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 b...
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 con...
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...
Honeywell International Inc. posted profit that matched analysts’ estimates as aerospace sales increased, bolstered by deliveries of jet engines, and overall margins expanded amid cost cuts. Earnings excluding pension adjustments increased to $1.58 a share, the maker of thermostats and factory-automation software said in a statement Friday. Sales, hurt by lower demand for oil-and-gas equi...
Arctic Aviation Assets Ltd (AAA), a wholly owned subsidiary of Norwegian Air Shuttle ASA(Norwegian), has arranged for pre-delivery payment financing (PDP) of fifty Airbus 320 Neo aircraft scheduled for delivery in 2016 to 2019. The facility that covers PDP financing for deliveries until the end of 2019 is structured as a revolving credit facility. ‘These deliveries in the n...
Bombardier shares were reduced to penny-stock status for the first time since 1991 on Wednesday as the plane and train maker continues to have trouble selling its next generation of aircraft. Bombardier shares were trading hands at 92 cents on the TSX on Thursday, a day after closing below the $1 level for the first time in 25 years. If a company falls below $1 per share on some major exchan...
Fourth-Quarter 2015 Core EPS (non-GAAP)* of $1.60 on revenue of $23.6 billion; GAAP EPS of $1.51 Strong operating cash flow of $3.1 billion on solid core operating performance Full Year 2015 Record revenue of $96.1 billion on record commercial deliveries Operating cash flow increased to $9.4 billion; strong liquidity of $12.1 billion in cash and marketable securit...
FedEx Corp. announced today that its Board of Directors has authorized a new share repurchase program of up to 25 million shares of FedEx Corp. common stock. These shares may be repurchased from time to time in the open market or in privately negotiated transactions. “Since FY14, we have returned nearly $8 billion to shareowners through the repurchase of over 57 million shares, and we rem...
Last week, two major events in Dublin brought the biggest guns from the aviation finance community together to swap notes, debate the major issues and assess the outlook for 2016. Flightglobal – as ever – was close to the action, and these are four key themes we believe will set the agenda for the industry for the year ahead. 1. This is (still) as good as it gets At last year...
At least 70 passengers were offloaded from a Raipur-bound Indigo flight at Rajiv Gandhi International Airport in Hyderabad on Friday night due to “unruly behaviour”, following which the passengers lodged a complaint with airport police alleging that they were harassed by the staff. The incident took place between 8.30pm and 9.00pm. The passengers, who as a group were travelling to R...
Sol Líneas Aéreas (8R, Rosario, SF) staff have temporarily returned to work after the airline reached a compromise with the Argentine government concerning its immediate future. Sol ceased operations on Friday last week after Aerolineas Argentinas (AR, Buenos Aires Ezeiza) rescinded a long-standing Capacity Purchase Agreement which had availed ARS125 million (USD9.44 million) in f...
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...
