Leonardo has entered into a definitive agreement with Square Lux Holding II S.à r.l., a portfolio company controlled by funds advised by Kohlberg Kravis & Roberts & Co., to purchase a 25.1% stake in HENSOLDT AG (HENSOLD) for a cash consideration of approx. €606 million or €23 per share. HENSOLDT is a leading European player
Alaska Air Group has reported a first quarter 2021 GAAP net loss of US$131 million, compared to a net loss of US$232 million n the first quarter of 2020. Excluding the impact of payroll support program wage offsets, special items and mark-to-market fuel hedge adjustments, the company reported an adjusted net loss of US$436 million,
Continued low-level demand for air travel, despite the COVID-19 vaccine roll-out, has led Dubai-based Emirates to admit that a further round of funding may be required later in the year, most likely through a further injection of equity from the Dubai government, the Gulf carrier’s sole shareholder. Talking to the online World Aviation Festival, Tim
Having bought back Stobart Air from Bankruptcy in April last year, Stobart Group, now renamed Esken, has agreed to sell the airline to Ettyl for an initial, token £2.00. Ettyl is an Isle of Man-based startup whose CEO is 26-year-old serial entrepreneur Jason Scales who runs a blockchain and technology incubator called The Hubb. In
United Airlines (United) has released its first-quarter financial results, revealing a greater-than-anticipated loss which the American carrier has attributed to a combination of rising fuel costs and a drop in capacity as airlines struggle to cope with the lack of demand due to the COVID-19 pandemic. Compared to the previous three months, fuel prices rose
In 2020, the Liebherr Group achieved a turnover of €10,341 million. Compared to the previous year, the company posted a decline of €1,409 million, or 12 %. Following several successful years, and in the context of last year’s extraordinary conditions, this is considered satisfactory. Despite the modest slowdown of the global economy, Liebherr registered a
Air New Zealand is targeting its equity capital raising to be undertaken by September 30, 2021, to give the airline time to assess market conditions. “We’ve seen some clearing of COVID-19 clouds recently, with the extension of the airfreight capacity scheme, the rollout of the vaccine and the opening of the trans-Tasman bubble on April
AeroCentury, an independent aircraft leasing company, has posted a fourth-quarter 2020 net loss of US$14.5 million, compared to a net loss of US$7.0 million for the fourth quarter of 2019. For the full year 2020, the Company reported a net loss of US$42.2 million, compared to a net loss of US$16.7 million for the full
Qantas Group has released encouraging projections for Q4 FY21, ending June 30, highlighting its recovery from the effects of the COVID-19 pandemic on air travel. While Group domestic capacity should reach 90% of pre-COVID levels for the last quarter, subsidiary Jetstar looks likely to exceed 100% thanks to a strong leisure demand. Forward projections into
Delta Air Lines has reported financial results for the first quarter 2021, posting AN adjusted pre-tax loss of US$2.9 billion excluding US$1.2 billion of benefit related to the first payroll support program extension (PSP2), which is partially offset among other items, by the debt extinguishment charges incurred when pre-paying its US$1.5 billion slots, gates and
