We always worry when there is a rush of similar mishaps with aircraft and we are at this time witnessing far too many occurrences of metal fatigue failures in many aircraft types including the older 7...
Indonesia’s national airline Garuda posted net profits of 515.50 billion rupiah ($59.2 million) in 2010, a 40% drop on the previous year. Revenue rose 9.4% to 19.5 trillion rupiah and the airline carr...
The outlook on Qantas has been cut to negative by Moody’s following its warning that rising oil prices could hit airlines’ credit ratings. Although analysts held Qantas at a buy after its latest effor...
International Lease Finance Corporation (ILFC) has promoted Fred Cromer to president and Philip Scruggs to executive vice president. The lessor also announced that Alan Lund, who has served as vice c...
Boeing has released research conducted by Yale University’s School of Environmental Studies showing significant potential for sustainable aviation fuel based on jatropha-curcas, an oil-producing, non-...
A new shareholder rights plan has been adopted by Air Canada’s board that will make a hostile takeover more challenging. The airline was very quick to point out that this was not adopted in response t...
International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, has closed a $1.3 billion secured term loan with a group of 15 banks from Europe, Asia and No...
Mexican airline company Grupo Aeromexico is selling 91.4 million shares, including over allotments, in the primary offering where it aims to raise around 2.7 billion pesos ($227 million). The funds ar...
Hawaiian Airlines has confirmed it will keep its full schedule of flights to Japan, even though it has seen some decline in traffic since the March 11 earthquake and tsunami. “It is clear from our cur...
Macquarie AirFinance has appointed Vincent Lam as vice president marketing, Asia Pacific. He will be based in the company’s Singapore office and will report to Harry Forsythe, executive vice president...
Lufthansa’s offices were raided yesterday by German investigators in connection with an alleged fraud. Police allege at least €20 million worth of scrapped coins were sent to forgers in China where th...
Cargolux reported 2010 net income of $59.8 million, from a loss of $153.3 million in 2009 and marking its first profitable year since 2006 when it posted $82.6 million. ...
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