Communications reported financial results for the period ended December 31, 2009. Net loss for the fourth quarter was $4.7 million compared with net income of $1.5 million for the fourth quarter of 2008, in part reflecting $17.0 million of expenses related to purchase price accounting adjustments, net of tax, relating to the GHL Acquisition Corp.
SAS released that the Court of Appeal (Lagmansretten) Oslo ruled on 16 March 2010 that SAS Group shall pay damages totaling NOK 160 Million plus legal costs. In total, the amount adds up to just under NOK 175 million (approx 22 million EUR). For SAS, this will have a negative effect on results and liquidity
Based on preliminary, unaudited figures, DVB Group posted solid consolidated net income (after taxes) of EUR 76.1 million, a 27.7% decline from the previous year’s figure of EUR 105.2 million. Net interest income was up slightly, to EUR 194.3 million – a positive development, given the difficult market environment in 2009. Against this background, the
Bombardier announced that, due to the current unfavourable conditions in the debt capital markets, it has decided to withdraw its proposed institutional private placement of new senior notes (the
EADS reported that 2009 revenues stood at EUR 42.8 billion (FY 2008: EUR 43.3 billion), supported by record commercial aircraft deliveries at Airbus (498 units compared to 483 in 2008) but offset by lower revenue recognition in the A400M programme, price deterioration on commercial aircraft deliveries and negative foreign exchange impacts. In addition, revenues at
Willis Lease Finance Corporation reported strong revenues, net income and earnings per share in 2009, reflecting continued growth in its lease portfolio, higher maintenance reserve revenues and lower borrowing costs. For the full year, net income available to common shareholders totaled $19.2 million compared to the record results posted in 2008 of $23.5 million which
Aircastle Limited reported fourth quarter net income of $23.0 million and adjusted net income of $21.1 million. Net income for the year ended December 31, 2009 was $102.5 million and adjusted net income of $104.8 million. Aircastle Limited reported total revenues of $135.8 million and EBITDA of $124.6 million for the fourth quarter; total revenues
Lufthansa Group generated revenue of EUR 22.3 billion according to preliminary figures, around 10% less than the previous year (EUR 24.8 billion). The Group achieved its target of earning an operating profit, reaching a figure of EUR 130 million (previous year: EUR 1.3 billion). The net loss for the period came to EUR 112 million
B&B Air’s net income for the fourth quarter of 2009 was $13.7 million compared to $9.4 million in the same period in the preceding year. The fourth quarter 2009 result includes a pre-tax gain of $12.5 million from purchasing $25.0 million principal amount of notes payable for $12.0 million. The 2008 result included a gain
After 13 consecutive profitable years, Iberia reported a net loss of 273 million euros in 2009. Throughout the year Iberia adapted its supply of flight services to the changes in the different markets, cutting seat supply overall by 6%, which brought an overall passenger load factor of 79.8%, similar to that of 2008. Operating income
