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Daher Posts Record Revenues, Names New CEO

Boeing Becomes #4 Most Shorted Dow Stock, Replacing International Business Machines

The most recent short interest data has been released by the NASDAQ for the 03/15/2016 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the Dow Jones Industrial Average by “days to cover.” There are a number of w...

Global airline stocks fall after Brussels attack

Airline stocks took a tumble this week following the Brussels terror attacks on Tuesday that included twin explosions at the city’s airport. The bombings in the Belgian capital came three days after the flydubai crash in Russia and four months after the Paris terror attacks heightening safe...

Shares in African budget airline Fastjet drop almost 11 per cent

Fastjet's share price plunged yesterday, dropping by 10.95 per cent to close at 30.50p. The stock dipped on the first day of trading since Easy Group owner Sir Stelios Haji-Ioannou sent a letter to the African budget airline, threatening legal action over a series of alleged licence breaches. Easy Group - parent company of EasyJet - owns the Fastjet brand. Among other grievance...

Virgin Australia secures $A425 million loan from major shareholders, announces capital review

Virgin Australia has tapped its four major shareholders for a $A425 million loan facility as part of a fresh review of its balance sheet. The 12-month, $A425 million loan facility with Air New Zealand, Etihad Airways, Singapore Airlines (SIA) and Sir Richard Branson’s UK-based Virgin Group would provide the company with “additional flexibility in the short-term” as it conducts...

AirAsia X receives second certification for the IATA Operational Safety Audit (IOSA)

AirAsia X, an affiliate of the AirAsia Group, received its second IATAOperational Safety Audit Certification (IOSA), confirming that the airline is in compliance with the international operational safety standards. IATA’s Operational Safety Audit (IOSA) program is an internationally recognized and accepted evaluation system designed to access the operational management and control sy...

Zodiac Aerospace sees profits flat this year due to production problems

Troubled French group Zodiac Aerospace said on Tuesday that its operating profit in the current year ending in August was likely to be unchanged from last year, as a result of its problems with meeting orders for airliner seats. The company, which supplies both Airbus and Boeing, said last month that it would not now hit its goal this year of raising its operating margin to around 10...

Royal Jordanian posts JD21 million net profit in 2015

In a meeting held on March 13, 2016, Royal Jordanian’s Board of Directors, presided by Chairman Suleiman Hafez, endorsed the company’s audited financial results. The figures show that Royal Jordanian registered a net profit before tax of JD21 million in 2015, while in 2014 it had registered JD49.5 million net losses before tax. The net profit after tax reached JD16 million, while in...

Pillsbury Expands In Asia With Leading Aviation Finance Partner Paul Jebely

Pillsbury announced that it is applying for a license to open an office in Hong Kong as part of the firm’s long-term strategy to extend its reach in China. Prominent aviation finance lawyer Paul Jebely will lead the firm’s highly ranked Transportation Finance practice in Asia and play a key role building the new office once a license is obtained. Jebely comes to Pillsbury from the Hong...

Amazon will lease 20 Boeing 767s to get its long-rumored cargo service off the ground

Amazon is about to lease 20 Boeing 767 aircraft, according to Reuters, confirming months of speculation that the online retail giant is building up an air-delivery service. The planes are being leased by a company called Air Transport Services Group Inc. Rumors of Amazon's involvement with ATSG date to late last year, when Motherboard uncovered that the aviation lessor was shipping goods fo...

Albania offers collectors: Military’s rusting fighter jets up for auction

If you want to buy a secondhand fighter jet, Albania’s the place to go right now. The 40 obsolete Soviet and Chinese-made aircraft up for sale once roared over what was Europe’s most exclusive airspace. The Albanian pilots were members of an exalted military elite that had its own food-tasters and was tasked by Communist Albania’s paranoid regime with deterring countless enemi...

Kiwi Regional Airlines plans to crowdfund $2 million for new plane

Kiwi Regional Airlines plans to raise up to $2 million through crowdfunding to buy a second aircraft. The new aircraft would be a Saab 340 QC used for passenger and freight charters and as a backup for maintenance of its existing aircraft Saab 340A. Last month the Hamilton airline cancelled flights after grounding the 34-seater...

Embraer Stock Plunges 12% on Earnings: 3 Things Investors Missed

Shares of Brazilian aircraft manufacturer Embraer plummeted 12% on Thursday, after the company's Q4 earnings and 2016 guidance missed expectations. This cut its market cap to less than $5 billion. Embraer's defense business was under pressure throughout 2015 as the Brazilian government has been coping with a budget crisis. Its executive jet business has also fallen on hard times, due to...

Russia’s Aeroflot Loses Money in a Year Most Airlines Are Big Winners

Russia’s largest airline, Aeroflot, has bucked the trend of strong profits in the airline sector by reporting a loss of $88 million for 2015. Despite posting a 13.4 percent rise in passenger numbers and holding the lion’s share of the domestic market, Aeroflot lost money for the second consecutive year, reporting a 6.49 billion ruble ($88 million) shortfall. The company attribute...

Stelios demands Fastjet CEO replacement over cost concerns

Stelios Haji-Ioannou, one of the largest investors in Fastjet (FN, Dar-es-Salaam) (through easyGroup holding 12% of Fastjet shares), has demanded an extraordinary general meeting of shareholders to discuss the proposed dismissal of Fastjet's chief executive Ed Winter and one of its directors, Krista Bates. Winter already announced in January that he was planning to step down once a successo...

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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...

TrueNoord places firm order for 20 Embraer E195-E2 aircraft and secures purchase rights for up to 30 additional jets

TrueNoord has signed a firm order agreement with Embraer to acquire twenty factory-new E195-E2 aircraft. The agreement also includes purchase rights for up to twenty additional new E195-E2 aircra...