Financial

Transaero has been declared bankrupt by the Commercial Court of St. Petersburg and Leningrad Region. Bankruptcy proceedings have been initiated for a period of six months. In March, 2015 the airline was unable to pay debts which had accumulated to the level of 77 billion rubles (approximately US$1.1 billion). Plans for Aeroflot to take over […]

Avolon, the international aircraft leasing company, has announced the pricing of a private offering by its wholly owned subsidiary, Park Aerospace Holdings Limited, of US$950m aggregate principal amount of 4.500% Senior Notes due 2023, at par, and US$300m aggregate principal amount of 3.625% Senior Notes due 2021 (together with the 2023 notes, the “Notes”), at

American Airlines has adjusted its third quarter outlook due to the impact of hurricane Irma. American Airlines’ estimate for its third quarter total revenue per available seat mile (TRASM) was in line with prior guidance of up 0.5% to up 2.5% year-over-year. However Hurricane Irma caused closures at 40 airports in Florida and the Caribbean,

Luxaviation Helicopters, part of the Luxaviation Group, has announced the acquisition of Starspeed, the global helicopter management, charter and training company. The deal, Luxaviation Helicopters’ first acquisition since launching in February 2017, positions the company as the world’s largest VIP and VVIP helicopter operator. Luxaviation Helicopters will incorporate Starspeed’s fleet of 23 helicopters into its

Thales has closinged the acquisition of US company Guavus, a pioneer in real-time Big Data analytics. Guavus is perfectly suited to help Thales address the growing needs of an increasingly connected global ecosystem. The company has built a recognised industrial “big data” platform particularly adapted to real-time analytics and designed to be easily implemented across

The Federal Aviation Administration (FAA) will award US$151.1m in airport infrastructure grants to 66 airports in 35 states across the United States as part of the FAA’s Airport Improvement Program (AIP). The airport grant program funds various types of airport infrastructure projects, including runways, taxiways, and airport signage, lighting, and markings, all of which help

Following the good performance in the summer months Finnair raises its guidance for 2017 regarding its comparable operating result and specifies its capacity forecast for 2017. Finnair estimates that in 2017 its capacity will grow approximately 9%, weighted strongly towards the second half of the year. Full-year revenue is expected to grow approximately in line

United Technologies, the jet-engine maker, has agreed to buy Rockwell Collins, the aircraft parts manufacturer, for US$30 billion, including any debt. It has also been confirmed that the Rockwell Collins and UTC aerospace systems operations will be merged to create a new business unit, Collins Aerospace Systems. The basis of the deal will see Rockwell

The Air France-KLM (the Company) Combined Ordinary and Extraordinary Shareholders’ Meeting was held on Monday, September 4, in order to implement part of the strategic transactions presented on July 27, 2017. More than 54.85% of the shareholders were present or represented at the Shareholders’ Meeting, where all proposed resolutions were adopted, together with a new