Silverjet, the British exclusively business class airline, announces an update on its working capital position and that it has entered into a memorandum of understanding with a UAE based investor (the “Investor”). Following recent material increases in fuel prices and tightening of credit conditions in the airline industry, Silverjet’s working capital has deteriorated and its …
Silverjet enters into MOU with UAE based investor Read More »
Finnair’s turnover grew in the first quarter by 9% to 577 million euros. The operational result strengthened to 11 million from nearly 6 million euros the previous year. “Following last year’s good profit development, we have entered this year in a good position. Finnair’s balance sheet position is strong and our business is fundamentally in …
ExelTech Aerospace reported that Republic Airways has become the launch customer for the Company
BAE Systems announced a five-year, $58.4 million facility expansion project to consolidate its current facilities and increase the company
Hawaiian Airlines announced today that it has reached a settlement of its lawsuit with Mesa Air Group, Inc., regarding Mesa’s misuse of confidential and proprietary information obtained during Hawaiian’s Chapter 11 plan of reorganization in 2004. Under the terms of the settlement agreement, Hawaiian Airlines will receive a cash payment of $52.5 million and Mesa …
Hawaiian Airlines reaches settlement with Mesa Air Group Read More »
Bombardier Flexjet, the fractional business jet ownership program of Bombardier Aerospace, has announced the induction of Bombardier’s new Challenger 605 jets into the Flexjet fractional fleet. The Challenger 605 jets are among 24 new aircraft scheduled to enter service with Flexjet in 2008. The additional new arrivals will include the best-selling, super-midsize Challenger 300 and …
Next-Generation Bombardier Challenger 605 jets to join Flexjet fleet Read More »
For the quarter ended March 31, 2008, rental revenues were $54.1 million, compared to $40.5 million for the same period in 2007, an increase of 33.6%. The increase in rental revenues was primarily the result of the acquisition of an additional 12 aircraft in 2007, whereby Genesis increased its portfolio from 41 aircraft on January …
Genesis Lease announces first quarter 2008 results Read More »
ANA Group posted a record net income of 64.1 billion yen, a 96% year-on-year increase, in the wake of the sale of its hotel assets on June 1 of the period under review. Despite the loss of revenue from the hotels, consolidated revenue for the twelve months remained practically unchanged at 1.48 trillion yen, thanks …
LAN Airlines S.A. reported its consolidated financial results for the first quarter ended March 31, 2008.
