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
General Dynamics completed its acquisition of Zurich, Switzerland-based Jet Aviation for CHF 2.45 billion (approximately $2.18 billion) from Dreamliner Lux S.a.r.l., a company controlled by the Permira Funds. The companies announced the plans for the acquisition in August. Jet Aviation will continue serving the entire aircraft manufacturing community and its global client base as a
Daher and EADS announced the conclusion of the agreement for Daher to acquire a 70% majority share in EADS Socata. “This Daher-Socata association will allow the creation of a leading European industrial player in the domain of aerostructures and open up new development prospects in general aviation, including for the new Socata aircraft project”, declared
ANA reported its consolidated half year financial results for the interim period April 1 to September 30, 2008. The Group, which consists of airlines, travel and other businesses, reported an operating income of JPY49.8 billion and a net income of JPY22 billion on revenue of JPY753 billion – falls of 25.7%, 79.1% and 1.3% respectively
Astronics reported sales of $40.4 million in the third quarter of 2008, which ended September 27, 2008, up 7.0% compared with $37.7 million in the third quarter of 2007. Net income declined to $2.4 million, or $0.22 per diluted share, in the third quarter of 2008 compared with $4.1 million, or $0.38 per diluted share,
