SpiceJet has reported a net profit of 94.4 crores for the quarter ended December 2010 with a 10% improvement in EBITDA to 114 crores over the same period previous year. SpiceJet has posted a profit...
All Nippon Airways has stated that it will postpone the start of its low-cost air carrier, First Eastern, until next month or later due to a delay in the final negotiations with investor Hong Kong'...
Indian Airlines will cease to exist this weekend and all its flights will be transferred to the unified Air India or AI code. The two airlines were merged by the government in August 2007 but integ...
Cathay Pacific has filed an appeal against the £57.1 million fine imposed by the European Commission (EC) for being involved in an illegal cartel. Although the airline was found guilty along with te...
The Indonesian government has downsized the initial public offering of the national flag carrier Garuda Indonesia amid uncertainty in the local stock market over recent weeks. At the same time the ...
Virgin shares fell by nearly 6% on the news that the airline could lose more than halve its predicted first half year profits due to the floods in Australia. Air New Zealand acquired a 14.99% stak...
Bangladeshi carrier GMG Airlines has added a Boeing 767 to its fleet on lease from GECAS. The new aircraft, which has been taken on lease for 36 months, is going to be used on new international rou...
BOC Aviation, the aircraft-financing unit of Bank of China, is considering ordering more aircraft from Airbus and Boeing this year. Robert Martin, CEO, said the lessor was aiming to increase its ass...
The Indonesia government has put just 24% of the state-owned airline PT Garuda Indonesia up for sale after shares in the airline failed to reach the desired price. Investors were unable to overlook...
Virgin Blue has stated that it expects its first-half net profit to fall by 63% over a year ago due to the floods in eastern Australia as well as a consumer slowdown. It said its first-half net pro...
Garuda’s high guide price for its initial public offering has been raising concerns with investors, which is leading some to suggest that the airline might raise far less than the $1 billion it hop...
Privately-owned Spring Airlines is planning launch an initial public offering (IPO) on the Chinese stock market. The airline is reported to be consulting UBS Securities for details and has filed in...
We're Social