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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, Alit...

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 manag...


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...

Exclusive: Deutsche Bank to cut workforce by a quarter - sources

Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said on Monday. That would bring the group's workforce down to around 75,000 full-time positions under a reorganization being finalised by new Chief Executive John Cryan, who took control of Germany&#...

Fitch Upgrades Delta to 'BB+'; Outlook Positive

Fitch Ratings has upgraded Delta Air Lines’ Issuer Default Rating (IDR) to ‘BB+’ from ‘BB’. Fitch has also upgraded Delta’s Seattle project bonds to ‘BB+’ from ‘BB’ and assigned ratings of ‘BBB-’ to Delta’s 2015 secured credit facility. The Rating Outlook is Positive. The ratings upgrade reflects on-going improvements...

PASSUR® Aerospace Reports 13% Increase in Third Quarter

PASSUR® Aerospace, Inc, an aviation business intelligence, big data, and software solutions company reported total revenue for the quarter ended July 31, 2015 increased 13% to $3,244,000, compared to $2,865,000 for the same period in fiscal year 2014, primarily as a result of two major multi-year contracts signed during the year. For the three months ended Ju...

ICBC Financial Leasing refinances China Eastern aircraft with DVB

ICBC Financial Leasing has announced the closing of a financing facility for the refinancing of three aircraft with DVB Bank SE. The aircraft portfolio – consisting of one A330-200, one 737-700 and one A319-100 – are currently on long-term finance leases to China Eastern Airlines. The Chinese lessor mandated DVB as the sole arranger for the senior loan facil...

Credit Suisse plans to sell U.S. private bank: newspaper

Credit Suisse Group  intends to sell its U.S. private bank and slash its prime brokerage business under a strategy being developed by new Chief Executive Tidjane Thiam, Swiss newspaper Schweiz am Sonntag reported on Sunday. Results will be presented to the bank's board in early October of a strategic review announced in July, earlier than first envisaged to give markets time to absorb...

Etihad & Co. hit bond market in bid to raise $1bn

Etihad Airways and several of its equity partners and subsidiaries have set up a Dutch limited liability private company - EA Partners1 BV - ahead of a USD1 billion bond issuance later this week. Funds raised through the issuance will be used to settle debt obligations attributed to the seven obligors which include Etihad Airways PJSC (up to USD245 million or 18.85% of total), Air Ber...

Estonian Air’s restructuring plan has taken the airline to a profitable summer 2015

In addition to June and July this year, Estonian Air earned profit also in August. The profit of three months amounted to almost half a million euros. Last time the company had bottom line profit three months in a row in summer 2010. „We are happy to see that the company continued to operate profitably also in August despite of the fact that competition at aviation market has significantl...

Deutsche Bank CEO to shy away from 'big bang' reform at board summit

John Cryan, Deutsche Bank’s new chief executive, will not present “big bang” reforms at a weekend supervisory board retreat, rather an acceleration of existing plans to shed assets and exit countries. The group’s 19-member top oversight body began a three-day meeting late on Thursday set to be held at the luxury Alpine resort near the Tegernsee lake south of Munich,...

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Essential news

First airline to raise funds tied to United Nations Sustainable Development goals

The first airline to secure funding for a project based on its compatibility with the Sustainable Development Goals of the United Nations is Etihad Airways! Through a partnership with First...

Pratt & Whitney Invests $30 Million in West Virginia Facility for MRO of PW800 Engines

A $30 million US investment announced by Pratt & Whitney  in its engine services facility in Bridgeport, West Virginia for the maintenance, repair and overhaul (MRO) of PW800 engines. Specifi...

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Air Partner acquires leading global aviation security solutions and training company

Air Partner announced that it has acquired the entire issued share capital of Redline Worldwide Limited, trading as Redline Assured Security, a leading global aviation security solutions and trai...

Pratt & Whitney Invests $30 Million in West Virginia Facility for MRO of PW800 Engines

A $30 million US investment announced by Pratt & Whitney  in its engine services facility in Bridgeport, West Virginia for the maintenance, repair and overhaul (MRO) of PW800 engines. Specifi...

First airline to raise funds tied to United Nations Sustainable Development goals

The first airline to secure funding for a project based on its compatibility with the Sustainable Development Goals of the United Nations is Etihad Airways! Through a partnership with First...