Air Canada reported a profit of $101 million in its latest quarter compared with a loss a year ago. The airline says the profit amounted to 35 cents per diluted share compared with a loss of $309 million or $1.08 per diluted share in the same quarter last year. Operating revenue totalled $3.34...
Shares in the European aerospace giant went into a sharp descent after it revealed a massive plunge in net profit following delays in deliveries and fresh problems with its troubled A400M military transport plane. Airbus stocks closed 4.8 percent lower at the Paris stock exchange on Thursday afte...
Qantas and Vietnam Airlines have unveiled plans to invest $US139 million ($181.5 million) to more than double the size of Vietnamese low-cost carrier Jetstar Pacific's fleet to 30 aircraft over the next four years. Qantas, as the owner of a 30 per cent stake, will provide $US42 million to Jetstar Pacific over a number of tranches between now and 2020 with Vietnam Airlines responsible for th...
Airline chief Saleh Al Jasser says paperwork for a 30% listing of the cargo unit is being finalised. Saudi Arabian Airlines Corporation, the holding company of Saudi Arabian Airlines, is planning an initial public offering of the state-owned carrier, the airline’s director-general Saleh Al Jasser said on Monday. The listing is part of a five-year strategy to make the airline, also know...
CHC Group, one of the world’s two largest helicopter operators, this week announced that it had decided not to make an interest payment on its bonds that mature in October 2020. It was due to pay $46 million on Monday. Although investors in the 9.25% senior secured notes are not happy, the company has a 30-day grace period before it is technically in default on these bonds. CHC could...
After capturing the imagination of the public with its TriFan 600 vertical takeoff airplane, XTI Aircraft Company (XTI) is accelerating its development program and redoubling efforts to translate excitement about the aircraft into $3 million in actual investments. The $3 million milestone is essential to fund important next steps in an accelerated development program that in...
Shares of Turkey’s national airline sank the most in five months as Morgan Stanley recommended selling the stock and a U.S. carrier said it planned to suspend service to Istanbul. Turk Hava Yollari AO plunged 6.8 percent to 6.99 liras, with 145 million shares changing hands, the most since July 2009. Morgan Stanley downgraded the stock to underweight from overweight and cut the share...
Zurich Airport has inked an agreement to sell its 5 per cent minority shareholding in Bengaluru International Airport Ltd (BIAL) to the Prem Watsa-backed Fairfax Holdings for $48.9 million. Subject to customary regulatory approvals, the deal is expected to be completed within the third quarter of 2016. While there has been no word on the agreement from Fairfax, Zurich Airport has announced it o...
Waypoint Leasing (Ireland) Limited (“Waypoint”), the largest independent global helicopter leasing company, today announced that it has closed on a $100 million term loan facility led by Lombard North Central Plc (“Lombard”). The facility has a maturity of approximately six years and provides for USD, EUR and GBP funding capacity on a delayed draw basis. The company will us...
Sabre has made its first acquisition of 2016 with the purchase of Airpas Aviation, a technology provider that helps airlines manage their route networks and costs. No terms regarding the acquisition were released in the announcement. Sabre will place the Germany-based company within its Airline Solutions portfolio of tools and services. Airpas has a number of tools and products that allow...
New Fiji Airways chief executive Andre Viljoen says 2016 will be a year of challenges and opportunities as the airline grows its international network and deals with the fallout from Tropical Cyclone Winston after handing down a record profit result. The airline group, which covers Fiji Airways, Fiji Link and other subsidiaries, reported profit before tax of $FJ70.2 million for the 12 months to...
Hongkong Jet, a subsidiary of Haikou-heaquartered aviation and shipping conglomerate HNA Group, has made a formal offer to take over Hong Kong-based aviation service company Asia Jet. The proposed acquisition of Asia Jet will also include its Shanghai subsidiary Asia Jet Partners (Shanghai) Ltd and joint venture business unit Asia Jet Partners (Malaysia) Bhd. Hongkong Jet and Asia Jet are bo...
Excellent sales revenue figures of 1.1 billion Swiss francs ensure continuation of the revenue trend achieved by Pilatus in recent years. Operating results, at 191 million Swiss francs, were also outstanding. 63 new jobs were created in Stans alone during the past year, and there was more major investment in site infrastructure. The PC-24 development programme is progressing as scheduled; a number...
A delay in appointing U.S. Export-Import Bank board members threatens to cost Boeing Co sales, the company's chief executive said on Thursday, flagging an issue that also affects General Electric and other U.S. companies that depend on the agency's export financing. Boeing is on the verge of losing orders because only two of five seats on the agency's board are filled, not eno...
08/09/2026
United Kingdom, London
10/09/2026
Latvia, Riga
Solairus Aviation announced an agreement to acquire the Aircraft Management and Charter divisions of Clay Lacy Aviation. Solairus currently manages approximately 360 aircraft from more than 100 b...
