Skywise will begin operations between Johannesburg and Cape Town in the second half of 2013 with the promise to cut the costs of flying domestically in South Africa by as much as 20%. The statement co...
Being widely reported is the news that Emirates is meeting with investors for a possible sale of Islamic bonds. Citigroup, Standard Chartered, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai ...
David Andrews has resigned from investment firm Pimco to start his own venture. Timelines are yet to be agreed but industry friends have been quick to wish him well. Greg Lee of Goldman Sachs says: “D...
El Al is planning to lay off some 200 temporary employees as part of its drive to reduce costs. El Al employs about 5,800 people, some 2,000 are temporary workers. The airline will hold talks with the...
Reports are emerging that Bahrain Air failed to transfer passenger fee revenues to the government regularly and had accumulated debt of more than BD2 and a fuel debt of BD15m among others. The airline...
Royal Air Maroc is the largest lessee exposure at 16.2% in GE Capital Aviation Services' $650 million asset backed securitisation (ABS), which closed in January. The top 5 lessees include Royal Air Ma...
Summer 2013 will see talks begin between the EU and the United States on producing a free-trade agreement that would give birth to the largest free trade zone on the planet, significant enough to add ...
Bahrain Air has shut down operations and intends to sell its assets after struggling with debt and tough competition. All Bahrain Air flights have been canceled. The carrier has blamed the government ...
Air Namibia is preparing to present a rescue plan to the Cabinet treasury committee on the short- and long-term viability of the national carrier. The government allocated an amount of N$822 million t...
SAA’s planned R1.5 billion debut bond issuance will be backed by a government guarantee. The sale is planned for March to take advantage of near record low yields. Because SAA has already borrowed R1....
Sheikh Ahmed bin Saeed Al Maktoum, chairman of FlyDubai, has indicated that the low-cost carrier is in talks with Boeing and Airbus concerning a possible order for 50 narrow-body aircraft. An announce...
Four Sukhoi Superjet 100s owned by Aeroflot that were temporarily grounded due to technical reasons, will resume operations before the end of February. Sukhoi Civil Aircraft Company (SCAC) has confirm...
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