MYTECHNIC BUOYED BY CHINESE AND US INVESTMENT
Chinese diversified services company, HNA Group Company (HNA) and New York-based Bravia Capital, has signed an agreement to acquire a stake in Turkish MRO centre myTECHNIC. Opened in 2008, myTECHN...
Chinese diversified services company, HNA Group Company (HNA) and New York-based Bravia Capital, has signed an agreement to acquire a stake in Turkish MRO centre myTECHNIC. Opened in 2008, myTECHN...
A Ural Airlines aircraft landing at Yekaterinburg’ s Koltsovo Airport on Saturday overshot the runway due to icy conditions. The A321 plane was cleared for landing with air traffic controllers confi...
Phil Wyatt, who owns 40% of Viking airline has sacked 100 employees while the airline restructures, leaving many owed money, UK media reports. Wyatt previously ran the XL travel company which filed ...
Chief executive Steve Ridgway has quashed rumours that Virgin Atlantic is seeking to form a closer alliance with Virgin Blue. Market rumours have suggested the British airline could seek to work clos...
Christoph Mueller, chief executive of Aer Lingus has stated that the airline is back on track and set to post its first annual profit for three years. Forecasts have predicted the Irish airline wou...
Sukhoi’s Superjet 100 made its first test flight yesterday. Pilots Alexander Ivanov and Alexander Kochetkov tested the engines, systems and equipment performance having confirmed the aircraft chara...
Air Berlin has announced it will issue €150 million ($209.5 million) worth of bonds with a subscription period of November 2–5. it has also added an option to raise the figure by up to €50 million....
Fly Leasing posted strong third quarter results for 2010. Adjusted net income was $14.1 million, excluding $1.9 million of share-based compensation, with net income of $12.2 million. Generated avai...
Aircastle has reported its third quarter results for 2010 with net income of $8.6 million and adjusted net income of $12.6 million. The results include pre-tax impairment charges of $7.3 million re...
Lufthansa and Colombian flag carrier Avianca has signed a codesharing agreement. The deal, which was signed by Stefan Lauer, CEO group airlines and corporate human resources at Lufthansa and Fabio V...
Eurocypria, the Cypriot state-owned charter airline, is ceasing operations to eliminate competition to Cyprus Airways. A Cyprus government spokesman says the island cannot support two charter airli...
Arkia Israel Airlines, Israel’s second largest airline after El-Al, is in talks to acquire a 30% stake in Montenegro Airlines. Milo Đukanović, the Montenegrin Prime Minister, and Predrag Nenezić, th...
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