Russian Finance Minister Alexey Kudrin stated yesterday that Russia is open for foreign investments, including those into large companies with the participation of the state. The minister also again c...
Air France KLM CEO Pierre Henri Gourgeon, British Airways CEO Willie Walsh and Deutsche Lufthansa AG’s Wolfgang Mayrhuber are among executives scheduled to attend a meeting of the Association of Europ...
Philippine low cost carrier Cebu Pacific announced on Friday that it hopes to raise up to 26.83 billion pesos ($620 million) in its initial public offering. The final offer price has been set at 125 p...
Although Air India has already been infused with Rs 1,200 crore to help pay down its debt, indications are that the airline will need to ask for another Rs 2,000 crore from the Indian government in th...
Jazz Air Income Fund announced details on Friday of a proposed conversion of the Fund from an income trust to a corporate structure. Subject to certain approvals, units of the Fund will be exchanged f...
Delta, American, Southwest, Air France-KLM and British Airways are among a group of airline that have joined in a protest against export credit subsidies for non-home countries that buy Boeing and Air...
UBS analysts have cut profit prediction for Westjet’s for 2010-2012 by 16% due to the airline’s “significant” expansion plans that could impact load factor expansion. However, the brokerage’s forecast...
Work on the expansion of Prince Muhammad bin Abdulaziz International Airport in Madinah, Sauid Arabia, is expected to start early next year. Financing for the multi-billion dollar site is being fought...
Air India, in the midst of a Rs.2,000 crore government bailout, could post a positive operating profit at the end of its annual year in March 2011. Even though the airline posted an operating loss of...
Private airline company Sriwijaya Airlines has announced it is to purchase 10 new 737-800 NG aircraft to serve new international and domestic routes. The deal is expected to sign next week. Delivery o...
United Continental Holding, parent of United and Continental airlines, in its SEC filing has disclosed that its CEO Jeffery Smisek will get an annual salary of $975,000 and could be paid a bonus of up...
Capital Lease Aviation's net profits rose 18.5% to $3.8million in the year to the end of June. Revenues increased to $16.4 million from $10.4 million and total assets rose to $103.1 million from $68.4...
We're Social