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Transaero narrows first-half net losses to $57.6 million

Russia’s Transaero Airlines reported a 2015 first-half net loss of RUB3.2 billion ($57.6 million), narrowed from a RUB10.4 billion net loss in a year-ago period. First-half revenue grew 5.1% to RUB50.7 billion. Passengers carried in the first half remained flat year-over-year—5.8 mill...

NORDIC AVIATION CAPITAL A/S delivered the fifth of seven CRJ900’s

Nordic Aviation Capital is pleased to confirm that it has delivered the fifth of seven CRJ900’s, MSN 15185, to GoJet on lease. This is the fifth aircraft to be delivered by NAC to the American airline this year. Nordic Aviation Capital A/S is a global aircraft leasing co...


Etihad Airways And Partner Airlines’ Fundraising Transaction Increased To US$ 700 Million

Etihad Airways and its equity partner airlines have increased the funds raised from their unique platform financing transaction to US$ 700 million following a surge in demand from international financial institutions. Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles, Aliltalia and Jet Airways announced on Tuesday they had successfully raised US$ 500 million through...

Zodiac aerospace, revenue grows up to 18.1% in 2014/2015 financial year

Zodiac Aerospace generated revenue of €4,930.5m up 18.1% in its 2014/2015 financial year. At like-for-like consolidation and foreign exchange rates, this represented growth of 2.6%. The consolidation impact related to PPP – Pacific Precision Products and Enviro in the Aircraft Systems segment and Greenpoint Technologies in the Cabin & Structures segment, had a positive impact of...

Pentagon inspector finds no fault with US Navy’s 70-Triton buy

The US Navy properly justified its requirement for 70 maritime versions of the Northrop Grumman RQ-4 Global Hawk, the Pentagon’s top auditor says, but the final number depends on the aircraft’s performance after 100,000 flight hours. The navy based its Northrop MQ-4C Triton production quantities on an attrition rate of four aircraft every 100,000 flight hours, but the true attrition...

Comair Limited: Reviewed Condensed Consolidated Provisional Financial Results

Earnings review The 2015 financial year provided a basket of challenging variables, with a very strong profit in the first half followed by a more mundane second half. The first half started with an unprecedented collapse in the oil price, resulting in a drop in the price of jet fuel from a high of R9.50 per litre to R7.30 by December and R6.50 by year end. This decline granted relief to the dram...

Vietjet signed strategic agreement with Japan’s leading finance corporation

On September 15, 2015, Vietjet and Mitsubishi UFJ Lease & Finance Company Limited (MUL), a member of Japan’s leading finance group Mitsubishi UFJ Financial Group (MUFG), signed a memorandum of understanding (MOU) in Tokyo on the sidelines of the official visit of His ExcellencyNguyen Phu Trong, General Secretary of the Communist Party of Vietnam, to Japan. Japan&rsquo...

Russian-Chinese aircraft leasing company to begin shipping SSJ-100 in 2016

Russian-Chinese leasing company for the deliveries of Sukhoi Superjet 100 aircraft (SSJ-100) should start in 2016, the Head of the United Aircraft Corporation (UAC) Yuri Slusar told TASS Wednesday at the Aviation Expo China 2015 exhibition. "The work is in progress, we continue to look forward to deliver the first five aircraft next year," he said. Slusar noted that "the finan...

Etihad Airways and Key Equity Partners Complete Successful Platform Financing Transaction

Etihad Airways, its airport services business and five of its equity partners have today successfully completed an innovative new platform financing transaction, raising $500 million on the international markets. Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles, Alitalia and Jet Airways have together taken a new step forward in their strategic business development...

Airlines Can Boost Their Top and Bottom Line by Streamlining Financial Processes

The airline industry faces a number of challenges when it comes to financial management, including revenue leakage, complex income streams, and tax reporting and compliance across multiple markets. Coupled with an often-traditional approach to financial processes, it's clear that financial management remains an area for innovation. Against this backdrop, a new report published today, writte...

US, Asia-Pacific Lead Airlines' Profit Surge

The financial results posted by additional airlines further underscore a significant improvement in second-quarter profitability. A sample of 58 airlines around the world by the International Air Transport Association (IATA) showed a 95.6% jump in net profit and a 41.7% rise in operating profit. Those airlines made US$8.78 billion in aggregate post-tax profit in the April-June period, up fro...

Skytrans secures $18mn contract; to set up Brisbane base

Skytrans (Q6, Cairns) is to open a second base in Brisbane Int'l after it secured a new three year transport contract worth AUD25 million (USD17.84 million) with natural gas producer QGC Pty Limited. Effective October 26, the carrier will provide nine weekly return flights for QGC staff and contractors from Brisbane to sites in Chinchilla (located roughly 300km west-nort...

Gulf Air posts best annual results since 2004

Gulf Air has posted its 2014 financial and operational results, the airline's strongest financial results in a decade. The results reflect a fall in annual losses from BHD93.3 million in 2013 to BHD62.7 million in 2014 – equivalent to a 32.8% reduction. Commenting on the airline’s ongoing positive development in 2014 H.E. Shaikh Khalid bin Abdulla Al Khalifa (right), Deputy P...

Credit Suisse to pay $80 million to settle dark pool allegations

Credit Suisse Group AG will pay more than $80 million to settle allegations that it did not disclose how it operated its dark pool private share trading exchange to clients, Bloomberg reported, citing a person familiar with the matter. The Swiss bank will pay more than $50 million in fines and disgorgement to the U.S. Securities and Exchange Commission and about $30 million to the New York...

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Top of the week

The expansion of Embraer Eugênio de Melo unit, in São José dos Campos

During the celebration of 50th anniversary, Embraer announced  US$ 30 million investment in the expansion of its Eugênio de Melo unit, in São José dos Campos. Through the construction of new facilitie...