Tag: investment

Small Planet Airlines Poland Seeking Additional Investment

Polish leisure carrier Small Planet Airlines Sp. z o. o announced it has entered into restructuring (accelerated arrangement proceedings) under the Polish law. This step has been planned as an integral part of the business administration changes in Small Planet Group. Small Planet Airlines Sp. z o. o, the biggest Polish charter airline by passengers […]

China Encourages Private Investment into Aviation Projects Worth $16B

China would encourage private investment in 28 airport, drone and maintenance projects worth a total of US$16 billion, as part of its efforts to make the sector more globally competitive, the Civil Aviation Administration on China said in a joint statement with the National Development and Reform Commission, Reuters report. Eleven of those projects already […]

Gatwick’s Airport Announces New Five-Year Investment Plan

At the British-Irish Airports Expo in London, London Gatwick Airport’s Chief Executive, Stewart Wingate, announced a new five-year Capital Investment Plan (CIP) for Gatwick Airport which will see an investment of £1.1bn over a five-year period, with £266m already earmarked for 2018/2019 alone. Gatwick sees continued growth in the long-haul market, predicting passenger numbers increasing […]

Boeing Crowdsources Employee Ideas for $100 Million Tax Reform Investment

Boeing wrapped up a crowdsourcing initiative March 9 that gathered employee ideas for workforce investments that the company has pledged to make as a result of the benefits of tax reform legislation. Boeing asked employees directly for ideas on how to spend $100 million on learning and development for the future. The company built a […]

Ryanair Announces $300m Investment With 3 New Aircraft At Manchester

Ryanair, Europe’s favourite airline, announced an additional investment of $300 million at Manchester airport with an extra three based aircraft for its peak summer 2018 schedule (June-September) as it added 10 new summer routes to Agadir, Almeria, Barcelona Reus, Belfast, Cagliari, Palermo, Ponta Delgada, Porto, Rhodes, & Venice Treviso and more flights on existing routes. […]

Indian Government Clears Way for Major Foreign Investment in Air India

In a politically charged move, the Indian Narendra Modi government has agreed to sell a 49% stake in the state-owned flag carrying airline, Air India, thus still retaining a controlling interest. This is seen as a strategic divestment of an airline which has failed to show an annual operating profit for over ten years, and […]

Is The Current Investment Climate in Aviation Favourable for New IPOs?

Being shocked by a number of bankruptcies, for around 7 years the global aviation industry had been subject to diminished enthusiasm from investors. However, since 2016, record-low aviation fuel prices have led to more green on the airlines’ balance sheets, growing cash flows in the market and an increasingly positive outlook on the future of […]

Lufthansa Group Approves $1.2 Billion Growth Plan For Eurowings

Lufthansa Group’s supervisory board has approved a €1 billion ($1.2 billion) investment to purchase and lease up to 61 aircraft for its LCC subsidiary Eurowings as the bidding process for parts of the insolvent airberlin continues. The funds will be used to acquire up to 41 Airbus A320 family aircraft and 20 Bombardier Dash 8 […]

Malaysia Airlines Sees Steady Progress In Q2 2017

Malaysia Airlines experienced a tough second quarter with heightened competition and adverse forex movement. Load factors continued to be strong and passenger revenue saw positive year on year (YoY) growth amidst the tough operating environment. Group CEO Peter Bellew said, “The second quarter passenger revenue saw an increase of 8%, on the back of 1.8% […]

Edinburgh Airport Expanding To Meet Anticipated Record Passenger Demand

Work has begun on the construction of an extension to the South-East Pier of Edinburgh Airport which should be completed by the summer of next year. The extension will see the creation of new boarding gates and seating areas between gates 13 and 14.Work has begun on the construction of an extension to the South-East […]