Qantas chief executive Alan Joyce has delivered a bumper 2015/16 first half profit, with the Flying Kangaroo’s international operations “going gangbusters” as the lower currency fuels demand for travel into Australia and alliance partners funnel passengers onto a domestic network t...
Shares of Boeing have slumped more than 20% since late December. The primary culprits have been investor concerns around aircraft demand and -- more recently -- reports of a possible SEC investigation into Boeing's accounting for the 747 and 787 widebody jet programs. At an investor conferenc...
Private air travel is getting the Uber treatment with some of the industry’s biggest customers -- members of the Saudi Royal family -- investing $26.1 million in a company that lets users book private jets from a smartphone. Most private aircraft aren’t used that much, JetSmarter founder Sergey Petrossov, a Russian-born Florida resident, said in an interview. They either stand idled...
XTI Aircraft Company (XTI) today announced that it will establish an over-the-counter secondary market so current and future shareholders will have the ability to buy and sell XTI shares on a public market. After garnering $20.6 million in non-binding expressions of interest, the excitement around the TriFan 600 and interest by investors in the company's equity crowdfunding...
Tomorrow, private spaceflight company Virgin Galactic will unveil the newest version of SpaceShipTwo — the reusable spaceplane that will become the company's primary vehicle. The company has been without a main vehicle since October 2014, when a crash killed one test pilot and seriously injured another. After the accident, many journalists and industry experts expressed skepticism about...
Virgin America reported a 2015 net income of $340.5 million, a more than fivefold increase over a $60.1 million net profit for 2014. Virgin president and CEO David Cush said, “We achieved the highest net income in company history, generated significant operating cash flow, continued to outperform the industry in domestic unit revenue growth, and began growing the airline again.”...
Boeing Co.’s stock price hit a new 52-week low last week following a report that the program accounting method Boeing has been using to account for the 787 Dreamliner was being scrutinized by the U.S. Securities and Exchange Commission (SEC). Other recent issues include a cut to the production rate of the company’s current version of the 777 dual-engine, twin-aisle plane, and the...
Aerolease Aviation, a Florida-based lessor with a portfolio of 40 used Boeing 757s, signed a letter of intent (LOI) for 10 Mitsubishi Regional Jets (MRJ) plus 10 options. Aerolease becomes the first lessor to commit to the MRJ. “We firmly believe that the asset value of the MRJ has now been recognized in the aircraft finance market,” Mitsubishi Aircraft Corp. president Hiromichi Mor...
PJSC Aeroflot announces that it will make full payment to investors of the fifth coupon on its series BO-3 exchange-traded bonds. Payment for the fifth coupon period was made by PJSC Aeroflot in October 2015, when the Company transferred funds to cover in full its obligations under the coupon. However, due to the withdrawal of the banking licence of OJSC JSCB ...
Did you notice this big investment Google made last year? You may have missed it. After all, the U.S. space company hadn't yet earned itself a name for successfully landing a rocket on the ground just after the rocket delivered a payload in space. But the investment shouldn't be overlooked. Indeed, it may be one of Alphabet's (NASDAQ:GOOG) (NASDAQ:GOOGL) (formerly Google) boldest m...
Delta Air Lines Inc. achieved its longstanding goal of regaining investment-grade credit, following through on a priority of retiring Chief Executive Officer Richard Anderson. Moody’s Investors Service raised the airline’s senior unsecured debt rating to Baa3, the lowest investment-quality level and higher than the junk grades of rival carriers American Airlines Group Inc. and Unite...
JetBlue unveiled a new subsidiary, JetBlue Technology Ventures, which is based in a Silicon Valley incubator and will provide seed funding to early stage technology, travel, and hospitality startups. JetBlue Technology Ventures is led by its president, Bonny Simi, a JetBlue pilot who had been working on talent acquisition for the airline, and the subsidiary will be located in the Redwood City,...
Warren East, Chief Executive, said: “In the context of challenging trading conditions our overall performance for the year was in line with the expectations we set out in July 2015. It was a year of considerable change for Rolls-Royce: in our management, in some market conditions and in our near-term outlook. At the same time, there were some important constants: the underlying growth of our...
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Boeing Co. (NYSE: BA) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is am...
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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...
