Southwest Airlines reported its fourth quarter and full year 2010 results. Net income for fourth quarter 2010 was $131 million compared to $116 million for fourth quarter 2009. For the full year 2010, net income was $459 million compared to $99 million for full year 2009.
Delta Air Lines released that net income for the December 2010 quarter was $158 million excluding special items which is a $383 million improvement year over year. Delta’s net income for 2010 was $1.4 billion, excluding special items. Including $851 million in special items, Delta’s net income for 2010 was $593 million. Delta’s GAAP net
Avolon, the aircraft leasing group, reported a second capital raising of $650 million comprising $250 million of equity and $400 million of debt finance. The $250 million of additional equity has been raised from Avolon’s existing investors: Cinven, CVC Capital Partners and Oak Hill Capital Partners. A number of other investors have also participated in
GOL Linhas Aereas Inteligentes S.A. reported that its subsidiary GOL Finance is offering senior notes due in 2020 in an offering exempt from registration under the United States Securities Act of 1933, as amended (“Securities Act”). GOL and its subsidiary, VRG Linhas Aereas S.A., will guarantee the notes. The notes will be senior unsecured debt
Gulfstream International Group has reached a final agreement with the Federal Aviation Administration providing for the settlement of certain proposed civil penalties. The agreement calls for the Company to pay $550,000 over a five-year period. The Company has also reached an agreement with Raytheon Aircraft Credit Corporation (“RACC”) to extend its current Lease Amendment and
Delta Air Lines has entered into definitive agreements to sell two of its wholly owned regional airline subsidiaries, Mesaba and Compass Airlines. Mesaba has been sold to Memphis, Tenn.-based Pinnacle Airlines Corp. for $62.0 million, and Compass has been sold to St. Louis-based Trans States Holdings for $20.5 million. Pinnacle and Trans States are both
Global Aviation Holdings has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. Global Aviation expects to use
AerCap Holdings N.V. has closed its first notes issuance guaranteed by the Export Credits Guarantee Department (“ECGD”) – the United Kingdom’s Export Credit Agency. The notes have been issued at a fixed rate of 3.795 percent, have a maturity in 2021, and an initial principal amount of $151 million. The transaction completes the refinancing of
Aircastle Limited signed a credit agreement for a $108 million pre-delivery payment financing commitment from Sumitomo Mitsui Banking Corporation (
