- Boeing Profit Lifted by Commercial, Defense Sales[Oct. 26, 2011]
Boeing Co posted a larger quarterly profit on Wednesday, topping analyst forecasts, on strong commercial and military sales, and the company raised its earnings forecast for the full year.
- Air Pacific Selects Versatile A330 for Fleet Renewal and Growth[Oct. 25, 2011]
Fiji's national carrier, Air Pacific, has selected Airbus aircraft to renew and to grow its fleet. After a thorough evaluation of several different aircraft, including the Boeing 787, the carrier has signed a firm contract to buy three new A330-200 aircraft to replace its existing fleet of Boeing 747s and 767s with newer, more fuel-efficient aircraft delivering the lowest operating costs and highest productivity in its category.
- Indian National Airline to Cut Dreamliner Order: Report[Oct. 26, 2011]
Indian state-run airline, Air India Ltd, will cut its order of Boeing Dreamliner jets by more than half, the Economic Times reported on Wednesday citing an unnamed government official, as the cash-strapped carrier reels under billions of dollars of debt.
- China's HNA Group Builds US$6.3 Billion Warchest for Deals in Europe, U.S.[Oct. 24, 2011]
HNA Group, the Chinese investor in aviation, shipping and hotels, said it has access to as much as 40 billion yuan (US$6.3 billion) of credit lines to support acquisitions in Europe and the U.S.
- Ryanair Eyeing New Phase of Growth - FT[Oct. 23, 2011]
Ryanair is in talks with U.S., Chinese and Russian aircraft manufacturers about the possibility of buying 200 to 300 planes between 2015 and 2021, the Financial Times reported on Monday.
- COMAC Wins 20 C919 Orders from Sichuan Air, Second Deal in Week[Oct. 21, 2011]
Commercial Aircraft Corp. of China won an order for 20 C919 aircraft from Sichuan Airlines, its second contract for the plane this week.
- Air Canada Downgraded on Economic Weakness[Oct. 21, 2011]
UBS has cut its price target on Air Canada shares in half from C$3.00 to C$1.50 and reduced its rating to neutral from buy in anticipation of a prolonged period of slow economic growth and more moderate capacity improvements.
- China's HNA Group Cuts Price for NH Hoteles Stake[Oct. 17, 2011]
HNA Group, parent of China's Hainan Airlines, has changed the conditions of its purchase of a stake in Spain's NH Hoteles, cutting the share price of a capital increase to EUR5.35 per share from an original EUR7 per share, the Spanish hotel group said on Monday.
- TAM Airlines Finalizes Contract for 32 Airbus A320 Aircraft[Oct. 20, 2011]
TAM Airlines, Brazil's largest airline has finalized a purchase agreement for 32 eco-efficient Airbus A320 aircraft, comprising of 22 A320neo and 10 A320 Family aircraft, the France-based aircraft maker said Thursday.
- Another Airline Headed for Bankruptcy?[Oct. 21, 2011]
No one ever said that airline stocks were easy-money investments where you can just sit back and watch the profits flow. Hyper-sensitivity to fuel costs, economic conditions and intense competition have always made them prone to occasional booms - and frequent busts.