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TUI Group continues profitable growth in Q3 2014/15

China's CEFC adds to Czech buying spree with airline, brewery deals

China's sixth largest private company CEFC added to a weeklong buying spree in the Czech Republic on Saturday, announcing deals to buy a majority stake in a top brewery group and a share in an airline company in the central European country. The Czechs have sought more investment ties with th...

Los Angeles drops mortgage discrimination case against JPMorgan

Los Angeles has dropped a lawsuit accusing JPMorgan Chase (JPM.N), the largest U.S. bank, of discriminatory mortgage lending, ending the first of the city's four lawsuits accusing major banks of driving up foreclosures among minority borrowers. Disclosed in a filing on Tuesday in a California...

Unit of China's HNA to buy Avolon Holdings for $2.5 billion

Irish aircraft leasing firm Avolon Holdings Ltd (AVOL.N) said it agreed to be acquired for about $2.5 billion by Bohai Leasing Co Ltd (000415.SZ), a unit of Chinese aviation and shipping conglomerate HNA Group. Avolon shareholders will receive $31 per share in cash, which is lower than the $32 per share the companies were discussing in exclusive talks in August. Avolon said the lower price was...

PrivatAir unit acquires 30% stake in Saudia Private Aviation

PrivatAir Saudi Arabia, the Saudi subsidiary of PrivatAir (Switzerland) (PV, Geneva), has acquired a 30% stake in Saudia Private Aviation (SVA, Jeddah). The value of the transaction, which closed in July, was not disclosed. Saudi Private Aviation is the the VIP charter subsidiary of Saudia (SV, Jeddah) offering a fleet of private jets for ad-hoc char...

Juneyao Airlines nearly triples net profit in 1H

Juneyao Airlines reported a 2015 first-half net profit of CNY517.7 million ($84.5 million, nearly tripled from a net income of CNY195.3 million in the year-ago period. First-half operating revenue jumped 20.4% to CNY3.84 billion against a 5.53% increase in operating expenses to CNY2.78 billion. Juneyao’s operating revenue on international routes climbed 112.7% to CNY649.08 million....

EIB confirms GBP 280 million support for Rolls-Royce during visit to Derby

The European Investment Bank (EIB), has officially agreed to support the research and development of Rolls-Royce aero engines through a GBP 280 million long-term loan. This loan is the largest ever given by Europe’s long-term lending institution to Rolls-Royce for investment in research and development. The EIB-backed loan supports the development of the higher thrust version...

Inovent Capital and Canada Jetlines Reach Settlement

Inovent Capital Inc. (TSXV: IVQ.P) (“Inovent”) and Canada Jetlines Ltd. (“Jetlines”) are pleased to announce a settlement of the outstanding litigation between them, first disclosed by Inovent in its news release of March 12, 2015. Under the terms of the settlement, Jetlines has paid Inovent $25,000 and is required to pay a further $80,000 by September 30, 2015. In...

SkyGreece Airlines to file for bankruptcy protection and reorganization

SkyGreece Airlines (Athens) was a short-lived airline with interests in both Greece and Canada. The airline started operations on June 22, 2014 and abruptly ended all operations last month stranding passengers, especially in Canada. The company has issued this statement about its intention to file for bankruptcy protection in Canada: SkyGreece Airlines, S.A. on September 3 announced th...

Bohai Leasing agrees to acquire Avolon for US$31 cash per share

Avolon (NYSE: AVOL), the international aircraft leasing company, announces that today it has entered into a definitive merger agreement (the “Merger Agreement”) to be acquired by Bohai Leasing Co., Ltd. (SZSE: 000415) (“Bohai”) at a price of US$31 cash per common share (the “Transaction”). Under the terms of the Transaction, which has been unanimously ap...

Jet2.com announces significant investment in additional aircraft

The North’s leading leisure airline, Jet2.com, today announced the acquisition of 27 new aircraft from Boeing. The Next Generation 737-800s will be delivered over a two year period to 2018 and will be used to take package holiday and flight only customers to a range of exciting destinations across mainland Europe, the Mediterranean and the Canary Islands, as well as a host of beautiful city...

