19 September 2008

Croatia Airlines orders two Bombardier Q400 NextGen airliners

Croatia Airlines of Zagreb has signed a contract to acquire two Q400 NextGen turboprop airliners. The airline has also taken options for an additional four aircraft. The transaction represents the conversion of two options taken for Q400 aircraft which was announced on June 4, 2007 when Croatia Airlines also placed a firm order for four

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Ryanair

Ryanair held its AGM in Dublin on September 18th, to update shareholders on trading, the difficult economic environment and recent airline industry developments in Europe. Commenting on its outlook for the current year to 31st March 2009, Ryanair reiterated that it expected to carry just over 58 million passengers. The Company did not significantly alter

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ILFC draws on its unsecured revolving credit facilities

International Lease Finance Corporation (ILFC) reported that it requested to borrow the maximum available principal amount of $6.5 billion under its three unsecured revolving credit facilities on September 16, 2008. To date, ILFC has received approximately $6.4 billion of the $6.5 billion requested. ILFC expects to receive the remainder of the borrowing request by tomorrow.

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