Aveos Fleet Performance (formerly ACTS) announced that it has reached an agreement in principle with its lenders to reduce its outstanding debt and create an appropriate capital structure to support the company
Delta Air Lines reported financial results for the December quarter and full year 2009. Delta’s net loss excluding special items for the December 2009 quarter was $225 million. This result is $285 million better than the prior year quarter on a combined basis excluding special items. Delta’s net loss was $25 million for the December
Airbus signed a Memorandum of Understanding with the CDB Leasing Co., one of China’s leading leasing companies, on cooperation in aircraft financing and leasing. The MoU was signed by John Leahy, Airbus Chief Operating Officer Customers, and Wang Chong, President of CLC, in Toulouse, France. Airbus and CLC endeavour to share competence and experience to
Aircell, a leading provider of airborne communications, announced the completion of the private placement of equity securities totaling $176 million to new and existing investors. Proceeds of the financing will be utilized to provide funding for capital investments for network expansion and operating needs during this rapid growth phase of the business.
For the fourth quarter of 2009 Continental reported a net income of $85 million. Excluding $77 million of previously announced special charges, and a $158 million non-cash income tax benefit, Continental recorded a fourth quarter net income of $4 million. Continental Airlines announced a 2009 full-year net loss of $282 million. Excluding $145 million of
Southwest Airlines reported its fourth quarter and full year 2009 results. Net income for fourth quarter 2009 was $116 million compared to a net loss of $56 million for fourth quarter 2008. Fourth quarter 2009 results included special items (net of profitsharing and taxes) of $42 million, related to non-cash, mark-to-market gains and other items
AMR Corporation, the parent company of American Airlines, reported a net loss of $344 million for the fourth quarter of 2009. The fourth quarter 2009 results include the negative impact of $177 million in non-cash special items, which consists primarily of impairment charges of approximately $96 million to write down certain route and slot authorities
Woodward reported that net sales for the 2010 first quarter were $339.3 million, down 2% from $344.7 million for the 2009 first quarter. Net earnings for the 2010 first quarter were $22.4 million, compared with $27.1 million in the 2009 first quarter. Foreign currency exchange rates had a favorable impact on net sales of approximately
Gulfstream International Group has reached an agreement in principle with Gulfstream Funding II, (the
Nordic Aviation Capital announced that it has entered into a $100 million revolving investment facility with Denmark
