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Fiji Airways hands down record profit and looks towards

Hong Kong Jet offers to purchase Asia Jet

Hongkong Jet, a subsidiary of Haikou-heaquartered aviation and shipping conglomerate HNA Group, has made a formal offer to take over Hong Kong-based aviation service company Asia Jet. The proposed acquisition of Asia Jet will also include its Shanghai subsidiary Asia Jet Partners (Shanghai) Ltd a...

Pilatus Sales Revenue Surpasses the One Billion Swiss Franc Mark for the Third Time!

Excellent sales revenue figures of 1.1 billion Swiss francs ensure continuation of the revenue trend achieved by Pilatus in recent years. Operating results, at 191 million Swiss francs, were also outstanding. 63 new jobs were created in Stans alone during the past year, and there was more major inve...

Boeing CEO says sales at risk due to U.S. Ex-Im paralysis

A delay in appointing U.S. Export-Import Bank board members threatens to cost Boeing Co sales, the company's chief executive said on Thursday, flagging an issue that also affects General Electric and other U.S. companies that depend on the agency's export financing. Boeing is on the verge of losing orders because only two of five seats on the agency's board are filled, not eno...

Hartzell Engine Technologies Buys Sky-Tec Brand

Hartzell Engine Technologies (HET), a Tailwind Technologies Company, took advantage of the first-day excitement at Sun ’n’ Fun 2016 to announce that it has purchased the Sky-Tec brand of high-performance aircraft starters and solenoids. Based in Montgomery, Ala., HET is an OEM supplier of aircraft cabin heating solutions and engine accessories, including turboc...

Alaska Air buys Virgin America for $2.6 billion

There's going to be a little less competition among airlines following a big takeover announced Monday. Alaska Air Group has agreed to buy Virgin America for $2.6 billion, the airlines said. Alaska Air(ALK) said it will pay $57 per share, sending Virgin America (VA) stock soaring 40%. Including debt and aircraft leases, the transaction is worth about $4 billion. The combined airline will...

Boeing Bridges UAE entrepreneurs success route

Boeing has invested US $225,000 in a three-year 'Start-Up Bridge Program' to aid budding UAE entrepreneurs. The aerospace giant has joined forces with INJAZ UAE, a non-profit member of the Junior Achievement Worldwide education initiative and TEJAR Dubai, a division of the Dubai Chamber of Commerce & Industry (DCCI), to deliver the program, which follows similar successful campaigns in...

Embraer receives Investment Grade rating

Fitch Ratings agency today initiated coverage of Embraer, assigning its BBB- Foreign and Local Currency long-term issuer default ratings (IDR), which corresponds to investment grade. The same ‘BBB-’ grade was attributed to unsecured ratings to debts issued. Fitch has also assigned a ‘AAA(bra)’ National Scale rating to Embraer. According to the agency, the rating outlook...

Oman bank backs Gulf carriers

Oman Arab Bank (OAB) has initiated coverage of the GCC aviation sector and put a buy recommendation on Air Arabia and an accumulate recommendation on Jazeera Airways, backing the budget airlines’ growth potential. Regional air traffic activity is on the rise. According to Iata, passenger demand for Middle East carriers in January had the strongest year-on-year growth at 10.9 per cent...

Alaska Air Nears Deal to Acquire Virgin America

It could be a $2 billion deal. Alaska Air has emerged as the likely winner of an auction for Virgin America , The Wall Street Journalreported on Saturday, citing people familiar with the matter. The offer was set to beat a rival bid by JetBlue Airways 0.99% , the people said, according to theJournal. Alaska Air is expected to pay upwards of $2 billion for Virgin America&nbs...

Daher Posts Record Revenues, Names New CEO

Daher announced record annual revenues yesterday, largely due to the growth last year of its aerospace business, which includes the TBM 900 turboprop single. Revenues last year surpassed €1 billion for the first time, at €1.17 billion. It delivered 55 TBM 900s in 2015, up from 51 in 2014. In new programs, Daher manufactures the tail section of the Airbus Helic...

Boeing Becomes #4 Most Shorted Dow Stock, Replacing International Business Machines

The most recent short interest data has been released by the NASDAQ for the 03/15/2016 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the Dow Jones Industrial Average by “days to cover.” There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find...

Global airline stocks fall after Brussels attack

Airline stocks took a tumble this week following the Brussels terror attacks on Tuesday that included twin explosions at the city’s airport. The bombings in the Belgian capital came three days after the flydubai crash in Russia and four months after the Paris terror attacks heightening safety concerns among travellers. Major European airline stocks — Air France-KLM, easyJet, Inte...

Shares in African budget airline Fastjet drop almost 11 per cent

Fastjet's share price plunged yesterday, dropping by 10.95 per cent to close at 30.50p. The stock dipped on the first day of trading since Easy Group owner Sir Stelios Haji-Ioannou sent a letter to the African budget airline, threatening legal action over a series of alleged licence breaches. Easy Group - parent company of EasyJet - owns the Fastjet brand. Among other grievance...

Virgin Australia secures $A425 million loan from major shareholders, announces capital review

Virgin Australia has tapped its four major shareholders for a $A425 million loan facility as part of a fresh review of its balance sheet. The 12-month, $A425 million loan facility with Air New Zealand, Etihad Airways, Singapore Airlines (SIA) and Sir Richard Branson’s UK-based Virgin Group would provide the company with “additional flexibility in the short-term” as it conducts...

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