Sunday 26 February 2017

FLY Leasing spends $1.4bn on aircraft

AVIATION

Fly Leasing, the Dublin-based aviation leasing group where Aer Lingus chairman Colm Barrington is chief executive, has confirmed a $1.4bn (€990m) purchase of 49 aircraft from an Australian group. The deal brings to $3bn (€2.1bn) the value of aircraft held by FLY under operating leases. It brings FLY's portfolio to 109 aircraft.

Tullow forced to postpone two wells

OIL

TULLOW Oil, the Dublin-listed explorer, has postponed two onshore wells after a rig was delayed. Tullow and Africa Oil will start drilling an exploration well in Kenya's Block 10BB in the fourth quarter, Africa Oil said. Drilling had been due in the third quarter, Tullow said last month. The partners will also start another well at Block 10A in early 2012, rather than in the fourth quarter.

Positive sale figures for Skoda and Audi

MOTORING

Skoda Ireland increased turnover by 5pc to €50.4m and sales by 49pc during the first half of the year, compared with the same period in 2010. Meanwhile, Audi Ireland has increased sales by nearly 23pc over the first six months of the year. "We have continued the positive trend of last year in the first half of 2011 with great success," said Rupert Stadler, CEO of Audi.

UK's interest rates hold steady at 0.5pc

BAnking

The Bank of England has left UK interest rates unchanged at 0.5pc after its latest meeting. Economists had not expected any change in rates, but there had been some speculation in the market that the bank might surprise with a second round of quantitative easing, or injecting money into the economy.

PlayStation Vita to miss key season

TECHNOLOGY

SONY plans to begin sales of the PlayStation Vita portable player in the US and Europe next year, missing the key Christmas season. The product will launch in Japan before the end of December, followed by introductions in the US and Europe early next year, Sony's Kazuo Hirai said.

Irish Independent

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