Finance

Warrant Issued for Kingfisher Owner

Sunday, October 14, 2012
By George Hatcher
Warrant Issued for Kingfisher Owner

Kingfisher bounced checks of 105 million rupees (£1.25m) to settle user fees at Hyderabad International Airport. Then the airline failed to appear in court, leading the local sessions court to issue an arrest warrant for Vijay Mallya, owner of Kingfisher Airline. Staff of Kingfisher Airline has not been paid for months. Debts are said... »

PR: $1.3 Million in Grants for Airport Vehicle Surveillance

Saturday, October 6, 2012
By George Hatcher
PR:  $1.3 Million in Grants for Airport Vehicle Surveillance

WASHNIGTON–U.S. Transportation Secretary Ray LaHood today announced $1.3 million in grants for Chicago O’Hare, Denver and San Francisco International Airports to buy vehicle surveillance equipment that will increase safety by helping to reduce the risk of conflicts between airport vehicles and aircraft. “This equipment will help ensure the safety of aircraft passengers and crew,... »

Another New Air India Plan

Tuesday, April 17, 2012
By George Hatcher

Air India owes around Rs.2,000 crore to oil retailers, and faces accumulated losses worth Rs.22,000 crore but is looking at a financial overhaul. Lenders including State Bank of India and 18 other banks will be repaid Rs.10,500 crore in 10-15 years, or through government-guaranteed bonds. The restructured debt is only one part of the... »

Hawker Beechcraft Headed for Bankruptcy

Wednesday, March 28, 2012
By George Hatcher

Centerbridge Partners, Angelo Gordon and Capital Research & Management are negotiating bankruptcy with Hawker Beechcraft. A forbearance agreement expiring in June will probably lead to a chapter 11 which will keep firm in operation. Centerbridge is the biggest lender. The private equity investment firm manages a $3 billion fund focused on distressed-for-control and buyout... »

Kansas Learjet Plant Gets Cash Infusion

Friday, December 16, 2011
By George Hatcher
Kansas Learjet Plant Gets Cash Infusion

Bombardier’s Learjet 85 business jet program is getting an infusion of $6 million in Wichita now that the Kansas Department of Commerce has permitted the use of a 1994 bond money incentive. The exact figure ($52.7 million) is expected to translate into 450 jobs. This is in addition to $2 million in bonds to... »

Fred Flintstone Airlines? No, it’s Air Zimbabwe

Tuesday, May 3, 2011
By George Hatcher
Fred Flintstone Airlines? No, it’s Air Zimbabwe

Like the nineteen year old Yemenia Airlines* Airbus A310-324 that was written up as having passengers with standing room only, unattached seats and an assortment of safety problems that were so bad that the plane was disallowed from flying over European airspace, Air Zimbabwe’s fleet demonstrates how not to run an airline. There are... »

Safekeeping of Passengers Flies or Dies on Banks Due Diligence of Ethiopia Airlines

Wednesday, March 23, 2011
By George Hatcher
Safekeeping of Passengers Flies or Dies on Banks Due Diligence of Ethiopia Airlines

While one should congratulate Ethiopian Airlines for securing a $765 million package deal to finance five 777s, I hope the banks checked more than just their credit history and their relationship with the banks. In terms of technological adulthood, Africa is still in its infancy. The pressure put on even a fairly reputable airline... »

BioJet Receives $1.2 Billion Funding Facility

Tuesday, February 8, 2011
By George Hatcher

RIDGETOWN, Barbados, Feb. 7, 2011 — BioJet International Ltd. (www.biojetcorp.com) announced today that it has received a US $1.2 Billion funding facility from Cayman based Equity Partners Fund SPC. The funding structure is a 3 year facility; further terms of the funding were not disclosed. BioJet is a leading international supply chain integrator in... »

AeroTurbine Signs $425 Million Credit Facility

Tuesday, January 4, 2011
By George Hatcher
AeroTurbine Signs $425 Million Credit Facility

AMSTERDAM, Jan. 4, 2011 — AerCap Holdings N.V. announced today that its subsidiary AeroTurbine signed an amendment to its credit facility. The amendment increases the total commitments available under the credit facility from $328 million to $425 million and allows for additional newer generation aircraft and engine types as eligible collateral under the facility.... »

