23 August 2016

Spanish judge will try executives involved in Ferrovial Denver Airport kickbacks scheme

Subsequent to the recent decision by Denver International Airport to select a consortium led by Ferrovial Airports to privatize the airport’s Great Hall, a judge in Barcelona, Spain has decided to try those associated with a kickbacks scheme where it is alleged that Ferrovial paid money to influence the awarding of public contracts. It has […]

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FlightGlobal combines with Diio and FlightStats to create powerhouse in air travel data analytics

FlightGlobal, a leading aviation information group, has acquired two pioneering US businesses that will help create a powerhouse in data analytics for the global air travel sector. Diio, a provider of airline market intelligence tools, and FlightStats, a pioneer in flight data services, will now sit alongside FlightGlobal’s existing portfolio of fleet, aircraft finance and

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AerCap Holdings N.V. authorizes share repurchase program of US$250m

AerCap Holdings N.V. reported that its Board of Directors has authorized a new US$250m share repurchase program, which will run through December 31, 2016. This program is in addition to the US$250m share repurchase program announced on May 31, 2016, which runs through September 30, 2016, as well as the US$400m share repurchase program announced

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HAECO Americas construction of new hangar at PTI airport is underway

HAECO Americas announced that the construction of its fifth hangar is underway at the Piedmont Triad International (PTI) Airport. The investment to build the nearly 250,000 ft², structure will total US$60m and will add up to 500 new jobs at full capacity. The expansion boosts HAECO Americas’ current position as one of the largest independent

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Gogo Business Aviation now enabling open router environment

Gogo Business Aviation (GOGO), a leader in connected airplanes, has embarked on an initiative to enable operators, dealers and installers to equip their aircraft with approved routers from third-party manufacturers that best suit their individual needs and preferences on the Gogo Biz network. The move is part of a larger initiative to provide a more

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U.S. Army selects ATEC to design improved helicopter engine for Black Hawk and Apache fleets

The U.S. Army has announced that the Advanced Turbine Engine Company (ATEC), a joint venture of Honeywell and Pratt & Whitney, has been awarded a contract for preliminary design review of a new engine for the Army’s fleet of Black Hawk and Apache helicopters. The two-year contract, part of the Army’s Improved Turbine Engine (ITE)

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Avianca Holdings reports adjusted operating profit of US$37.6m for the second quarter of 2016

Avianca Holdings S.A. reported second quarter operating income (EBIT) reached US$37.6m, posting an operating margin of 3.9%, a 341 bps increase over the same quarter of last year. Furthermore operating revenues amounted to US$966.2m for the quarter. These results were mainly driven by a 12.1% reduction in total operating costs1 as the Company continued to

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