Virgin America reported its financial results for the first quarter of 2010. The airline reported revenue increase of 46% versus the first quarter of 2009. Unit revenue increased by 21% year-over-year. The airline reported a $22 million operating loss on revenues of $147 million during the quarter. Virgin America narrowed its operating loss by $9
FedEx reported fourth quarter revenues of $9.43 billion, up 20% from $7.85 billion the previous year, operating income of $696 million, up from an operating loss of $849 million last year. Net income for the quarter was $419 million, up from last year
Triumph Group completed the acquisition of Vought Aircraft Industries, from The Carlyle Group, creating a company with industry-leading breadth of product and capabilities. The acquired business will continue to be led by Elmer L. Doty and will operate as Triumph Aerostructures-Vought Commercial Division and Triumph Aerostructures-Vought Integrated Programs Division. For fiscal year 2011, earnings accretion
AWAS Aviation Capital has issued a $530 million Senior Secured Term Loan maturing in June 2016 in the US Capital Markets and has used the proceeds to refinance two secured credit facilities. The Term Loan is secured by a diverse portfolio of 30 aircraft on lease to 18 lessees in 12 countries. The portfolio comprises
Air Canada has received a commitment from GE Japan Corporation for a senior secured term loan facility in the amount of up to US$170.5 million (the “Facility”) to finance a portion of the purchase price for sixteen aircraft currently leased and operated by Air Canada. Completion of the financing is subject to certain customary terms
Triumph Group announced the pricing of its previously announced offering of $350 million aggregate principal amount of senior notes due 2018. The notes will have an interest rate of 8.625% per annum and are being issued at a price equal to 99.270% of their face value. The offering is part of the financing for, and
Porter Aviation Holdings has decided not to proceed with the previously announced proposed offering of its common equity due to unfavorable market conditions caused by volatility in the equity markets. “Given current market conditions, we believe it is prudent to defer the offering at this time,” said Robert Deluce, president and chief executive officer of
At Bombardier Aerospace, revenues totaled $1.9 billion, compared to $2.2 billion for the first quarter last fiscal year, while EBIT reached $89 million, compared to $110 million. This translated into an EBIT margin of 4.6% for the first quarter ended April 30, 2010 compared to 5% last fiscal year. Free cash flow usage of $205
Ryanair reported full year profits of EUR319 million after tax, an increase of 204% over last years EUR105 million profit. The airline also proposes to pay a one-off dividend of EUR500 million (EUR0.34 per share) in October, subject to shareholder approval at its September AGM. Ryanair expects to grow traffic in FY11 by 11% to
Triumph Group intends to offer $350 million in aggregate principal amount of senior notes due 2018. The offering is part of the financing for, and is conditioned upon, the substantially concurrent consummation of Triumph
