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Cover Story
While the first half of 2008 has thrown up some challenges, deal advisers report that sufficient capital flows, confidence and the necessary component of government ...
25-Jul-2008
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UAL names CFO
UAL Corporation, the holding company for United Airlines, has announced that Kathryn Mikells will be named senior vice-president and chief financial officer (CFO), succeeding ...
19-Aug-2008
It's just speculation, but...
A bill to eliminate what lawmakers consider to be excessive speculation in oil recently failed to garner the necessary two-thirds majority in the US ...
07-Aug-2008
Shandong mandates PDPs
HSH Nordbank has closed the bank's first pre-delivery payment (PDP) onshore aircraft financing in China. The deal marks the first-ever complete handling of a ...
14-Aug-2008
Southwest makes revenue appointment
US-based Southwest Airlines has named Kay Weatherford as vice-president of revenue management and pricing. Weatherford joined Southwest Airlines in 1993 as an analyst in ...
14-Aug-2008
Arpeni completes loan
Indonesian drybulk shipping company Arpeni Pratama Ocean Line has signed a USD144 million loan to part-fund its USD180 million acquisition of four vessels delivering ...
07-Aug-2008
New deal for Allco
Allco Finance Group has reached an accord with its banking syndicate on terms of the company's senior debt facility, subject to documentation of those ...
07-Aug-2008
Hutchison tipped for Sweden project
Hong Kong-based port operator Hutchison Ports could be front-runner for a contract to operate a new container terminal being developed outside the Swedish capital ...
07-Aug-2008
Precious closes loan
Precious Shipping has signed its USD398.4 million long-term secured loan to finance nine handysize and six supramax vessels that are scheduled to deliver between ...
07-Aug-2008
Zhenhua loan is oversubscribed
Shanghai Zhenhua Port Machinery's USD100 million, three-year onshore bullet loan has been upped to USD177.5 million following oversubscription. Bank of Nova Scotia committed USD12.5 ...
07-Aug-2008
Flybe leasebacks completed
All three new Bombardier Q400s for UK regional airline Flybe, financed by sale/leaseback arrangements with Rand Merchant Bank, have been delivered. The transaction was ...
07-Aug-2008
Thai taps state bank loan
Thai Airways International has formally received a THB2 billion (USD59.5 million) commitment from state-owned Government Savings Bank, with the use of proceeds undisclosed. The ...
07-Aug-2008
Nakilat secures LNG facility
Qatar Gas Transport Co subsidiary Nakilat has secured a USD1.5 billion debt tranche from a group of 12 banks and the Korea Export Insurance ...
07-Aug-2008
US seeks fresh approach
A recent report by the US Federal Highway Administration (FHWA), part of the US Department of Transportation (DOT), has offered further evidence of a ...
07-Aug-2008
DEALWATCH
07-Aug-2008
Lessors buck the downturn
Business is booming for lessors as market conditions that are putting the squeeze on other sectors of the industry - high fuel costs, the ...
07-Aug-2008
Europe seeks to clear the air
Whether industry players choose to remain indignant or opt to work with Europe to shape the future of its emissions trading scheme (ETS), Europe ...
07-Aug-2008
RECENT ORDERS
07-Aug-2008
Used B-747s head to Israel
Knafaim Holdings, the parent company of El Al Israeli Airlines, said that its Global Knafaim Leasing unit has agreed to buy two used B-747-400s ...
07-Aug-2008
Two join BOC Aviation
BOC Aviation has appointed Peter Davis as head of corporate finance, responsible for the company's global treasury, funding, hedging, cashflow planning and cash-management activities. ...
07-Aug-2008
Government approves Austrian privatisation
Austrian Airlines is set to be fully privatised following an agreement by the outgoing coalition government on terms for the sale. According to Vice-Chancellor ...
07-Aug-2008
Asiana parent to raise capital
Kumho Asiana Group, owner of South Korea's Asiana Airlines, plans to raise about KRW4.57 trillion (USD4.5 billion) by selling property and stakes in affiliates. ...
07-Aug-2008
Regulator may force cash bid
The Spanish stock market regulator may force the British Airways-Iberia holding company to launch a mandatory cash bid if its share swap offer does ...
07-Aug-2008
Air Jamaica names CEO
Edward Wegel has been appointed as chief executive officer (CEO) of financially troubled national airline Air Jamaica, effective at the end of August. Wegel ...
07-Aug-2008
LOT to restructure
In light of poor financial performance, troubled Polish airline LOT plans to restructure as the carrier is facing a liquidity crisis. The carrier estimates ...
07-Aug-2008
Vietnam may delay share sale
The government will most likely postpone the sale of a 10 per cent to 20 per cent stake in national carrier Vietnam Airlines to ...
07-Aug-2008
IATA reports tough June
The International Air Transport Association (IATA) released international traffic data for June that showed a continued slowing of demand growth for air transport. Cargo ...
07-Aug-2008
Capital increase for Eurofly
Italian airline Eurofly has drawn up a new business plan for 2008-12 and has approved a EUR55 million (USD 85 million) capital increase. It ...
07-Aug-2008
PANY/NJ to defy Washington
The Port Authority of New York and New Jersey (PANY/NJ), the bi-state agency that operates the New York metropolitan area's major airports, plans to ...
07-Aug-2008
Ryanair looks to buy 400 aircraft
Irish low-cost airline Ryanair is in negotiations with Airbus and Boeing to buy up to 400 aircraft. Currently, Ryanair - which aims to secure ...
07-Aug-2008
Flydubai names COO
Low-cost carrier Flydubai announced the appointment of Kenneth Gile as chief operating officer (COO). Previously, Gile was president and COO of Skybus Airlines and ...
07-Aug-2008
Bonds from Thai operator
State Railway of Thailand on 31 July sold THB1 billion (USD26 million) in 5.46 per cent 10-year bonds. The manager of the paper was ...
06-Aug-2008
Arik Air signs PDP facility
Nigerian carrier Arik Air has tapped funds totalling NGN35 billion (USD292.3 million) from a consortium of domestic banks for pre-delivery payment (PDP) finance on ...
06-Aug-2008
Hainan Air to issue bonds
Approval has been given to Hainan Airlines to issue up to CNY2.7 billion (USD40 million) of corporate bonds. A tenor of five years is ...
06-Aug-2008
Monorail proposal for Australia
A joint venture between Germany's Siemens and ThyssenKrupp - known as Transrapid - has proposed building a monorail to run between Geelong and Frankston ...
06-Aug-2008
IPO for Chinese shipbuilder
Jiangsu Rongsheng Heavy Industry Group plans to sell shares worth as much as USD2 billion in an overseas initial public offering (IPO), possibly this ...
06-Aug-2008
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