Zodiac Aerospace shares plunged the most in more than 17 years after saying a restructuring meant to halt delays in delivering airliner seats will take longer than estimated, the latest in a series of setbacks that have dented management’s credibility. The stock slumped 21 percent to 15.39...
Air New Zealand has reported a more than doubling of first half net profit amid strong growth in passenger numbers and as the airline benefits from lower fuel prices and a booming New Zealand tourism market. The company said net profit for the six months to December 31 2015 came in at $NZ338 mill...
Regional Express (Rex) has swung to a rare first half loss due to impairment charges relating to the end of a Defence contract. The company reported a statutory net loss of $11.4 million for the six months to December 31 2015, compared with net profit of $3.9 million in the prior corresponding period. Rex said in a statement on Wednesday it was the airline group’s first statutory net loss...
Qantas chief executive Alan Joyce has delivered a bumper 2015/16 first half profit, with the Flying Kangaroo’s international operations “going gangbusters” as the lower currency fuels demand for travel into Australia and alliance partners funnel passengers onto a domestic network that is also reporting strong profit growth. The airline group reported statutory net profit after...
Shares of Boeing have slumped more than 20% since late December. The primary culprits have been investor concerns around aircraft demand and -- more recently -- reports of a possible SEC investigation into Boeing's accounting for the 747 and 787 widebody jet programs. At an investor conference last week, Boeing CEO Dennis Muilenberg offered a spirited defense of the company's profit and...
Private air travel is getting the Uber treatment with some of the industry’s biggest customers -- members of the Saudi Royal family -- investing $26.1 million in a company that lets users book private jets from a smartphone. Most private aircraft aren’t used that much, JetSmarter founder Sergey Petrossov, a Russian-born Florida resident, said in an interview. They either stand idled...
XTI Aircraft Company (XTI) today announced that it will establish an over-the-counter secondary market so current and future shareholders will have the ability to buy and sell XTI shares on a public market. After garnering $20.6 million in non-binding expressions of interest, the excitement around the TriFan 600 and interest by investors in the company's equity crowdfunding...
Tomorrow, private spaceflight company Virgin Galactic will unveil the newest version of SpaceShipTwo — the reusable spaceplane that will become the company's primary vehicle. The company has been without a main vehicle since October 2014, when a crash killed one test pilot and seriously injured another. After the accident, many journalists and industry experts expressed skepticism about...
Virgin America reported a 2015 net income of $340.5 million, a more than fivefold increase over a $60.1 million net profit for 2014. Virgin president and CEO David Cush said, “We achieved the highest net income in company history, generated significant operating cash flow, continued to outperform the industry in domestic unit revenue growth, and began growing the airline again.”...
Boeing Co.’s stock price hit a new 52-week low last week following a report that the program accounting method Boeing has been using to account for the 787 Dreamliner was being scrutinized by the U.S. Securities and Exchange Commission (SEC). Other recent issues include a cut to the production rate of the company’s current version of the 777 dual-engine, twin-aisle plane, and the...
Aerolease Aviation, a Florida-based lessor with a portfolio of 40 used Boeing 757s, signed a letter of intent (LOI) for 10 Mitsubishi Regional Jets (MRJ) plus 10 options. Aerolease becomes the first lessor to commit to the MRJ. “We firmly believe that the asset value of the MRJ has now been recognized in the aircraft finance market,” Mitsubishi Aircraft Corp. president Hiromichi Mor...
PJSC Aeroflot announces that it will make full payment to investors of the fifth coupon on its series BO-3 exchange-traded bonds. Payment for the fifth coupon period was made by PJSC Aeroflot in October 2015, when the Company transferred funds to cover in full its obligations under the coupon. However, due to the withdrawal of the banking licence of OJSC JSCB ...
Did you notice this big investment Google made last year? You may have missed it. After all, the U.S. space company hadn't yet earned itself a name for successfully landing a rocket on the ground just after the rocket delivered a payload in space. But the investment shouldn't be overlooked. Indeed, it may be one of Alphabet's (NASDAQ:GOOG) (NASDAQ:GOOGL) (formerly Google) boldest m...
Delta Air Lines Inc. achieved its longstanding goal of regaining investment-grade credit, following through on a priority of retiring Chief Executive Officer Richard Anderson. Moody’s Investors Service raised the airline’s senior unsecured debt rating to Baa3, the lowest investment-quality level and higher than the junk grades of rival carriers American Airlines Group Inc. and Unite...
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...
