Europe's largest low-cost airline agrees to buy 100 Boeing Co 737 MAX 8 jetliners with an option for 100 more.» Read More
Irish airline enjoys better-than-expected first quarter in which net income rose 152 percent from a year earlier.
The company forecast that pretax profits for the 12 months to the end of September would be in the range of 545 million pounds to 570 million pounds and the range included the impact from situations in Israel, Egypt and Moscow.
European shares pared losses to close mixed on Friday with investors cautious after a passenger jetliner was shot down in eastern Ukraine.
EDINBURGH, July 18- European stocks fell on Friday, extending losses made late in the previous session after a passenger plane was shot down over eastern Ukraine, fuelling tensions between Russia and the West. Airline stocks such as Deutsche Lufthansa and Ryanair were 1.5 percent lower, as major travel companies rerouted flights to avoid Ukranian airspace.
*Wizz Air has grown to be biggest low-cost carrier in eastern Europe. Organic expansion in the region and as far afield as Moscow, Tel-Aviv or Dubai is set to continue while a new phase of growth is likely to come from Wizz Air exploiting the difficulties of state-backed regional airlines that are struggling to survive.
LONDON, July 13- Engine maker Pratt& Whitney unveiled an enhancement to its engine for the Airbus A320neo plane on Sunday that it says will improve fuel burn efficiency by a further 2 percent, stepping up the battle with rival CFM.
SEEHEIM, Germany, July 9- Lufthansa may launch low-cost long-haul flights under a new brand as part of plans by the company's new boss to battle competition from Middle East carriers and no-frills airlines.
European shares closed flat on Monday, at the start of a week packed with important economic data.
DUBLIN, June 30- Ryanair's finance chief Howard Millar is to step down after 23 years, becoming the second deputy chief executive at the low-cost carrier to resign in the past 12 months.
European shares closed down on Monday, as investors concentrated on events in Iraq and a slew of euro zone data.
European shares closed higher as investor sentiment received a boost from the Federal Reserve who said the U.S. economy is rebounding.
NEW YORK, June 18- Cramming clothes into carry-on bags may not appeal to travelers in Europe this summer, but the alternative could be worse; checked luggage is nearly three times more likely to arrive late in Europe than in the U.S. due to complex airport transfers and strikes.
*Violence from Iraq to Kenya fuels profit taking. LONDON, June 16- European stocks slipped on Monday, adding to last week's retreat as mounting violence from Iraq to Kenya pummelled travel shares and prompted investors to cash in on recent gains.
European shares closed slightly down flat on Friday amid concerns of escalating tensions in Iraq and rising oil prices.
European shares closed lower on Wednesday, having failed to find any real momentum during the session.
JPMorgan, Morgan Stanley and Citigroup are underwriting the IPO, the company said in a preliminary prospectus filed with the U. S Securities and Exchange Commission. Avolon is backed by private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners, as well as Singapore's sovereign wealth fund.
June 9- Aircraft leasing company Avolon Holdings Ltd filed with U.S. regulators on Monday to raise up to $100 million in an initial public offering of common shares. J.P. Morgan, Morgan Stanley, and Citigroup were underwriting the IPO, the company told the U. S Securities and Exchange Commission in a preliminary prospectus.
Take a look at some of Monday's midday movers:
European shares closed mixed with traders with concerns over stock valuations, policy action from the ECB and upcoming elections in the region.
Ireland has been "unfairly singled out" as a tax haven for corporations, Ryanair CEO Michael O'Leary tells CNBC. "I wish we were, but we're not."