7 May 2009

Boeing, Rolls-Royce, RUAG Aerospace and Deharde Maschinenbau to Investigate open-fan propulsion technology

Boeing, Rolls-Royce, RUAG Aerospace and Deharde Maschinenbau have entered into a collaborative research agreement to explore the potential of fuel-efficient open-fan (open rotor) propulsion technology for future commercial airplanes. Using technologies and techniques contributed by each of the parties, tests of a model concept airplane with open-fan engines are planned for early in 2010 at …

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AerCap Holdings N.V. reports first quarter 2009 financial results

AerCap Holdings N.V. released the results of its operations for the first quarter ended March 31, 2009. First quarter 2009 net income was $30.0 million, compared with net income of $50.9 million for the same period in 2008. First quarter 2009 net income excluding the impact of the mark-to-market of interest rate caps and share-based …

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Babcock & Brown Air reports first quarter 2009 net income of $47 million

Operating lease revenue for the first quarter of 2009 was $53.4 million compared to $48.4 million in the same period of the previous year, an increase of $5.0 million, or 10%. The increase is principally due to the acquisition of aircraft. First quarter 2008 revenue included $3.2 million of end of lease revenue and $2.4 …

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Aircastle reports first quarter 2009 net income of $18.5 million

Aircastle Limited reported first quarter net income of $18.5 million and adjusted net income of $21.1 million. First quarter total revenues were $132.1 million, a decrease of $2.8 million from the first quarter 2008. Lease rental revenue was $126.0 million, down $5.0 million year over year due principally to $7.7 million of revenue downtime in …

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Frontier Airlines reports traffic down 17.5% in April

Frontier Airlines Holdings, announced preliminary traffic results for April 2009 for both Frontier’s mainline operation and its wholly-owned subsidiary, Lynx Aviation. Traffic decreased 17.5% and capacity was down 16.1% from the same period last year. This resulted in a load factor of 80.1%, a decrease of 1.4 points over April 2008.

US Airways Group announces offering to sell 15,200,000 shares of common stock

US Airways Group announced its intention to make concurrent offerings, subject to market and other conditions, of 15,200,000 shares of common stock and $75 million aggregate principal amount of its convertible senior notes due 2014. US Airways also intends to grant to the underwriters of the common stock and the notes an option to purchase …

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Copa Holdings reports net income of $71.6 million

Copa Holdings, S.A., parent company of Copa Airlines and Aero Republica, announced financial results for the first quarter of 2009. The following financial and operating information, unless otherwise indicated, is presented in accordance with U.S. GAAP. Unless otherwise stated, all comparisons with prior periods refer to the first quarter of 2008. Copa Holdings reported net …

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