Currency

April 16, 2014 - 11:17am

As the U.S. expressed “concern” on Tuesday over the devaluation of China’s currency, making its exports cheaper but reducing the buying power of Chinese consumers, Chinese airlines continued to feel the pain of a weaker yuan as the value of their foreign debt rose with the relative strengthening of the U.S. dollar. China Southern Airlines, for one, on Tuesday issued a profit warning report estimating a first-quarter net loss resulting from negative foreign exchange fluctuations.

February 5, 2014 - 12:50am

Robinson Helicopter posted another solid year in 2013, but it could have been even better had the U.S. dollar not surged against select foreign currencies. That’s the word from company CEO Kurt Robinson. “This year [2013] is almost identical to last year [2012],” said Robinson, whose company produced 517 helicopters across its product line in 2012. Preliminary production numbers for the company that do not include the closing days of 2013 indicate it produced 39 R22s, 80 R44 Raven Is, 198 R44 Raven IIs and 188 R66 turbine singles.

October 21, 2011 - 7:50am
AINtv covered all the news from the NBAA Convention.

My job at this month’s NBAA show in Las Vegas was to present our AINtv webcasts. I’ve been working on AINtv since its launch in 2006 and it really is great fun—in fact, don’t tell my boss, but it’s light relief from the daily grind of churning out articles for AIN’s print and online editions.

November 27, 2007 - 6:19am

International Water-Guard Industries (IWG) is “adjusting its pricing and business policies in response to the unprecedented shift in exchange rates between the U.S. and Canadian dollar.” According to IWG president and CEO David Fox, the Burnaby, British Columbia-based company has raised its U.S. prices by 7 percent “while working with non-U.S.

May 22, 2007 - 8:03am

Much of the unprecedented recent growth in sales of business aircraft has been driven by the international market, where advantageous exchange rates have made dollar-denominated assets unusually affordable.

February 1, 2007 - 10:08am

The continued weakness of the U.S. dollar on international currency markets is stimulating sales of U.S.-based business aircraft to foreign buyers. With the dollar recently reaching historic lows against the three-year-old euro, prospective buyers from Europe are pouncing on exchange-rate-based discounts.

 
X