As a result of a petition from an unnamed creditor, the Hainan High People’s Court has initiated bankruptcy reorganisation proceedings against HNA Group. “On January 29, 2021, HNA Group received a formal notice from the Hainan High People’s Court,” the holding said in a statement. “The main content of the notice is: a creditor has […]
China’s HNA Group starts bankruptcy reorganization proceedings Read More »
ANA Holdings (ANA HD) has released its financial results for the financial period ended December 31, 2020. In the first nine months (April 1, 2020 – December 31, 2020) of fiscal year 2020 ANA faced an unprecedented, worldwide and severe contraction, resulting from passenger demand which dramatically decreased by immigration restrictions and stay-at-home requests in
ANA reports financial results for period ended December 31, 2020 Read More »
The first brand-new Airbus A320ceo Full Flight Simulator (FFS) starts being assembled this week, which will mark the beginning of BAA Training Spain operations. After all of the preparational works and auditing procedures are finalized, the FFS will be ready for training in March this year. The first groups of Type Rating pilot students will
BAA Training Spain starts operations with brand-new Airbus A320ceo FFS Read More »
Textron Aviation has been awarded a contract by Air Archipels of Tahiti (French Polynesia) for one Beechcraft King Air 260 and one cargo door-equipped King Air 260C aircraft. The aircraft are planned to be delivered to Air Archipels in the second half of 2021. Air Archipels currently operates a fleet of Beechcraft Super King Air
Air Archipels orders cargo door-equipped Beechcraft King Air 260C Read More »
Dubai Aerospace Enterprise (DAE) had delivered a notice of early redemption (the Redemption Notice) to the holders of the Company’s US$500 million 5.75% Senior Notes due 2023. The redemption date is scheduled for March 1, 2021. The outstanding principal amount as of the date of the Redemption Notice was approximately US$456.1 million. The Notes will
DAE announces early redemption of US$500 million 5.75% Senior Notes Read More »
Bombardier has confirmed the closing of the previously announced sale of its transportation business to Alstom. Total proceeds to the vendors after the deduction of debt-like items and transferred liabilities are US$6.0 billion. After deducting la Caisse de dépôt et placement du Québec equity position of US$2.5 billion, transaction costs, and including the impact from closing adjustments and
SIA Engineering Group has recorded revenue of SG$104.6 million for the third quarter of full-year 2020-21, SG$147.5 million lower year-on-year (-58.5%). Even as cost-cutting measures and grants from government support schemes remained, the reduction in Group expenditure of SG$132.5 million (-56.1%) could not fully offset the reduction in revenue. Consequently, the Group recorded a lower
SIA Engineering Group records third-quarter FY 2020/21 net profit of SG$7.7 million Read More »
