AVOLON HOLDINGS LTD (AVOL)

Airbus, Boeing Win Follow-Up Deals with Leasing Firm Avolon

Airbus SE and Boeing Co. announced follow-up orders with aircraft leasing firm Avolon Holdings Ltd. for their bestselling single-aisle aircraft, pulling in another mega purchase in a year marked by outsize deals as airlines rush to get their hands on new jets.

Aircraft Mega Orders to Continue as Delivery Slots Remain Scarce

Large-scale aircraft orders are a trend that’s set to increase in the near future as supply chain-issues continue to snag the aviation industry and create a scarcity of available aircraft, according to Avolon Holdings Chief Executive Officer Andy Cronin.

Airbus Seen Expanding Narrowbody Lead Over Next Two Decades

Airbus SE will expand its lead in narrow-body jet manufacturing, the biggest segment of the commercial aircraft market, over the next two decades while US rival Boeing Co. maintains its dominance in widebody sales, according to a new forecast.

China New Year Travel to Drive Aviation Rebound, Jet Lessor Avolon Says

Aircraft lessor Avolon Holdings Ltd. said it expects a rapid rebound for China’s aviation industry after the country scrapped its strict Covid travel restrictions ahead of the usually busy Lunar New Year holiday.

Air Traffic Back to Normal by June on China Rebound, Lessor Says

China’s reopening to international travel could propel global air traffic to pre-pandemic levels as soon as June, one of the world’s leading aircraft-leading firms predicts.

Malaysia Airlines Orders 20 Airbus Jets Amid Travel Rebound

Malaysia Airlines said it will acquire 20 Airbus SE A330neo wide-body planes as it seeks more fuel-efficient jets amid a travel rebound.

UK Flying Taxi Maker Partners With Airport Owner in Brazil

UK electric flying taxi startup Vertical Aerospace Ltd. said it is partnering with Corporacion America Airports to explore and design so-called vertiports as well as other infrastructure in Brazil for the operation of its aircraft.

Lessor Avolon Writes Off $304 Million on Planes Tied to Russia

Avolon Holdings Ltd. has written down the full value of 10 planes stuck in Russia as aircraft lessors begin to tally losses following sanctions imposed after the invasion of Ukraine.

Flying Taxis Steal Limelight at Airshow as Clean Future Beckons

Electric flying taxis took center stage at the Singapore Airshow this week as pressure to cut emissions and rebound from the Covid-19 pandemic led airlines to invest in short, battery-powered hops to spur future growth.

AirAsia, Avolon Near Flying Taxi Deal: Singapore Airshow Update

Malaysia’s AirAsia is close to an an agreement for Vertical Aerospace Ltd. flying taxis, according to people familiar with the matter, adding to a raft of carriers moving into the potential market to offer short, battery-powered flights.

Leasing Firm Avolon in Deal to Convert Airbus A330s for Cargo

Jet-leasing firm Avolon Holdings Ltd. will work with Israel Aerospace Industries Ltd. to convert 30 Airbus SE wide-bodies for use as freighters, targeting an area in which demand has soared during the coronavirus pandemic.

Airlines Plan to Plow Billions Into Flying Taxis

Flying taxis moved a step closer to becoming a fixture buzzing across urban skyscapes, as a closely watched effort was unveiled in Los Angeles and startups in the U.K. and Brazil made commercial breakthroughs.

Vertical Wins American Airline, Avolon Orders As it Goes Public

Vertical Aerospace Group Ltd., the developer of electric vertical take-off and landing aircraft, won pre-order contracts of as much as $4 billion as it plans to go public through a merger with a blank-check company.

Vertical Wins American, Avolon Orders, Plans to Go Public

Vertical Aerospace Group Ltd., the developer of electric vertical takeoff and landing aircraft, won pre-order contracts of as much as $4 billion as it plans to go public through a merger with a blank-check company.

Boeing Max Gets Boost With Add-On Order From Lessor SMBC

Boeing Co. won a leasing-firm order for 14 of its 737 Max jets, in another sign that airlines are expanding fleets in anticipation of a recovery in global aviation led by short-haul leisure demand.

