ABS Carlyle gives kick start to this year’s ABS market
Aircraft Leasing Lessors continue to support increased levels of activityThere is continued activity in the sale and leaseback marketplace, where Bain Capital-backed Griffin Global Asset Management has just closed a five aircraft deal with India’s Akasa Air, a seven aircraft deal with South American JetSMART and a second deal with SKY Express. Meanwhile AFIC has done its first deal with a China-based platform while Falko has taken on the servicing of a 35 aircraft portfolio on behalf of a syndicate of banks. Aviation Economics Drive for improved fuel efficiency gains momentum
Airline Business Airlines mull fleet options as new plane orders rise
Aviation Business LATAM and Garuda survive, Comair collapsesChilean airline LATAM and Garuda Indonesia have both come to the end of restructuring proposals which clear the way for their future. But South African British Airways franchisee, Comair, has been less fortunate, going out of business 79 years after it was formed. |
In this issue In this issueAs IATA DG Willie Walsh neatly puts it ‘There is no way to sugar coat the bitter economic and political realities we face.’ Still reeling from its biggest ever setback, commercial aviation faces huge headwinds on a number of fronts. But it also has an enthusiastic customer base and the airlines are working hard to tailor their fleets, route networks and cost bases to meet changing requirements. Paradoxically, the damage to their balance sheets creates ever more opportunities for the providers of aircraft finance. Aircraft Business Russia could keep lessors’ planes flying ‘for next five years’
Aviation Business IATA upbeat on recovery but warns ‘no way to sugar coat the bitter economic and political realities’In a comprehensive address to IATA’s AGM at Doha this week the organisation’s Director General, Willie Walsh, insisted that ‘aviation is resilient and we are rebounding’. IATA has cut its forecast industry losses for 2021 by close to $10 billion and anticipates industry-wide profits next year. But in almost the same breath he sounded a strong note of caution on the potential impact of far reaching economic and political headwinds on airlines. Airline Business JetBlue ups the stakes again in bid war for SpiritJetBlue has submitted what it claims to be ‘a decisively superior proposal’ to acquire Spirit Airlines. In a statement JetBlue said the improved proposal was submitted at the request of Spirit’s board following completion of JetBlue’s diligence review and discussions with Spirit’s management team. It’s latest cash offer of $33.50 per share, which is $2 more than its June 6 offer, values Spirit at $3.6 billion. Developments Denmark will back SAS; Air France-KLM raises $2.4bn
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