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...
Sterling Global Holdings has offered more than $3 billion to buy out the parent company of American Airlines, AMR. The firm is said to be investigating the offer to see if it is legitimate. Dallas Mor...
Finnair has bought a minority shareholder in Helsinki-based cargo airline Nordic Global Airlines (NGA). Finnair is hoping the deal will give it additional, cost-efficient cargo capacity for use especi...
Air India is considering freezing pay rises and additional allowances to employees until the process of its merger with Indian Airlines has been completed. Arvind Jadhav, chairman and managing directo...
Columbia’s largest airline by market share, AviancaTaca, has launched an initial public offering for about $250 million. The offering represents 11.1% of the company. The proceeds will be used to help...
The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, 23 March 2011 in Tunis, a U.S.$ 40-million second lien corporate loan to Ethiopian Airlines to support the purchase...
Engineer Senior has acquired Boeing aircraft engineer specialist, Damar Machine Company, for $24.5 million. The Washington DC-based manufacturer specialises in air beams, wing skins, stow-bin parts, ...
Emirates airline announced yesterday that it has repaid a $500m bond in full on its maturity date March 24, 2011. According to a statement by the world’s third largest carrier, the bond, listed on the...
Fitch Ratings has affirmed the debt ratings of AMR Corp. and its principal operating subsidiary American Airlines, Inc. as follows: AMR: Issuer Default Rating (IDR) at ‘CCC’; Senior Unsecured Rating a...
Boeing has stated that it will consider increasing its dividend in 2012 and repurchasing shares as its cash flow improves following deliveries of the 787 and the 747-8. James Bell, Beoing’s CFO said d...
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