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Norwegian finalize Pre-Delivery Payment Financing for fifty Airbus 320 NEO

Bombardier stock falls below $1 as Airbus inks Iran jet deal

Bombardier shares were reduced to penny-stock status for the first time since 1991 on Wednesday as the plane and train maker continues to have trouble selling its next generation of aircraft. Bombardier shares were trading hands at 92 cents on the TSX on Thursday, a day after closing below the $1...

Boeing Reports Fourth-Quarter Results and Provides 2016 Guidance

Fourth-Quarter 2015 Core EPS (non-GAAP)* of $1.60 on revenue of $23.6 billion; GAAP EPS of $1.51 Strong operating cash flow of $3.1 billion on solid core operating performance Full Year 2015 Record revenue of $96.1 billion on record commercial deliveries Operating c...

FedEx Announces 25 Million Share Repurchase Program

FedEx Corp. announced today that its Board of Directors has authorized a new share repurchase program of up to 25 million shares of FedEx Corp. common stock. These shares may be repurchased from time to time in the open market or in privately negotiated transactions. “Since FY14, we have returned nearly $8 billion to shareowners through the repurchase of over 57 million shares, and we rem...

OPINION: Four finance lessons from Dublin

Last week, two major events in Dublin brought the biggest guns from the aviation finance community together to swap notes, debate the major issues and assess the outlook for 2016. Flightglobal – as ever – was close to the action, and these are four key themes we believe will set the agenda for the industry for the year ahead. 1. This is (still) as good as it gets At last year...

Hyderabad: 70 fliers offloaded from flight for ‘unruly behaviour’

At least 70 passengers were offloaded from a Raipur-bound Indigo flight at Rajiv Gandhi International Airport in Hyderabad on Friday night due to “unruly behaviour”, following which the passengers lodged a complaint with airport police alleging that they were harassed by the staff. The incident took place between 8.30pm and 9.00pm. The passengers, who as a group were travelling to R...

Buenos Aires gives Sol deadline to find new investors

Sol Líneas Aéreas (8R, Rosario, SF) staff have temporarily returned to work after the airline reached a compromise with the Argentine government concerning its immediate future. Sol ceased operations on Friday last week after Aerolineas Argentinas (AR, Buenos Aires Ezeiza) rescinded a long-standing Capacity Purchase Agreement which had availed ARS125 million (USD9.44 million) in f...

Airlines are raking in record profits, and they're giving a lot of it back to shareholders

How did you spend your $700? That’s how much the average American driver saved at the pump in 2015, according to a report from J.P. Morgan Chase. The bank also found that the savings fueled consumer spending on non-gas related purchases, which, based on credit and debit card transactions, were higher than previously thought. For every dollar saved, Americans spent roughly $0.80 on othe...

SpiceJet posts highest ever quarterly net profit at INR. 238 crore

SpiceJet today reported a net profit of INR 238.40 crore for Q3 FY16, an improvement of INR 513.42 crore over the net loss of INR 275.03 crore for the same quarter last year. This is the highest quarterly net profit the airline has reported in its history. SpiceJet has reported an operational revenue of INR 1,459.95 crore in the quarter demonstrating a growt...

Alaska Air Group Reports Record Adjusted Fourth Quarter 2015 and Full-Year Results and Raises Dividend 38%

Financial Highlights: Reported record fourth quarter net income, excluding special items, of $186 million, a 49% increase over the fourth quarter of 2014. Adjusted diluted earnings per share of $1.46 was a 55% increase over the fourth quarter of 2014. This quarter’s results compare to a First Call analyst consensus estimate of $1.40 per share. Reported record full-year net income, excl...

Setouchi sells 12.5% stake in Quest Aircraft to Japan's Mitsui

Quest Aircraft's parent Setouchi Holdings has sold a 12.5% stake in the Kodiak single-engined turboprop manufacturer to fellow Japanese company Mitsui. The equity sale gives Sandpoint, Idaho-based Quest more than $10 million in much-needed investment to help it expand its product portfolio and grow its share of the global utility aircraft market. “This investment is great...

Moody's: Strong sector performances support positive outlook for aircraft lessors

Continued increase in air travel will benefit aircraft lessors this year but slower economic growth in key markets and increased competition will limit further profitability gains, said Moody’s Investors Service. Moody’s said its outlook for aircraft lessors is positive over the coming 12 to 18 months. The ratings agency expects that growth in air travel, strong airline operating pe...

Stonebriar delivers $9.8m debt financing

Stonebriar Commercial Finance (SCF) has provided a $9.8m, 60 month term loan refinancing for a 15 year old Bombardier Global Express business jet. The borrower is a leading aviation company that provides a wide array of turnkey aviation solutions to an extensive and diverse client base of corporations, governments, and individuals throughout the world. Michael Amalfitano, EVP, senior managin...

Air Astana Net Profit For 2015 Increases By 144%

Air Astana has reported net profit (unaudited) for 2015 of US$47.4million, an increase of 144% over 2014. Passenger numbers increased by 2% to 3.86 million, whilst capacity increased by 6%. Total revenue fell by 21%from US$933million to US$738.1million. Commenting on the results, Air Astana President & CEO, Peter Foster stated, “a sharp fall in revenue was more than compensated f...

Aviation giants fly high even as airliner orders go into freefall

Year after year, Airbus and Boeing seem to have been able to declare record orders, flying high on the back of an apparently never-ending boom. Reporting on their annual sales and delivery performances recently, however, the two global giants of commercial aviation appeared to signal that a hard landing is near. Seattle-based Boeing announced a net 768 orders in 2015, almost halving the...

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Top of the week

Samson Sky secures $80 million to launch switchblade flying car production

Samson Sky, developer of the Switchblade Flying Car, announced it has secured an $80 million investment from Dubai‑based Matin Group. According to Sam Bousfield, CEO, Founder...

Kepplair Evolution accelerates its growth with a new €6 million funding round, bringing the total funding raised to €17.5 million

Kepplair Evolution, just days after completing the first pre‑modification flights of its prototype aircraft, has announced the closing of a new €6 million funding round — bringing total fin...