Lan to invest in cargo and passenger fleet
Lan Airlines is planning to invest some $7.72 billion in the next seven years to more than double its cargo and passenger fleet. The Chilean airline yesterday posted record third quarter profits on th...
Lan Airlines is planning to invest some $7.72 billion in the next seven years to more than double its cargo and passenger fleet. The Chilean airline yesterday posted record third quarter profits on th...
Cebu Air has raised 23.3bn pesos ($560 million) from its initial public offering. This is the biggest ever IPO for a Philippine firm in dollar value, and the largest since 2005 in pesos. Moreover on i...
DVB Bank and ICBC Financial Leasing (ICBCFL), a wholly-owned subsidiary of Industrial and Commercial Bank of China (ICBC), have closed a five-year $162.8 million term loan facility. In September 2010,...
Air China, China Southern Airlines and seven other Chinese airlines is raising its passenger fuel surcharges. China Southern announced in a statement that it will charge 70 yuan for flights of more th...
A report prepared KFHR Limited, a subsidiary of Kuwait Finance House (KFH), has stated that Islamic finance deals have contributed to the growth of the aviation sector in the region. KFHR expects more...
Air France-KLM Group has raised its full-year forecast following a strong third quarter. The group now expects to post a positive operating profit when it had been expecting only to break even. The ai...
JetBlue shares led the charge in airline stocks yesterday. The NYSE Arca Airline Index rose by 47.94 points on news of positive earnings for all US airlines and the announcement of the US-Japan open s...
Aside from announcing more than 200% increase in profits, Waha Capital has acquired a 20% stake in the Dutch aircraft lessor AerCap. Under the deal, Waha will acquire approximately 29.8 million shares...
Abu Dhabi-listed Waha Capital posted a third-quarter net profit of 37 million dirhams ($10.1 million), compared to just 2 million dirhams in the same period for 2009. Waha funds real estate and leasin...
Blighted by strikes and fuel protests, it is no surprise that French airlines are complaining about the cost. Lionel Guerin, head of the airline industry trade association FNAM and chief executive of ...
Garuda Indonesia IPO, previously scheduled for December 2010, is on track for launch in early February 2011. The airline is forecasting a net profit of 3.7 trillion rupiah in 2014, up from 669 billion...
Shares soared in China Southern Airlines after its nine-month profit rose more than 15-fold. The airline expects to report the profit increase after passenger numbers rose 22% in the same period. It a...
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