Oman Arab Bank (OAB) has initiated coverage of the GCC aviation sector and put a buy recommendation on Air Arabia and an accumulate recommendation on Jazeera Airways, backing the budget airlines’ growth potential. Regional air traffic activity is on the rise. According to Iata, passeng...
It could be a $2 billion deal. Alaska Air has emerged as the likely winner of an auction for Virgin America , The Wall Street Journalreported on Saturday, citing people familiar with the matter. The offer was set to beat a rival bid by JetBlue Airways 0.99% , the people said, ac...
Daher announced record annual revenues yesterday, largely due to the growth last year of its aerospace business, which includes the TBM 900 turboprop single. Revenues last year surpassed €1 billion for the first time, at €1.17 billion. It delivered 55 TBM 900s in 2015, up from 51 in 2014. In new programs, Daher manufactures the tail section of the Airbus Helic...
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 ways to look at short data, for example the total number of shares short; but one metric that we find...
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 safety concerns among travellers. Major European airline stocks — Air France-KLM, easyJet, Inte...
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 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, 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...
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...
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 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 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...
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 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...
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...
