Air Berlin launches convertible bond
Air Berlin has launched a new convertible bond of approximately €120 million with a maturity of six years. The bonds, which can be converted into Air Berlin PLC stock, are issued at 100% of nominal va...
Air Berlin has launched a new convertible bond of approximately €120 million with a maturity of six years. The bonds, which can be converted into Air Berlin PLC stock, are issued at 100% of nominal va...
Portuguese TAP Airlines has posted a 3.1% increase in profit to €16 million in 2012, up from €3.1 million in 2011. This is the fourth consecutive year that the airline has posted positive results. TAP...
Aeroflot’s CEO Vitaly Savelyev is considering several options to launch a low-cost subsidiary. One option is to transform existing Donavia into a low-cost operation but it is encumbered with an old fl...
Lufthansa and labour union Verdi are meeting to discuss wage increases. Verdi wants increases of 5.2%, a profit-sharing scheme and job guarantees, however these demands come at the same time that Luft...
Alitalia net loss widened during 2012 from of €69 million to €280 million ($370 million), worsened from a loss of €69 million in 2011. Full-year revenue rose by 3.3% to €3.59 billion. Passenger number...
South African airline Comair, which is a franchise partner for British Airways, plans to take the South African government to court over its continued funding of South African Airways following on fro...
Hong Kong Aviation Capital has acquired the second of three A330-200 aircraft today for lease to Hawaiian Airlines. “Our growing fleet of new A330s is enabling us to diversify and expand the Hawaiian...
Virgin Australia posted an underlying profit before tax of AU$61 million during the first six months of its fiscal year from AU$96.1 million in the year-ago period. Statutory net profit after tax also...
US Airways president Scott Kirby and American Airlines chief restructuring officer Beverly Goulet have been tasked with jointly directing the transition planning for the US Airways-American merger. In...
Boeing has delivered the first 777 built at the increased production rate of 8.3 per month, or 100 airplanes per year. The airplane, a 777 Freighter, was delivered to Korean Air. In the past 32 months...
Aircastle reported fourth quarter 2012 net income of $29.8 million – a drop of 16.3% compared to the same period last year. The change reflects higher net revenues of $19.7 million that was offset by ...
From March low-cost carrier Mango will start weekly flights between Johannesburg and Zanzibar to plug the gap left by 1Time when it stopped flying in December. Although this is Mango’s first route out...
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