Kenya Airways reported a net loss of Sh38.36bn, almost more than double than last year in FY ending December 2022 citing rise in financing costs after the government took over servicing one of the dol...
The new restructuring plan of Kenya Airways under President William Ruto is about to receive government’s nod of approval soon. This plan will replace the initial plan that was introduced by the previ...
The Greater Toronto Airports Authority (GTAA) said 2022 passenger numbers through its airports "significantly increased" compared to 2021. The 181% year-on-year increase took traffic to 35.6 million p...
Mystifly concluded Pre-Series B funding with Cornerstone Venture Partners (CSVP) bringing the total of this round to $8 million combined with earlier investments. Earlier investors include RSI Fund I....
Copa Holdings, the parent company of Copa Airlines, has approved a 2023 quarterly dividend payment of 82 cents per share "Dividends will be distributed during the months of April, June, September and ...
Icelandic airports operator Isavia reported a 75% year-on-year rise in revenue in 2022 to over ISK 36bn (US$ 260 million) as passenger numbers through Keflavik Airport nearly tripled to 6.1 million an...
Illinois-based aviation services company AAR recorded third quarter fiscal year 2023 (Q3 FY 2023) sales of $521 million, up 15% year-on-year. The sales contributed to GAAP diluted earnings per share f...
State-run carrier TAP Air Portugal made a €65.6 million profit in 2022 after taking in revenue of €3.5bn and carrying almost 14 million passengers. The return to profit came after a loss of almost €1....
Aéroports de Paris (ADP) and GMR Airports Infrastructure Ltd. agreed to fold their joint-venture company into GMR, giving ADP a liquid stake in a business that owns airfields in India. ADP owns 49% an...
Virgin Australia is planning to delay its initial public offering (IPO) and relisting on the Australian share market by about six months. Anton Tagliaferro, manager, Mutual Funds, said: “Global bankin...
Airbus has reported transactions covering 321,086 shares between March 13 and 17 as part of its share buyback programme running for a month to March 27. The shares were sold at a daily average weighte...
The Russian Government has set aside about $3.918 bn for purchasing foreign aircraft leased by Russian airlines, reports TASS. In a meeting of the Committee on Transport and the Development of Transpo...
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