Finance news

Latest Finance news

Meggitt completes acquisition of advanced composites businesses

Russia's UTair restructures $650mn debt with creditor banks

UTair (UT, Khanty-Mansiysk) has signed two agreements with eleven creditor banks to restructure RUB43 billion (USD657.9 million) worth of debt. The first agreement involves a syndicated loan for RUB18.9 billion (USD287.2 million) for a period of seven years while the second is for RUB24.1 billion (U...

Deal-Making Hits China Plane Leasing As Billionaire Li Jumps in

China is making the aircraft-leasing business a popular destination for mergers and acquisitions. Plane-leasing companies in China have been involved in more than US$16 billion worth of acquisitions since last year, according to figures compiled by Bloomberg. In addition, billionaire tycoons such...

Aegean Airlines: Nine Month 2015 Financial Results

AEGEAN announces Nine Month 2015 results with consolidated revenue at €792.2m, 8% higher versus 2014. Total number of passengers carried rose by 17% to 9.2m as the company invested more capacity, increasing frequencies as well as adding new destinations. Net earnings after tax increased 4% to €81.9m. During the third and most important quarter as far as demand seasonality is conc...

Kroll Bond Rating Agency Assigns Preliminary Ratings to Castlelake Aircraft Securitization Trust 2015-1

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes (the “Notes”) issued by Castlelake Aircraft Securitization Trust 2015-1 (see ratings list below). Proceeds from the sale of the Notes will be used to purchase a fleet of 54 aircraft and six aircraft engines that are initially leased to 23 lessees located in 18 countries with an initial total value...

World’s top-performing airline stock decries depressed worth

Indian budget carrier SpiceJet Ltd. has surged more than 340 per cent in the past year after surviving a crisis. Chairman Ajay Singh said the best performing airline stock in the world remains undervalued. SpiceJet’s market capitalisation of about 41 billion rupees ($621 million; Dh2.3 billion ) is too low given the $5.7 billion valuation for the operator of IndiGo, India’s biggest...

Alliance Aviation Buys 21 Fokker Jets from Lufthansa Group

Alliance Aviation Services has bought 21 Fokker jets from Lufthansa Group for US$15 million (AU$20.7 million) in cash and shares in a move that will give it spare parts to help its fleet run longer, expand operations into Europe and, potentially, sell the popular aircraft to operators like Qantas and Virgin Australia. Australia's fleet of regional aircraft is ageing, given that Fokker...

Zodiac Aerospace, income shrank by 44,6% in 2014/2015

The Supervisory Board of Zodiac Aerospace Group met on November 23, 2015 and approved the financial statements for fiscal year 2014/2015 (September to August). FY2014/2015 was marked by the difficulties faced by the Group's Aircraft Interiors business, and in particular the growth crisis experienced by the Zodiac Seats segment. These difficulties have led to a drop in Current Operating Income....

Tuniu Declines As HNA Deal Underscores China Travel Competition

Tuniu Corp. ended a two-day gain as investors bet a US$500 million investment from HNA Tourism Group Co. won't be enough to turn the company profitable amid competition in China's online travel-booking industry. The American depositary receipts declined 0.8 percent to US$15.59 in New York on Monday after erasing a gain of as much as 7.2 percent. Trading volume of two million was more th...

China Eastern Issues 2 Billion Yuan Super & Short-Term Commercial Paper

China Eastern Airlines (MU) Friday completed the issue of a 2 billion yuan super & short-term commercial paper (SCP), its sixth batch of SCP this year. The SCP will have a maturity of 270 yuan, with a face value of 100 yuan and an interest rate of 3.1%. The Shanghai-based carrier said the fund collected from the SCP will be used to replace loans of the airline and its subsidiaries. Th...

Lenders to Grounded Kingfisher Air to Auction Some Assets

Lenders who are owed more than US$1 billion by grounded carrier Kingfisher Airlines Ltd are putting up for sale some of its assets including cars and forklifts. An auction notice appeared on Saturday on the website of the trustee company representing the creditors. Kingfisher, founded by liquor baron Vijay Mallya and once India's second-biggest airline, stopped flying three years ago as...

Boeing, GE Capital Aviation Services Celebrate Delivery of Lessor's 500th Boeing Airplane

Boeing announced the delivery of the 500th Boeing airplane to GE Capital Aviation Services (GECAS). The Next-Generation 737-800 will be leased to Kenya Airways and is the 401st 737 delivered to the leasing company. "This is a major milestone in our 20-year association with Boeing," said Norm Liu, President and CEO, GECAS. "We are proud to take delivery of our 500th Boeing airplan...

Record Profits for EL AL

EL AL’s President & CEO, David Maimon: “The Company presents record results in all parameters, from revenue growth to major increases in the Company’s operating profit and net profit, which in this quarter reached the highest peak of all times. These historic results are the consequence of business moves and actions taken by the Company in the various areas, and all w...

Standard & Poor's Rating Services Confirms Credit Rating of Moscow Domodedovo Airport at ‘ВВ+’

On 16 November, 2015 the company’s credit rating was confirmed on the as-is level, which reflects S&P’s opinion of the confident position of Domodedovo Airport in the face of market challenges. According to Standard & Poor's assessment, Moscow Domodedovo Airport is characterised by a stable market position based on high passenger traffic numbers and absence of infrastruc...

LATAM Defers Aircraft Deliveries in Bid to Save US$3 Billion

Following a third quarter net loss of US$113.3 million exacerbated by a slowing Brazilian economy, LATAM Airlines Group has announced plans to trim up to US$3 billion in fleet capital expenditure for the period 2016 to 2018. LATAM says it has already managed to save US$1.8 billion through the deferral of certain aircraft originally scheduled for delivery in 2017 and 2018. In a statement, t...

Upcoming events

Bahrain International Airshow 2026

18/11/2026 - 20/11/2026
Bahrain, Sakhir

AERO Middle East x Sand & Fun 2026

24/11/2026 - 26/11/2026
Saudi Arabia, Riyadh

Essential news

Avolon places landmark order for 110 Airbus A320neo and A330neo aircraft

Avolon, one of the world’s leading aviation finance companies, has reinforced its long-term growth strategy with a firm order for 110 Airbus aircraft, including 35 A330-900 widebodies and 75 A32...

Top of the week

airBaltic files first monthly operating reports with U.S. court and publishes preliminary unaudited financial information

Air Baltic Corporation AS , Latvia’s national airline and the leading carrier in the Baltic States, announced that airBaltic and its subsidiaries participating in the voluntary Ch...