Airline

Investing in the Electric Aircraft Revolution

Retrieved on: 
Wednesday, April 3, 2024
Aircraft, EPS, Airbus CityAirbus, Transport, CAE Inc., Eye, CAE, Nextgen, USD, Pratt & Whitney, Partnership, Air travel, Joby, Macquarie Infrastructure Corporation, MacDill Air Force Base, City, Lilium Jet, UAM, USSOCOM, Joby Aviation, Safety, Compound annual growth rate, KULR, Advanced Air Mobility, United States Air Force, Strategic planning, CENTCOM, EASA, Eviation Alice, Research, News, Lilium, EHang, AMC, TRS, Air Mobility Command, Spacecraft, United States Central Command, Growth, FBO, Aviation, AAM, Airline

According to research from MarketsandMarket s, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030.

Key Points: 
  • According to research from MarketsandMarket s, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030.
  • KULR Technology Group, Inc. (NYSE American: KULR), betting on the electrification of everything, will play a key role in the safety of the electric aircraft future.
  • From startups like Eviation with their Alice aircraft to major players like Airbus and their E-Fan X project, the race is on to develop viable electric planes.
  • Some smaller electric aircraft are already taking to the skies for test flights ."

Cinese International Announces 2023 Annual Results

Retrieved on: 
Wednesday, March 27, 2024
Republic, Growth, HK, Air travel, Health, International Air Transport Association, COVID-19, Knowledge, Travel, Airline, IATA, ARC, Tourism

HONG KONG, Mar 27, 2024 - (ACN Newswire) - Air ticket distributor, travel business process management services provider and travel products services provider Cinese International Group Holdings Limited ("Cinese International", collectively with its subsidiaries, the "Group"; stock code: 1620) has announced its annual results for the year ended 31 December 2023.

Key Points: 
  • HONG KONG, Mar 27, 2024 - (ACN Newswire) - Air ticket distributor, travel business process management services provider and travel products services provider Cinese International Group Holdings Limited ("Cinese International", collectively with its subsidiaries, the "Group"; stock code: 1620) has announced its annual results for the year ended 31 December 2023.
  • The Group recorded a total revenue of approximately HK$103.5 million for the year ended 31 December 2023 (2022: HK$45.8 million).
  • Gross profit increased by approximately 96.4% year-on-year to approximately HK$44.2 million in 2023 (2022: HK$22.5 million); overall Gross profit margin was 42.7%.
  • Ms. Mariana Kou, Chairperson and Executive Director of Cinese International, said, "The Group has resumed providing package tours in the first quarter of 2023.

CALC Announces 2023 Annual Results

Retrieved on: 
Tuesday, March 19, 2024
Aircraft, TransNusa, CALC, Moody's Investors Service, Growth, RMB, Airbus, ESG, ARJ21, PDP, CAG, BA1, COMAC, USD, Economics, Fitch, AAA, Airline

Shareholders Profit Surged by Four Times

Key Points: 
  • Shareholders Profit Surged by Four Times
    HONG KONG, Mar 19, 2024 - (ACN Newswire) - China Aircraft Leasing Group Holdings Limited ("CALC" or the "Company", together with its subsidiaries, the "Group"; SEHK stock code: 01848), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce its annual results for the year ended 31 December 2023 (the "Review Year").
  • Together with the 2023 interim dividend of HK$0.15 per share already paid, total dividend payout for the year 2023 amounted to HK$0.30 (2022: HK$0.30 per share).
  • The Company has resumed its scrip dividend scheme for the final dividend for 2023.
  • As at 31 December 2023, the Group had cash and cash equivalents amounting to HK$5,300 million up 49.1% year-on-year.

Brightline West Awards Atlas Engineering and Design Contract

Retrieved on: 
Tuesday, April 9, 2024
Federal Railroad Administration, Wi-Fi, Travel, Las Vegas Strip, FRA, Transport, City, CO2, Soil, Consultant, HSR, Airline

AUSTIN, Texas, April 09, 2024 (GLOBE NEWSWIRE) -- Atlas Technical Consultants Inc. (Atlas), a leading provider of infrastructure and environmental solutions, has been selected among a team of consultants to manage the geotechnical engineering and design of Brightline West — a fully electric, passenger high-speed rail (HSR) system that will connect Southern California and Las Vegas.

Key Points: 
  • AUSTIN, Texas, April 09, 2024 (GLOBE NEWSWIRE) -- Atlas Technical Consultants Inc. (Atlas), a leading provider of infrastructure and environmental solutions, has been selected among a team of consultants to manage the geotechnical engineering and design of Brightline West — a fully electric, passenger high-speed rail (HSR) system that will connect Southern California and Las Vegas.
  • “As a nation, we are collectively seeking sustainable transportation solutions, and Brightline West will set a precedent for the future of mobility,” said Atlas CEO Jacque Hinman.
  • Trains will be capable of achieving speeds of 200 mph, making Brightline West the fastest high-speed rail system in America.
  • By providing essential insights into ground stability and potential hazards, Atlas will inform crucial decisions throughout development, mitigating risks and optimizing design for long-term reliability.

