AAR reported net income of $20.0 million for the third quarter ended February 28, 2009. Year over year, sales declined from $376.6 million to $338.8 million due mainly to lower sales in the Aircraft Sales and Leasing segment. Excluding Aircraft Sales and Leasing, sales were essentially unchanged from last year.
AAR reports net income of $20.0 million for third quarter Read More »
Embraer Asia Pacific (EAP), Embraer
JAL signs service contract with Embraer Read More »
Deutsche Lufthansa AG successfully concluded the placement of a five-year 850 Million Euro benchmark bond, herewith securing further long term financing. The 6.75% bond, which is due 24 March 2014, had a re-offer price of 99.555% to give a spread of mid swaps plus 410 basis points. The issue was fivefold over-subscribed. Joint Bookrunners were
Successful placement of Lufthansa benchmark bond Read More »
In face of declining passenger numbers, Lufthansa is considering the introduction of short time in the passenger business. The envisaged measure would affect around 1,000 ground staff, mostly employed on customer services and support, at several stations in Germany. The details prior to submitting an application are to be worked out with employee representatives in
Lufthansa ground staff on short time Read More »
Malcolm Chandler has been appointed to the position of Sales Area Manager at Shannon Aerospace (SAL) with responsibility for customers in France, Ireland and the United Kingdom. Malcolm will also work with banking and leasing customers world-wide.
New Sales Area Manager joins Shannon Aerospace Read More »
Ryanair confirmed that it had successfully concluded a round of intensive negotiations at its 31 pilot bases across Europe, under which all of Ryanair
Ryanair pilots agree on 12 month pay freeze Read More »
