In a statement to the Shanghai Stock Exchange, Hainan Airlines outlined a plan to raise up to eight billion yuan ($1.2 billion) via a private placement of 1.247 billion shares with a set lower limit o...
Li Jiaxiang, the head of the Civil Aviation Administration of China, has stated that the country would initiate favourable tax policies to help domestic airlines open new international passenger and c...
Terra Firma, the Greg Hands led private equity fund, is considering a potential £4bn bid for RBS’s aircraft leasing business. This would mean that a merger with AWAS is on the cards if all goes to pla...
India’s three listed airlines look to have finished in the red for the quarter to June 2011 on the back of high jet fuel prices, excess capacity and fierce competition for passengers. You will reca...
Yesterday there was a purge of Avianova management. But this was not because of shoddy or lacklustre work it was a targeted coup by the Russian majority shareholder, A1, against foreign members of the...
On the 21st April 2011 we reported here that Tiger’s days were numbered after aircraft were grounded by a show clause, now it seems the end game for Tiger Airways is upon us. Australia’s grounding of ...
Giovanni Bisignani noted that international passenger load factors lifted 0.8% from May 2010 to 75.8% in May this year. The aviation sector remains positive as international airfreight volumes and pas...
Russia’s deputy transport minister said yesterday that it is ready to start relaxing its opposition to recognizing the whole 27-country bloc as one "nationality" for airlines, rather than the traditio...
Virgin America announced yesterday that it plans to equip the 30 A320neos with Leap-X engines from CFM International. The airline has also ordered CFM’s CFM56-5B engines for a simultaneous order for 3...
It is one of those days when it is hard to decide what to put on the top of the news, so please make sure you refer to the top of the European section for a large Air France order set for Paris and a ...
For the year ending March 30, 2011, Air India is estimated to have posted a record loss of Rs. 7,000 crore, which is more than $1.5 billion. The news means the beleaguered carrier’s turnaround plan is...
Steven Udvar-Hazy thinks so. At a RBC Capital Markets event in New York City, the chairman and CEO of Air Lease, set out how the global economic crisis forced competition out of the aircraft leasing s...
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