Unprofitable Oman Air faces uphill task to break-even by 2017
Oman Air made pre-tax losses of $209.18 million in 2015, adding to total accumulated losses of $1.7 billion, and although the airline has had some success in limiting its losses last year, its financial performance remains unsustainable. The strategy is to break even by YE2017 and prepare the ground for a possible privatisation, but on current trends the Ishka view is that more needs to be done to make this happen.
Azul boss wants “fast” Avianca Brazil deal as lessors seek to reclaim aircraft
Azul’s acquisition of Avianca Brazil’s aircraft leases and airport slots needs to be closed “fast” in the next 60 days if the struggling Avianca spin-off wants “business". more
ISTAT: CDB Aviation chief argues this is the “beginning of the downturn”
A panel of leasing CEOs from GECAS, SMBC Aviation Capital, CDB Aviation and Air Lease Corporation debate whether the aviation finance industry is entering a downturn. more