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.
Airlines
Surf Air Wipes Out as Stock Listing Tanks
Stock market cool to electric air mobility company's stock listing
Finance, Taxes, Insurance
Textron Aviation Posts Strong 2Q Despite Labor and Supply Constraints
“Unfavorable” labor conditions and supply-chain disruptions only dent Textron Aviation's second-quarter earnings performance.
Finance, Taxes, Insurance
AINsight: Liability Risk Management for Bizjet Owners
What does risk management mean in the concept of business aviation?
Charter & Fractional
Discounting, Debt, Deficits Plague Select Private Jet Programs
Analyst thinks post-Covid financial contagion will continue to affect private jet operators.
Aircraft
Airliner Backlogs Build Back Bigger at Paris 2023
Rising revenue flows could prompt a further wave of mergers and acquisitions activity despite supply chain strains and rising capital costs.
Aircraft
Piaggio Claims 18 Potential Buyers
Piaggio's extraordinary commissioners received 18 expressions of interest for the purchase of Piaggio Aerospace and hope to sell the company by year end.
Aircraft
Leasing Group Plans To Add Alice Electric Aircraft to Portfolio
Aeroleasing signed a letter of intent covering the planned purchase of up to 50 Eviation Alice electric aircraft.
Finance, Taxes, Insurance
UK Pavilion Features Strong Showing From Tech Start-ups
As it wrestles with a challenging economic environment, the UK's aerospace and defense companies have flocked to the 2023 Paris Air Show in large numbers.
Finance, Taxes, Insurance
GIFAS Picks Armée de l'Air et de l'Espace General As New Leader
Former fighter pilot Frédéric Parisot will become managing director of French aerospace and defense industry group on August 1.
Aircraft
Aerospace Accelerator Starburst Drives Next-gen Disruption
Starburst looks to cultivate new technologies in advanced air mobility and air traffic management among several other sectors.
Aircraft
Piaggio Receivership Commissioners Extend Sale Deadline
Prospective buyers for aircraft manufacturer Piaggio now have an extra week to submit expressions of interest, with the deadline extended to June 19.
Aircraft
Cirrus Aircraft Set To Go Public with Hong Kong Listing
The U.S.-based, China-owned general aviation manufacturer is looking to raise further capital for expansion plans through an initial public offering.
Finance, Taxes, Insurance
Surf Air Mobility To Go Public on NYSE
Flight booking platform Surf Air plans to list its stock in an initial public offering on the New York Stock Exchange.
Environment
Prepping for Business Aviation's New Normal: Protests
An EBACE panel discussion partly focused on the fall-out from Tuesday's protests against business aviation and France's new ban on domestic flights.
Charter & Fractional
Avinode Set to Simplify Online Charter Booking Process
Operators and brokers will be able to present clearer options for their clients and conduct all aspects of transactions in one place online, Avinode said.
Aircraft
New Charter Procurement Software Tool from MySky Bows
MySky debuts procurement tool for charter providers, the latest in its suite of spend and revenue management software solutions.
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.
