Southwest Airlines confirmed that the carrier submitted its binding cash offer of more than $170 million to acquire Frontier Airlines, which will be sold at auction as part of Frontier’s bankruptcy case. The bid was submitted to Frontier in accordance with the procedures established in the U.S. Bankruptcy Court for the Southern District of New
Air Canada reported second quarter 2009 net income of $155 million including gains on foreign exchange of $355 million. This compares with net income of $122 million in the second quarter of 2008 that included gains on foreign exchange of $48 million. EBITDAR amounted to $135 million, a decrease of $114 million from the second
AerCap reported that second quarter 2009 net income was $56.6 million, compared with net income of $68.6 million for the same period in 2008. Second quarter 2009 net income excluding the impact of the mark-to-market of interest rate caps and share-based compensation was $39.1 million, compared with $58.2 million in second quarter 2008 on the
Atlas Air Worldwide Holdings announced sharply improved results for the second quarter of 2009. For the three months ended June 30, 2009, AAWW reported net income of $11.3 million on pretax earnings of $17.8 million and revenues of $240.0 million. Strong operating and financial results for the quarter compared with net income of $1.5 million
In the first half of 2009, the Austrian Airlines Group posted a net result of minus 166.6 million Euro, including non-cash impairment losses of 74.3 million Euro resulting from the valuation of aircraft. The adjusted resulting from operating activities (EBIT) amounted to minus 88.4 million Euro, with the second quarter EBIT of minus 18.1 million
Ryanair reported that it has awarded mandates to a syndicate of banks for approximately $1.6bn of financing for 55 aircraft delivering between November 2009 and October 2010. The syndicate of banks is comprised of BNP Paribas, Calyon, and Sumitomo Mitsui Banking Corporation. The banks have been mandated to act as joint arrangers for Ryanair
AMR Corporation said today that American Airlines has closed a $276 million private placement offering of senior secured notes due 2016, which were priced at par to yield 13 percent. The purpose of the offering was to refinance, in part, the outstanding $401 million principal amount of the Company’s 1999-1 enhanced equipment trust certificates (1999
Aviation Capital Group (ACG) reported its 2009 second quarter leasing, sales and financing activity. The quarter was highlighted by two strategic initiatives. The first was a commitment by the U.S. Export-Import Bank (Ex-Im) to participate in a new financing structure valued at nearly $900 million for 22 Boeing 737NGs to be delivered over the next
Embraer recorded net sales of US$ 1,456.6 million in the second quarter 2009, and net income of US$ 67.8 million, equivalent to diluted earnings per ADS of US$ 0.3750. In 2Q09, Embraer delivered 56 jets to the commercial aviation, executive aviation and defense segments, compared to 52 jet deliveries in the second quarter of 2008.
ANA Group announced its financial results for the first quarter of the current fiscal year, ending June 30, 2009. Consolidated revenue dropped 21.9% year-on-year to 269.8 billion yen, leading to an operating loss of 42.4 billion yen for the three month period April1 to June 30, despite a fall in costs of 5.6% to 312.3
