TAM informs that its wholly owned subsidiary TAM Linhas Aereas S.A. will make its first public issuance, which by restriction will only be directed to qualified investors, in compliance with the Brazilian Securities Commission’s Instruction N. 476, from January 16, 2009, consisting of 600 regular bonds, not convertible into shares, in a single series, in
Forward Air reports second quarter 2009 net income of $2.8 million Forward Air reports second quarter 2009 net income of $2.8 million
Avcorp Industries has entered into an amended transaction with Panta Holdings B.V. (“Panta”). Avcorp and Panta have amended their Investment Agreement dated June 15, 2009, the original terms of which did not receive the approval of the Toronto Stock Exchange (“TSX”). Under the amended agreement, Panta has agreed to purchase 16,157,465 common shares of Avcorp
AAR reported fiscal year 2009 fourth quarter consolidated sales of $371.7 million and income from continuing operations of $20.5 million. Sales decreased 5% from $391.7 million reported in the fourth quarter of last year, and diluted earnings per share from continuing operations decreased 6%. Fourth quarter results include a $10.1 million impairment charge related to
AMR Corporation the parent company of American Airlines reported a net loss of $390 million for the second quarter of 2009. The results include the impact of approximately $70 million in non-recurring charges related to the sale of certain aircraft and the grounding of leased Airbus A300 aircraft prior to lease expiration. Excluding those non-recurring
Boeing has agreed to acquire the business and operations conducted by Vought Aircraft Industries at its South Carolina facility, where Vought builds a key structure for Boeing’s 787 Dreamliner airplane. The Vought facility, located in North Charleston, performs fabrication and assembly of structures and systems installation of 787 aft fuselage sections, which are made primarily
Having already fulfilled its ambitious package of short-term measures designed to generate savings of EUR 225 million this year, the management of Austrian Airlines is now confronting the challenge of improving the company
Deutsche Lufthansa AG successfully placed another benchmark bond, the second this year, on 1 July 2009. With the issue, the Group is acquiring additional liquidity for general corporate financing purposes. The bond has a volume of 750 million euros and a maturity of seven years. It has a fixed coupon of 6.5 per cent. It
AerCap Holdings N.V. announced that it has signed a $221 million funding facility with HSH Nordbank AG covering the pre-delivery payments for ten new Airbus A330 aircraft. This funding facility completes AerCap’s remaining pre-delivery payment requirements for its 30 A330 aircraft order. This order was placed in 2006/2007 with deliveries scheduled until 2012. Keith Helming,
Bombardier announced that it has closed a $600 million Letter of Credit Facility agreement with a syndicate of first quality financial institutions, mainly North American-based. This facility, which was oversubscribed, is dedicated to supporting Bombardier Aerospace
