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PAI Partners To Sell Swissport To HNA

July 30, 2015

PAI Partners To Sell Swissport To HNA

European private equity firm PAI Partners has agreed to sell air cargo handler Swissport to China's HNA Group for CHF2.7 billion Swiss francs (USD$2.8 billion).


Rolls-Royce's Half-Year Profit Slumps

July 30, 2015

Rolls-Royce's Half-Year Profit Slumps

Rolls-Royce reported a 32 percent drop in half-year profits, due to a higher research and development charge and a change in the mix of commercial aircraft engines it produces.


Kenya Air Says Tourism Slump May Have Bottomed Out

July 30, 2015

Kenya Air Says Tourism Slump May Have Bottomed Out

Kenya Airways sank deeper into the red in the year to March, but chief executive Mbuvi Ngunze said the tourism slump that sparked the losses may have bottomed out.


Virgin America Net Profit Jumps 76 Percent

July 30, 2015

Virgin America Net Profit Jumps 76 Percent

Virgin America reported a 76 percent jump in quarterly profit, helped by higher US travel and lower fuel costs.


Safran H1 Profit Up On Strong Aftermarket

July 30, 2015

Safran H1 Profit Up On Strong Aftermarket

Safran on Thursday reported a 22.5 percent rise in first-half operating income, buoyed by civil jet engine overhauls.



Malaysia Almost Certain Debris Is From A 777

July 30, 2015

Malaysia Almost Certain Debris Is From A 777

Malaysia is "almost certain" that plane debris found on Reunion Island in the Indian Ocean is from a Boeing 777, heightening the possibility it could be wreckage from missing flight MH370.


Boeing May Move Work Abroad Over Ex-Im Lapse

July 29, 2015

Boeing May Move Work Abroad Over Ex-Im Lapse

Boeing chairman Jim McNerney said the aircraft maker is actively looking at moving "key pieces" of its operations to other countries given uncertainty about the future of the Export-Import Bank, whose charter expired on June 30.


Singapore Airlines Q1 Profit Improves

July 29, 2015

Singapore Airlines Q1 Profit Improves

Singapore Airlines reported a stronger first-quarter profit, on lower fuel costs and the sale of seven Airbus A350 production slots


Boeing Union Calls Job Threat 'Unacceptable'

July 29, 2015

Boeing Union Calls Job Threat 'Unacceptable'

The president of Boeing's largest union called "unacceptable" a threat by Boeing chairman Jim McNerney to move jobs due to the uncertain future of the US Export-Import Bank.


Debris Studied For Links To MH370

July 29, 2015

Debris Studied For Links To MH370

French authorities are studying a piece of plane debris found on Reunion Island in the Indian Ocean to determine whether it came from Malaysia Airlines MH370.