HNA Group Assets Attract Interest From Fosun, JD.com

Fosun Group and an arm of JD.com Inc. are among suitors considering investing in domestic operations of HNA Group Co. as the indebted Chinese conglomerate is reorganized after being placed under government control, people with knowledge of the matter said.

Jet-Leasing Mega-Deal Could Herald Consolidation Wave in Sector

Boeing’s Lost Max Orders Top 400 This Year, 787 Deliveries Drop

Boeing Co.’s lost orders for the grounded 737 Max surpassed 400 for the year last month and the coronavirus pandemic stymied shipments of the company’s 787 Dreamliner, a crucial source of cash.

Airbus Sales Drought Worsens With Third Month of Zero Jet Orders

Airbus SE failed to secure any aircraft orders for a third month this year, as the collapse in global air travel battered demand for new jetliners.

Airbus Drought Worsens With Third Month of Zero Jet Orders

Airbus SE failed to secure any aircraft orders for a third month this year, as the collapse in global air travel battered demand for new jetliners.

Fresh Blow for Boeing as China Leasing Firm Scraps Max Order

China Development Bank Financial Leasing Co. canceled an order for 29 Boeing Co. 737 Max planes, worth at least $2.9 billion based on list prices, joining a growing list of customers scaling back plans for buying the grounded jet.

Airbus Slashes Output by One-Third in Grim Sign of Virus’s Toll

Airbus SE slashed its aircraft production rates by roughly one-third, in a stark concession to the coronavirus pandemic that’s upended the aviation industry.

Airbus Struggles to Gauge How Much Scaling Back Is Too Much

The most dramatic contraction in civil aviation history poses a challenge for Airbus SE in how to balance its response.

Boeing Max Suffers Blow as Leasing Firm Scraps $8 Billion Order

Boeing Co.’s beleaguered 737 Max program suffered a further blow as plane-leasing firm Avolon Holdings Ltd. canceled a deal for 75 jets worth $8 billion at list prices as the Covid-19 pandemic hits travel demand.

The Coronavirus Is Ending a 16-Year Plane Boom for Boeing and Airbus

Boeing Co. and Airbus SE, which until recently couldn’t make planes fast enough to satisfy airlines, are suddenly contending with the opposite risk: churning out jets with no buyers.

China Takes Charge of HNA, Paving Way for Hastened Asset Sales

China began assuming control of debt-laden HNA Group Co., paving the way for a hastened selloff of the once-sprawling conglomerate’s remaining assets after it became one of the biggest corporate casualties of the coronavirus outbreak.

China to Manage HNA’s Debt as Virus Pushes Group Over the Edge

China took over management of debt-laden HNA Group Co.’s liquidity risks after the coronavirus outbreak scared off travelers and cut off the conglomerate’s main source of income, forcing the government to take extraordinary steps to contain the fallout from the epidemic.

China Is Struggling to Offload Foreign Acquisitions, From Yachts to Pizza

China Inc. is struggling to offload overseas businesses and the accompanying debt in an increasingly volatile market.

Orix to Buy Stake in HNA's Plane Lessor Avolon for $2.21 Billion

Orix Corp. has agreed to buy a stake in aircraft lessor Avolon Holdings Ltd. from China’s HNA Group Co. for $2.21 billion, one of the Japanese financial firm’s largest deals.

HNA Said in Talks to Sell Over $2 Billion Avolon Stake to Orix

HNA Group Co., the Chinese conglomerate unwinding a global acquisition spree, is in advanced talks to sell a minority stake in jet lessor Avolon Holdings Ltd. to Japan’s Orix Corp., people with knowledge of the matter said.

HNA's Great Unwinding Ramps Up as Buyers Circle Planes, Hotels

HNA Group Co., the Chinese conglomerate whose debt-fueled acquisition spree unraveled in spectacular fashion, is pushing ahead with unwinding the binge.

HNA Explores Options for Avolon Plane-Leasing Business

HNA Group Co., the Chinese conglomerate that’s reversing a global acquisition spree, is examining options for its Avolon Holdings Ltd. aircraft-leasing business, according to people with knowledge of the matter.

Cheng Family Says Purchase Price for Jet Assets Is $2.8 Billion

Hong Kong billionaire Henry Cheng’s jewelry-to-property business empire will acquire Dublin-based Sky Leasing for $2.8 billion, including debt, to bolster the group’s aviation business.