Alaska Air Group released that its board of directors approved a stock repurchase program authorizing the company to buy up to $50 million of its common stock. The company intends to finance the repurchases with cash on hand. The repurchase program authorizes the company to purchase its common stock from time to time through open market
AerCap Holdings N.V. has completed an amendment to its revolving debt facility. The $775 million non-recourse facility, arranged by UBS Securities LLC, was originally put in place during April 2006 and has now been amended to allow for an additional two year revolving period with a three year term-out period, extending the transaction to June 2016.
Air Lease Corporation (ALC) has issued $120 million in Senior Unsecured Notes in a private placement to institutional investors. The notes contain a 5% coupon for a 5-year term with a maturity of June 6, 2016. The issuance constitutes the first time ALC has obtained long term unsecured financing under the SEC’s Regulation D in a
Willis Lease Finance has entered into a joint venture agreement with Mitsui & Co., a major Japanese trading company, to acquire and lease IAE V2500-A5 and General Electric CF34-10E jet engines. IAE V2500 engines are used on the Airbus A320 family of aircraft and CF34-10E engines are used on the Embraer E190 and E195 aircraft.
Bombardier’s consolidated revenues totalled $4.7 billion for the first quarter ended April 30, 2011, compared to $4.3 billion for the same period last year. EBIT reached $312 million, or 6.7% of revenues, compared to $279 million, or 6.5%, for the same period the previous year. Net income amounted to $220 million compared to $195 million
Emirates reported the successful close of its US$
Avcorp Industries Inc. ("AVP" or the "Company") today announced that it has entered into an extension to its banking agreement, which will provide the Company’s operating lines of credit through to April 2012. In conjunction with the renewal of the operating lines of credit agreement, the Company has entered into a $6,000,000 principal amount, 10%
HEICO CORPORATION reported that net income increased 34% to $16,830,000 for the second quarter of fiscal 2011, up from $12,573,000 for the second quarter of fiscal 2010. For the first six months of fiscal 2011, net income increased 39% to $33,904,000 up from $24,366,000 for the first six months of fiscal 2010. Operating income increased
airberlin remains cautiously optimistic for the further course of the business year, despite the first-quarter results falling short of expectations. In the first quarter of 2011, Air Berlin PLC increased its revenue to EUR 751.6 million, i.e. an increase of 2% over the previous year (Q1/2010: EUR 690.9 million). The number of passengers increased by
