Finance
BOC celebrates record net profit
BOC Aviation has recorded a $201m net profit for the year ending December 31, a record high.
THAI issues THB1.5bn bond with 12-year tenor
Thai Airways International (THAI) has issued a senior unsecured bond worth THB1.5bn with 12-year tenor and interest of 4.98 per cent per annum.
Worldwide Aviation merges with Monarch Air Group
Worldwide Aviation Group has completed its merger with Ft. Lauderdale, Florida-based Monarch Air Group.
Hedging dispute overshadows Chinese airline results
Chinese airlines have been flying without insurance against fuel prices for much of this year because of a dispute with international banks, according to a report in the Financial Times.
TAP profit dives
Flag carrier TAP Air Portugal has posted a €3.1m ($4.1m) profit for 2011 as it slumped from a €62m profit in 2010.
NetJets’ Chinese JV to feature consortium of investors
Private aviation company NetJets has released additional details about its new joint venture (JV) in the People’s Republic of China, NetJets China Business Aviation.
Chorus announces share dividend
Chorus Aviation has announced a quarterly dividend of $0.15 per Class A and Class B share payable on or after April 18, 2012 to shareholders of record at the close of business on March 30, 2012.
Collapsing Aveos hits out at Air Canada
Canadian MRO provider Aveos, which has filed for bankruptcy protection, has blamed main customer Air Canada for the loss of $16m revenue over the past two months.
Air Canada moves to bail out Aveos
Air Canada has offered Aveos $15m of debtor-in-possession (DIP) financing after the maintenance provider filed for insolvency.
Lufthansa Systems reports 2011 results
Lufthansa Systems has reported an operating result of €19m for 2011, with revenues at €599m, up 0.7 per cent year on year.
