B&B Air’s net income for the fourth quarter of 2009 was $13.7 million compared to $9.4 million in the same period in the preceding year. The fourth quarter 2009 result includes a pre-tax gain of $12.5 million from purchasing $25.0 million principal amount of notes payable for $12.0 million. The 2008 result included a gain
After 13 consecutive profitable years, Iberia reported a net loss of 273 million euros in 2009. Throughout the year Iberia adapted its supply of flight services to the changes in the different markets, cutting seat supply overall by 6%, which brought an overall passenger load factor of 79.8%, similar to that of 2008. Operating income
HEICO Corporation reported that net income increased 4% to $11,793,000 for the first quarter of fiscal 2010, up from $11,317,000 for the first quarter of fiscal 2009, which included a $1.1 million benefit from settling an income tax audit. Net sales increased 4% to $135,535,000 in the first quarter of fiscal 2010, up from $130,437,000
For the quarter ended December 31, 2009 Genesis Lease reported that net income was $8.7 million, compared to $10.7 million for the same period in 2008, a decrease of 18.1%. Results for the fourth quarter of 2009 include an incremental benefit of $5.4 million relating to aircraft that were the subject of customer defaults and
Safran delivered solid operational performance in full-year 2009, enabling to meet or exceed its guidance on both financial metrics it had indicated for 2009. For full-year 2009, Safran
MTU Aero Engines Holding AG has fully met its business forecasts for the financial year 2009. This was announced at the company
AerCap Holdings N.V. announced the results of its operations for the fourth quarter and full year ended December 31, 2009. Fourth quarter 2009 net income was $43.2 million, compared to a net loss of $19.0 million for the same period in 2008. Fourth quarter 2009 net income excluding the impact of the mark-to-market of interest
International Lease Finance Corporation (ILFC), a wholly-owned subsidiary of American International Group, announced that it intends to raise a new senior secured term loan of up to $750 million. ILFC plans to use proceeds of the new term loan to repay a portion of the Company
ExpressJet Airlines, reported fourth quarter net income of $30.2 million. These results reflect a one-time income tax benefit of $47.6 million, including a $17.1 million cash receivable associated with recent tax legislation, and an approximate $30 million non-cash adjustment of deferred tax assets. For the full-year, ExpressJet reported a net loss of $3.3 million. Excluding
Pinnacle Airlines reported fourth quarter 2009 net income of $5.6 million. This represents an increase of 153% and 158% over net income and EPS recorded in the fourth quarter of 2008 of $2.2 million, respectively, excluding special charges. The Company reported consolidated operating income of $17.8 million in the fourth quarter of 2009, an increase
