Boeing announces 300 China orders and commitments
Boeing announced agreements for 300 China orders & commitments today after welcoming Chinese President Xi Jinping to its wide body commercial airplane factory.
The aerospace...
Airline industry should be integrating financial processes
Airlines face complex challenges related to financial management.
The industry is prone to revenue leakage, complex income streams, as well as tax reporting and compliance...
London City Airport is going up for sale
London City airport is about to be put up for sale, according to recent reports.
US-based Global Infrastructure Fund (GIP), owner of London City airport,...
Ryanair reports 66 percent increase in full-year profits
Ryanair posted a 66 percent increase in full-year profits for the year to March.
The Irish airline reported net profit for the year of €867...
Bombardier slashing 1,750 jobs as business jet demand slumps
Canadian multinational aerospace and transportation company Bombardier Inc. announced on Thursday that it planned to reduce its workforce by 1,750 in its business jet...
First Choice and Thomson travel brands dropped as Tui revamps its business
Hannover-based German multinational and tourism company TUI Group says it is dropping the British travel brand names First Choice and Thomson as it revamps...
Lufthansa first quarter results better than expected
Lufthansa posted an improvement in first-quarter earnings on Tuesday.
Lower fuel costs offset the effects of a weak euro.
However, the German airline said that further...
Southwest Airlines posts record first quarter income of $453 million
Southwest Airlines reported first quarter net income of $453 million, or 66 cents per share, nearly three times more than earnings of $152 million...
American Airlines posts record first quarter profit of $932 million
American Airlines posted impressive first-quarter profit of $932 million, which is nearly double the profit it made in the same quarter last year of...
Boeing finalizes Copa Airlines order for 61 airplanes
Boeing and Copa Airlines of Panama have finalized an order for 61 of Boeing’s 737 MAX 8 and MAX 9 airplanes.
The order would be...