Buried in International Airlines Group’s annual report is the news that the group has informed its lenders that is has failed to meet one of the financial covenant on a finance lease for one A340-600,...
Heathrow Airport Holdings Limited (previously BAA) announced the completion of the sale of Stansted airport to Manchester Airports Group (MAG) for £1.5bn on February 28. Heathrow Airport Holdings had ...
Lufthansa Group is planning to order 108 new aircraft – up to 100 short and medium-range aircraft and eight long-range aircraft. The carrier is in negotiations with Airbus and Boeing but the deliverie...
David Andrews has resigned from investment firm Pimco to start his own venture. “There is a huge search for yield in every fixed income asset class,” says Andrews. “When you look around your options, ...
Although Airbus has reiterated its confidence that the lithium ion (Li-ion) main battery architecture it has been developing with Saft and qualifying for the A350 XWB aircraft is robust and safe, sinc...
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...
Corendon Airlines (Turkey) has signed a five-year lease agreement for one Boeing 737-800 (MSN 32920) aircraft, delivering in February 2013, with Air Lease Corporation. Corendon Airlines is a regional ...
Japan Airlines (JAL) is seeking to replace its grounded 787 aircraft on routes between San Diego and Tokyo, which have been cancelled for the foreseeable future. JAL may use the larger 777 while the 7...
Tongan-owned domestic airline, Real Tonga, has secured the lease of two Y-12 aircraft and will start servicing Tonga's outer islands on 4 March 2013. Tevita Palu, the Chief Executive Officer of Real T...
US Airways Group full year 2012 net profit excluding net special items was a record $537 million, or $2.79 per diluted share. This is a 384% improvement over the Company's 2011 net profit of $111 mill...
R.W. Pressprich & Co, a New York-based institutional broker dealer, announced today the successful closing of $116mm Beacon Aircraft Company 2012-1. With Beacon, R.W. Pressprich & Co. assisted Airbu...
Etihad Airways, the national airline of the United Arab Emirates, was profitable again in 2012. President and Chief Executive, James Hogan, stated that the 2012 result follows Etihad Airways’ maiden p...
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