AvStar Aviation Group announces an amended Letter of Intent (LOI) for the purchase of Twin Town Leasing Co., d/b/a Twin Air Calypso in Fort Lauderdale, Florida. Twin Town Leasing Co. had signed an original LOI to sell to AvStar in January 2010; the amendment extends the agreement until June 15, 2010 allowing AAVG to complete
HEICO Corporation reported that net income increased 19% to $12,573,000 for the second quarter of fiscal 2010 up from $10,541,00 for the second quarter of fiscal 2009. For the first six months of fiscal 2010, net income increased 11% to $24,366,000 up from $21,858,000 for the first six months of fiscal 2009, which included a
ExpressJet Holdings, parent company of regional and charter airline operator, ExpressJet Airlines, intends to redeem $5 million in principal of its 11.25% Convertible Secured Notes due 2023 on July 9, 2010. The redemption is part of ExpressJet’s previously announced securities repurchase program and the remaining balance on the notes will be $38.6 million. This balance
AerCap Holdings N.V. has signed debt facility agreements totaling $190 million. The facilities have terms ranging from eight to ten years and cover the financing of A319, A321 and A330 aircraft. The separate facilities were provided individually by Credit Agricole CIB, DBS Bank Singapore and Sumitomo Mitsui Banking Corporation (SMBC). Including the new facilities, AerCap
British Airways presented its preliminary results for the 12 months ended March 31, 2010. BA reported an operating loss of
Avolon, the aircraft leasing group, has successfully completed its initial capital raise of $1.4 billion including an equity commitment of $750 million from three of the world
Air Berlin reported that for the first quarter of 2010 seasonal operating loss (EBIT) improved to EUR -98.6 million (Q1 2009: EUR -107.6 million, pro-forma). Based on the pro-forma income statement, Air Berlin’s operational result and net result have improved over the corresponding quarter of the previous year. Revenue was adversely affected by airport closures
Air France/KLM reported that total revenues fell by 15.0% to 20.99 billion euros. For production measured in EASK down 6.7%, unit costs per EASK fell 4.4%. Savings realized in the context of the
Avcorp announced its financial results for the quarter ended March 31, 2010. During the quarter ended March 31, 2010, the Company recorded a loss from operations of $2,073,000 on $17,376,000 revenue, as compared to a $1,989,000 loss from operations on $22,087,000 revenue for the same quarter of the preceding year; and a net loss for
ITP achieved consolidated sales of over 479 million euros in 2009, representing a 0.9% reduction on figures for the same period in the previous year. Over the course of the year, ITP strengthened its position as leading industrial company on a national scale in terms of its ratio for investment in R&D to sales, with
