People's United Bank has established a new business aviation division which will operate under the bank's People's Capital and Leasing Corp. (PCLC) unit. PCLC, which will be headed by vice president...
The jet engine that exploded in mid-air on a Qantas long-haul flight has cost Rolls-Royce £56million. RR confirmed yesterday that the blow-out in one of its Trent 900 engines on an Airbus A380 flyin...
German carmaker Daimler has been placed under formal investigation in France over alleged insider trading in Airbus parent EADS. A French judge has already placed seven current and former EADS execu...
Shares in the newly-merged International Consolidated Airlines Group (ICAG) tanked 8.6 to 251p yesterday after its peer airline group Air France-KLM issued a profit warning for its full year earning...
Analysts have upgraded Southwest Airlines from Overweight to Buy. Over the last 52 weeks the stock has ranged from a low of $10.42 in July to a high of $14.32 in November. Southwest Airlines stock ...
Aircell has closed $35 million in private equity financing. The funds will be used to fund growth in commercial aviation markets, including increasing its base of installed airline-operated aircraf...
TUI Group is reported to have issued a request for proposal (RFP) for nine 737-800s. The travel company’s order for 50 737-800s was announced in May 2007 along with an order for 11 787s. The TUI G...
Due to a claim of $7 million for its damaged turboprop ATR that flew from Bhavnagar to Mumbai in 2009, Kingfisher Airlines can expect higher insurance premiums when its policy is renewed in June. H...
The Karnataka government is looking at Rs 10,000 crore investments in the aerospace sector by the end of next year, a top official has confirmed. "From the present Rs 5,000 crore in aerospace secto...
PT Garuda Indonesia (Persero) and Standard Chartered Bank have closed a sale and leaseback agreements for four Boeing 737-800s. The bank assisted the airline in acquiring and leasing the aircraft t...
Indonesian airline Lion Air is aiming to raise more than $1 billion in an initial public offering (IPO) in 2012. Rusdi Kirana, chief executive told Reuters, that the airline plans to use the “IPO mo...
Alcoa has announced it will acquire the Aerospace Fastener Unit from TransDigm for $240 million. The acquisition is a part of its $1.27-billion acquisition of McKechnie Aerospace Holdings late last ye...
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