Air New Zealand to begin layoffs due to impact of coronavirus
Air New Zealand has announced it will start the process of laying off up to 3,500 workers in light of the loss of NZD 5 billion (USD 3 billion) in…
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Boeing wins USD 1.5bn contract for 18 maritime patrol aircraft
Boeing has announced it has been awarded a USD 1.5 billion contract by the US Navy for 18 P-8A Poseidon maritime patrol aircraft, the company said.The contract is for six…
China Southern's reports 23% profit in 2019
China Southern Airlines, based in Guangzhou, has reported a 22.9% increase in operating profits in 2019, growing to CNY 10.8 billion (USD 1.5 billion), the company said.Revenue was up 7.4%…
Virgin Australia seeks government support of AUD 1.4bn to battle economic downturn caused by coronavirus
Virgin Australia has announced it is seeking AUD 1.4 billion (USD 865m) from the Australian government to combat economic fallout from COVID-19, the company said.The Australian government announced on 18…
Brazil's BNDES prepares emergency financing for airlines
Reuters has reported BNDES, a Brazilian development bank is working to gain emergency financing for airlines in April and could extend a lifeline to other companies needing both capital and…
Aircastle reports passive foreign investment statement for 2019
Aircastle Limited (NYSE: AYR), a PFIC (passive foreign investment statement) has announced it has posted its 2019 PFIC Annual Information Statement to its website, the company said.Aircastle is considered a…
Sheremetyevo Airport JSC reports 24.75% increase in 2019 revenue
Board of directors of Sheremetyevo International Airport JSC (SVO JSC), operator of Sheremetyevo International Airport, has approved the revenue statement of 2019, reporting RUB 39,239 million, an increase of 24.76%…
Spirit Airlines adopts stockholder rights agreement
Board of directors of Spirit Airlines, Inc. (NYSE: SAVE) has approved the adoption of a limited duration stockholder rights agreement and declared a dividend distribution of one right for each…
Raytheon Missile Systems awarded USD 2bn multi-year contract for missile-3 block IB
Raytheon Missile Systems has announced it has been awarded a contract for Missile-3 block IB for USD 2,139,779,656, the company said.This contract is a hybrid of fixed-price incentive, firm-fixed-price, and…
Aircastle finalizes merger with Marubeni, Mizuho
Aircastle Limited (NYSE: AYR) has announced the completion of a merger with a Marubeni Corporation and Mizuho Leasing, the company said.The closing of the transaction follows the receipt of regulatory…
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