Ryanair released November traffic growth highlighting that the airline’s “Always Getting Better” customer programme delivered a stronger than expected performance in the first month of Ryanair’s significantly expanded winter schedule. Despite increasing November seat capacity by 13% (over Nov 13) and opening a large number of new city pair routes designed to appeal to business
Avolon Holdings launched its initial public offering of 13,636,363 common shares. The initial public offering price is currently expected to be between $21 and $23 per share, which would result in a total offering size of between US$86m and US$314m. All of the common shares are being offered by the selling shareholders. The selling shareholders
Transaero’s financial results under Russian Accounting Standards for the first three quarters of 2014 saw revenue from air operations increase by 6% in comparison with the same period of 2013 and reach RUB84.8bn (US$2.4bn). The airline’s cost reduction programme adopted in 2012 has delivered savings in the first three quarters of 2014, with selling costs
Avolon Holdings announced the launch of its initial public offering of 13,636,363 common shares. The initial public offering price is currently expected to be between $21 and $23 per share, which would result in a total offering size of between US$286m and $314m. All of the common shares are being offered by the selling shareholders.
Stellwagen Finance Company, the parent company of Aviation Finance Compan (AFC) of Dublin, Ireland announced the purchase of Volito Aviation Services A.B. (VAS) of Sweden together with its Irish subsidiary. The acquisition will be completed in two stages and the first stage is now completed. This acquisition represents another step in the evolution of AFC’s
Airbus Group SAS and DASSAULT AVIATION have signed an agreement whereby Dassault Aviation acquires a block of its own shares from Airbus and both companies cooperate to implement additional transactions by Airbus of Dassault Aviation shares in 2015 in the form of accelerated book-buildings subject to market conditions. As per the authorization granted by the
Revenues amounted to US$601.2m, compared to US$643.3m during the equivalent quarter in the previous year, a decline of 6.5%. Revenues per passenger declined by 7.3%, mainly as a result of a drop in the yield per passenger-kms, as a result of the negative effects of the ‘Operation Protective Edge’. Revenues from cargo transport increased by
Glyn Wall has acquired Sycamore Aviation’s aircraft decommissioning business located at Durham Tees Valley Airport (DTVA) in the UK. The Company will continue to trade under the Sycamore Aviation brand. Sycamore Aviation is fully operational at its home base at DTVA in the North East of England, and will also continue to offer its worldwide
B/E Aerospace board of directors has approved the separation of its Consumables Management Segment, consisting of B/E Aerospace’s aerospace distribution and energy services businesses, which will be known as KLX (KLX), through a dividend distributing all of the shares of KLX common stock on a pro rata basis to the holders of B/E Aerospace’s common
Sogeclair, the French based aerospace engineering and contracting company has purchased 80% of Montreal, Canada-based precision engineering company MSB Group, for an undisclosed amount. The management of the MSB Group, which consists of the engineering division MSB Design and the contract engineering company MSB Ressources Globales, made the decision to join Sogeclair following discussions with
