JG Summit, the parent of Cebu Pacific, is reported to have bought 300,000 shares of its airline unit last week following its share price dropped by 25%. “This is a reflection of our confidence in ...
Southwest Airlines has narrowed down its search for a new reservation systems provided to Amadeus and Sabre Holdings. Amadeus shares fell on the news by 1.2% suggesting it is not the favourite. ...
Airline stocks came under pressure in trading yesterday. Cathay Pacific Airways tumbled 7.2% to HK$22. The stock has been among the best performers in Hong Kong this year with a rise of more than 50%....
French aerospace components group Zodiac Aerospace revenue grew 35.6% in its fiscal first quarter, which has led the group to reaffirm its financial targets for the full fiscal year ending August 31, ...
Flybe, the UK’s largest regional airline, had a turbulent first day of full trading on the London Stock Exchange as the market was dulled by the news coming out of the Euro zone and the UK jobs market...
Three US airlines are ranked in the country’s top 401(k) plans. Southwest, United Airlines and American Airlines all feature in the top 43 US 401k plans compiled by independent datatracker BrightSc...
Ethiopia has chosen China Road and Bridge Corporation to build facilities for more aircraft at Addis Ababa Bole International Airport. The $66 million contract includes the construction of apron w...
Aircraft cabin parts manufacturer B/E Aerospace has closed a $750 million revolving credit facility that will mature in December 2015. The cash has been used to refinance the $343 million outstandi...
Direxion launch Direxion Airline Shares ETF (FLYX). Direxion’s first non-leveraged ETF is linked to the NYSE Arca Airline Index. FLYX, launched December 8, owns 13 stocks and the fund’s annual expe...
Hawaiian Airlines has confirmed it has repaid loans with an expanded line of credit worth as much as $75 million during the next four years from Wells Fargo Capital Finance and others. The credit ...
In an update to the story reported yesterday Doric Nimrod Air One – the new Guernsey-domiciled closed-ended fund – has raised £39,625,000 through the placing of 39,625,000 new shares. Admission of ...
Dniproavia Airlines is poised to acquire a 61.58% stake in Ukraine International Airlines for UAH 516.841 million (approximately $64.8 million). Serhiy Tkachenko, the chairman of the Dniproavia, ma...
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