6 November 2008

$35 million loan from Air Wisconsin part of US Airways' financing package

Air Wisconsin Airlines has agreed to provide a $35 million loan to US Airways. The loan has an initial term of twelve months with optional monthly extensions totaling an additional twelve months, provided certain conditions are met. The loan agreement is part of the comprehensive liquidity program US Airways announced on Oct. 23, through which …

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Boeing completes acquisition of Tapestry Solutions

The Boeing Company has completed its acquisition of Tapestry Solutions, a San Diego-based company specializing in services and software systems that improve the tracking and distribution of equipment, spare parts and personnel for the U.S. Department of Defense and other government and non-government agencies. Tapestry will operate within Boeing Integrated Defense Systems’ Global Services & …

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AerCap Holdings N.V. reports third quarter 2008 financial results

AerCap recorded third quarter 2008 net income of $51.3 million. Included in the third quarter 2008 net income amount were charges relating to the mark-to-market of interest rate caps and share-based compensation of $9.8 million or $0.12 per basic and diluted share, net of tax. The after-tax charge relating to the mark-to-market of our interest …

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Allegiant and Harrah's extend agreement for charter air service operations

Allegiant Air has extended its Air Transportation Charter Agreement with Harrah’s Operating Company. Under the three-year agreement, Allegiant will dedicate three 130-seat MD-87 jet aircraft to the program. Allegiant Air has provided air charter services for Harrah’s since 2002. The new contract begins Jan. 1, 2009, and Allegiant will continue to base aircraft in Tunica, …

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Pinnacle Airlines Corp. reports third quarter net earnings of $7.7 million

Pinnacle Airlines Corp. reported third quarter 2008 net income of $7.7 million. The Company reported net income and EPS of $10.9 million and $0.48, respectively, for the third quarter of 2007. The Company reported consolidated operating income of $20.0 million during the third quarter of 2008, an increase of 33% over the third quarter of …

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