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Etihad Airways And Partner Airlines’ Fundraising Transaction Increased To US$ 700 Million

Zodiac aerospace, revenue grows up to 18.1% in 2014/2015 financial year

Zodiac Aerospace generated revenue of €4,930.5m up 18.1% in its 2014/2015 financial year. At like-for-like consolidation and foreign exchange rates, this represented growth of 2.6%. The consolidation impact related to PPP – Pacific Precision Products and Enviro in the Aircraft Systems...

Pentagon inspector finds no fault with US Navy’s 70-Triton buy

The US Navy properly justified its requirement for 70 maritime versions of the Northrop Grumman RQ-4 Global Hawk, the Pentagon’s top auditor says, but the final number depends on the aircraft’s performance after 100,000 flight hours. The navy based its Northrop MQ-4C Triton production...

Comair Limited: Reviewed Condensed Consolidated Provisional Financial Results

Earnings review The 2015 financial year provided a basket of challenging variables, with a very strong profit in the first half followed by a more mundane second half. The first half started with an unprecedented collapse in the oil price, resulting in a drop in the price of jet fuel from a high of R9.50 per litre to R7.30 by December and R6.50 by year end. This decline granted relief to the dram...

Vietjet signed strategic agreement with Japan’s leading finance corporation

On September 15, 2015, Vietjet and Mitsubishi UFJ Lease & Finance Company Limited (MUL), a member of Japan’s leading finance group Mitsubishi UFJ Financial Group (MUFG), signed a memorandum of understanding (MOU) in Tokyo on the sidelines of the official visit of His ExcellencyNguyen Phu Trong, General Secretary of the Communist Party of Vietnam, to Japan. Japan&rsquo...

Russian-Chinese aircraft leasing company to begin shipping SSJ-100 in 2016

Russian-Chinese leasing company for the deliveries of Sukhoi Superjet 100 aircraft (SSJ-100) should start in 2016, the Head of the United Aircraft Corporation (UAC) Yuri Slusar told TASS Wednesday at the Aviation Expo China 2015 exhibition. "The work is in progress, we continue to look forward to deliver the first five aircraft next year," he said. Slusar noted that "the finan...

Etihad Airways and Key Equity Partners Complete Successful Platform Financing Transaction

Etihad Airways, its airport services business and five of its equity partners have today successfully completed an innovative new platform financing transaction, raising $500 million on the international markets. Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles, Alitalia and Jet Airways have together taken a new step forward in their strategic business development...

Airlines Can Boost Their Top and Bottom Line by Streamlining Financial Processes

The airline industry faces a number of challenges when it comes to financial management, including revenue leakage, complex income streams, and tax reporting and compliance across multiple markets. Coupled with an often-traditional approach to financial processes, it's clear that financial management remains an area for innovation. Against this backdrop, a new report published today, writte...

US, Asia-Pacific Lead Airlines' Profit Surge

The financial results posted by additional airlines further underscore a significant improvement in second-quarter profitability. A sample of 58 airlines around the world by the International Air Transport Association (IATA) showed a 95.6% jump in net profit and a 41.7% rise in operating profit. Those airlines made US$8.78 billion in aggregate post-tax profit in the April-June period, up fro...

Skytrans secures $18mn contract; to set up Brisbane base

Skytrans (Q6, Cairns) is to open a second base in Brisbane Int'l after it secured a new three year transport contract worth AUD25 million (USD17.84 million) with natural gas producer QGC Pty Limited. Effective October 26, the carrier will provide nine weekly return flights for QGC staff and contractors from Brisbane to sites in Chinchilla (located roughly 300km west-nort...

Gulf Air posts best annual results since 2004

Gulf Air has posted its 2014 financial and operational results, the airline's strongest financial results in a decade. The results reflect a fall in annual losses from BHD93.3 million in 2013 to BHD62.7 million in 2014 – equivalent to a 32.8% reduction. Commenting on the airline’s ongoing positive development in 2014 H.E. Shaikh Khalid bin Abdulla Al Khalifa (right), Deputy P...

Credit Suisse to pay $80 million to settle dark pool allegations

Credit Suisse Group AG will pay more than $80 million to settle allegations that it did not disclose how it operated its dark pool private share trading exchange to clients, Bloomberg reported, citing a person familiar with the matter. The Swiss bank will pay more than $50 million in fines and disgorgement to the U.S. Securities and Exchange Commission and about $30 million to the New York...

Exclusive: Deutsche Bank to cut workforce by a quarter - sources

Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said on Monday. That would bring the group's workforce down to around 75,000 full-time positions under a reorganization being finalised by new Chief Executive John Cryan, who took control of Germany&#...

Fitch Upgrades Delta to 'BB+'; Outlook Positive

Fitch Ratings has upgraded Delta Air Lines’ Issuer Default Rating (IDR) to ‘BB+’ from ‘BB’. Fitch has also upgraded Delta’s Seattle project bonds to ‘BB+’ from ‘BB’ and assigned ratings of ‘BBB-’ to Delta’s 2015 secured credit facility. The Rating Outlook is Positive. The ratings upgrade reflects on-going improvements...

PASSUR® Aerospace Reports 13% Increase in Third Quarter

PASSUR® Aerospace, Inc, an aviation business intelligence, big data, and software solutions company reported total revenue for the quarter ended July 31, 2015 increased 13% to $3,244,000, compared to $2,865,000 for the same period in fiscal year 2014, primarily as a result of two major multi-year contracts signed during the year. For the three months ended Ju...

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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...