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Latest Finance news

Boeing Forms New Innovation Cell; Invests in Tech Companies Upskill, Zunum Aero

Bombardier's Executive Chairman Makes Statement Declining Compensation Increase for 2016

Bombardier announced that Mr. Pierre Beaudoin, Bombardier’s Executive Chairman, has requested that the Bombardier Board of Directors reset his compensation for 2016 to bring it back to its 2015 level. “After listening to the recent public debate about the compensation of senior execut...

airBaltic – Growth and Profit in 2016

The Latvian airline airBaltic has achieved its first year of growth after the successful turnaround period, and demonstrated positive results, both on EBIT and net income. “After an intensive period of turnaround airBaltic is back on a profitable growth path and able to offer lower prices a...

Investor To Join TP Aerospace

We are happy to announce that 20 March 2017 we embarked on a new partnership with the Danish private equity fund CataCap who has acquired a majority stake in our company. The two founders and owners of TP Aerospace, Peter Lyager and Thomas Ibsø, will continue to form the executive management team and hold significant shares in TP Aerospace. Since 2010, we have experienc...

Finnair Issues EUR 200 Million Bond

Finnair Plc issues a senior unsecured bond of EUR 200 million (the “Bond”). The Bond matures on 29 March 2022, it bears a fixed annual interest at the rate of 2.250 percent and has an issue price of 99.925 percent. The bond is callable before its final maturity. “Finnair’s prudent execution of its accelerated growth strategy and continued improvement in financi...

Leonardo: the BOD proposes the distribution of a € 14 cent. dividend after six years

Outstanding commercial performance with New Orders for EUR 20 billion. Book-to-bill ratio above 1 in all Sectors EBIT, EBITA and EBITDA higher than 2015 by 11%, 4% and 2% respectively Double-digit profitability target exceeded. 2016 RoS at 10.4%, with all Sectors above 10% Net Result Before Extraordinary Transactions at EUR 545 million, more than double 2015 at EUR 253 million Return on...

EU clears GE acquisition of Danish rotor blade maker LM Wind Power

The European Commission said on Monday it had cleared General Electric Co's (GE.N) $1.65 billion acquisition of Danish rotor blade maker LM Wind Power as the merged entity would continue to face effective competition in Europe. General Electric produces onshore and offshore wind turbines, but only has a relatively small market share, the Commission said in a statement. LM Wind...

Alitalia’s board approves profitability strategy including €1bn in cost cuts by 2019

Alitalia’s board has approved a turnaround plan that will include cost cuts of €1 billion (Dh3.94bn) and an increase in the number of transatlantic flights as the airline seeks to achieve profitability by the end of 2019. The 2017-21 business strategy also envisages a 30 per cent rise in revenue to €3.7bn from €2.9bn by 2019 led by the effects of about €200 million of...

XTI Aircraft Company and Bye Aerospace form alliance on hybrid/electric vertical takeoff airplane

XTI Aircraft Company (XTI) and Bye Aerospace, Inc. (Bye) jointly announced today that the two companies have entered into an agreement to develop a hybrid/electric prototype of XTI's revolutionary TriFan vertical takeoff airplane. "We're continuing with our plan," said Robert J. LaBelle, XTI's Chief Executive Officer, "but we've made two important changes.&nb...

Boeing Expands Production with Investment in New UK Site and US Facility

Boeing announced that it plans to open a production facility in Sheffield, United Kingdom, to manufacture high-tech components for Boeing’s Next-Generation 737, 737 MAX and 777 aircraft. These actuation systems will be used on the trailing edge of wings of these models. The new facility, the result of a Boeing investment of more than £20 million, is part of a broader plan...

MTU Aero Engines AG posts new record revenues and earnings for 2016

• 2017: End of investment phase with further increase in revenues, earnings and free cash flow • Outlook for 2017: Revenues of approx. €5.1 to €5.2 billion, stable operating margin, net income rising at a higher rate than operating profit – Provisional figures, subject to approval by the Supervisory Board – MTU Aero Engines AG once again set new records...

Piper Aircraft announces 26% increase in billings for 2016

Piper Aircraft, Inc. announced following the release of the General Aviation Manufacturers Association (GAMA) Annual Industry Review a 26.7% increase in aircraft billings for 2016. The year-end aircraft shipments and billings numbers were presented by Piper Aircraft President and CEO, Simon Caldecott, the 2017 Chairman of GAMA. The substantial growth was driven by the certification and del...

Airbus delivers Full-Year 2016 results in line with guidance

Airbus reported 2016 financial results with its guidance achieved for all key performance indicators and provided an outlook for 2017. “We have delivered on the commitments that we gave a year ago and achieved our guidance and objectives, with one exception, the A400M, where we had to take another significant charge totalling 2.2 billion euros in 2016. De-risking the programme and st...

LMI Aerospace Enters into Merger Agreement to be Acquired by Sonaca Group

LMI Aerospace Inc.has entered into a merger agreement to be acquired by Sonaca Group, a global aerostructures company headquartered in Gosselies, Belgium. Under the agreement, LMI shareholders will receive $14 per share in an all-cash transaction. Sonaca’s offer represents a 52 percent premium over LMI’s closing share price on Feb. 16, 2017, of $9.19 per share, a 63 perc...

GE Aviation’s Five-Year Investment in U.S. Operations Exceeds $4 Billion

Buoyed by record production on a new-generation of jet engines, engine components and aircraft systems, GE Aviation investments reached $4.3 billion in its expanding U.S. operations during 2011-2016 with another $1.1 billion invested in its international sites. The U.S. investments include $214 million to establish five new plants in Ellisville, Mississippi; Auburn, Alabama; Asheville, North Ca...

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Essential news

Avolon places landmark order for 110 Airbus A320neo and A330neo aircraft

Avolon, one of the world’s leading aviation finance companies, has reinforced its long-term growth strategy with a firm order for 110 Airbus aircraft, including 35 A330-900 widebodies and 75 A32...