Brexit presents opportunity for UAE Airlines
UAE airlines has speculated it might get more access to the UK market in the wake of the Brexit decision announced on June 24, the company said. UAE carriers operate…
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Aircastle secures USD400m in term financing
Aircastle Limited (NYSE: AYR) has entered into a new USD400.5 million term facility secured by 17 aircraft, the company said. The financing was led by BNP Paribas, Credit Agricole Corporate…
Brexit could bring cheaper flights for travelers to Europe
The International Air Transport Association, representing 260 of the world´s airlines, has estimated the number of UK air passengers will be three to five percent lower by 2020, driven by…
Insitu awarded US Coast Guard Aviation contract
Insitu has been awarded a contract to provide unmanned aircraft systems (UAS) services via ScanEagle aboard one Coast Guard National Security Cutter (NSC) with three, one-year options, the company said.…
Boeing declares quarterly dividend
Board of directors of Boeing (NYSE: BA) has declared a regular quarterly dividend of USD1.09 per share, the company said. The dividend is payable Sept. 2, 2016, to shareholders of…
Frontier Airlines sees growth potential in Pittsburgh market
Frontier Airlines has started flight service to five destinations from Pittsburgh International Airport and sees potential for more growth in the city, the company said. The Denver-based carrier has 80…
Delta pilots picket outside MSP over next contract
Nearly 200 members of Delta Air Lines´ pilot union have picketed outside Minneapolis-St. Paul International Airport´s in an attempt to heighten the sense of urgency in securing a new contract…
Growth drives down costs on Spirit CEO's agenda
Spirit AeroSystems´ newest executive Tom Gentile, who is scheduled to take the role of CEO at the end of July, has unveiled his agenda for future growth and the strength…
Former Spirit Airlines CEO to chair NewLeaf Travel
NewLeaf Travel Company has named Ben Baldanza as board chair, the company said. Baldanza served as CEO and president of Spirit Airlines from 2005 until January 2016. He was a…
Indian budget airlines cut flight fares by 30% to beat lean season
Major Indian low-fare airlines have slashed fares by at least 30 percent to beat the lean season, which falls between June and mid-October, the company said. The company has noted…
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