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Latest Finance news

ETIHAD REDUCES LOSSES IN 2017

Sino Jet Launches new Guangzhou Operation Following Government’s 88 billion Investment into Greater Bay Area, China

On 14th June 2018, Sino Jet Ltd., a leading business and general aviation (BA/GA) operator, part of the Sino Jet Group, held a VIP launch event to signify the opening of its new Guangzhou base. This is the newest office to be opened by the growing operator and adds to its existing bases in Beij...

London-Gatwick takes investment to over £3 billion with new five-year plan

£1.11 billion to be spent to support airline growth and enhance the airport experience for passengers Gatwick continues to explore how it can make best use of all its existing infrastructure Providing additional capacity, improving resilience and harnessing technology are all key parts...

Airbus, Bombardier and Investissement Québec agree C Series Partnership closing effective July 1, 2018

Airbus to acquire majority stake in the C Series Aircraft Limited Partnership, effective July 1, 2018 · All regulatory approvals required for the closing of the transaction have been obtained · Partnership head office, leadership team and primary final assembly line locate...

First Boeing 777-300ER joins AviaAM Financial Leasing China fleet

AviaAM Leasing, a global aviation holding company engaged in commercial aircraft acquisition, leasing and sales, has announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has added a brand new Boeing 777-300ER to its fleet. The aircraft was delivered to the Russian carrier, Aeroflot, under a 12-year o...

Geneva Airpark has posted its figures for Q1: + 30%

Always progressing, in Q1 2018 Geneva Airpark increased its number of customers with 10 new clients signing up for its services. Thanks to the newcomers for this vote of confidence for our «Daily» services. New communication tools: In order to promote its Daily offer and “Home” services Geneva Airpark has created 4 mini-videos on these different options:Daily, Laundr...

Ryanair Full Year Profits Rise 10% To €1.45bn

Ryanair today (21 May) reported a 10% increase in full year profit after tax to €1.45bn, as lower fares (down 3%) stimulated 9% traffic growth to over 130m guests, and an industry leading 95% load factor. Ryanair’s CEO Michael O’Leary said: “We are pleased to report a 10% increase in profits, with an unchanged net margin of 20%, despite a 3% cut in air fares, durin...

FACC achieves best result in the company's history

Sales increase of 6.4 % to EUR 750.7 million Significant increase in EBIT to EUR 63.8 million Extensive investment program implemented New orders amounting to EUR 750 million Order backlog increased to USD 5.9 billion Proposed dividend payment of EUR 0.11 Further growth forecast for the 2018/19 FY FACC AG was able to confirm its long-term growth trend in the 2017/18 fina...

Aircraft to Support Ukrainian Flag Carrier’s Medium-Haul Network

CDB Aviation Lease Finance DAC (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced the completion of the delivery of two Boeing 737-800 aircraft to Ukraine’s flag carrier Ukraine International Airlines (“UIA”). The aircraft delivered from CDB Aviation’s order book with...

Leonardo 1Q 2018 Revenues up 4%

· Clear signs of recovery in Helicopters · FY 2018 Guidance confirmed · Steps forward in the execution of the Industrial Plan to strengthening commercial approach: «Leonardo International» First quarter results in line with expectations &...

Lufthansa Group on successful path of modernization

Company presents best result in its history at Annual General Meeting Shareholders shall profit with a 60 percent higher dividend "The Lufthansa Group has become more modern, significantly more efficient and more profitable in all areas," says Carsten Spohr, Chairman of the Executive Board of Deutsche Lufthansa AG. "Everyone has benefited from the modernization: Our custom...

Boeing Details More Than $54 Million in Grants and Philanthropic Investments

Contribution Part of Previously Announced $300 Million Tax Reform Package Puts Company on Path to Exceed $200 Million in Corporate Giving in 2018 Announcement Coincides with Launch of 2018 Boeing Global Engagement Portfolio Boeing announced details for $54 million in grants and philanthropic sponsorships to nonprofits in the U.S. and around the globe. As part of the company'...

AviaAM Leasing bought an HQ building in Cyprus for Euro 4.3 Million

AviaAM Leasing, global aviation holding company engaged in commercial aircraft acquisition, leasing, and sales globally, has obtained a new HQ building in Limassol, Cyprus. While already managing subsidiaries in Ireland, Lithuania, Cyprus, andChina; the company has invested Euro 4.3 million in this new office building. “The estate, located on the main street of Limassol, will represe...

SmartLynx Airlines turnover increased by 21% in 2017; company planning to expand operations to North America and Canada

A consolidated audit of SmartLynx Airlines, the leading ACMI and charter provider in the EU on Airbus A320, second largest passenger air carrier and third largest passenger carrier in Latvia, shows that the net turnover of the company in 2017 increased by 21% to EUR 131.5 million. Aircraft wet lease services represent 56% of the company’s business portfolio, with charter flights representing...

Pilatus Maintains Cruising Altitude and Writes another Chapter in its Success Story

Financial 2017 was an extremely busy year for Pilatus, and an exceptionally successful one, too. With sales of 986 million Swiss francs, 115 aircraft deliveries, a full-time workforce of over 2000 and – the absolute highlight – certification of the PC-24 at the end of the year, Pilatus achieved the goals. As a whole, financial 2017 turned out better than the previous year. At 986 mi...

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