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
UAL reported fourth-quarter 2010 net income of $160 million excluding $485 million of special items consisting primarily of merger-related costs and other special charges, an improvement of $347 million compared to the pro forma results year-over-year. On a GAAP basis, UAL reported fourth-quarter net loss of $325 million. UAL reported pro forma full-year 2010 net
US Airways Group reported its fourth quarter and 2010 financial results. The Company reported a 2010 net profit of $447 million which excludes special items totaling a net credit of $55 million. This is the second highest profit in the Company
