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Hong Kong-based China Aircraft Leasing Group (CALC) posted a 2016 net profit of 638.4 million Hong Kong dollars ($82.3 million), up 67.9% from the company’s HK$380.2 million net profit in 2015.
CALC’s revenues for the year totaled HK$2.4billion, up 58% over HK$1.5 bi
The 12-passenger jet was thrown into a freefall over the Arabian Sea due to so-called "wake turbulence" from an Airbus A380.
Business Aviation has a terrible reputation in West Africa.
Air Partner’s Aircraft Remarketing division (formerly Cabot Aviation), a leading aircraft remarketing agent, is pleased to announce that it has arranged the sale of two B747-400 aircraft on behalf of China Airlines.
Pakistan International Airlines (PIA) has decided to float a separate tender for the sale of engines of all four grounded A-310 aircraft in order to generate an additional US$ 30 million approximately; it was learnt.
The decision was made after the allegations leveled by offic
Defending itself against the criticism of the Comptroller and Auditor General (CAG), Air India has defended the sale of five Boeing 777-200 LR planes to Etihad, saying it was the best option to check the loss and reduce debt.
The CAG has criticized Air India for selling the aircraft below its indicati
A Texas-based entity that once proposed handling Lawton Fort Sill Regional Airport's fixed base operations will be coming to the airport in a smaller capacity.
Members of the Lawton Metropolitan Area Airport Authority, the airport's governing board, agreed Tuesday to rent office
Airbus Group SE (EADSF) stock lost altitude Friday after the European plane maker said French authorities had launched an investigation into potentially illegal activities relating to the financing of aircraft sales.
The French probe mirrors an ongoing investigation by the U.K.'s Serious Fraud O
ircraft sales, which can cause large swings in the data, were not the only story, however, as orders excluding the volatile transportation category have now risen for six consecutive months.
Orders for manufactured big-ticket products continued to rise in Febr
AAR Corp. reports news business wins during the third quarter of fiscal year 2017, as well as an increase in sales. Third quarter diluted earnings per share from continuing operations of 38 cents, which is an increase of 31% from the third quarter of fiscal year 2016.