Genesis Lease Limited has secured a new $241 million, seven year debt facility on an existing portfolio of 11 aircraft. The facility was provided by three leading aviation financing institutions: HSH Nordbank AG, KfW Ipex-Bank GmbH and DVB Bank AG. Proceeds from the financing will primarily be used to refinance outstanding borrowings on the 11
International Lease Finance Corporation (ILFC) reported that it requested to borrow the maximum available principal amount of $6.5 billion under its three unsecured revolving credit facilities on September 16, 2008. To date, ILFC has received approximately $6.4 billion of the $6.5 billion requested. ILFC expects to receive the remainder of the borrowing request by tomorrow.
JetBird, the Pan-European private jet airline, announced a strategic investment of
Ryanair held its AGM in Dublin on September 18th, to update shareholders on trading, the difficult economic environment and recent airline industry developments in Europe. Commenting on its outlook for the current year to 31st March 2009, Ryanair reiterated that it expected to carry just over 58 million passengers. The Company did not significantly alter
FedEx reported revenues of $9.97 billion, up 8% from $9.20 billion a year ago, operating income of $630 million, down 23% from $814 million last year, operating margin of 6.3%, down from 8.8% the previous year and net income of $384 million, down 22% from last year
UAL Corporation completed the amendment of its co-branded card marketing services agreement with Chase Bank, as well as amended its credit card processing agreement with Chase/Paymentech L.L.C. These agreements boost United’s liquidity by approximately $1.2 billion, including $1.0 billion in the short term and an additional $200 million over the next two years. Under the
AMR Corporation has raised approximately $300 million through the sale of 27.1 million shares of AMR common stock. Net proceeds to AMR were $294 million. The shares of common stock were issued pursuant to AMR’s shelf registration statement, and a prospectus supplement relating to the common stock was filed with the Securities and Exchange Commission
AAR reported fiscal 2009 first quarter net sales of $359.9 million and income from continuing operations of $18.7 million. Sales grew 18% from $306.0 million in last year’s first quarter, and income from continuing operations increased 23% from $15.3 million in the prior year. Sales to defense customers increased 32% and sales to commercial customers
Astronics Corporation announced a one-for-four distribution of Class B Stock to holders of both Common and Class B Stock. Stockholders will receive one share of Class B Stock for every four shares of Common and Class B Stock held on the record date of October 6, 2008. Fractional shares will be paid in cash. The
Chicago-based BCI Aircraft Leasing has signed a letter of intent for a sale and leaseback transaction with China Airlines. The deal will include a 2006 Airbus A330-300 commercial aircraft which will be operated in passenger service on long-term lease by the Taiwan-based carrier.
