International investment and specialised fund and asset management group Babcock & Brown has agreed to sell its rights to manage Babcock & Brown Capital under the Management Agreement between Babcock & Brown and BCM, subject to BCM shareholder approval. Pursuant to the agreement Babcock & Brown will also support the Board of BCM in conducting
Air Canada reported operating income of $112 million for the third quarter of 2008 compared to a record operating income of $351 million in the third quarter of 2007. Fuel expense increased $348 million in the third quarter to $1.1 billion due to record high fuel prices, a 49% cent increase from the third quarter
Linear Air, the personal jet air taxi service provider in the Northeast, announced the close of $1.3 million in financing which includes new capital and debt. With the new financing, Linear Air is poised to launch its aircraft management program designed to assist those who have very light jet aircraft in the Northeast and Mid-Atlantic
Pinnacle Airlines Corp. reported third quarter 2008 net income of $7.7 million. The Company reported net income and EPS of $10.9 million and $0.48, respectively, for the third quarter of 2007. The Company reported consolidated operating income of $20.0 million during the third quarter of 2008, an increase of 33% over the third quarter of
AerCap recorded third quarter 2008 net income of $51.3 million. Included in the third quarter 2008 net income amount were charges relating to the mark-to-market of interest rate caps and share-based compensation of $9.8 million or $0.12 per basic and diluted share, net of tax. The after-tax charge relating to the mark-to-market of our interest
For the quarter ended September 30, 2008, AAWW earned $10.1 million prior to income taxes, on revenues of $460.7 million. Net income totaled $5.2 million.
The Boeing Company has completed its acquisition of Tapestry Solutions, a San Diego-based company specializing in services and software systems that improve the tracking and distribution of equipment, spare parts and personnel for the U.S. Department of Defense and other government and non-government agencies. Tapestry will operate within Boeing Integrated Defense Systems’ Global Services &
Air Wisconsin Airlines has agreed to provide a $35 million loan to US Airways. The loan has an initial term of twelve months with optional monthly extensions totaling an additional twelve months, provided certain conditions are met. The loan agreement is part of the comprehensive liquidity program US Airways announced on Oct. 23, through which
Ryanair announced half year profits of EUR 215 million, 47% down on last years interim profits as half year fuel costs more than doubled from EUR 392.7 million to EUR 788.5 million. Traffic grew by 19% to 32m, as average fares (incl. bag charges) fell by 4% to
SAS Group reported that earnings before nonrecurring items for the third quarter amounted to MSEK 101 (553), a decline of MSEK 452 The Group carried 9.8 million passengers, a decrease of 5.4%. As expected, the SAS Group’s earnings for the third quarter were only marginally positive at an operating level amounting to an EBT of