Mesa Airlines Exceeds $1 Million Paid in Employee Operational Performance Bonuses

Mesa Airlines, Inc. today announced it has exceeded $1 million paid in monthly incentive bonuses to employees since the inception of the program in May 2014. The monthly bonus program rewards Mesa employees for outstanding operational performance and top customer service scores from passengers. Since Mesa’s monthly employee incentive program began, the airline has also added 30 new E175 a...

Hawaiian Holdings Announces Investor Presentation Webcast

Hawaiian Holdings, Inc. (NASDAQ: HA) ("Company"), parent company of Hawaiian Airlines, Inc. ("Hawaiian"), announced today that it is scheduled to present at the Cowen and Company 8th Annual Global Transportation Conference on September 9, 2015.  The webcast is scheduled to begin at approximately 2:50pm Eastern Time. The call will be open to all inter...

Kenya Airways Gets US$240 Million in Loans from Government, Afreximbank

Kenya has provided a 4.2 billion shilling (US$40 million) loan to loss-making Kenya Airways , the country's finance minister said, while African Export-Import Bank (Afreximbank) has approved a US$200 million bridging loan for the airline. The money is needed to support Kenya's national carrier, which has not made a profit in three years because the country's tourism industry ha...

Aeroflot to buy 75%, plus one share, of Transaero

Russia’s Aeroflot, which revealed plans to buy Transaero Airlines Sept. 1, will acquire 75% plus one share of Transaero for RUB1 (1.53 US cents), TASS news agency reported, quoting Russia’s deputy prime minister Igor Shuvalov. If the transaction is approved by Aeroflot’s board of directors, Aeroflot Group will get half the Russian airline market. The deal follows...

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AerCap orders 100 additional Airbus A320neo family aircraft

AerCap has signed a firm order with  Airbus for 23 A320neo and 77 A321neo aircraft. This transaction underscores AirCap’s strategy of investing in the world's most in-demand, fuel-effic...

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MTU Maintenance Lease Services invests in TRecs to digitalise engine transition management

MTU Maintenance Lease Services, the engine leasing and asset management arm of MTU Maintenance, announced a strategic minority investment in TRecs . TRecs is a platform digitalising Open Ite...

WingsLeasing signs dry lease agreement with University of Nebraska-Kearney flight school

WingsLeasing announced the signing of a dry lease agreement of seven Tecnam P-MENTOR aircraft for the University of Nebraska-Kearney flight training program, marking a significant step forward in resh...

Emirates breaks ground on US$ 5.1 billion ultra-modern engineering facility at Dubai South

Emirates has broken ground on its new US$ 5.1 billion engineering complex at Dubai South slated to become the world’s most modern and advanced MRO facility, cementing Emirates' and Duba...

AURA AERO scales up: Series B completed, first firm orders, and two industrial sites to be built in France and the U.S.

AURA AERO is entering a new phase. Thanks to a new €50 million funding round, grants secured in France and Europe, and financial support from the State of Florida for its U.S. plant, AURA AERO ha...

Aviation Capital Group orders 50 Boeing 737 MAX aircraft

Boeing and Aviation Capital Group LLC announced the airplane lessor has placed a new order for 50 737 MAX jets, including 25 737-8 and 25 737-10 airplanes. The acquisition of 50 additional jets i...

AerCap orders 100 additional Airbus A320neo family aircraft

AerCap has signed a firm order with  Airbus for 23 A320neo and 77 A321neo aircraft. This transaction underscores AirCap’s strategy of investing in the world's most in-demand, fuel-effic...

Vertical Aerospace insiders increase their shareholding in EVTL by 50% in November

16 members of Vertical Aerospace Board of Directors and senior leadership team completed open-market purchases of the Company’s ordinary shares over a two-week open trading window period in Nove...