Airline chief Saleh Al Jasser says paperwork for a 30% listing of the cargo unit is being finalised. Saudi Arabian Airlines Corporation, the holding company of Saudi Arabian Airlines, is planning an initial public offering of the state-owned carrier, the airline’s director-general Saleh Al...
CHC Group, one of the world’s two largest helicopter operators, this week announced that it had decided not to make an interest payment on its bonds that mature in October 2020. It was due to pay $46 million on Monday. Although investors in the 9.25% senior secured notes are not happy, th...
After capturing the imagination of the public with its TriFan 600 vertical takeoff airplane, XTI Aircraft Company (XTI) is accelerating its development program and redoubling efforts to translate excitement about the aircraft into $3 million in actual investments. The $3 million milestone is essential to fund important next steps in an accelerated development program that in...
Shares of Turkey’s national airline sank the most in five months as Morgan Stanley recommended selling the stock and a U.S. carrier said it planned to suspend service to Istanbul. Turk Hava Yollari AO plunged 6.8 percent to 6.99 liras, with 145 million shares changing hands, the most since July 2009. Morgan Stanley downgraded the stock to underweight from overweight and cut the share...
Zurich Airport has inked an agreement to sell its 5 per cent minority shareholding in Bengaluru International Airport Ltd (BIAL) to the Prem Watsa-backed Fairfax Holdings for $48.9 million. Subject to customary regulatory approvals, the deal is expected to be completed within the third quarter of 2016. While there has been no word on the agreement from Fairfax, Zurich Airport has announced it o...
Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent global helicopter leasing company, today announced that it has closed on a $100 million term loan facility led by Lombard North Central Plc (“Lombard”). The facility has a maturity of approximately six years and provides for USD, EUR and GBP funding capacity on a delayed draw basis. The company will us...
Sabre has made its first acquisition of 2016 with the purchase of Airpas Aviation, a technology provider that helps airlines manage their route networks and costs. No terms regarding the acquisition were released in the announcement. Sabre will place the Germany-based company within its Airline Solutions portfolio of tools and services. Airpas has a number of tools and products that allow...
New Fiji Airways chief executive Andre Viljoen says 2016 will be a year of challenges and opportunities as the airline grows its international network and deals with the fallout from Tropical Cyclone Winston after handing down a record profit result. The airline group, which covers Fiji Airways, Fiji Link and other subsidiaries, reported profit before tax of $FJ70.2 million for the 12 months to...
Hongkong Jet, a subsidiary of Haikou-heaquartered aviation and shipping conglomerate HNA Group, has made a formal offer to take over Hong Kong-based aviation service company Asia Jet. The proposed acquisition of Asia Jet will also include its Shanghai subsidiary Asia Jet Partners (Shanghai) Ltd and joint venture business unit Asia Jet Partners (Malaysia) Bhd. Hongkong Jet and Asia Jet are bo...
Excellent sales revenue figures of 1.1 billion Swiss francs ensure continuation of the revenue trend achieved by Pilatus in recent years. Operating results, at 191 million Swiss francs, were also outstanding. 63 new jobs were created in Stans alone during the past year, and there was more major investment in site infrastructure. The PC-24 development programme is progressing as scheduled; a number...
A delay in appointing U.S. Export-Import Bank board members threatens to cost Boeing Co sales, the company's chief executive said on Thursday, flagging an issue that also affects General Electric and other U.S. companies that depend on the agency's export financing. Boeing is on the verge of losing orders because only two of five seats on the agency's board are filled, not eno...
Hartzell Engine Technologies (HET), a Tailwind Technologies Company, took advantage of the first-day excitement at Sun ’n’ Fun 2016 to announce that it has purchased the Sky-Tec brand of high-performance aircraft starters and solenoids. Based in Montgomery, Ala., HET is an OEM supplier of aircraft cabin heating solutions and engine accessories, including turboc...
There's going to be a little less competition among airlines following a big takeover announced Monday. Alaska Air Group has agreed to buy Virgin America for $2.6 billion, the airlines said. Alaska Air(ALK) said it will pay $57 per share, sending Virgin America (VA) stock soaring 40%. Including debt and aircraft leases, the transaction is worth about $4 billion. The combined airline will...
Boeing has invested US $225,000 in a three-year 'Start-Up Bridge Program' to aid budding UAE entrepreneurs. The aerospace giant has joined forces with INJAZ UAE, a non-profit member of the Junior Achievement Worldwide education initiative and TEJAR Dubai, a division of the Dubai Chamber of Commerce & Industry (DCCI), to deliver the program, which follows similar successful campaigns in...
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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...
