Textron reported first quarter 2017 income from continuing operations of $0.37 per share or $0.46 per share of adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, compared to $0.55 per s...
Honeywell International Inc said on Friday its commercial aviation after-sales business was benefiting from robust air travel, while its energy division was getting a lift from stable oil prices, sending shares to a record high. The diversified U.S. manufacturer's shares rose a...
Singapore Technologies Engineering Ltd (ST Engineering) announced that its aerospace arm, Singapore Technologies Aerospace Ltd (ST Aerospace), secured new contracts worth about S$1.11b in the first quarter (1Q) of 2017 for services ranging from line and heavy airframe maintenance to component repair and overhaul. The 1Q2017 contracts include performance-based logistics operation and support for...
During the first quarter of 2017 (1Q17), Embraer delivered 18 jets to the commercial aviation market across the U.S., Europe and China. In the business aviation market, 15 aircraft were delivered in the same period, being 11 light jets and 4 large jets. On March 31, Embraer's firm order backlog totaled USD 19.2 billion. See the details below: Deliveries by Segment...
Doug Gollan There are quite a few aspects of buying private jet travel that makes it a very personal decision, and really necessitates some time and effort. In terms of jet cards, there are variances in pricing, fees, daily minimums, the amount of insurance provided, policies on taking your pets or sending your kids unaccompanied. There are differences in what type of catering is provided witho...
A BILLION DOLLAR COMMITMENT On Wednesday, April 5, Jeff Bezos, founder and CEO of Amazon , revealed that he is financing Blue Origin, his space company, by selling approximately $1 billion in Amazon stock annually. He made the announcement as he stood before the full-scale mock capsule of his New Shepard rocket, emphasizing his vision for a future that includes millions of humans playing,...
Boeing HorizonX to uncover and accelerate emerging technologies, business models Effort will pursue venture capital investments, expansion into new business areas, disruptive market solutions The Boeing Company announced investments in two early-stage technology companies through the ventures arm of a new group called Boeing HorizonX, an innovation cell focused on accele...
Bombardier announced that Mr. Pierre Beaudoin, Bombardier’s Executive Chairman, has requested that the Bombardier Board of Directors reset his compensation for 2016 to bring it back to its 2015 level. “After listening to the recent public debate about the compensation of senior executives at Bombardier, I have asked the Board of Directors to reset my 2016 compensation, reducing it t...
The Latvian airline airBaltic has achieved its first year of growth after the successful turnaround period, and demonstrated positive results, both on EBIT and net income. “After an intensive period of turnaround airBaltic is back on a profitable growth path and able to offer lower prices and more destinations with our brand new aircraft”, says Martin Gauss, Chief Executive Officer...
We are happy to announce that 20 March 2017 we embarked on a new partnership with the Danish private equity fund CataCap who has acquired a majority stake in our company. The two founders and owners of TP Aerospace, Peter Lyager and Thomas Ibsø, will continue to form the executive management team and hold significant shares in TP Aerospace. Since 2010, we have experienc...
Finnair Plc issues a senior unsecured bond of EUR 200 million (the “Bond”). The Bond matures on 29 March 2022, it bears a fixed annual interest at the rate of 2.250 percent and has an issue price of 99.925 percent. The bond is callable before its final maturity. “Finnair’s prudent execution of its accelerated growth strategy and continued improvement in financi...
Outstanding commercial performance with New Orders for EUR 20 billion. Book-to-bill ratio above 1 in all Sectors EBIT, EBITA and EBITDA higher than 2015 by 11%, 4% and 2% respectively Double-digit profitability target exceeded. 2016 RoS at 10.4%, with all Sectors above 10% Net Result Before Extraordinary Transactions at EUR 545 million, more than double 2015 at EUR 253 million Return on...
The European Commission said on Monday it had cleared General Electric Co's (GE.N) $1.65 billion acquisition of Danish rotor blade maker LM Wind Power as the merged entity would continue to face effective competition in Europe. General Electric produces onshore and offshore wind turbines, but only has a relatively small market share, the Commission said in a statement. LM Wind...
Alitalia’s board has approved a turnaround plan that will include cost cuts of €1 billion (Dh3.94bn) and an increase in the number of transatlantic flights as the airline seeks to achieve profitability by the end of 2019. The 2017-21 business strategy also envisages a 30 per cent rise in revenue to €3.7bn from €2.9bn by 2019 led by the effects of about €200 million of...
Running now
Brazil, SANTANA
08/09/2026
United Kingdom, London
Air France-KLM today has submitted a binding offer to Parpública for the acquisition of a 44.9% to 49.9% stake in TAP Air Portugal, marking a decisive step in the airli...
