Air Arabia has announced the expansion of service to Kiev, Ukraine, from the carrier's primary hub in Sharjah, from five times weekly to daily, effective 01-Apr-2011.
FLY Leasing Limited has confirmed that on 08-Mar-2011 it repurchased 1.04 million shares of its stock for USD11.925 per share in a privately negotiated transaction. FLY repurchased the shares utilising its unrestricted cash.
easyJet's shares rose 3.4% yesterday as British Airways cabin crew voted in favour of further strike action. The union Unite, representing cabin crew, has 28 days to announce strike dates before the mandate expires.
Eurocopter Holding, a subsidiary of EADS, and Vector Aerospace Corporation, a Canadian company listed on the Toronto Stock Exchange, entered (28-Mar-2011) into a Support Agreement pursuant to which Eurocopter Holding will acquire all of the issued and outstanding common shares of Vector Aerospace by...
Shares in China’s Hainan Meilan International Airport Co dropped back yesterday, despite the company unveiling a 22% jump in revenue for the 12 months ended 31-Dec-2010.
If fuel remains in the USD105-per-barrel range as average for 2011, the eight largest US airlines will spend more than USD9 billion more on fuel than 2010 and need to increase revenues to break even, according to AirlineFinancial’s Bob Herbst, who released the estimate over the weekend.
easyJet CEO Carolyn McCall stated the carrier is targetting European network carriers as it seeks to increase its share of the business travel market and boost revenues, marking a significant change in strategy for the LCC.
Dubai Airport reported a solid increase in passenger numbers in Feb-2011, but was not unscathed by regional uncertainty. The reductions were however minimised thanks to Dubai's highly diversified network and carrier base. But air fare trends are mixed, reflecting the troubles and opportunities in its...
The results of a vote by British Airways union Unite have been released and 83% voted to strike. Though a specific time was not indicated, the union appears to have lost none of its anger and is more than willing to continue its long-running battle with BA management. The union has not ruled out work...
Latin American airline stocks were mixed yesterday, led lower by LAN and TAM (both down 1.8%).
Japan Airlines has emerged from bankruptcy protection, having raised USD3 billion in fresh funding from financial institutions, shed one-third of its staff, grounded over 100 aircraft and closed 49 loss-making routes.
Fitch Ratings has assigned Lotte Shopping Co Ltd, a leading South Korean retailer, a foreign-currency senior unsecured 'A-' rating.
Royal Jordanian signed a service agreement on Monday with Global Collect, a premier payment service provider of local e-payments, to process its online credit card payments, covering over 25 currencies throughout the Middle East, North Africa, Europe, Asia and North America.
British Airways/Iberia parent, International Airlines Group (IAG), would consider investing in Japan Airlines when it relists in early 2013, IAG CEO Willie Walsh said.
HEICO Corporation, a leading supplier of FAA-approved aircraft replacement parts, declared five-for-four stock splits on its Class A Common Stock and Common Stock.
Long-haul low-cost airline AirAsia X plans to list shares by 2012, so it will be easier to raise funds for expansion AirAsia CEO Tony Fernandes has said.
Avianca-Taca launched an IPO for approximately USD250 million on the Bogota stock exchange offering 11.1% of its shares. The carrier reported an operating income of USD3.1 billion in 2010 and a net profit of USD50 million.
Listed airport stocks were mixed yesterday, led lower by Shanghai International Airport (-3.8%) and higher by Auckland Airport (+2.5%).
The global airline industry is entering another potentially dark chapter, as persistently high jet fuel prices bloat cost lines just as top line revenues suffer from events in the Middle East, Japan and elsewhere. The International Air Transport Association (IATA) today announced scheduled international...
Business class air fares on key trans-Atlantic routes appear to be declining ominously, latest CAPA research shows. The Centre for Asia Pacific Aviation (CAPA), using its new, freely available online air fares database developed in partnership with ITA Software, has found that the cheapest available...
Qantas has announced a range of measures, including a significant recalibration of its capacity growth plans for 2011, as a response to high jet fuel prices a series of natural disasters in Japan, New Zealand and Australia. In a statement reminiscent of the dark days of the global financial crisis,...
China Southern Airlines confirmed it expects to take delivery of its first of five A380s in Aug-2011. The aircraft will initially be deployed on services from Beijing, though destinations were not disclosed.
Lufthansa is expected to announce plans tomorrow to commence daily A380 service to Miami from 10 June. Lufthansa currently operates daily Frankfurt-Miami service with B747-400 equipment configured with 16 First, 80 Business and 234 Economy seats (330 in total). The airline's A380s are configured with...
In the second in our series on the world's leading airports, we review Beijing's remarkable rise up the world rankings. Ten years ago, the world’s busiest airport was Atlanta. In 2010, it still held that position, but the next 29 slots have seen stunning rearrangements. For instance 2010’s second...
Kuwait’s premium focused Wataniya Airways suspended all operations on 16-Mar-2011 and there are few indications the carrier will return. The airline announced its board will now enter a process to determine the future of the company and has requested a halt to its share trading. The carrier cited...
Bahrain’s two major carriers – Gulf Air and Bahrain Air – have had another worrying month, suspending services and being forced to temporarily close sales offices in reaction to the ongoing civil unrest in the Gulf state and political disagreements other countries in the region.
Nefinsa SA sold its 4.15% stake in Vueling Airlines at EUR9.5/share, according to Fidentiis Equities, which conducted the sale. Fidentiis had been mandated to sell Nefinsa's entire stake in the LCC via a book-building exercise. The company's agreement with Iberia Lineas Aereas de Espana SA to remain...
Thomas Cook Group has received long-term corporate credit ratings of BB- from Standard & Poor's and Fitch. Shares in the company were up 5.9% in trading on Wednesday, the strongest single-day increase in the company's shares in almost 11 months. Shares in the group, which operates airlines and tourism...
AMR Corp announced unsolicited takeover bids for American Airlines and American Eagle from Sterling Global Holdings have been dismissed and referred to the Security and Exchange Commission as apparent hoaxes. Eastman Kodak stated it believes a USD1.3 billion buyout offer it received from Sterling Global...
Earlier this week, an unheard-of Florida company - Sterling Global Holdings - offered to buy AMR and take it private. The offer was not only sent to AMR, parent of American Airlines, but to media including the Dallas Morning News and the Fort Worth Star Telegram where articles were dripping with doubt...
