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Financial

Aircastle reports first quarter net income of $31.6 million

Aircastle Limited reported first quarter total revenues of $135.0 million and net income of $31.6 million. Income from continuing operations for the first quarter was also $31.6 million and included expenses of approximately $3.3 million comprised of $3.0 million of charges related to the termination and ineffective portion of certain interest rate hedge agreements and

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AerCap Holdings N.V. reports first quarter 2008 results

AerCap recorded first quarter 2008 net income of $50.9 million. Included in the first quarter 2008 net income amount were non-cash charges related to the mark-to-market of interest rate caps and share-based compensation of $9.0 million net of tax. Total revenue in first quarter 2008 decreased 5% compared with first quarter 2007. This decrease was

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BOC Aviation achieves record profit

BOC Aviation has reported a net profit of $51 million for the 9 months ending 31 December 2007. It is the first time that the Company has reported results as BOC Aviation, having changed its name from Singapore Aircraft Leasing Enterprise after it was acquired by Bank of China (BOC) in December 2006. The financial

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Air Canada`s first quarter loss deepens

Air Canada reported an operating loss of CAD$12 million for the first quarter, before a provision for cargo investigations, an improvement of CAD$66 million from the first quarter for 2007. Air Canada’s operating income performance for the first quarter was achieved despite an increase in fuel expense of CAD$130 million in the quarter. Air Canada

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Babcock & Brown Air reports first quarter results

B&B Air reports net income of $11.7 million. Total revenue for the first quarter was $51.9 million, which includes $50.8 million of lease revenues. These revenues reflect a full quarter from the 52 aircraft in the portfolio at December 31, 2007 and a partial quarter from the aircraft added during 2008. Also included in total

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United receives lender approval for credit facility amendment

UAL Corporation announced that with the approval of its lenders it has amended its existing $1.5 billion Amended and Restated Revolving Credit, Term Loan and Guaranty Agreement dated as of February 2, 2007 with JPMorgan Chase Bank, N.A., Citicorp USA, Inc., J.P. Morgan Securities Inc., Citigroup Global Markets, Inc., Credit Suisse Securities (USA) LLC and

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SkyWest announces first quarter 2008 results

SkyWest reported operating revenues of $868.0 million for the quarter ended March 31, 2008, a 10.0% increase, compared to $789.0 million for the same period last year. SkyWest also reported net income of $29.1 million for the quarter ended March 31, 2008, a decrease of 16.2% compared to $34.8 million of net income for the

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