ASL Aviation Group has reached agreement to acquire the airline operations of TNT Express N.V. (hereafter TNT), comprised of TNT Airways (Belgium) and Pan Air Líneas Aéreas (Spain). The agreement is conditional on the completion of the intended acquisition...
Riga. Yesterday an agreement was signed between the Latvian government and Ralf-Dieter Montag-Girmes. Under the deal, a total of EUR 132 million of fresh capital will be invested in the Latvian carrier for fleet modernisation and its new Horizon 2021 business plan. Ralf-Dieter Montag-Gi...
In 2015 the European Investment Bank (EIB), the EU’s long-term lending institution, fostered projects in Finland with loans totalling EUR 1.62bn – this is an all-time record high EIB commitment in Finland. Today, the EIB provided a EUR 230m loan to Finavia Corp., the Finnish airport operator, for the expansion of Helsinki Airport. This investment...
Canadian plane and train maker Bombardier Inc, whose stock has hit its lowest level in 25 years, will soon announce plans for a reverse stock split, two sources familiar with the matter said, in order to remain a part of Canada's benchmark stock index. The sources, who are not authorized to publicly discuss the plans, said Bombardier's board of directors had already approved the plan be...
Virgin Australia says improving yield and revenue growth in the key domestic market has led to a strong rise in second quarter profit. The company said on Thursday statutory net profit for the three months to December 31 2015 came in at $60.8 million, a significant increase from $11.3 million in the prior corresponding period. The result was Virgin’s second consecutive quarterly profit...
Emirates has come out on top again as the world's most valuable airline brand, according to the 2016 Brand Finance Global 500 report, which was released yesterday. The airline’s brand value grew 17% over last year to reach US$ 7.7 billion. For the fifth year running, the airline has steadily risen up in the global ranking of the world’s top brands to be placed at #171, 47 places...
A bomb threat on a plane preparing to leave Faro airport in Portugal's southern region of Algarve for Lisbon forced the evacuation of 38 passengers early on Tuesday, a spokesman for TAP said. "There was a bomb threat and the plane was handed over to the authorities for inspection. The passengers have been removed," he said, declining to provide details on how the threat had been d...
Boeing Capital projects that airlines and lessors generally will encounter few problems acquiring aircraft financing this year. It describes the market as healthy as order books remain strong, industry growth continues to outstripGDP and airlines continue to turn more profits than they have in decades, all the while low fuel prices offset the effects on economies of the commodities crisi...
Yakutia Airlines will receive 800 million roubles (USD10.57 million) in state subsidies from the government of the Sakha Republic (Yakutia) to cover its leasing costs for this year. CEO Olga Fedorova told Russia's TASS news agency that the airline's financial health is a key concern for both management and government. In line with plans to increase its share capital and attract a str...
In relation to the share buy-back programme (the “Buy-back Programme”) pursuant to the announcement made on 30 June 2015, following the purchase made on 29 January 2016,INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. (“IAG” or the “Company”) has concluded this Buy-back Programme in accordance with its terms. Under this Buy-back Programme, the C...
Ryanair, Europe’s favourite airline, today (Feb 1) announced Q3 profits of €103m, a 110% increase on prior year. Traffic grew 20% to 25m as ave. fares fell 1% to €40 (load factors rose 5% points to 93%) while unit costs fell by 5% (ex-fuel down 1%). Ryanair’s CEO, Michael O’Leary, said: “We are pleased to report that our low fares policy delivered stron...
Iran expects to finalise within days a deal to buy up to 40 planes from ATR, the European manufacturer of turboprop aircraft, a deputy transport minister said Saturday. “We discussed the deals in Italy and France and ATR officials are expected in Tehran in the coming days to complete the agreement,” Asghar Fakhrieh Kashan said. “There will be 20 firm and 20 optional orders,...
American Airlines reported a record profit for the fourth quarter and all of 2015 as a sharp drop in fuel prices more than offset lower revenue. The world’s biggest airline said Friday that its earnings were the highest ever for any carrier. American Airlines Group Inc. posted net income of $3.28 billion in the fourth quarter, but the results were inflated by a huge accounting gain fro...
The $400 billion economy is the second-largest in the Middle East after Saudi Arabia. Less than a fortnight after a decade of crippling economic sanctions on Iran ended, President Hassan Rouhani is being treated to red carpets, dinners with top CEOs and billion-dollar deals in Europe. In Italy, accords worth $22 billion covered industries from natural gas to high-speed rail, while in France...
20/10/2026 - 22/10/2026
United States, Las Vegas
18/11/2026 - 20/11/2026
Bahrain, Sakhir
Rising production rates and the launch of new aircraft programs are driving increased demand for manufacturing capacity across the aerospace industry. To support this growth, FACC plans to i...
