International Lease Finance Corporation (ILFC), released that it intends to raise a new senior secured term loan of $900m. ILFC plans to use proceeds of the new term loan to repay a portion of the Company’s outstanding debt and related interest expense, to pay related fees and expenses for the transaction, and for general corporate purposes.
Global Aviation Holdings, the parent company of World Airways, North American Airlines and other subsidiaries, announced that to achieve a cost and debt structure that is industry competitive it has commenced a financial restructuring through the voluntary filing of petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code in the United States District Court for the
Goodrich reported fourth quarter 2011 net income of $238m on sales of $2,145m. In the fourth quarter 2010, the company reported net income of $148m, on sales of $1,806m. Segment operating income margin for the fourth quarter 2011 was 19.7%. For the full year 2011, the company reported net income of $810m, on sales of
Atlas Air has entered into an $865m term-loan facility with Apple Bank for Savings, guaranteed by the Export-Import Bank of the United States, to finance the company’s six remaining B747-8F aircraft deliveries. The aircraft are expected to be placed in Atlas Air’s international ACMI (aircraft, crew, maintenance and insurance) service. When drawn, the facility will consist
LAN Airlines S.A. reported net income of US$112.5m for the fourth quarter of 2011, a decrease of 31.6% compared to the US$164.6m reported in fourth quarter 2010. Results in the fourth quarter 2011 reflected costs related to the startup of LAN’s operations in Colombia and the ongoing effects of the volcanic ash cloud on domestic operations
For the full year 2011, Hawaiian Holdings reported consolidated net loss of $2.6m on total operating revenue of $1.65bn. This compares with net income of $110.3m on total operating revenue of $1.31bn for the full year 2010. Reflecting economic fuel expense and excluding non-recurring lease termination charges related to the purchase of 15 Boeing 717-200 aircraft
UPS reported fourth quarter 2011 adjusted diluted earnings per share of $1.28, a 21% improvement over the prior-year period. Total revenue increased 6% to $14.2bn and adjusted operating profit climbed 17% to more than $2bn. For the full year 2011, UPS achieved a new high in adjusted diluted earnings per share at $4.35. On a reported basis,
ANA Group reported its consolidated financial results for the first nine months of fiscal year 2011: operating revenues rose 3% to ¥1,069.8bn, while operating income increased 17.3% to ¥91.1bn and recurring profit by 22.5% to ¥71.4bn. Net income for the period was ¥33.7bn compared with ¥37.5 billion the previous year.
Honeywell released that 4Q11 sales were up 8% to $9.5bn versus $8.7bn in 4Q10 – 7% organic growth reflected continued strength in most end markets and the contribution of new product launches and geographic expansion. Honeywell reported 4Q11 proforma earnings (excluding the impact of pension mark-to-market adjustments)of $1.05 per share, up 21% over $0.87 in 4Q10. 4Q11 earnings
Alaska Air Group reported fourth quarter 2011 net income, excluding special items, of $37.2m, compared to net income of $47.4m in 2010. Alaska reported record full-year net income, excluding special items, of $287.4m, compared to $262.6m in 2010.
