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
Nordic Aviation Capital announced that it has entered into a $100 million revolving investment facility with Denmark
Gulfstream International Group has reached an agreement in principle with Gulfstream Funding II, (the
ATR announced stabilization in 2009 of its previous year results, thus reaching its main goals for the year despite the adverse situation of the economy. The turboprop manufacturer achieved new turnover record of $ 1.4 billion in 2009 (2008: $ 1.3 billion), and delivered 54 aircraft (2008: 55), thus consolidating delivery rate over 50 aircraft
Pinnacle Airlines has closed on a $10 million credit facility with Independent Bank of Memphis, Tenn. The loan is designed to provide Pinnacle with additional working capital until it receives its 2009 federal income tax refund, estimated to be $38 million. Separately, Pinnacle also modified its $25 million spare parts loan to reduce certain liquidity
AerSale announced that it completed an initial $250 million equity raise with Green Equity Investors V, L.P., an affiliate of Leonard Green & Partners, L.P. AerSale is a global provider of aftermarket aircraft, engines, and their component parts to airlines, leasing companies, and OEM/MRO service providers.”We’re excited to have partnered with Leonard Green & Partners,”
