Welcome to our dedicated page for Orix news (Ticker: IX), a resource for investors and traders seeking the latest updates and insights on Orix stock.
ORIX Corporation (NYSE: IX) generates a steady flow of news through its global financing, investment, asset management and operating businesses. As a group that reports activities across financing and investment, life insurance, banking, asset management, real estate, concession, environment and energy, automobile-related services, industrial and ICT equipment, ships and aircraft, ORIX regularly issues updates that are material for investors tracking IX stock.
News about ORIX often includes corporate developments at ORIX Corporation USA, the U.S. investment and asset management arm established in 1981. ORIX USA focuses on private credit, real estate and private equity solutions for middle-market focused borrowers and investors, and its releases cover topics such as leadership appointments, the organization of private credit platforms, and transactions including debt financing facilities for companies like Piano Software. ORIX USA also announces strategic acquisitions, such as the completion of a majority stake acquisition in Hilco Global, which then operates as a subsidiary of ORIX USA.
At the group level, ORIX issues news on governance and structure, including changes in Representative Executive Officers and Chief Executive Officer, and the creation of business units such as Japan & APAC, Infrastructure and USA & Europe supported by global corporate functions. Other announcements highlight the submission of annual Form 20-F reports, share repurchase status, and strategic transactions such as the tender offer for I-NET Corp. in the IT and information services sector.
Investors and followers of IX news can expect coverage of segment performance highlights, capital management actions like share repurchases and dividends, organizational reforms, international investments, and developments in areas such as private credit, real estate finance and infrastructure. This mix of corporate, financial and transaction-related news helps provide context on how ORIX is executing its multi-segment, multi-region strategy over time.
ORIX Corporation (NYSE: IX) has submitted its annual Form 20-F for the fiscal year ending March 31, 2022, to the U.S. Securities and Exchange Commission on June 29, 2022. The report details financial performance and operational metrics. Shareholders can request free hard copies of the audited financial statements. Established in 1964, ORIX offers diverse financial services globally, operating in 28 countries. The company emphasizes innovation and aims to develop a unique business model to create value and contribute positively to society.
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Avolon, the leading aircraft leasing company, reported Q1 2022 financial results showing a lease revenue increase to
Avolon, an international aircraft leasing company, reported significant activity in Q1 2022. The company executed 54 lease transactions, sold 3 aircraft, and entered Letters of Intent for the sale of 35 aircraft. Avolon’s fleet comprised 592 aircraft at quarter-end, with commitments for 240 new technology aircraft. Notably, leasing to Russian clients was terminated due to EU sanctions, affecting less than 1% of Avolon’s portfolio value. The company also finalized its entire orderbook of 500 VX4 eVTOL aircraft, announcing partnerships with AirAsia, Gözen Holding, and Air Greenland.
Vertical Aerospace (NYSE: EVTL) has announced that Avolon has successfully pre-ordered 500 VX4 electric aircraft within nine months, demonstrating substantial market demand for its technology. The VX4 will serve globally with pre-orders extending to regions including Turkey, UK, Japan, Brazil, and Southeast Asia, totaling a significant $5.4 billion in value. Avolon's collaboration with major airlines reflects confidence in Vertical's aircraft, which is on track for a mid-decade launch. The VX4 is designed for zero-emission travel, promising to revolutionize short-haul air travel.
Avolon has partnered with Gözen Holding to commercialize zero-emissions eVTOL travel in Turkey. This agreement includes a commitment to purchase or lease up to 50 VX4 eVTOL aircraft, with an option for 50 more. Avolon has fully placed its order for 500 VX4s, oversubscribed by 50 options. The partnership aims to develop an urban air mobility platform leveraging both companies' expertise. CEO Dómhnal Slattery highlighted the potential of VX4 to reshape short-haul travel, while Gözen Holding's CEO Mekin Gözen emphasized the sustainability aspect in Istanbul's congested environment.
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Vertical Aerospace (NYSE: EVTL) has secured a partnership with AirAsia to lease a minimum of 100 VX4 electric aircraft through Avolon, extending its presence in Southeast Asia. This agreement follows significant pre-orders, totaling 1,350 aircraft worth $5.4 billion, from major airlines, including American Airlines and Virgin Atlantic. The VX4 promises zero operational emissions, speeds of up to 200 mph, and a range exceeding 100 miles, aiming to revolutionize urban air mobility. This marks AirAsia's first placement since Vertical's NYSE listing in December 2021.
Avolon, a leading aircraft leasing company, has signed a non-binding agreement with AirAsia Aviation Group to lease a minimum of 100 VX4 eVTOL aircraft. This deal reflects a strong demand for Avolon's VX4, with 90% of its order book now placed. The partnership aims to commercialize zero-emissions aircraft and develop an urban air mobility platform in Southeast Asia. The VX4, capable of speeds up to 200 mph and a range of over 100 miles, is set to transform air travel with its advanced capabilities.
Avolon, an international aircraft leasing company, reported its FY 2021 financial results, highlighting a net income of $47 million compared to a loss of $37 million in FY 2020. Lease revenue decreased by $135 million to $2.1 billion. The company raised $3.7 billion in new debt at a record low average cost of 2.5% and ended the year with $6.3 billion in liquidity. Notably, Avolon announced significant fleet growth, with 592 aircraft managed, and made a groundbreaking $2 billion order for eVTOL aircraft.
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