 Milestone orders 16 helicopters from Eurocopter, and leases 5 helicopters to Bristow Group.
February 13th: Milestone Aviation Group has ordered 16 EC225 aircraft, the latest-generation member of Eurocopter's Super Puma/Cougar family, valued at $480 million. The lessor also announced it has agreed to lease five helicopters, two Eurocopter EC-225s and three Sikorsky S-92s, to Bristow Group, making it the lessor's largest agreement since its launch in August 2010.
FLY extends $600 million credit facility by six years through 2018
February 8th: FLY Leasing Limited announced this week that it has signed an extension of its credit facility with Norddeutsche Landesbank Gironzentrale. The facility was set to mature in November 2012 but has been extended until 2018.
ILFC seeks €900 m senior secured term loan
February 8th: ILFC intends to raise a new senior secured term loan of $900 million, which it plans to use to repay a portion of the company's outstanding debts and related interest expenses and for 'general corporate purposes.' The loan will be secured primarily by a first priority perfected lien on the equity of some of the company's subsidiaries that own a pool of aircraft and related releases.
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News Analysis
Latest issue published
February 2nd: The latest issue of Aviation Finance is published: innovations will mark the year ahead in aircraft financing - the latest issue looks at the likelihood of increased use of capital markets by lessors as lower yields make issuance more attractive, and evidence of equity interest is also examined.
GECAS delivers 3 new 737-800s to Royal Air Maroc
January 30th: GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced delivery of three new Boeing 737-800 aircraft leased to Royal Air Maroc. The Boeing 737-800 was named recently in a study by Avolon as having the best value retention of all aircraft in a sample of 22 1999-manufactured aircraft value retention (2011 appraised base value as percentage of 1999 base price).
Huge order by Norwegian Air Shuttle
January 26th: Budget carrier Norwegian Air Shuttle signed one of Europe's biggest ever aircraft contracts on Wednesday. The carrier has negotiated separate orders with Airbus and Boeing covering a total of 222 new airplanes, including 100 Boeing MAX 8s, 22 Boeing 737-800NGs and 100 Airbus A320neos.
Maples expands aviation finance practice in Dublin
January 25th: The Irish office of international law firm Maples and Calder announced that senior aviation finance specialist Laurence Hanley has joined its Finance Group. Hanley’s appointment 'is one of a number of recent strategic hires and adds further strength and depth to the firm’s innovative aviation practice', it said
ILFC opens offices in Beijing and Singapore
January 24th: International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc.said today that it will establish offices in Beijing and Singapore in 2012. Over a third of ILFC's annual lease revenue is generated in the Asia Pacific region, and this, the company said, would further strengthen ILFC's relationships with airline customers in the region.
Airbus raises 2012 list prices by 3.9 p.c., compared with 2011's increase of 4.4 p.c.
January 24th: Airbus raised its 2012 average list prices by 3.9%, except for the A320neo family’s +6.1%; this compares to 2011’s 4.4% average price increase. The calculation is made in the latest issue of Leibo's Leasing Letter, the newsletter for equity investors in the commercial aerospace / finance sector, published by Wells Fargo Securities.
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