Finance, Taxes, Insurance

Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.

Lufthansa Saved From Collapse By Disputed Government Aid

The German airline's leading private shareholder had opposed state aid, which was contingent on the government taking a 20 percent stake in the company.

IATA Demands More Concessions on ATM Fees and Slot Rules

IATA says Europe's airlines have yet to see the worst of the traffic downturn caused by the Covid-19 pandemic, with more jobs and heavier losses to come.

Finance, Taxes, Insurance

France Unveils €15 Billion Aid Package For Aviation Industry

Government funding includes existing support for Air France, plus a further €8 billion for various aspects of the aerospace sector.

Finance, Taxes, Insurance

MySky Spend Management Platform Expands to Americas Market

MySky's founders say that artificial intelligence can deliver financial transparency to private aviation, which is wasting 20 percent of its cost base.

Finance, Taxes, Insurance

New Venture Jettisons Parked Offshore Helos

A new venture has been formed to help lenders to the offshore rotorcraft industry dispose of under-utilized assets.

Finance, Taxes, Insurance

Civil Aviation Decline Forces Rolls-Royce To Cut 9,000 Jobs

The aircraft engine maker aims to achieve annual savings of around $1.6 billion, with most of the impact being on its UK-based civil aerospace business.

Finance, Taxes, Insurance

Insurance Hikes, Limited Covid Aid for Helo Operators

"Seismic changes” will continue for helicopter insurance.

Finance, Taxes, Insurance

IAG Cuts Deliveries As Full Recovery Not Anticipated Before 2023

IAG incurred a loss of around $577 million in the first quarter of 2020, and sees even tougher trading conditions in the second and third quarters.

Leonardo Sees 2020 Hit from Decline in Civil Aviation Markets

Italy's Leonardo saw first quarter earnings decline, mainly on the civil side of its business, including helicopters, ATR airliners, and aerostructures.

IADA: CARES Act Tax Measure Could Boost Aircraft Sales

The CARES Act renewed the NOL carryback through 2020, opening the possibility for aircraft buyers to receive tax benefits on aircraft purchases.

Finance, Taxes, Insurance

Airbus Sees More Pain in Commercial Market Through 3Q2020

Airliner deliveries could fall further during the second and third quarters of 2020, resulting in greater financial pressure on the aerospace supply chain.

eVTOL Aircraft Programs Could Face Investment Squeeze

AirFinance founder Kirsten Bartok Touw predicts rapid consolidation in the urban air mobility sector as only companies with cash in hand may now succeed.

Finance, Taxes, Insurance

U.S. General Aviation Groups Push for Tax Relief

Six organizations appealed to Senate leaders for relief from aviation fuel taxes, similar to relief already granted to the nation's airlines.

Finance, Taxes, Insurance

NBAA Webinar Explores Covid-19's Impact on FAA Registry

All documents that are mailed to the FAA Civil Aviation Registry are subject to a 72-hour quarantine, webinar panelists noted.

Finance, Taxes, Insurance

FAA Exemptions Can Cause Pilot Conundrums

FAA easing some requirements due to Covid-19, but pilots should check whether insurance is still valid under exemptions.

Finance, Taxes, Insurance

Leasing Group Avolon Cancels Big Boeing Max Order

A retrenchment at Dublin-based Avolon includes a reduction in aircraft commitments from 284 to 165 over the next three years.

EBAA and GAMA Issue Action Plan to Safeguard Business Aviation

EBAA, GAMA and national business aviation groups called on Europe's governments to allow financial relief and regulatory flexibility for business aviation.

Finance, Taxes, Insurance

Aircraft Insurance Pause Not Worth Risk, Says Broker

While aircraft insurance policies can be put on hold during extended periods of grounding, the cost savings don't outweigh the risks for most, broker says.

Finance, Taxes, Insurance

EC Decision on Embraer-Boeing Deal Extends to at Least June

Embraer's CEO insists that the deal with Boeing to buy 80 percent of the Brazilian company’s commercial business remains a top priority.

Singapore Airlines Arranges for Major Funding Injection

SIA Group expects to raise as much as S$15 billion in equity and debt funding.