May 6, 2009

American Capital realizes $31 million gain from sale of Piper Aircraft

American Capital announced that on May 1 it completed the sale of its portfolio company Piper Aircraft Inc. (“Piper”) to Imprimis. American Capital realized a gain of $31 million from the transaction, subject to post closing adjustments. American Capital’s total inception to date realized gains on its Piper investments were $48 million and its compounded […]

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Air Canada reports April traffic

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Air Canada mainline reported a load factor of 82.4% in April 2009 compared to 83.5% in April 2008; a decrease of 1.1 percentage points. Traffic decreased 3.2% in April 2009, on a capacity decrease of 1.9%. Jazz, from which Air Canada purchases regional capacity, reported a load factor of 68.1%, a decrease of 6.8 percentage

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Turkish Airlines finalize deal for five 777-300ERs

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Turkish Airlines and Boeing have signed an order for five Boeing 777-300ER (Extended Range) airplanes valued at $1.36 billion at current list prices. This is the first time Turkish Airlines has purchased new 777s directly from Boeing. The airline currently operates a fleet of 65 Boeing airplanes including Next-Generation 737s and leased 777-300ERs.

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Sabre and Lufthansa sign new four year Global Distribution Agreement

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Sabre and Lufthansa have signed a new four year global agreement, providing agencies and corporations around the world with continued access to the airline

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ExpressJet reports first quarter 2009 results

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ExpressJet Holdings reported a first quarter loss, excluding special items, of $10.6 million versus $22.8 million for the same period in 2008. These results represent continued improvement from the restructuring efforts ExpressJet undertook beginning mid-2008 due to record-breaking fuel prices and its amended capacity purchase agreement with Continental Airlines. Including special items, ExpressJet reported a

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Southwest Airlines reports April traffic

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Southwest Airlines announced that traffic increased 4.1% in April 2008. Capacity decreased 1.9% from the April 2008 level and the load factor for the month was 77.0% compared to 72.6% for the same period last year.

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JetBlue Airways' traffic down 2.7% in April

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JetBlue Airways reported that its traffic in April decreased 2.7% from April 2008, on a capacity decrease of 4.0%. Load factor for April 2009 was 80.6%, an increase of 1.1 points from April 2008.

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Airbus changes A380 delivery schedule for 2009/2010

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Due to the current economic and aviation crisis and following specific customer requests for deferrals, Airbus is adapting its A380 aircraft delivery schedule for 2009/2010. According to the new plan, Airbus expects to deliver 14 double-decker aircraft in 2009 and more than 20 aircraft in 2010. Onward production rates and deliveries are dependent on airline

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