Ethiopia has chosen China Road and Bridge Corporation to build facilities for more aircraft at Addis Ababa Bole International Airport. The $66 million contract includes the construction of apron w...
Aircraft cabin parts manufacturer B/E Aerospace has closed a $750 million revolving credit facility that will mature in December 2015. The cash has been used to refinance the $343 million outstandi...
Direxion launch Direxion Airline Shares ETF (FLYX). Direxion’s first non-leveraged ETF is linked to the NYSE Arca Airline Index. FLYX, launched December 8, owns 13 stocks and the fund’s annual expe...
Hawaiian Airlines has confirmed it has repaid loans with an expanded line of credit worth as much as $75 million during the next four years from Wells Fargo Capital Finance and others. The credit ...
In an update to the story reported yesterday Doric Nimrod Air One – the new Guernsey-domiciled closed-ended fund – has raised £39,625,000 through the placing of 39,625,000 new shares. Admission of ...
Dniproavia Airlines is poised to acquire a 61.58% stake in Ukraine International Airlines for UAH 516.841 million (approximately $64.8 million). Serhiy Tkachenko, the chairman of the Dniproavia, ma...
The United Aircraft Corporation (UAC) has announced is will place RUB 46.28 billion ($1.542 billion) worth of nine-year bonds worth roubles during first quarter of 2011. Sberbank, VEB Capital and V...
State-owned Dubai Aerospace Enterprise (DAE) is selling StandardAero as part of its strategy to pay down debt. DAE is believed to be willing to take a full or part offer for the company so it could...
British Airways has announced plans to increase the frequency of flights between Glasgow to London City from next year. From June 2011, frequency of flights to Glasgow will increase from four to fi...
Stansted airport, the UK airport largely used by low cost carriers, has been hit hard by budget airlines opting for other airports. Official figures from BAA how the number of air transport movemen...
Doric Nimrod Air One, the Frankfurt-based aircraft leasing group that specialises in leasing A380s, is listing on the London Stock Exchange today. The company owns just one A380 aircraft with engin...
Flybe has raised £66 million in a stockmarket flotation. The float was oversubscribed by a factor of two to one. Flybe CEO, Jim French said he was "very pleased" that the share offer was oversubscr...
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