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China Minsheng Investment Seeks to Buy U.S. Private-Jet Company

Airbus Group Reports Strong Nine-Month (9m) 2015 Results

Commercial aircraft market robust with book-to-bill above 1 Single-aisle aircraft production rate to increase to 60/month in mid-2019 Board of Directors approves € 1 billion share buyback for completion by mid-2016** Airbus Group SE (stock exchange symbol: AIR) reported strong n...

JAL Group Announces Consolidated Financial Results

JAL Group (JAL) today announced the consolidated financial results for the first six months of the fiscal year of 2015 – the period from April 1 to September 30, 2015. For the details, please refer to attached [Consolidated Financial Results for the Six Months Ended September 30, 2015]....

Lufthansa profits increase but Cargo makes a loss

Lufthansa Group has seen profit increase by 262.7 per cent to 1.7 billion euros ($1.9 billion) helped by selling its stake in JetBlue, the Cargo division making a loss in the third quarter. The Group says 500 million euros of the 1.7 billion euros profit came from selling its equity stake in JetBlue in the first half of 2015. Revenue for the whole airline in the first nine months of 2015 increa...

CALC Completes Five A320 Aircraft Deliveries to Air India in 2015

China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, stock code: 01848.HK), the largest independent operating aircraft lessor in China, completed the delivery of the fifth A320 aircraft to Air India Ltd. (“Air India”) at the facilities of Airbus in Toulouse, France on 28 October 2015, marking the 56th delivered aircraft of CALC’s fleet....

Low Fuel Prices Help Air China Nearly Double Profits

Air China said on Thursday its net profit jumped 98.1 percent from a year earlier in the first nine months thanks to lower fuel price and robust travel demand. Air China made 6.28 billion yuan (US$988.17 million) in January-September, in line with its own forecast. It made 3.17 billion yuan a year earlier, according to a stock exchange filing. Air China's Hong Kong-listed shares closed d...

Hainan Airlines 3Q Net Profit Falls 37%

Hainan Airlines Co., Ltd. (HU), one of China's four major air carriers, Thursday reported a third-quarter net profit of 887.33 million yuan, down nearly 37 percent compared to a net income of 1.41 billion yuan in the year-ago. The 3Q revenue increased to 10 billion from 9.81 billion yuan in the same period last year, but net profit fell 36.85 percent to 887.33 billion yuan, due to depr...

SWISS posts CHF 187 million EBIT for the third-quarter period

SWISS achieved earnings before interest and taxes (EBIT) of CHF 401 million for the first nine months of 2015, a 59% increase on the same period last year. The company posted an EBIT of CHF 187 million for the third-quarter period, a 36% year-on-year improvement. The substantially-improvedEBIT results are attributable in particular to low oil prices and the...

Northrop Grumman, net earnings increase by 9% in 3Q 2015

Northrop Grumman Corporation reported third quarter 2015 net earnings increased 9 percent to $516 million, or $2.75 per diluted share, from $473 million, or $2.26 per diluted share in the third quarter of 2014. Third quarter 2015 diluted earnings per share are based on 187.9 million weighted average shares outstanding compared with 209.2 million shares in the prior year period. The company repurch...

Virgin America Reports Third Quarter 2015 Earnings

Virgin America (NASDAQ: VA) today reports its financial results for the third quarter of 2015. Key highlights from the third quarter include: Third quarter 2015 net income was $73.0 million excluding special items1, an increase of $31.3 million from the third quarter of 2014. Operating income and operating margin excluding special items were $75.0 million and 18.2 percent, respectively.&n...

Bombardier Announces Financial Results for the Third Quarter

(All amounts in this press release are in U.S. dollars unless otherwise indicated. Amounts in tables are in millions except per share amounts, unless otherwise indicated. This press release contains both IFRS and non-GAAP measures. Non-GAAP measures are defined and reconciled to the most comparable IFRS measures in the Corporation’s MD&A. See Caution regardi...

Gulfstream Aerospace Climbs Ever Higher in 3Q

Gulfstream Aerospace continues to be a star performer at parent company General Dynamics, with the aerospace segment reporting its highest-ever quarterly revenue and the fifth consecutive quarterly profit exceeding $400 million. Year-over-year, third-quarter aerospace revenue climbed $548 million, to $2.343 billion, while profits rose by $15 million, to $426 million, General Dynamics chairman and&...

Fitch Expects to Rate Boeing's Senior Notes 'A'

Fitch Ratings expects to assign an ‘A’ long-term rating to The Boeing Company’s (BA) proposed issuance of approximately $900 million of senior unsecured notes. The notes will be issued in three parts, with maturities of 2020, 2022, and 2025. Proceeds will be used for general corporate purposes. The Rating Outlook is Stable. The ratings cover approximately $9 billion of debt ($...

BOC Aviation delivers first Boeing 737-800 to Pegasus Airlines

BOC Aviation Pte. Ltd. is pleased to announce the delivery of the first of three Boeing 737-800 aircraft to Turkey’s leading low-cost airline Pegasus Airlines. The remaining two are scheduled for delivery within the next three months. “We are delighted to begin our partnership with our newest customer, Pegasus Airlines, with the delivery of the first of three Boeing 737-800 air...

Irish company affiliated with VTB Leasing demands $43 mln from Transaero

The Commercial Court of St. Petersburg and the Leningrad Region registered a lawsuit filed by one more Irish company affiliated with VTB Leasing demanding $43 mln from troubled Russian airline Transaero, RIA Novosti has reported. The lawsuit filed by Capablue Limited reached the court on October 22. Earlier the court registered lawsuits filed by five other Irish companies affiliated with VTB Le...

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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...