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The Biden administration is making $482 million available to aviation industry manufacturers to help them avert job or pay cuts in the pandemic. The taxpayer-funded relief will cover up to half of ...
Labor negotiations between WestJet, Canada’s second-largest airline, and the Aircraft Mechanics Fraternal Association remain at a standstill after the union called a surprise strike last week ...
The company offered many aviation finance services, including aircraft leasing, aircraft lending, engine leasing, asset management, and aircraft consulting. In terms of aircraft leasing, GECAS purchased aircraft from manufacturers such as Airbus and Boeing , and then leased them to airlines, typically for about eight years, and usually on dry ...
Under American and British accounting rules, a finance lease is generally defined as one in which the lessor receives substantially all rights of ownership, or in which the present value of the minimum lease payments for the duration of the lease exceeds 90% of the fair market value of the aircraft. If a lease is defined as a finance lease, it ...
On November 11, 2019, Boeing stock rose 4.7% on positive 737 MAX news that it was hoping to resume deliveries of the 737 MAX aircraft to airlines in December 2019 and providing more detail on how the 737 MAX will return to service in January 2020. [81] [82]
Boeing Capital was incorporated in 1968 as McDonnell Douglas Finance, [citation needed] but this name was changed to Boeing Capital in 1997, when Boeing merged with the McDonnell Douglas Corporation. [4] [5] The subsidiary is known as a worldwide provider of financial services, but primarily supports its parent corporation. [6]
The Convention News Company was founded by aviation editor James Holahan and publisher Wilson S. Leach in 1972 and published its first issues at that year's NBAA convention. Now branded as AIN Media Group, it has branched into other aviation sectors and other products, and still publishes NBAA Convention News.
The trust then leases the aircraft to an airline, and the trustee routes payments through the trust to the investors. Upon maturity of the note, the airline receives title to the aircraft. [1] See Pass-through certificate. The lease is not a "true" lease because the airline receives title at the end.