ST Aerospace completes investment in EADS EFW
ST Aerospace has completed its investment of 35% equity interest in Elbe Flugzeugwerke GmbH (EADS EFW). The investment was completed following the receipt of regulatory approvals and fulfilment of cus...
ST Aerospace has completed its investment of 35% equity interest in Elbe Flugzeugwerke GmbH (EADS EFW). The investment was completed following the receipt of regulatory approvals and fulfilment of cus...
Kingfisher Airlines reported a third-quarter net loss of Rs 755.17 crore – 70% more than the Rs 444.26 crore posted in the year-ago quarter. The grounded airline did not report any revenue for the qu...
AirAsia Group has announced that it carried 33.826 million passengers in 2012 – a rise of 13% from the 29.859 million carried during the previous year. The number of seats flown rose 13% also to 42.42...
Japanese investigators have announced that lithium ion battery onboard All Nippon Airways’ (ANA) 787 aircraft that failed shows signs of an “uncontrollable high temperature” associated with “thermal r...
Indonesian flag carrier Garuda Indonesia will operate into London Gatwick Airport when it resumes nonstop flights to the UK this fall. The airline will operate 6X-weekly Boeing 777-300 service between...
European consolidation is finally on the cards, but not through mergers, rather through cost cutting. Thomas Cook is merging its European businesses, while Ryanair and Flybe will together create an op...
Korean Air has closed a $149.197 million pre-funded Eximbond to finance one 777F (msn 37640). This is the airline’s first Ex-Im Bank guaranteed bond issuance and the first Ex-Im Bank guaranteed prefun...
Tony Fernandes’ AirAsia Group and Tata Sons have come to an agreement to form a joint-venture (JV) airline, bringing the Tata family back into the airline sector for the first time since 1953 when Tat...
Etihad Airways has concluded a transaction with Jet Airways to purchase the Indian carrier’s three pairs of London Heathrow airport slots for $70 million. The purchase is part of a sale and lease back...
Qantas has posted a net profit of $111 million in the six months to December 31, up from $42 million in the year-ago period. Although this triples profits, the resultare still far below analyst expect...
Garuda Indonesia has secured a two-year $70 million unsecured loan from Bank Permata. The airline has also issued an aircraft leasing tender for Hajj transportation for the year of 2013. It has reques...
Tony Fernandes, CEO of AirAsia Group has abandoned plans to set up a joint venture (JV) airline in Singapore. He tweeted: “No Singapore. We serve it well already from all our airlines. No Laos. No Bru...
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