Iberia reports first quarter loss
May 16, 2008
Iberia’s first-quarter results were dulled by the sharp hikes in the price of aviation fuel, which translated into an additional cost of
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Financial
Willis Lease Finance net income increases 16% to $5.1 million in 1Q08
May 16, 2008
Willis Lease Finance Corporation reported high utilization of its growing engine portfolio and continuing strong demand for leased engines contributed to 19% year-over-year revenue growth in the first quarter of 2008. Willis Lease generated net income available to common stockholders of $4.3 million, or $0.49 per diluted share, in the first quarter of 2008, up
EADS reports revenues up 10% to group total of
May 14, 2008
EADS reported that despite a difficult economic environment and a weak US dollar, the Group continued to experience strong business momentum in the first quarter of 2008. The remarkable order intake reflects the capabilities of EADS’ product portfolio on the global market, in particular at Airbus and Military Transport Aircraft Division. The Q1 2008 EBIT
FedEx revises earnings guidance
May 12, 2008
FedEx announced that earnings for the fourth quarter ending May 31, 2008 are expected to be in the range of $1.45 to $1.50 per diluted share, compared to the previous forecast of $1.60 to $1.80.
GA Telesis acquires assets of Curtiss Wright Accessories Services
May 12, 2008
GA Telesis (“GAT”) has acquired the assets of Curtiss Wright Accessories Services located in Miami, FL, from Curtiss-Wright Controls, Inc. GAT will operate the business as a going concern rebranded as GA Telesis Component Repair Group Southeast (
Vought reports first quarter 2008 financial results
May 12, 2008
Vought reported that revenue for the three months ended March 30 was $425.4 million, an increase of $44.7 million or 12%, compared with revenue of $380.7 million for the same period last year. The growth was driven by increases in both the commercial and military categories. Commercial revenue increased by $21.4 million or 11%. Revenues
BOC Aviation achieves record profit
May 9, 2008
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
ACE to repurchase up to CDN$500 million of its Class A Variable Voting Shares
May 9, 2008
ACE announced that its Board of Directors has authorized a substantial issuer bid (the Offer) to purchase for cancellation up to Cdn$500 million of ACE’s Class A Variable Voting Shares and Class B Voting Shares (collectively, the Shares) for a combined aggregate of up to 23,809,523 Shares.
Aircastle reports first quarter net income of $31.6 million
May 9, 2008
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
AerCap Holdings N.V. reports first quarter 2008 results
May 9, 2008
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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