Bristow Group Inc. Announces $375 Million Credit Facility

Tuesday, November 30, 2010
By George Hatcher

BRS announced today that it has entered into a $375 million senior secured credit facility, replacing the Company’s existing bank credit facilities and providing funds to redeem a portion of Bristow’s senior notes.   The new credit facility includes a five-year, $175 million revolving credit facility and a five-year, $200 million term loan.  The... »

RSS Plane Crash News

  • 2 dead in western Wyoming plane crash
    KUTV in Salt Lake City, Utah, reports the plane crashed around 3 p.m. Sunday a mile north of Evanston. Federal Aviation Administration spokesman Ian Gregor says the single-engine plane was a Socata TBM-700. Unita County sheriff's officials said Monday the plane is registered to William and ...
  • Probable victims of plane crash near Utah border identified
    According to the Uintah County Sheriff's Office, in Wyoming, the plan is registered to William Patterson, with an Evanston, Wyoming address. The office said it is believed Michelle Patterson and William Patterson are the two people who were killed in the crash with no survivors. The county coroner, the ...
  • Iran Plane Crash
    The search for the Aseman Airlines plane that crashed in bad weather in Iran on Sunday continues, after earlier unconfirmed reports the aircraft had been fou...
  • Search for Iranian plane crash site halted
    Aseman Airlines flight EP3704 disappeared on Sunday morning in the Zagros mountains with 66 people on board. Updated Updated 1 hour ago. Iranian rescue teams were forced to suspend their hunt for a missing passenger plane for a second night on Monday as severe weather and hazardous ...
  • Cause of plane crash revealed
    National Transportation Safety Board investigators have made a preliminary report explaining what they believe caused a fatal plane crash near Oldenburg in December that killed pilot Dr. Louis Cantilena, 63, Potomac, Maryland; his daughter Dr. Amy Cantilena, 31, Potomac, Maryland; family friend Dr.
  • Iranian rescue teams search for plane wreckage
    Iranian search and rescue teams on Monday reached the site of a plane crash that authorities say killed all 65 people on board, Iran's Press TV has reported.
  • Commercial Plane Crashes in Southern Iran, Killing 66 People
    Meteorologist Orelon Sidney explains how bad weather could have been the cause for a deadly plane crash in Iran. At a Glance. An Iranian commercial plane crashed on Sunday in southern Iran. All 65 people on board were killed in the crash. Foggy conditions were blamed for the crash into Mount ...
  • Iran plane crash: Officials say plane crash has been found
    Iran plane crash: Officials say plane crash has been found.
  • Rescue Team Finds Wreckage From Iranian Plane Crash
    A rescue helicopter flies over the Dena mountains, Iran, searching for wreckage of a plane. February 19, 2018.Ali Khodaei/Tasnim News Agency via AP. Trump's catch-22 with Iran and the Palestinians could blow up at Israel · Putin's Syrian dilemma: Back Israel or Iran? Not just a gimmick: Netanyahu's ...
  • 66 feared dead as plane crashes in Iran mountains
    Aseman Airlines flight EP3704 left Tehran around 0800 (local time) for the city of Yasuj, some 500km to the south, the airlines public relations chief Mohammad Tabatabai told state broadcaster IRIB.

Blogroll

  • Air Consumer.gov
  • AirCrashConsultants
  • Airfleets
  • Airliners.net
  • AOPA
  • Bird Strike Database
  • Bird Strike Database Query
  • EASA
  • FAA
  • Find A Pilot
  • Frixo
  • IATA
  • International Civil Aviation Organization
  • Montreal Convention MC99 English
  • Nasa
  • NOAA
  • NTSB
  • RITA
  • U.S. Office of Special Counsel
February 2018
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  • Iran says fog caused a plane crash that may have killed 65 | https://t.co/QUBETc553T https://t.co/xZhgh8EQmk
    about 2 hours ago
  • Bihar: 7 Killed, 25 Injured After Bus Turns Turtle in Patna https://t.co/dtvbxDipT9 via @Latestlycom
    about 2 hours ago
  • Disaster at Sea news: Salvage Company Employees jailed for stealing Costa Concordia backpack https://t.co/Pz7fgk6rxy
    about 3 hours ago
  • NASA to Host National Space Council Meeting at Kennedy Space Center https://t.co/I7foVpNJug
    about 3 hours ago
  • Iran Aseman Airlines Plane Crashes in Iran; 66 Killed https://t.co/tRm5hmhBWf
    about 5 hours ago