HEICO Corporation reported that net income increased 4% to $11,793,000 for the first quarter of fiscal 2010, up from $11,317,000 for the first quarter of fiscal 2009, which included a $1.1 million benefit from settling an income tax audit. Net sales increased 4% to $135,535,000 in the first quarter of fiscal 2010, up from $130,437,000
For the quarter ended December 31, 2009 Genesis Lease reported that net income was $8.7 million, compared to $10.7 million for the same period in 2008, a decrease of 18.1%. Results for the fourth quarter of 2009 include an incremental benefit of $5.4 million relating to aircraft that were the subject of customer defaults and
Safran delivered solid operational performance in full-year 2009, enabling to meet or exceed its guidance on both financial metrics it had indicated for 2009. For full-year 2009, Safran
MTU Aero Engines Holding AG has fully met its business forecasts for the financial year 2009. This was announced at the company
AerCap Holdings N.V. announced the results of its operations for the fourth quarter and full year ended December 31, 2009. Fourth quarter 2009 net income was $43.2 million, compared to a net loss of $19.0 million for the same period in 2008. Fourth quarter 2009 net income excluding the impact of the mark-to-market of interest
International Lease Finance Corporation (ILFC), a wholly-owned subsidiary of American International Group, announced that it intends to raise a new senior secured term loan of up to $750 million. ILFC plans to use proceeds of the new term loan to repay a portion of the Company
ExpressJet Airlines, reported fourth quarter net income of $30.2 million. These results reflect a one-time income tax benefit of $47.6 million, including a $17.1 million cash receivable associated with recent tax legislation, and an approximate $30 million non-cash adjustment of deferred tax assets. For the full-year, ExpressJet reported a net loss of $3.3 million. Excluding
Pinnacle Airlines reported fourth quarter 2009 net income of $5.6 million. This represents an increase of 153% and 158% over net income and EPS recorded in the fourth quarter of 2008 of $2.2 million, respectively, excluding special charges. The Company reported consolidated operating income of $17.8 million in the fourth quarter of 2009, an increase
Air Berlin PLC announces an increase of its participation in NIKI Luftfahrt GmbH. The contracts were notarized on 17 February 2010. Air Berlin PLC and its subsidiary Air Berlin PLC & Co. Luftverkehrs KG have contractually agreed with the Privatstiftung Lauda (private Lauda foundation) that Air Berlin PLC & Co. Luftverkehrs KG will indirectly acquire
WestJet announced its fourth quarter and full-year results for 2009. The airline reported fourth quarter net earnings of $20.2 million and full-year net earnings of $98.2 million. The airline’s results were impacted by a non-recurring net future income tax reduction during 2009. Excluding this gain, WestJet reported adjusted fourth quarter net earnings of $15.1 million
