5 January 2009

AerCap Holdings has signed a facility agreement with Calyon S.A. and other banks and financial institutions, outlining the terms pursuant to which the European Export Credit Agencies may provide guarantees on up to $1.4 billion of financing. This represents a significant portion of the remaining financing needed for the Airbus A330 order delivering between 2009

Delta Air Lines has completed its offering of common stock. The company sold 18,172,219 shares of common stock through a continuous offering program equity distribution agreement with Citi, generating gross proceeds of approximately $196 million. All of the shares of stock sold in this offering were withheld, as the employee portion of withholding taxes on

Frontier Airlines Holdings filed its Monthly Operating Report for November 2008. Frontier reported a consolidated net profit of $2.9 million and an operating profit of $2.5 million for the month. Included in Frontier’s operating profit were non-cash mark-to-market losses on fuel hedge contracts of $2.0 million. Frontier’s cash position increased to $53.4 million for November

Air Canada announced that it has concluded a secured revolving credit facility with the Canadian Imperial Bank of Commerce which will provide the airline with up to $100 million of revolving credit for a term of one year. Upon closing, Air Canada has drawn funding of $50 million from the credit facility. Additional draw downs