Lufthansa cuts profit target
Based on preliminary figures, Deutsche Lufthansa generated revenues of €15.0bn in the first half of 2016 compared to €15.4bn in the prior-year period. The Adjusted EBIT came to €529m compared to €468m...
Based on preliminary figures, Deutsche Lufthansa generated revenues of €15.0bn in the first half of 2016 compared to €15.4bn in the prior-year period. The Adjusted EBIT came to €529m compared to €468m...
National carrier Kenya Airways has posted a Sh26.2billion after tax loss for the full year ending March 2016 compared to a Sh25.7 billion after tax loss. The deeper loss has complicated the airline’s ...
As reported last week: China Aircraft Leasing Group Holdings Limited (CALC) has closed its first Japanese Operating Lease with a Call Option (“JOLCO”) financing related to two new Airbus A320 delivere...
The Hong Kong Aircraft Engineering Company (Haeco) and the Airport Authority Hong Kong (AAHK) have threatened to seize a 747-400 (msn 26548) belonging to Orient Thai Airlines for non-payment of MRO a...
GE added the CFM56-7B engines that power 83 Southwest Airlines Boeing 737-700 and -800 aircraft to the existing TrueChoice FlightHour agreement for engine maintenance, repair and overhaul, bringing mo...
United Continental has reported net income of $588 million, or $1.78 a share, on a 5.2% slide in overall revenue to $9.4 billion. Its earnings per share of $2.61 beat Wall Street estimates only slight...
New airline, Fly Blu Crane, plans to begin flying from Mthatha to Johannesburg from October 1. The airline is offering fares of R799, far below the current rate of more than R3000 to Johannesburg. Fly...
Monarch Aircraft Engineering Limited (MAEL), the engineering division of Monarch, a leading UK independent airline group, has signed an agreement with Norwegian to provide line maintenance services to...
SMBC Aviation Capital’s wholly-owned subsidiary, SMBC Aviation Capital Limited DAC, has closed the sale of $500 million of its 2.65% senior unsecured notes due 2021. The notes are fully and unconditi...
Wizz Air has posted record profitability for the first quarter of the year with 18% passenger growth and a 9.8% increase in revenue. Ticket revenues increased 3.0% to €212.0 million, with ancillary in...
Sumitomo Mitsui Trust Bank (SuMi Trust), and Novus Aviation Capital have announced the launch of the US$200 million Ortus Aircraft Leasing Fund (Ortus). Novus is co-sponsor in Ortus and will provide ...
The Malaysian Aviation Commission (Mavcom), set up in March, may charge up to 1 ringgit (Bt8.80) per airline passenger to fund its operations. This could generate more than 83.5 million ringgits a yea...
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