TransDigm Group is raising senior subordinated debt of $780 million due in 2018 to part finance the acquisition of McKechnie Aerospace Holdings. The loan will also be used to repay a portion of deb...
Caribbean Airlines had made a downpayment of $1.8 million to ATR for its $200 million order of nine new turbo prop aircraft. Details of the deal were revealed in an attorney's letter on behalf of fir...
Copa Airlines has been revealed as having ordered 22 737-800 aircraft. The order has been listed on Boeing’s website but only as an unidentified customer. The new aircraft, are scheduled for deliv...
Aerolineas Argentinas, the Argentine national air carrier, has agreed to join the SkyTeam network in 2012. The airline will be the first South American airline to join the alliance. Aerolineas Arg...
Royal Jordanian has signed a five-year deal to migrate to the SITA Airfare Insight fares pricing platform. It is the third Middle Eastern airline to use SITA to ensure the best fares for passengers...
Virgin Atlantic has created 200 jobs through the establishment of a call centre handling its customer inquiries. Welsh deputy first minister Ieuan Wyn Jones said the new facility provides “an import...
Lufthansa has announced it will offer Internet access on almost all of its flights by the end of next year. The airline, which will offer the service first on its North American routes, is using the...
UK airline Flybe is set to launch an initial public offering (IPO) in December. Market rumours suggest the IPO will price the airline at £250 million, with some £60 million likely to be raised by th...
The cabin crew strike, which has forced Finnair to cancel more than 100 flights, will result in a loss for the Finnish flag carrier for this fiscal year. Finnair shares fell 3.5%, while shares in S...
Unite, the union representing British Airways cabin crew, has said it wants the immediate restoration of staff travel concessions to crew who lost them, the restoration of sick pay to those off ill...
Willie Walsh, chief of British Airways, has stated that the newly merged International Airlines Group wants to “lead the industry’s consolidation”. The merger between BA and Iberia was unanimously ...
At Marketforce and the IEA’s The Future of Air Transport conference held in London this week, the question was raised whether legacy carriers should withdraw from all short haul services, finally cedi...
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