Emirates has come out on top again as the world's most valuable airline brand, according to the 2016 Brand Finance Global 500 report, which was released yesterday. The airline’s brand value grew 17% over last year to reach US$ 7.7 billion. For the fifth year running, the airline has ste...
A bomb threat on a plane preparing to leave Faro airport in Portugal's southern region of Algarve for Lisbon forced the evacuation of 38 passengers early on Tuesday, a spokesman for TAP said. "There was a bomb threat and the plane was handed over to the authorities for inspection. The pa...
Boeing Capital projects that airlines and lessors generally will encounter few problems acquiring aircraft financing this year. It describes the market as healthy as order books remain strong, industry growth continues to outstripGDP and airlines continue to turn more profits than they have in decades, all the while low fuel prices offset the effects on economies of the commodities crisi...
Yakutia Airlines will receive 800 million roubles (USD10.57 million) in state subsidies from the government of the Sakha Republic (Yakutia) to cover its leasing costs for this year. CEO Olga Fedorova told Russia's TASS news agency that the airline's financial health is a key concern for both management and government. In line with plans to increase its share capital and attract a str...
In relation to the share buy-back programme (the “Buy-back Programme”) pursuant to the announcement made on 30 June 2015, following the purchase made on 29 January 2016,INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. (“IAG” or the “Company”) has concluded this Buy-back Programme in accordance with its terms. Under this Buy-back Programme, the C...
Ryanair, Europe’s favourite airline, today (Feb 1) announced Q3 profits of €103m, a 110% increase on prior year. Traffic grew 20% to 25m as ave. fares fell 1% to €40 (load factors rose 5% points to 93%) while unit costs fell by 5% (ex-fuel down 1%). Ryanair’s CEO, Michael O’Leary, said: “We are pleased to report that our low fares policy delivered stron...
Iran expects to finalise within days a deal to buy up to 40 planes from ATR, the European manufacturer of turboprop aircraft, a deputy transport minister said Saturday. “We discussed the deals in Italy and France and ATR officials are expected in Tehran in the coming days to complete the agreement,” Asghar Fakhrieh Kashan said. “There will be 20 firm and 20 optional orders,...
American Airlines reported a record profit for the fourth quarter and all of 2015 as a sharp drop in fuel prices more than offset lower revenue. The world’s biggest airline said Friday that its earnings were the highest ever for any carrier. American Airlines Group Inc. posted net income of $3.28 billion in the fourth quarter, but the results were inflated by a huge accounting gain fro...
The $400 billion economy is the second-largest in the Middle East after Saudi Arabia. Less than a fortnight after a decade of crippling economic sanctions on Iran ended, President Hassan Rouhani is being treated to red carpets, dinners with top CEOs and billion-dollar deals in Europe. In Italy, accords worth $22 billion covered industries from natural gas to high-speed rail, while in France...
Honeywell International Inc. posted profit that matched analysts’ estimates as aerospace sales increased, bolstered by deliveries of jet engines, and overall margins expanded amid cost cuts. Earnings excluding pension adjustments increased to $1.58 a share, the maker of thermostats and factory-automation software said in a statement Friday. Sales, hurt by lower demand for oil-and-gas equi...
Arctic Aviation Assets Ltd (AAA), a wholly owned subsidiary of Norwegian Air Shuttle ASA(Norwegian), has arranged for pre-delivery payment financing (PDP) of fifty Airbus 320 Neo aircraft scheduled for delivery in 2016 to 2019. The facility that covers PDP financing for deliveries until the end of 2019 is structured as a revolving credit facility. ‘These deliveries in the n...
Bombardier shares were reduced to penny-stock status for the first time since 1991 on Wednesday as the plane and train maker continues to have trouble selling its next generation of aircraft. Bombardier shares were trading hands at 92 cents on the TSX on Thursday, a day after closing below the $1 level for the first time in 25 years. If a company falls below $1 per share on some major exchan...
Fourth-Quarter 2015 Core EPS (non-GAAP)* of $1.60 on revenue of $23.6 billion; GAAP EPS of $1.51 Strong operating cash flow of $3.1 billion on solid core operating performance Full Year 2015 Record revenue of $96.1 billion on record commercial deliveries Operating cash flow increased to $9.4 billion; strong liquidity of $12.1 billion in cash and marketable securit...
FedEx Corp. announced today that its Board of Directors has authorized a new share repurchase program of up to 25 million shares of FedEx Corp. common stock. These shares may be repurchased from time to time in the open market or in privately negotiated transactions. “Since FY14, we have returned nearly $8 billion to shareowners through the repurchase of over 57 million shares, and we rem...
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...
