Babcock & Brown Air Limited a global lessor of commercial jet aircraft, announced that it has repurchased $20 million principal amount of its securitization notes for $10 million in a privately negotiated transaction funded from the Company’s available cash. Additionally, the Company paid $7 million for an option to repurchase an additional $100 million principal
HEICO Corporation reported net income of $10,541,000 for the second quarter of fiscal 2009, compared to $11,948,000 for the second quarter of fiscal 2008 and $11,317,000 for the first quarter of fiscal 2009, which included a $1.1 million benefit from settling an income tax audit. For the first six months of fiscal 2009, net income
Bristow Group has acquired 42.5% of Lider Aviacao Holding S.A., Brazil’s largest provider of helicopter and executive aviation services. Founded in 1958, Lider operates the largest helicopter fleet in Brazil, with 46 helicopters serving the oil and gas industry, representing approximately 50% of the oil and gas market in Brazil. Its helicopter operation is the
El Al Israel Airlines reports first quarter of 2009 financial Results. Revenues in the first quarter amounted to $346.7 million compared to $469.3 in the same quarter last year, a drop of about 26%. The decline in revenues from operations is mainly due to a decrease of about 13% in the number of passengers, compared
Air Berlin reported that for the first quarter of 2009, seasonal operating loss (EBIT) reached minus EUR 87.3 million (Q1 2008: minus EUR 68.6 million). The reduced branchwide demand for flight services, in combination with the Easter flight season falling in April rather than in the first quarter, contributed to this development. Revenue reached EUR
Virgin Atlantic said that pretax profits increased to
BA released its preliminary results for the 12 months ended March 31, 2009. BA reported an operating loss of
The Emirates Group has reported its 21st consecutive year of net profit for its 2008-09 financial year despite unprecedented challenges for the airline and travel industry. The Group
ExelTech announced that on May 19, 2009 it has successfully renewed its $7 million credit facility with a Canadian chartered bank. This new credit facility replaces the previous facility with the same bank and bears new covenants which ExelTech expects to be in compliance with. The Corporation currently has outstanding approximately $2.3 million in principal
Regional Express Holdings Limited (Rex) announced a group net profit before tax for Q3 2009 $7.5 million, a decrease of 6.3% over last year. The year to date profit before tax increased by 1.9% to $21.9 million. The company has advised that its net earnings for the full financial year could be up to 10%
