Sophie Segal
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INTERVIEW: SMBC Aviation Capital chief executive Peter Barrett
Three decades ago, Peter Barrett would be sitting in a lonely office manning the phones of Guinness Peat Aviation’s (GPA) Dublin office. As an analyst he the unenviable job of staying late to finish his work and answer the phone if it rang. This was Barrett’s initiation.
NewsAvianca to cease flights to Cuba
Avianca will stop serving Havana as a result of US sanctions against Cuba.
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Avianca restructuring bears fruit as Q3 performance improves
Colombia-based Avianca recorded a stronger third quarter given regional macroeconomic challenges as it embarks on its plan to strengthen operational performance and restructure its balance sheet.
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Accipiter and MCAP merge to create AMCK Aviation
The merger between Japan’s MCAP and Ireland’s Accipiter has resulted in the launch of AMCK Aviation today.
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Regulators urged to distance themselves from airframers
Aviation regulators need to distance themselves from aircraft manufacturers in order to earn back the confidence of the industry and customers, argued Avolon’s former head of strategy Dick Forsberg as he delivered his keynote speech at an ISTAT event in Berlin today.
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Southwest expects lower costs in third quarter
Low-cost carrier Southwest Airlines expects its third-quarter financial and operational results to be within range of its previous guidance, with some metrics showing improvement.
- Analysis
US airline stocks rally after oil panic plunge
US airline stocks mostly recovered on 17 September after falling on news of attacks on two major oil facilities in Saudi Arabia, which is expected to disrupt oil supply.
Airline BusinessWhat keeps driving Bill Franke to invest in low-cost carriers
Every August, a group of geographically diverse airline managements gather in Montana for an annual review. They have a couple of things in common: they are all from low-cost carriers and each one has scored the support of Indigo Partners.
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UK regulator opens inquiry into DVB-MUFG merger
The UK’s Competition and Markets Authority (CMA) is considering a probe into whether the merger between MUFG and DVB Bank’s aviation arm could impact competition for aircraft finance.
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Onex seeking $2.4 billion to fund WestJet buyout
WestJet Airlines is seeking a $2.4 billion in debt to fund Onex’s leveraged buyout of the carrier after winning shareholder approval to go ahead with the transaction on 23 July.
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American funds spare engines with $650m EETC
American Airlines closed a $650 million secured engine financing via the private placement market in June.
NewsAmerican overcomes Q2 challenges with record revenue
American airlines reports a $1.1 billion profit for the second quarter, a period marketed by operational disruption, ongoing litigation with mechanics and a capacity shortfall caused by the 737 Max grounding.
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Air Baltic raises €200m unsecured bond to pay down debt
Latvian airline Air Baltic has raised a €200 million ($223 million) unsecured bond, raising its liquidity to refinance debt.
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SMBC looking to replicate new GAEL fund
SMBC Aviation Capital’s 18 July launch of a new closed-end fund that will acquire up to 10 aircraft from the lessor is the first of what it hopes will be several similar transactions going forward.
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United wants ‘clarity’ from Boeing on NMA
United Airlines says Boeing has a little more time to make a decision about its New Mid-market Airplane (NMA) programme, confirming that the US major is in talks with both large jet manufacturers.
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LATAM to buy back $300 million in bonds, reopens bond
LATAM Airlines Group is reopening its 2026 bond and seeking to buyback up to $300 million of its 2020 notes.
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Gol gets rating boost from Fitch
Gol has received a ratings upgrade from Fitch Ratings on better financial metrics and a strong position in the Brazilian aviation market.
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Residco to sell two 2009-vintage 737NGs
Chicago-based firm Residco is selling two Boeing 737-700s on lease to WestJet after owning the aircraft for a little over a year.
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IAG prices €1 billion bond
European airline group IAG has priced at €1 billion ($1.1 billion) two-tranche senior unsecured bonds that will partly repay debt.
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Allegiant scores $213 million secured by 23 aircraft
Allegiant has closed a $213 million secured loan, the proceeds of which will be used to repay debt and general corporate purposes.