There's going to be a little less competition among airlines following a big takeover announced Monday. Alaska Air Group has agreed to buy Virgin America for $2.6 billion, the airlines said. Alaska Air(ALK) said it will pay $57 per share, sending Virgin America (VA) stock soaring 40%. Includi...
Boeing has invested US $225,000 in a three-year 'Start-Up Bridge Program' to aid budding UAE entrepreneurs. The aerospace giant has joined forces with INJAZ UAE, a non-profit member of the Junior Achievement Worldwide education initiative and TEJAR Dubai, a division of the Dubai Chamber of C...
Fitch Ratings agency today initiated coverage of Embraer, assigning its BBB- Foreign and Local Currency long-term issuer default ratings (IDR), which corresponds to investment grade. The same ‘BBB-’ grade was attributed to unsecured ratings to debts issued. Fitch has also assigned a ‘AAA(bra)’ National Scale rating to Embraer. According to the agency, the rating outlook...
Oman Arab Bank (OAB) has initiated coverage of the GCC aviation sector and put a buy recommendation on Air Arabia and an accumulate recommendation on Jazeera Airways, backing the budget airlines’ growth potential. Regional air traffic activity is on the rise. According to Iata, passenger demand for Middle East carriers in January had the strongest year-on-year growth at 10.9 per cent...
It could be a $2 billion deal. Alaska Air has emerged as the likely winner of an auction for Virgin America , The Wall Street Journalreported on Saturday, citing people familiar with the matter. The offer was set to beat a rival bid by JetBlue Airways 0.99% , the people said, according to theJournal. Alaska Air is expected to pay upwards of $2 billion for Virgin America&nbs...
Daher announced record annual revenues yesterday, largely due to the growth last year of its aerospace business, which includes the TBM 900 turboprop single. Revenues last year surpassed €1 billion for the first time, at €1.17 billion. It delivered 55 TBM 900s in 2015, up from 51 in 2014. In new programs, Daher manufactures the tail section of the Airbus Helic...
The most recent short interest data has been released by the NASDAQ for the 03/15/2016 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the Dow Jones Industrial Average by “days to cover.” There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find...
Airline stocks took a tumble this week following the Brussels terror attacks on Tuesday that included twin explosions at the city’s airport. The bombings in the Belgian capital came three days after the flydubai crash in Russia and four months after the Paris terror attacks heightening safety concerns among travellers. Major European airline stocks — Air France-KLM, easyJet, Inte...
Fastjet's share price plunged yesterday, dropping by 10.95 per cent to close at 30.50p. The stock dipped on the first day of trading since Easy Group owner Sir Stelios Haji-Ioannou sent a letter to the African budget airline, threatening legal action over a series of alleged licence breaches. Easy Group - parent company of EasyJet - owns the Fastjet brand. Among other grievance...
Virgin Australia has tapped its four major shareholders for a $A425 million loan facility as part of a fresh review of its balance sheet. The 12-month, $A425 million loan facility with Air New Zealand, Etihad Airways, Singapore Airlines (SIA) and Sir Richard Branson’s UK-based Virgin Group would provide the company with “additional flexibility in the short-term” as it conducts...
AirAsia X, an affiliate of the AirAsia Group, received its second IATAOperational Safety Audit Certification (IOSA), confirming that the airline is in compliance with the international operational safety standards. IATA’s Operational Safety Audit (IOSA) program is an internationally recognized and accepted evaluation system designed to access the operational management and control sy...
Troubled French group Zodiac Aerospace said on Tuesday that its operating profit in the current year ending in August was likely to be unchanged from last year, as a result of its problems with meeting orders for airliner seats. The company, which supplies both Airbus and Boeing, said last month that it would not now hit its goal this year of raising its operating margin to around 10...
In a meeting held on March 13, 2016, Royal Jordanian’s Board of Directors, presided by Chairman Suleiman Hafez, endorsed the company’s audited financial results. The figures show that Royal Jordanian registered a net profit before tax of JD21 million in 2015, while in 2014 it had registered JD49.5 million net losses before tax. The net profit after tax reached JD16 million, while in...
Pillsbury announced that it is applying for a license to open an office in Hong Kong as part of the firm’s long-term strategy to extend its reach in China. Prominent aviation finance lawyer Paul Jebely will lead the firm’s highly ranked Transportation Finance practice in Asia and play a key role building the new office once a license is obtained. Jebely comes to Pillsbury from the Hong...
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...
