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
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
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 $401 million principal amount of the Company’s 1999-1 enhanced equipment trust certificates (1999
Embraer recorded net sales of US$ 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
Astronics Corporation, a leader in advanced, high performance lighting, electrical power and automated test systems for the global aerospace and defense industries, reported sales of $47.0 million in the second quarter of 2009, which ended July 4, 2009, down 1.8% compared with sales of $47.9 million in the second quarter of 2008. Results for the
British Airways presented its interim management statement for the three months ended June 30, 2009. Ba reported an operating loss of
On July 29, 2009, Air Canada entered into a financing agreement with GE Canada Finance Holding Company, Export Development Canada, Aeroplan Canada and ACE Aviation Holdings as lenders. GE Finance is acting as Administrative Agent and GE Capital Markets Inc. and GE Capital Markets (Canada) Ltd. are acting as arrangers. The secured financing extends a
