that the aviation industry must respond to or risk stalling.

Fly Leasing Limited prices its $100 million tack-on senior notes offering

Retrieved on: 
Tuesday, August 3, 2021
Companies, Economy, Human activities, General Electric, RCA, Schenectady, New York, Thomas Edison, Aircraft lease, Jet Airways, Jet fuel

After giving effect to the issuance of the Additional Notes, the Company will have approximately $390 million aggregate principal amount of 7.000% Senior Notes due 2024 outstanding.

Key Points: 
  • After giving effect to the issuance of the Additional Notes, the Company will have approximately $390 million aggregate principal amount of 7.000% Senior Notes due 2024 outstanding.
  • The Company intends to use the net proceeds from the offering of the Additional Notes for general corporate purposes.
  • The offering is expected to close on August 6, 2021, subject to customary closing conditions.
  • FLY is a global aircraft leasing company with a fleet of modern and fuel-efficient commercial jet aircraft.

Fly Leasing Limited launches its $100 million tack-on senior notes offering

Retrieved on: 
Tuesday, August 3, 2021
Finance, Money, Economy, Aircraft finance, Aircraft lease, Economy of Ireland, Leasing, Airline

The Additional Notes will be fungible with the Companys existing approximately $290.4 million aggregate principal amount of 7.000% Senior Notes due 2024 (the Existing Notes) issued under the indenture, dated as of August 2, 2021, governing the Existing Notes, and will have the same terms as the Existing Notes (other than the initial offering price and the issue date).

Key Points: 
  • The Additional Notes will be fungible with the Companys existing approximately $290.4 million aggregate principal amount of 7.000% Senior Notes due 2024 (the Existing Notes) issued under the indenture, dated as of August 2, 2021, governing the Existing Notes, and will have the same terms as the Existing Notes (other than the initial offering price and the issue date).
  • The Company intends to use the net proceeds from the offering for general corporate purposes.
  • FLY is a global aircraft leasing company with a fleet of modern and fuel-efficient commercial jet aircraft.
  • FLY leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world.

Vmo Aircraft Leasing’s Capital Increases to $1.1 Billion with Fresh Funding from New Investors

Retrieved on: 
Tuesday, August 3, 2021
Professional services, Air, Transport, Transportation, Finance, Travel, Finance, Money, Economy, VMO, Ares Management, Aircraft lease, Lessor, Oaktree Capital Management, Private equity

Vmo Aircraft Leasing (Vmo), a San Francisco-based aircraft leasing company, announced today that the company increased its capital base from $500 million to $1.1 billion through its latest round of fundraising.

Key Points: 
  • Vmo Aircraft Leasing (Vmo), a San Francisco-based aircraft leasing company, announced today that the company increased its capital base from $500 million to $1.1 billion through its latest round of fundraising.
  • Robert Brown, Executive Chairman of Vmo Aircraft Leasings Board of Directors, commented that this capital increase allows us to accelerate our growth and selectively pursue opportunities to diversify our portfolio, while progressing a complementary debt financing program in the capital markets.
  • The fresh capital injection comes from the Ares Alternative Credit Group, funds managed by Oaktree Capital Management and Diameter Capital Partners, among other investors.
  • Vmo Aircraft Leasing (Vmo) is a U.S.-based commercial aircraft lessor launched in January 2021 by a team of aviation industry veterans and funds managed by Private Equity and Credit Groups of Ares Management Corporation.

Avolon Successfully Reduces Price of US$672 Million Term Loan B Facility

Retrieved on: 
Friday, July 30, 2021
Professional services, Air, Transport, Finance, Avolon, Finance, Money, Aircraft lease, Economy

Avolon Holdings Limited (Avolon), the international aircraft leasing company, announces the successful re-pricing of US$672 million of its senior secured Term Loan B-5 Facility (the Facility).

Key Points: 
  • Avolon Holdings Limited (Avolon), the international aircraft leasing company, announces the successful re-pricing of US$672 million of its senior secured Term Loan B-5 Facility (the Facility).
  • The Facility, which has a maturity date of December 2027, has been re-priced at LIBOR plus 2.25%, from LIBOR plus 2.50%, with a LIBOR floor of 0.50%, reduced from 0.75%.
  • Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services.
  • Avolon is the worlds third largest aircraft leasing business with an owned, managed and committed fleet, as of 30 June 2021 of 837 aircraft.

Aircraft Leasing Seminar Commercial, Legal and Technical Issues - Washington, D.C, United States - September 10, 2021 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, July 27, 2021
Transport, Air, Finance, Money, Renting, Leasing, Aircraft finance, Aircraft lease, Economy of Ireland, GE Capital Aviation Services

The "Aircraft Leasing: Commercial, Legal and Technical Issues" conference has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Aircraft Leasing: Commercial, Legal and Technical Issues" conference has been added to ResearchAndMarkets.com's offering.
  • Further to its previous success in Washington DC, Dubai, London and Dublin, the hosts are delighted to offer this high-level seminar for the 28th time.
  • The format is different, and in addition to the legal side of leases, they are including significantly more material on the technical side and including the commercial issues.
  • Aircraft operators and manufacturers, lawyers, consultants, bankers, leasing and financing companies, insurance companies and all aviation professionals with an interest in aircraft leasing.

Air Lease Corporation Announces Delivery of New Airbus A321neo Aircraft to SKY

Retrieved on: 
Monday, July 26, 2021
Professional services, Air, Aerospace, Transport, Manufacturing, Finance, Other Transport, Aviation, Transport, Finance, Air Lease Corporation, Air Lease, Aircraft lease, Low-cost carriers, Airbus A320neo family, Primera Air

Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321neo aircraft on long-term lease to SKY (Chile).

Key Points: 
  • Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321neo aircraft on long-term lease to SKY (Chile).
  • ALC is pleased to deliver this new Airbus A321neo aircraft to SKY and be the first to introduce the aircraft to the airline and country of Chile, said Matthew Stevens, Assistant Vice President of Marketing at Air Lease Corporation.
  • It is a privilege to work with SKY, and we believe this next generation aircraft will positively contribute to the airlines sustainability and fleet operations.
  • About Air Lease Corporation (NYSE: AL)
    ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world.