3 June 2009

Bombardier announces net income of $158 million for 1st quarter

Bombardier released its financial results for the first quarter ended April 30, 2009. Revenues reached $4.5 billion, compared to $4.8 billion, while earnings before financing income, financing expense and income taxes (EBIT) totalled $235 million, compared to $324 million last fiscal year. The EBIT margin at 5.3% compares to last year’s 6.8%. Net income reached […]

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Boeing, TEC Aviation and World Class Aviation Academy sign MOU

The Boeing Company, Danish aerospace maintenance training leader TEC Aviation, and the Dutch World Class Aviation Academy (WCAA) signed a Memorandum of Understanding to explore opportunities to develop state-of-the-art maintenance training, courseware development, computer-based training and virtual maintenance training for the Northern European aerospace market. This initiative paves the way for the possible exchange of

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Aircastle closes acquisition and lease of one A330-200 aircraft

Aircastle Limited announced that one of its subsidiaries has taken delivery of a new Airbus A330-200 aircraft on long-term lease to Aerovias del Continente Americano (“Avianca”). Avianca is the flag carrier of Colombia and one of the largest airlines in Latin America. This aircraft purchase is partially funded by a term loan from Citibank International

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JetBlue announces proposed offerings of 20,000,000 shares of common stock

JetBlue Airways Corporation intends to make concurrent offerings, subject to market conditions, of 20,000,000 shares of common stock and $150 million aggregate principal amount of convertible debentures, which are to be divided into two series, each with an aggregate principal amount of $75 million and maturing in 2039 (but subject to earlier repurchase or redemption).

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