Aigle Azur files for bankruptcy after failed leadership coup
French airline Aigle Azur filed for bankruptcy on 2nd September and entered judicial receivership following months of difficulties.
Castlelake to fund lessors and airlines as banks ‘step back’ from the sector
Aviation asset manager and investment firm Castlelake, L.P has launched a new aviation private placement lending programme this month, hiring Armin Rothauser, previously at Starwood Capital and Deutsche Bank, to lead the new programme. more
Public lessors Q3: Airline rent deferral demands dip but could return as winter approaches
Three publicly traded lessors, Air Lease Corporation (ALC), AerCap and Fly Leasing (Fly) granted $45 million in rent deferrals in total to their lessees in Q3, just 10% of the amount booked in Q1 2020, as the pace of airline rental forbearance requests slowed down since the start of the year. more
Fly posts $8.3m loss with rent collections at just 53%
Fly Leasing (Fly) slid into the red this quarter, booking a net loss of $8.1 million as aircraft sales stalled and carriers struggled to meet their lease payments. more