Delta contributes USD350m in stock to pension plan
Delta Air Lines (NYSE: DAL) has contributed USD350 million in shares of its common stock to its pension plans, the company said. This is in addition to the USD825 million…
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WestJet shares will trade on TSX under single ticker
WestJet Airlines Ltd. common voting and variable voting shares will trade under a single ticker on the Toronto Stock Exchange ("TSX") effective as of February 18, 2016, the company said.…
Lingacom awarded EUR1m for muon-based vehicle scanning solution
Lingacom Ltd., a developer and manufacturer of muon-based detection solutions, has been awarded a EUR1 million contract by the European Commission´s Horizon 2020 SME Instrument for the development of an…
Cobalt Valkyrie pre-orders surpass USD50m
Cobalt, the premier manufacturer of design-centric private aircrafts, has received more than USD50 million in pre-orders of the company´s first model, the Co50 Valkyrie, within the first 90 days, the…
Waypoint Leasing opens regional offices
Helicopter leasing company Waypoint Leasing (Ireland) Limited has opened two new regional offices, covering the company´s operations in Australia and Africa/The Middle East, the company said.Waypoint´s Australia office, located in…
Genco taking HQ to Cranberry Township
Genco, A FedEx company, has announced plans to relocate its headquarters to meet expansion needs, the company said. The Pittsburgh-based company will relocate from its current location in Papercraft Park…
Global Aerospace premiers Aeroinsure
Aerospace insurance provider Global Aerospace has launched Aeroinsure, a simple-to-use online aviation underwriting and policy management system, the company said. Using Aeroinsure, brokers can instantly and cost effectively access the…
Frontier Services Group plans investment in Malta-based aviation services company
Frontier Services Group Limited (SEHK: 00500) has entered into definitive investment agreements to acquire a major stake in Maleth Group, an aviation services business based on the southern European island…
Southwest Airlines profit sharing sets record
Southwest Airlines Co. (NYSE: LUV) will share USD620 million through its Profit Sharing Plan with its employees for 2015--equaling approximately 15.6 percent of each eligible Employee´s eligible compensation, or the…
Aircastle FY 2015 revenues flat
Aircastle Limited total revenues in 2015 were USD819.2 million, essentially flat with the previous year, the company said. Lease rental revenues increased USD18.8 million versus the previous year, reflecting the…
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