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Embraer delivers 15 executive jets in first quarter of 2017

Don't Jet Cards Cost More? Is It Better To Just Charter When I Need To Go?

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...

Amazon's CEO Will Sell $1 Billion in Stock Annually to Fund His Space Travel Company

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 hi...

Boeing Forms New Innovation Cell; Invests in Tech Companies Upskill, Zunum Aero

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's Executive Chairman Makes Statement Declining Compensation Increase for 2016

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...

airBaltic – Growth and Profit in 2016

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...

Investor To Join TP Aerospace

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 Issues EUR 200 Million Bond

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...

Leonardo: the BOD proposes the distribution of a € 14 cent. dividend after six years

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...

EU clears GE acquisition of Danish rotor blade maker LM Wind Power

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 approves profitability strategy including €1bn in cost cuts by 2019

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...

XTI Aircraft Company and Bye Aerospace form alliance on hybrid/electric vertical takeoff airplane

XTI Aircraft Company (XTI) and Bye Aerospace, Inc. (Bye) jointly announced today that the two companies have entered into an agreement to develop a hybrid/electric prototype of XTI's revolutionary TriFan vertical takeoff airplane. "We're continuing with our plan," said Robert J. LaBelle, XTI's Chief Executive Officer, "but we've made two important changes.&nb...

Boeing Expands Production with Investment in New UK Site and US Facility

Boeing announced that it plans to open a production facility in Sheffield, United Kingdom, to manufacture high-tech components for Boeing’s Next-Generation 737, 737 MAX and 777 aircraft. These actuation systems will be used on the trailing edge of wings of these models. The new facility, the result of a Boeing investment of more than £20 million, is part of a broader plan...

MTU Aero Engines AG posts new record revenues and earnings for 2016

• 2017: End of investment phase with further increase in revenues, earnings and free cash flow • Outlook for 2017: Revenues of approx. €5.1 to €5.2 billion, stable operating margin, net income rising at a higher rate than operating profit – Provisional figures, subject to approval by the Supervisory Board – MTU Aero Engines AG once again set new records...

Piper Aircraft announces 26% increase in billings for 2016

Piper Aircraft, Inc. announced following the release of the General Aviation Manufacturers Association (GAMA) Annual Industry Review a 26.7% increase in aircraft billings for 2016. The year-end aircraft shipments and billings numbers were presented by Piper Aircraft President and CEO, Simon Caldecott, the 2017 Chairman of GAMA. The substantial growth was driven by the certification and del...

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Essential news

AerCap orders 100 additional Airbus A320neo family aircraft

AerCap has signed a firm order with  Airbus for 23 A320neo and 77 A321neo aircraft. This transaction underscores AirCap’s strategy of investing in the world's most in-demand, fuel-effic...

iOS Apps development in Riga, Latvia

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MTU Maintenance Lease Services invests in TRecs to digitalise engine transition management

MTU Maintenance Lease Services, the engine leasing and asset management arm of MTU Maintenance, announced a strategic minority investment in TRecs . TRecs is a platform digitalising Open Ite...

WingsLeasing signs dry lease agreement with University of Nebraska-Kearney flight school

WingsLeasing announced the signing of a dry lease agreement of seven Tecnam P-MENTOR aircraft for the University of Nebraska-Kearney flight training program, marking a significant step forward in resh...

Emirates breaks ground on US$ 5.1 billion ultra-modern engineering facility at Dubai South

Emirates has broken ground on its new US$ 5.1 billion engineering complex at Dubai South slated to become the world’s most modern and advanced MRO facility, cementing Emirates' and Duba...

AURA AERO scales up: Series B completed, first firm orders, and two industrial sites to be built in France and the U.S.

AURA AERO is entering a new phase. Thanks to a new €50 million funding round, grants secured in France and Europe, and financial support from the State of Florida for its U.S. plant, AURA AERO ha...

AerCap orders 100 additional Airbus A320neo family aircraft

AerCap has signed a firm order with  Airbus for 23 A320neo and 77 A321neo aircraft. This transaction underscores AirCap’s strategy of investing in the world's most in-demand, fuel-effic...

Aviation Capital Group orders 50 Boeing 737 MAX aircraft

Boeing and Aviation Capital Group LLC announced the airplane lessor has placed a new order for 50 737 MAX jets, including 25 737-8 and 25 737-10 airplanes. The acquisition of 50 additional jets i...

Vertical Aerospace insiders increase their shareholding in EVTL by 50% in November

16 members of Vertical Aerospace Board of Directors and senior leadership team completed open-market purchases of the Company’s ordinary shares over a two-week open trading window period in Nove...