News

Intrepid Aviation has closed a $100m revolving pre-delivery payment (PDP) financing facility with Citi to cover payments for eight new A330s to be delivered in 2014 and 2015. This deal an extension of...

Air Canada is reported to be progressing well with its plan to issue a EETC to finance four With average EETC coupons falling significantly on the back of extremely strong capital markets, Air Canada ...

Air Canada has posted an adjusted net loss of approximately $143 million versus an adjusted net loss of $162 million in the first quarter of 2012. It’s net loss of approximately $260 million versus a ...

Grupo Aeromexico, the largest intercontinental airline in Mexico, has reported record revenues of $9.174 billion pesos in the first quarter 2013; a 0.4% year-on-year increase, despite the fact that th...

The US Department of Transportation’s Bureau of Transportation Statistics (BTS) reported that US airlines carried 55.3 million scheduled systemwide passengers in January 2013, 1.6% more than in Januar...

Hawaiian Holdings has posted an adjusted net loss, reflecting economic fuel expense, of $14.8 million or $0.29 per diluted share. GAAP net loss was $17.1 million or $0.33 cents per diluted share. The...

Delta Air Lines net profit for the March 2013 quarter was $85 million, or $0.10 per diluted share, excluding special items. This result is a $124 million improvement year-over-year. Including $78 mil...

US Airways Group first quarter 2013 net profit, excluding net special items, was a record $55 million, or $0.31 per diluted share. Net loss, excluding net special items, for the first quarter 2012 was...

Iranian airline SAHA has been grounded by the Civil Aviation Organization of Iran due to the age of its aircraft. SAHA owns four planes, including three Boeing 707s with an average age of 36.8 years. ...

Fastjet has entered into an MoU with Don Smith, CEO of Five Forty Aviation Limited which trades in Kenya as Fly 540, with a view to resolving recent disputes and establishing a way by which the two pa...

Gulf Air, Bahrain’s national carrier, has announced that during the first quarter of 2013, it reduced its overall losses by approximately 50% compared to the first quarter of 2012. This was realised p...

Charles Taylor Aviation Asset Management (CTAAM) has strengthened its team with the appointment of two Aviation Surveyors and a Technical Auditor. Gyorgy Ujlaki, Aviation Surveyor brings over 30 yea...