Tacton Expands Partner Network With Sirocco Group

Retrieved on: 
Monday, April 8, 2024
Tetra, Automation, Alfa Laval, Software as a service, Growth, Partnership, Marketing, CPQ, Airline

Under the partnership, Sirocco Group will expand its position from an implementation partner to a reseller of Tacton CPQ, a result of a significant increase in demand for the manufacturing industry’s leading CPQ SaaS solution.

Key Points: 
  • Under the partnership, Sirocco Group will expand its position from an implementation partner to a reseller of Tacton CPQ, a result of a significant increase in demand for the manufacturing industry’s leading CPQ SaaS solution.
  • The partnership between Sirocco and Tacton dates back to 2018 when the two companies began collaborating to successfully complete CPQ projects for Tacton customers.
  • Following years of success, Sirocco has now increased its services partnership with Tacton to become a global reseller of Tacton CPQ.
  • “Expanding our partner network is crucial as Tacton experiences significant growth in global demand for our CPQ platform,” said Viveka Tengö, vice president of global channel and alliances at Tacton.

Paramount Business Jets Expands Luxurious Private Jet Services in Dubai

Retrieved on: 
Monday, April 8, 2024
Partnership, Better Business Bureau, Travel, Paramount, Trustpilot, Dun & Bradstreet, Jet, Airline

LEESBURG, Va., April 08, 2024 (GLOBE NEWSWIRE) -- Paramount Business Jets, a leading name in private jet charter services headquartered in the United States, is proud to announce its strategic expansion in Dubai.

Key Points: 
  • LEESBURG, Va., April 08, 2024 (GLOBE NEWSWIRE) -- Paramount Business Jets, a leading name in private jet charter services headquartered in the United States, is proud to announce its strategic expansion in Dubai.
  • This initiative aims to cater to the increasing demand for private jet services among high-net-worth individuals in the Middle East.
  • Paramount is also extending an invitation to affiliates interested in collaborating with a prestigious private jet company known for its excellence and reliability.
  • Learn more about our Dubai private jet services , pricing and values at Paramount Business Jets online.

UNITED ALERT: Bragar Eagel & Squire, P.C. is Investigating United Airlines Holdings, Inc. on Behalf of United Stockholders and Encourages Investors to Contact the Firm

Retrieved on: 
Saturday, April 6, 2024
Transport, UAL, Tax, Telephone, Aviation, Bloomberg, Total revenue, P.C, Safety, Federal Aviation Administration, Airline

NEW YORK, April 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against United Airlines Holdings, Inc. (“United” or the “Company”) (NASDAQ: UAL) on behalf of United stockholders.

Key Points: 
  • NEW YORK, April 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against United Airlines Holdings, Inc. (“United” or the “Company”) (NASDAQ: UAL) on behalf of United stockholders.
  • Our investigation concerns whether United has violated the federal securities laws and/or engaged in other unlawful business practices.
  • Chicago, IL based United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America.
  • Shares of United Airlines Holdings, Inc. (NASDAQ: UAL) reached as high as $58.23 per share in July 2023.

Willis Lease Finance Corporation Welcomes Colm Barrington to its Board of Directors

Retrieved on: 
Friday, April 5, 2024
Tax, Growth, Aer Lingus, University college, Part, Knowledge, GE Capital Aviation Services, COVID-19, FBO, Sale, Aviation, Acquisition, FLY Leasing, Security (finance), BBAM, University College Dublin, Babcock & Brown, GECAS, Aircraft, WLFC, Economics, Guinness Peat Aviation, Airline

COCONUT CREEK, Fla., April 05, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), the leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce the appointment of Colm Barrington to its Board of Directors (“the Board”) effective April 1, 2024.

Key Points: 
  • COCONUT CREEK, Fla., April 05, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), the leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce the appointment of Colm Barrington to its Board of Directors (“the Board”) effective April 1, 2024.
  • Mr. Barrington left his role at GECAS soon after to start his own aircraft lease management company, which later merged into Babcock & Brown Limited.
  • "We are delighted to announce the addition of Colm to our Board of Directors," stated Charles F. Willis, Founder and Executive Chairman of WLFC.
  • Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide.

Grupo Aeroportuario del Pacifico Reports in March 2024 a Passenger Traffic Decrease of 0.6% Compared to 2023

Retrieved on: 
Thursday, April 4, 2024
Mexican Stock Exchange, Sangster International Airport, GAP, Mercado, Norman Manley International Airport, WhatsApp, City, Airport, Sarbanes, Audit committee, Airline

In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”.

Key Points: 
  • In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”.
  • The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements.
  • Such statements reflect the current views of management and are subject to a number of risks and uncertainties.
  • The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors.

Volaris Reports March 2024 Traffic Results: 87% Load Factor

Retrieved on: 
Thursday, April 4, 2024
ASM, Revolutions per minute, Pratt & Whitney, BMV, VLRS, ULCC, Yoy, ASMS, Volaris, Airline

de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its March 2024 preliminary traffic results.

Key Points: 
  • de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its March 2024 preliminary traffic results.
  • In March 2024, Volaris' ASM capacity decreased by 15.8% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings.
  • However, load factor increased by 1.3 pp YoY to 86.8%, as RPMs decreased by less than capacity.
  • Throughout the quarter, we achieved a robust load factor, with a well-balanced market mix aimed at maximizing profitability.”