Finnair estimates it will not reach profitability in the second half of 2011. According to preliminary results the third quarter is profitable, but the current estimates indicate that the company’s fourth quarter results will be weaker than expected, and therefore the second half of 2011 is expected to be slightly negative. However, the company expects
The Export-Import Bank of the United States (Ex-Im Bank) is supporting its first transaction in the Central Asian nation of Tajikistan: the purchase of Boeing Next-Generation 737-900ER aircraft by Somon Air, a privately owned airline based in Dushanbe, Tajikistan. This is Boeing’s first sale to Somon Air and the first export of its 737-900ER and
Airbus released that all conditions for completion of the offer (the “Offer”) by Airbus Denmark Holding ApS to acquire the shares of Satair A/S, a Danish company listed on the NASDAQ OMX Copenhagen, have been satisfied. The Offer price was DKK 580 in cash per share. At the expiry of the Offer, Airbus DK has received valid acceptances representing
airBaltic, the Latvian national airline, filed for legal protection on September 21st, and submitted a plan to the court to continue operations. The two main shareholders of the airline, the Latvian government ( which owns a 52.6% share), and Baltic Aviation Systems (BAS), the company owned by the airline’s president and CEO Bertolt Flick (47.2%), failed to
United Technologies has reached agreement to purchase Goodrich Corporation for $127.50 per share in cash. This equates to a total enterprise value of $18.4 billion, including $1.9 billion in net debt assumed. United Technologies expects to finance the transaction through a combination of debt and equity issuance. The equity component is expected to approximate 25% of
Singapore Technologies Engineering (ST Engineering) reported that Vision Technologies Aerospace Incorporated (VT Aerospace) has entered into an agreement to acquire 100% of the shares of DRB Aviation Consultants, (DRB Aviation) for a purchase consideration of $1.45 million (approximately S$1.75 million), effective consideration will be net of debt. DRB Aviation will be a wholly owned subsidiary of VT
Aviation Capital Group (“ACG”) released that it has filed documentation with and received approval from the Singapore Exchange Securities Limited (“SGX-ST”) to issue unsecured Medium Term Notes from time to time which may be denominated in various currencies and listed on the SGX-ST or other stock exchanges. (Unlisted notes may also be issued pursuant to the
AerCap Holdings N.V. released that its Board of Directors approved additional share repurchases above the previously announced amount of $50 million. The additional repurchase program will run through December 30, 2011 and will allow total repurchases of up to $100 million in 2011, inclusive of amounts repurchased through the previously announced programs. The total amount for
For the second quarter of 2011 Virgin America recorded a $6.0 million operating loss and an operating margin of (2.2)%. The airline achieved revenue growth during the quarter, with a 46% increase in operating revenue as compared to the second quarter of 2010. Total fuel costs increased by 62% and the Company’s average price per gallon of fuel
AAR reported fiscal year 2012 first quarter sales of $479.3 million and income from continuing operations of $17.0 million. For the first quarter of last fiscal year, the Company reported sales of $404.4 million and income from continuing operations of $14.0 million. Sales to commercial customers increased 40% compared to the first quarter of last
