Latest news with #aircraft
RNZ News
20 hours ago
- RNZ News
Fire and Emergency on standby for flight into Hawke's Bay Airport
Hawke's Bay Airport (File pic) Photo: Google Maps Fire and Emergency (FENZ) is on standby at Hawke's Bay Airport at the request of an inbound flight. Shift manager Chris Dalton said three crews were at the airport as a precaution after an aircraft indicated a possible "situation on board". He said larger airports had their own fire brigades, but in regional areas FENZ was called in to help. Dalton said there had been no suggestion of an emergency, and the plan was to attempt a landing before 8am. RNZ has contacted the airline. More to come. Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Globe and Mail
a day ago
- Business
- Globe and Mail
Bombardier Begins Landmark Deliveries of Three Challenger 3500 Aircraft to Aloula Aviation
Delivery marks the first Challenger 3500 aircraft registered in Saudi Arabia, highlighting the global success of this renowned aircraft The best-selling Challenger 3500 business jet is ideally suited for customers in Saudi Arabia with its remarkable performance capabilities, superior runway efficiency and reliability PARIS, June 19, 2025 (GLOBE NEWSWIRE) -- Bombardier is proud to announce the commencement of deliveries of three state-of-the-art Challenger 3500 aircraft to airline company Aloula Aviation based in Saudi Arabia. Aloula Aviation will be receiving the first Challenger 3500 aircraft to be registered in Saudi Arabia. The best-selling aircraft was chosen for its spacious cabin, outstanding range and renowned reliability, making it a judicious addition to Aloula Aviation's fleet. 'The business jet market in the Middle East is thriving, and we are witnessing a significant increase in demand for super midsize aircraft, particularly for travel within the region and to Europe. As the undisputed market leader in this segment, the Challenger 3500 is perfectly positioned to meet the needs of clients such as Aloula Aviation, as well as our growing client base in Saudi Arabia and the broader Middle East,' said Éric Martel, President and Chief Executive Officer, Bombardier. 'Bombardier and Aloula Aviation both share an unwavering commitment to excellence, and the Challenger 3500 will surpass their expectations on every front. As Saudi Arabia continues its bold path laid out in the Vision 2030 plan, we are proud to support Aloula Aviation with this significant addition to their fleet, and the region's growing aviation hub.' 'The Challenger 3500 aircraft represents the pinnacle of innovation, comfort and performance, perfectly aligning with our commitment to provide the best travel experience,' commented Khalid Hassan Alnatour, Chief Executive Officer, Aloula Aviation. 'As we begin the delivery of the three Challenger 3500 aircraft that will join our fleet, we look forward to the many opportunities these jets will bring to our operations.' The Bombardier Challenger 3500 aircraft is renowned for its ultimate combination of speed, range and comfort, offering the widest cabin in its class. With its impressive performance and Bombardier's signature smooth ride, the Challenger 3500 is ideally suited for the Middle East market. From Saudi Arabia, it can effortlessly complete non-stop flights to destinations such as Paris, Geneva and New Delhi, further showcasing its remarkable capabilities. The Challenger 3500 offers industry-leading reliability and the ability to operate in diverse and challenging environments, making it a perfect choice for the region. About Bombardier At Bombardier ( we design, build, modify and maintain the world's best-performing aircraft for the world's most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs. For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it. Bombardier customers operate a fleet of more than 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier's performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious 'Red Dot: Best of the Best' award for Brands and Communication Design. For Information For corporate news and information, including Bombardier's Sustainability report, as well as the company's initiative to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book-and-Claim system visit Learn more about Bombardier's industry-leading products and customer service network at Follow us on X @Bombardier. Bombardier, Challenger and Challenger 3500 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.
Travel Weekly
2 days ago
- Business
- Travel Weekly
SkyWest orders 60 Embraer E175 planes
Regional carrier SkyWest has ordered 60 Embraer E175 aircraft and has options on 50 more. The airline operates flights for Delta Connection, American Eagle, United Express and Alaska Airlines. Sixteen of the ordered planes will be operated under contract with Delta, with deliveries beginning in 2027. They will be used as replacements for older Bombardier CRJ 700 and 900 planes. The remaining 44 aircraft, slated for delivery between 2028 and 2032, will ready SkyWest for additional opportunities in contract flying. U.S. carriers, including Delta, typically configure E175s with 70 or 76 seats, split between first class and coach cabins. SkyWest is world's largest E175 operator with 263 aircraft. The list price for the 60-plane order is $3.6 billion, though airlines typically negotiate significantly discounted deals for bulk purchases.
