Willis Lease Finance Corporation reported its total assets surpassed $1 billion as continued growth in the lease portfolio and high utilization of lease assets contributed to a 7% increase in total revenue. Aided by a tax adjustment of $1.8 million related to a change in California state tax law in the quarter that reduces the
On expiry of the acceptance term for the public takeover offer to the free-float shareholders of Austrian Airlines AG on 11 May 2009, Deutsche Lufthansa AG has through
Iberia has implemented a severe contingency plan in response to the steep decline in demand and revenues, after posting a loss of EUR 92.6 million in the first quarter of 2009. The plan will enable the company to cut losses by between EUR 110 and 125 million, and it also foresees an 80-90 million reduction
DVB Group reported total income during the first quarter of 2009, of EUR 63.3 million (down 0.6%). New Transport Finance business totalled EUR 1.12 billion during the first quarter (Q1 2008: EUR1.17 billion), with 39 new transactions. The average interest margin on new business reached an all-time high of 344 basispoints (Q1 2008: 161 basispoints).
AeroCentury, an independent aircraft leasing company, reported its preliminary, unaudited operating results for the first quarter ended March 31, 2009. For the quarter ended March 31, 2009, the Company reported total revenues of $8.0 million compared with total revenues of $7.8 million for the same period a year ago. The Company reported net income of
Air Canada reported an operating loss of $188 million for the first quarter of 2009 compared to an operating loss (before a provision for cargo investigations and proceedings) of $12 million in the first quarter of 2008. A net loss of $400 million in the first quarter of 2009 included losses on foreign exchange of
Vought Aircraft Industries reported financial results for its first quarter ended March 29, 2009, with solid execution across all of its operations. Revenue of $402.6 million for the quarter was slightly lower than last year primarily driven by the transition from the Boeing 747-400 model to the new Boeing 747-8 model. Operating income and net
Copa Holdings, S.A., parent company of Copa Airlines and Aero Republica, announced financial results for the first quarter of 2009. The following financial and operating information, unless otherwise indicated, is presented in accordance with U.S. GAAP. Unless otherwise stated, all comparisons with prior periods refer to the first quarter of 2008. Copa Holdings reported net
US Airways Group announced its intention to make concurrent offerings, subject to market and other conditions, of 15,200,000 shares of common stock and $75 million aggregate principal amount of its convertible senior notes due 2014. US Airways also intends to grant to the underwriters of the common stock and the notes an option to purchase
