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Asian shares move off three-year lows while China's suffering goes on

Volatile global markets showed tentative signs of a respite from the recent blood-letting on Tuesday as bargain hunters helped Asian stocks off three-year lows, though share markets in China, epicenter of the rout, suffered another big sell-off. The MSCI's broadest index of Asia-Pacific share...

Air Armenia boss given hiding; EPF warns of withdrawal

Ukrainian-owned investment firm, East Prospect Fund (EPF), has warned its proposed USD68.6 million injection into Air Armenia (QN, Yerevan) is in jeopardy following an assault on airline CEO and majority 51% shareholder Arsen Avetisyan last week. EPF owns a 49% stake in the Armenian c...


Global Investment Is Not A Threat, But A Lifeline, Says Etihad Airways’ President And Chief Executive Officer

Last year’s ground-breaking investment by Etihad Airways in Alitalia has revitalised Italy’s national airline, and set it on a new course towards sustainable profitability, the President and Chief Executive Officer of Etihad Airways, James Hogan, said today. Mr Hogan was speaking at the Rimini Roundtable Discussion, a prestigious annual event held in the historic Italian town of Rim...

Irkut Corporation and Sberbank Leasing are going to sign a firm contract for delivery of 20 MS-21 aircraft at MAKS-2015 airshow

Sberbank Leasing and Irkut Corporation are going to sign a firm contract for delivery of 20 MS-21 aircraft at MAKS-2015 international airshow, a source close to Irkut Corporation reports. He added that the contract might also include an option for another 30 jets of the type. “It is too early to talk about details, but Sberbank Leasing and Irkut Corporation are going to sign a firm contra...

GECAS Regional Aircraft Group delivers three leased Embraer E195s to BoraJet Airlines

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, has said its Regional Aircraft Group completed delivery of three leased Embraer E195 aircraft to Istanbul based BoraJet Airlines. BoraJet currently operates a fleet of 14 aircraft to 19 destinations in Turkey and surrounding areas.  

DHL: Continued Investment in Americas Hub at Cincinnati/Northern Kentucky International Airport is Key for Future Growth in Region

DHL, the world’s leading global express and logistics company, is continuing to invest in its Americas hub at the Cincinnati/Northern Kentucky International Airport (CVG) to ensure that it will have the capacity needed to meet the demands of future growth generated by international shipping and global trade. In the last seven years, DHL Express has expanded its operations at&nbs...

Aergo Capital finances two new B737-900ER for Sriwijaya Air

DUBLIN : Aergo Capital today announced the financing of two new Next-Generation 737-900ER (Extended Range) aircraft for Jakarta based Sriwijaya Air by sale and lease back. This is the first all-new airplane delivery for Sriwijaya Air, Indonesia’s third largest carrier. “We are thrilled to conclude this transaction with Sriwijaya Air and Boeing” said Fred Browne, Chief Exe...

Hong Kong Aviation Capital closes new $725 million 5 year warehouse facility

Hong Kong Aviation Capital (HKAC) announces the completion of a new $725 million secured limited-recourse warehouse facility. The facility provides HKAC significant flexibility with 100% blind capacity to finance its future aircraft deliveries or refinance existing aircraft. The facility was oversubscribed and is priced competitively at a margin of 2.00%. The facility was structured b...

China syndrome: how the slowdown could spread to the Brics and beyond

umbling share prices. A sell-off in commodity markets. Capital flight from some of the world’s riskier countries. Hints of a looming currency war.Financial markets ended last week in panic mode as fears emerged that the world was about to enter the next phase of the crisis that began eight years ago in August 2007. Back then, the problems began in the developed world – in Ameri...

Eurozone condemned to permanent crisis without reforms

Political paralysis in the eurozone will force the bloc into permanent turmoil unless countries stop “muddling through” the crisis and take responsibility for reforms, the architect of Europe’s tough budget rules has warned. Olli Rehn, who served as the European Commission’s top economic official at the height of the eurozone crisis, said political rifts between countrie...

Europe's Stoxx 600 Falls 13% From April High, Enters Correction

A three-day selloff culminated in Europe’s benchmark equity gauge falling 13 percent from its record. The Stoxx Europe 600 Index entered a correction, following the U.K.’s FTSE 100 Index on Thursday. Thirteen out of 18 western-European markets have lost 10 percent or more from their highs, with Germany’s DAX Index down 18 percent. The stock rout that began last week after C...

Capital Assured Announces Strategic Partnership with Florida Lifestyle and Business Exhibition in Dubai

Real estate investment, management and development firm Capital Assured is to become the strategic partner for the Florida Dubai Link: Lifestyle and Business Exhibition in Dubai, September 6-7th 2015.    With a new direct daily flight between Dubai and Orlando offered by Emirates Airlines from September 1st, this is the perfe...

FINRA probes Merrill over anti-money laundering compliance: source

Wall Street's self-regulatory body has been probing Bank of America Merrill Lynch over its failure to detect the activities of a former financial adviser, who pleaded guilty to helping a client cover up an insider-trading scheme and launder the proceeds, said a source familiar with the matter. The Financial Industry Regulatory Authority (FINRA), which has been in discussions with Merrill (B...

Citigroup to pay $15 million to settle U.S. compliance charges

A unit of Citigroup Inc (C.N) will pay $15 million to settle civil charges alleging it failed to enforce policies designed to prevent and detect insider trading, U.S. regulators said. Wednesday's settlement with the Securities and Exchange Commission marks the second time this week that Citigroup has been dinged for regulatory failures. Earlier this week, two units of the bank also agree...

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Essential news

Final Approval to Form American Airlines and Qantas Joint Business is Received

American Airlines welcomes the U.S. Department of Transportation’s final approval of a joint business agreement with Qantas. American and Qantas now have the opportunity to jointly offer more pr...

Top of the week

Final Approval to Form American Airlines and Qantas Joint Business is Received

American Airlines welcomes the U.S. Department of Transportation’s final approval of a joint business agreement with Qantas. American and Qantas now have the opportunity to jointly offer more pr...

Cathay Pacific acquired Hong Kong Express Airways

Cathay Pacific acquired of Hong Kong Express Airways, which is now its wholly owned subsidiary. However, HK Express will remain a stand-alone low-cost carrier to serve a niche value mar...