Globe and Mail
2 days ago
- Business
- Globe and Mail
Willis Lease Finance Corporation Announces Closing of $596.0 Million in Fixed Rate Notes
COCONUT CREEK, Fla., June 18, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) ('WLFC' or the 'Company'), the leading lessor of commercial aircraft engines and global provider of aviation services, announced today that its wholly-owned subsidiary, Willis Engine Structured Trust VIII ('WEST'), has completed the previously announced offering of $524,000,000 in aggregate principal amount of Series A Fixed Rate Notes (the 'Series A Notes') and $72,000,000 in aggregate principal amount of Series B Fixed Rate Notes (the 'Series B Notes' and, together with the Series A Notes, the 'Notes'). The Notes are secured by, among other things, WEST's direct and indirect interests in a portfolio of 62 aircraft engines and two airframes, which WEST will acquire from WLFC or its other subsidiaries, pursuant to an asset purchase agreement. The final subscription was 3.60x (gross) and 5.10x (avail) on the Series A Notes and 7.15x (gross) and 13.00x (avail) on the Series B Notes. The Series A Notes and Series B Notes have a fixed coupon of 5.582% and 6.070%, respectively, an expected maturity of approximately six years, an expected weighted average life (based on certain modeling assumptions) of 5.1 years and a final maturity of 25 years. The Series A Notes and Series B Notes were issued at a price of 99.99721% and 99.99711% of par, respectively. The Notes offered by WEST have not been and will not be registered under the Securities Act of 1933, as amended (the 'Securities Act'), or any other securities laws of any jurisdiction, and may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from registration requirements. The Notes were offered only to persons reasonably believed to be 'qualified institutional buyers' as defined in, and in reliance on, Rule 144A under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the Securities Act or the securities laws of any such jurisdiction. Willis Lease Finance Corporation Willis Lease Finance Corporation ('WLFC') leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company's service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services. Willis Sustainable Fuels intends to develop, build and operate projects to help decarbonize aviation. Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company's Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company's cautionary statements under the Private Securities Litigation Reform Act of 1995.
The Independent
2 days ago
- Business
- The Independent
Ontic: the company keeping planes in the sky
Ontic is a Business Reporter client Air travel is a critical part of our global infrastructure – supporting everything from international business and leisure travel to national defence. While major airlines and aircraft manufacturers often take the spotlight, it's the lesser-known companies working behind the scenes that help keep aircraft flying safely and reliably. Ontic is one of these companies – a global aerospace parts manufacturer supporting both commercial and military aviation. It supplies many flight-critical components to both commercial and military industries, often supporting product lines and capabilities that others no longer service but which are essential to keep today's aircraft in the air. What sets Ontic apart is its distinctive business model. Rather than designing new products, Ontic acquires the intellectual property and manufacturing rights for existing product lines that other companies have chosen to retire. This allows original manufacturers to redirect their resources towards innovation, while Ontic ensures a continued and dependable supply of parts and repair services to keep aircraft flying safely for longer. While other companies usually have competencies an inch wide and a mile deep, Ontic is the reverse. Its high-mix, low-volume product range means it has a variety of experience across a broad range of capabilities. This is not to say that Ontic's expertise is shallow; it's the opposite – along with technical drawings, test equipment and a deep interrogation of the engineering process for each of part it acquires, Ontic often brings the experts who've been working on those product lines along too, where they help train new team members to ensure the intimate knowledge of manufacturing those parts is preserved. Ontic has seen significant growth over the past decade, and it isn't slowing down anytime soon, with two new facilities recently announced. So, the next time you board a flight – whether for a business meeting or a well-earned holiday – remember that, while you may not see them or even know they're there, Ontic parts are likely playing a vital role in getting you safely to your destination.
