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Etihad’s Passenger Traffic Up

Etihad Airways reported on Wednesday it carried 18.5 million guests in 2016, a 6 per cent increase over the 17.4 million guests in 2015. The figure, while higher year-on-year marks a slowdown in the growth rate compared to the 17 per cent increase in 2015 amid a “very tough business environment” in 2016, as described [...]

By |October 30th, 2017|Airlines|0 Comments

Ryanair Issues €750m Eurobond

Ryanair returned to the borrowing markets today issuing €750 million in bonds. On the 8th of February 2017, Ryanair announced that it has issued a 6.5 year, €750 million ($800.53 million), Eurobond at a fixed coupon of 1.125%. Ryanair is rated BBB+ (stable) by both Standard & Poor’s and Fitch Ratings. These ratings reflect the [...]

By |October 19th, 2017|Airlines|0 Comments

Boeing With $13.8 Billion Singapore Airlines Order

Boeing (NYSE:BA) in the lead to clinch an order of 35 wide-body aircraft from Singapore Airlines (OTCPK:SINGY), valued at $13.8B based on list prices, Bloomberg reports.Southeast Asia’s biggest long-distance carrier is considering buying 20 of Boeing’s long-range 777-9 jets, which are set to debut at decade’s end, after studying a rival bid for Airbus Group [...]

By |February 9th, 2017|Airlines|0 Comments

Sriwijaya Air Delays IPO To May

Indonesian airline operator Sriwijaya Air has decided to postpone its initial public offering to May, two months behind schedule, requiring more time to prepare.The low-cost carrier previously planned to sell 25 percent of its enlarged capital in the IPO to purchase more medium- and long-range jets to expand the company's overseas operations. CEO of Sriwijaya [...]

By |February 9th, 2017|Airlines|0 Comments

AG Group Pax Up

IAG Group, the parent company of British Airways, Iberia, Aer Lingus and Vueling, reported that the group traffic in January 2017 measured in Revenue Passenger Kilometers (RPKs) increased by 4.4% year over year. The group capacity measured in Available Seat Kilometers (ASKs) rose by 5.1% YoY.IAG - which owns British Airways, Spanish carriers Iberia and [...]

By |February 7th, 2017|Airlines|0 Comments

Delta Air Is Withdrawing Service To Taiwan

Delta Air Lines Inc. is ending service to Taiwan, according to news reports. On Jan. 13, Delta Air Lines Inc. ( DAL) announced it would be ending its only Taiwanese route, according to Investopedia.com quoting a report in The China Post. The route is scheduled until the end of May. Delta said it plans to [...]

By |January 24th, 2017|Airlines|0 Comments

Lufthansa Jet Skids Off The Runway At Paris Airport

A Lufthansa passenger plane flying from Frankfurt into Charles de Gaulle airport in Paris skidded off the runway after landing. The A320 flight carrying 150 passengers was pulling into the terminal at 1.40pm on Wednesday when the incident took place. The plane was flying from Frankfurt into Charles de Gaulle airport in Paris. Reportedly, the [...]

By |January 24th, 2017|Airlines|0 Comments

Ryanair Тo Stop UK Domestic Routes

Ryanair Holdings Plc could cease flights within Britain once the country leaves the European Union, rather than take steps to comply with new regulations. As an Irish company, Europe’s biggest discount carrier could require a U.K. air operating certificate, or AOC, in order to continue domestic services there once Brexit is implemented, Chief Financial Officer [...]

By |January 19th, 2017|Airlines|0 Comments

Delta Air Lines’ Revenue Is Higher Than Expected

Delta Air Lines Inc. expects a closely watched revenue measure to rise for the first time in two years, although higher labor costs will weigh on its profits in 2017, the company said on Thursday. The Atlanta, GA-based carrier’s fourth-quarter earnings (excluding special items) of 82 cents per share met the Zacks Consensus Estimate. The [...]

By |January 19th, 2017|Airlines|0 Comments

ST Aerospace Signs A Contract Worth S$840m

Singapore Technologies Engineering (ST Engineering) announced that its aerospace arm, Singapore Technologies Aerospace (ST Aerospace), secured new contracts worth about $840 million in the fourth quarter (4Q) of 2016 for services ranging from the line and airframe maintenance to component repair and overhaul. ST Aerospace signed an agreement with Alaska Airlines to exclusively provide maintenance, [...]

By |January 19th, 2017|Airlines|0 Comments
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