Young operator analysis: Canadian Jetlines’ leasing plans
Canadian ultra-low cost carrier start-up Jetlines carrier needs to raise CAD50 million to launch its business. The carrier has attracted willing European equity but needs a government exemption on the current foreign ownership limits of 25% to 49%.The Ishka View is that there is a strong chance that the firm will receive the necessary exemption but there is a risk that further delays could spook the appetite of its foreign investors.
Fund watch: Sirius delays IPO; Ostrum seeks investors
Sirius Aviation Capital Holdings Limited, the Guernsey-based lessor launched by Ryanair’s ex-deputy CEO, Howard Millar, has delayed its IPO for the second time this month, while Ostrum Asset management launches a new aviation debt fund. more
Emirates Cargo wins $8.9m for failed B737 freighter delivery
Aero Acquisitions never completed the freighter conversion or delivered the aircraft. more