Fitch Ratings has assigned an expected rating of ‘A+(EXP)’ to CDB Leasing US$3 billion medium-term note (MTN) programme set up under CDBL Funding 1. Fitch has also assigned an expected rating of ‘A+(EXP)’ to the senior unsecured US dollar notes to be issued by CDBL Funding 1 under the programme in October 2017. The proposed…
Aircraft leasing specialist SMBC Aviation Capital may issue a further bond this year to follow 2016’s $500 million fund raising, according to chief executive, Peter Barrett. SMBC said on Monday that pre-tax profits grew 48 per cent to $346 million in the 12 months ended March 31st from $233 million during the same period in…
China Aircraft Leasing Group Holdings a full value-chain aircraft solutions provider for global airlines, is pleased to announce that it has completed the disposal of finance lease receivables (FLR) for two A320ceo series aircraft at a consideration of approximately HK$505 million, and the Group recorded a gain on disposal. CALC introduced the first batch of…
In response to rising demand, Malaysia Airlines has indicated that it is seeking up to 12 aircraft for lease until 2019 to serve nine key routes across Asia. Chief executive officer, Peter Bellew, told local media that passenger loads were rising and demand for the airline’s services, including business class, was growing. Passengers numbers for…
SMBC Aviation Capital’s credit ratings have been upgraded to ‘A-’ from ‘BBB+’ by Fitch Ratings (Fitch). The upgrade reflects Fitch’s recognition of SMBC Aviation Capital’s proven track record of profitability and integrated strategy with its majority shareholder Sumitomo Mitsui Financial Group (SMFG), in its five years of ownership, says the lessor in a press release.…
SHANGHAI, May 4, 2017 – Ping An International Financial Leasing Co., Ltd (“Ping An Leasing”) has delivered an Airbus A350-900XWB wide-body aircraft on sale and leaseback to Ethiopian Airlines on April 28, 2017 in Toulouse. Ping An Leasing delivers Airbus A350-900XWB wide-body aircraft on sale and leaseback to Ethiopian Airlines The transaction was completed by…
China Aircraft Leasing Group Holdings Ltd said it would buy two Airbus aircraft from Airbus for an aggregate list price of $216.8 million, to match customer demand under dynamic market conditions. The aircraft lessor’s unit CALC (BVI) had agreed to buy two Airbus A320-200 neo series aircraft, in a deal to be funded by commercial…
Dublin-based aircraft lessor Avolon Holdings has closed on its acquisition of the aircraft leasing business of CITGroup, the companies announced on Tuesday. The $10.38 billion deal, negotiations for which the sides first disclosed in December, effectively triples Avalon’s size, making it the third largest aircraft leasing company in the world with a combined fleet of…
New research suggests that many airlines would improve profitability by leasing more aircraft. Sylvain Bourjade and Catherine Muller-Vibes of Toulouse Business School analysed 16 years of data from different types of carrier, and found that “the optimal leasing level… is significantly higher than the proportion of leased aircraft in the worldwide global fleets”. One area…
The Hong Kong Government on March 10 published the Inland Revenue Amendment (No. 2) Bill 2017, which contains measures designed to boost the territory’s attractiveness as a location for aircraft leasing. Plans to give profits tax concessions to qualifying aircraft lessors and qualifying aircraft leasing managers were flagged up earlier in the year, and in…
