EADS CEO, Louis Gallois, stated yesterday that his company has not been affected by the difficulties French banks are having in securing dollar financing. He stated that foreign banks that have acc...
The Indian finance ministry has turned down Air India’s request seeking letter of comfort (LoC) for increasing the buyers’ credit limit to $288 million from Standard Chartered Bank. The ministry is r...
Terry Williams, a 42 year old mother of two, is a name that will either fade within hours of reading this comment or a name that will be remembered as the start of a cascade of claims against aircraft...
The advocate general to the European Court of Justice Juliane Kokott has stated that the European Union’s carbon emissions trading scheme (ETS) which will force non-European airlines to pay for carbon...
US carriers are estimating the new aviation departure tax proposed by the Obama administration will cost each airline approximately $100 million every year. As the world slips towards another reces...
Shares in AMR Corp, parent of American Airlines, closed down 33% yesterday as fears spread the airline was facing bankruptcy. The company has denied rumours it is seeking bankruptcy protection but ...
Boeing's 747-8 will enter service by the middle of this month after an October 12 delivery date was agreed by Cargolux. Last month the delivery was cancelled at the eleventh hour after a fuel-burn dis...
Kingfisher, unable to secure meaningful investment pledges after a two-year roadshow has this week bowed to the inevitable: cut back aspirations, cut back low cost plans and pump more of that beer mon...
Tony Tyler, director general and chief executive of the International Air Transport Association (IATA) has warned the airline industry of tough times ahead and described the slowdown in the European a...
The row over company strategy between easyJet’s board and Sir Stelios Haji-Ioannou has taken an unexpected turn, with its founder and largest shareholder telling the board yesterday that he “intends t...
Singapore-listed low cost carrier Tiger Airways Holdings said it has signed a deal to buy a 33% equity stake in Indonesia's PT Mandala Airlines. The restructured airline is due to fly soon after the a...
Airbus parent company, European Aeronautic, Defence & Space (EADS) has sought to reassure investors that lenders and leasing companies aren’t retreating from the aircraft financing market. CFO Hans ...
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