At least 70 passengers were offloaded from a Raipur-bound Indigo flight at Rajiv Gandhi International Airport in Hyderabad on Friday night due to “unruly behaviour”, following which the passengers lodged a complaint with airport police alleging that they were harassed by the staff. Th...
Sol Líneas Aéreas (8R, Rosario, SF) staff have temporarily returned to work after the airline reached a compromise with the Argentine government concerning its immediate future. Sol ceased operations on Friday last week after Aerolineas Argentinas (AR, Buenos Aires Ezeiza) rescinded...
How did you spend your $700? That’s how much the average American driver saved at the pump in 2015, according to a report from J.P. Morgan Chase. The bank also found that the savings fueled consumer spending on non-gas related purchases, which, based on credit and debit card transactions, were higher than previously thought. For every dollar saved, Americans spent roughly $0.80 on othe...
SpiceJet today reported a net profit of INR 238.40 crore for Q3 FY16, an improvement of INR 513.42 crore over the net loss of INR 275.03 crore for the same quarter last year. This is the highest quarterly net profit the airline has reported in its history. SpiceJet has reported an operational revenue of INR 1,459.95 crore in the quarter demonstrating a growt...
Financial Highlights: Reported record fourth quarter net income, excluding special items, of $186 million, a 49% increase over the fourth quarter of 2014. Adjusted diluted earnings per share of $1.46 was a 55% increase over the fourth quarter of 2014. This quarter’s results compare to a First Call analyst consensus estimate of $1.40 per share. Reported record full-year net income, excl...
Quest Aircraft's parent Setouchi Holdings has sold a 12.5% stake in the Kodiak single-engined turboprop manufacturer to fellow Japanese company Mitsui. The equity sale gives Sandpoint, Idaho-based Quest more than $10 million in much-needed investment to help it expand its product portfolio and grow its share of the global utility aircraft market. “This investment is great...
Continued increase in air travel will benefit aircraft lessors this year but slower economic growth in key markets and increased competition will limit further profitability gains, said Moody’s Investors Service. Moody’s said its outlook for aircraft lessors is positive over the coming 12 to 18 months. The ratings agency expects that growth in air travel, strong airline operating pe...
Stonebriar Commercial Finance (SCF) has provided a $9.8m, 60 month term loan refinancing for a 15 year old Bombardier Global Express business jet. The borrower is a leading aviation company that provides a wide array of turnkey aviation solutions to an extensive and diverse client base of corporations, governments, and individuals throughout the world. Michael Amalfitano, EVP, senior managin...
Air Astana has reported net profit (unaudited) for 2015 of US$47.4million, an increase of 144% over 2014. Passenger numbers increased by 2% to 3.86 million, whilst capacity increased by 6%. Total revenue fell by 21%from US$933million to US$738.1million. Commenting on the results, Air Astana President & CEO, Peter Foster stated, “a sharp fall in revenue was more than compensated f...
Year after year, Airbus and Boeing seem to have been able to declare record orders, flying high on the back of an apparently never-ending boom. Reporting on their annual sales and delivery performances recently, however, the two global giants of commercial aviation appeared to signal that a hard landing is near. Seattle-based Boeing announced a net 768 orders in 2015, almost halving the...
easyJet plc has today received public credit ratings and intends to publish an Offering Circular for a Euro Medium Term Note (EMTN) Programme to facilitate access to new and cheaper sources of funding. easyJet has been assigned investment grade ratings of BBB+ (stable) by Standard & Poor’s and Baa1 (stable) by Moody’s which reflect the quality of easyJet’s business model,...
Goshawk Aviation Limited and Natixis announce the completion of a new USD470 million, 8-year recourse secured debt facility. The new facility will finance 17 aircraft. Natixis led the transaction as Sole Lead Arranger, Structuring Agent, and Bookrunner. Highlights New USD470 million full recourse secured facility with proceeds to be used to finance upcoming deliveries in addition to refinanc...
Finnair has secured financing, arranged by BNP Paribas, for its third Airbus A350-900 XWB, which was delivered on 30 December 2015. The transaction amounts to approximately EUR 135 million, implemented using a Japanese Operating Lease with Call Option (JOLCO) structure, where the transaction amount is treated in Finnair’s IFRS accounting as a loan and the a...
Citibank has cancelled a ZAR250 million (USD15 million) loan facility to South African Airways, reported The Africa Report. "We are aware that Citi has cancelled a 250 million rand facility to SAA and are working closely with SAA on the issue to make sure there's sufficient liquidity. We are unable to comment further," treasury spokeswoman Phumza Macanda said. The c...
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...
