Aircell a leading provider of inflight connectivity, has closed a $35 million financing with its existing investors and Aircell’s management team. Through its Gogo, Gogo Biz, and other services, Aircell offers Internet connectivity on laptops, smartphones and PDAs on nine of the top 11 U.S. airlines and on nearly 6,000 business aircraft, enhancing the inflight
Goodrich reported fourth quarter net income of $148 million on sales of $1,806 million. In the fourth quarter 2009, the company reported net income of $105 million on sales of $1,642 million. For the full year of 2010, the company reported net income of $579 million on sales of $6,967 million, compared to the full
International Lease Finance Corporation (ILFC) has entered into a $2 billion unsecured three-year revolving credit line for the purposes of enhancing its liquidity position and credit profile as it moves forward. ILFC raised more than $14 billion in 2010 through a variety of funding sources and other liquidity initiatives, which allowed it to pay off
All Nippon Airways and First Eastern Investment Group of Hong Kong have finalized their joint venture agreement to invest in a new low-cost airline based at Kansai International Airport. A joint venture company, A&F Aviation Co., Ltd., will be officially established and will own and operate the new carrier. The initial capitalization of the new
AirTran Holdings reported net income of $38.5 million on revenue of $2.6 billion for the full year 2010. For the fourth quarter of 2010, the Company recorded net income of $1.9 million on revenue of $645.5 million.
ANA Group reported improved consolidated financial results for the first nine months (April – December inclusive) of fiscal year 2010. Operating revenues improved by 12.5% to JPY 1,039.1 billion, operating income increased to JPY 77.7 billion from a loss of JPY 37.8 billion, recurring profit JPY 115.9 billion higher at JPY 58.3 billion and net
JetBlue reported record fourth quarter operating revenues of $940 million despite severe weather in the Northeast, which reduced revenue by an estimated $30 million. For the full year, operating revenues totaled $3.78 billion, representing an increase of 14.8% over operating revenues of $3.29 billion for the full year 2009. Net income for the fourth quarter
Willis Lease Finance Corporation reported the recent completion of three transactions which together serve to increase its liquidity by approximately $45 million and to reduce its overall cost of funds. First, the amount of revolving commitments under the Company’s primary revolving credit facility was increased from $240 million to $285 million and the international group
Boeing reported fourth-quarter net income of $1.2 billion, a decline of 8% compared to 2009, on revenue of $16.6 billion, down 8% compared to the previous year. The results reflect solid performance across the company’s core programs, a favorable tax settlement (+$0.50 per share), and a special one-time contribution to Boeing’s charitable trust (-$0.05 per
LAN Airlines S.A. released its consolidated financial results for the full year and fourth quarter ended December 31, 2010. LAN reported net income of $419.7 million for full year 2010, an increase of 81.6% compared to full year 2009. Full year 2010, operating income reached $622.9 million, a 43.0% increase compared to the $435.7 million
