Boeing Forecasts $550 Billion Market in Middle East for New Aircraft
DUBAI - Boeing (NYSE: BA) forecasts that airlines in the Middle East will require 2,610 new aircraft over the next 20 years, worth an estimated $550 billion.
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BOC Aviation of Bank of China Prices First Offshore RMB Bond
BOC Aviation Pte. Ltd. ("BOC Aviation") has priced its first offshore RMB*-denominated bond. The coupon on the 5-year unsecured notes of RMB 1 billion is 4.5 percent per annum. The notes will close on 20 November 2013, subject to the satisfaction of customary closing conditions
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Turkish Airlines Released Figures for Thrid Quarter Reporting $ 343 Million Net Profit with 26 Percent Revenue
ISTANBUL - Turkish Airlines released its third quarter consolidated financial statements as reported to Borsa Istanbul (Turkey's Stock Exchange). Compared to the same period of 2012, Turkish Airlines sales revenue increased 28 percent for the third quarter and 26 percent for the nine months reaching a total of over $ 920 million (13.9 billion Turkish Lira - TRY).
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SITA Released Report: Airport IT Investment Set to Reach $6 Billion
DOHA - The world’s airports are increasing their investment in information technology (IT) to approximately US$6 billion in 2013. This is according to the 2013 SITA/ACI/Airline Business Airport IT Trends Survey released today.
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Boeing. Xiamen Airlines Mark the Airline’s 100th Aircraft Delivery
SEATTLE - Formed in 1984 as China's first joint venture between CAAC and a municipal government, Xiamen Airlines started services in 1985 with two Boeing 737-200s serving three cities.
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Emirates Group Release Half-Year Figures with $11.5 Billion in Revenues and $ 600 Million in Net Profits
DUBAI - The Emirates Group today announced its half-year results with revenues at AED 42.3 billion ($ 11.5 billion) for the first six months of its current fiscal year ending 30 September 2013, up 13 percent from AED 37.5 billion ($ 10.2 billion) at 30 September 2012.
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Boeing Delivers Ethiopian Airlines’ First 777-300ER Aircraft
SEATTLE - Boeing (NYSE: BA) has delivered a 777-300ER (Extended Range) aircraft to GE Capital Aviation Services (GECAS) for lease to Ethiopian Airlines.
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