17 August 2016

Willis Lease Finance reports second quarter pretax profit of US$5 .8m

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Willis Lease Finance Corporation, an independent jet engine lessor in the commercial finance sector, reported quarterly pretax income of US$5.8m in the second quarter 2016, up US$6.7m when compared to second quarter 2015 pretax income. Net income for the second quarter increased by US$3.9m to US$3.4m in the second quarter of 2015. Earnings in the […]

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Finnair aims to achieve €20m permanent savings on running costs by June 2017

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Finnair’s 2011-2014 savings program, combined with reduced fuel costs and improved sales, has seen the carrier’s performance follow an upward path for the last two years. The announcement of Finnair’s forthcoming strategy for accelerated growth will require sustainability in profitability in what is an unstable market and consequently, the carrier has reviewed its efficiency once

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Ryanair announces 2017 growth plan for Italy with investments of US$1bn

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As the Italian Government has reversed the €2.50 municipal tax increase from September 1 2016 and revised airport guidelines, which will enable Italy’s regional airports to compete on a level playing field with airports in Rome and Milan as long as they comply with the EU’s MEIP rules. These initiatives have now allowed Pescara airport

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Honeywell reaches agreement to sell Honeywell Technology Solutions (HTSI) to KBR

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Honeywell has reached a definitive agreement to sell Honeywell Technology Solutions Inc. (HTSI), a global provider of professional space, security, logistics and manpower services in the Government Services market, to KBR for approximately US$300m. The transaction, which is subject to customary closing conditions and required regulatory approvals, is expected to close in 2016. HTSI is

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EASA strengthens medical requirements for pilots

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EASA has published a set of proposals to the European Commission for an update of the rules concerning pilots’ medical fitness, as part of its Action Plan following the Germanwings Flight 9525 accident. These rules are contained in so-called Part-MED, which covers aviation safety rules related to the medical aspect and fitness of aircrews. Released

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Finnair Group reports half year financial results

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Finnair Group reported that revenue grew by 3.8% year-on-year to €1,106.0m compared to €1,065.2 in 2015. Comparable operating result was €-12.2m compared to €-41.3 in 2015. Operating result was €-17.4m compared to €-13.9m in 2015. Comparable EBITDAR was €92.7m compared to €56.5 the previous year. Net cash flow from operating activities stood at €130.0m compared

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