Embraer reported that its firm order backlog for the Commercial Aviation, Executive Aviation, and Defense and Government segments increased by $1.5 billion during the first quarter of 2008 (1Q08), totaling a record $20.3 billion. During 1Q08 Embraer delivered 45 aircraft in total, where 38 jets were delivered to the Airline Market, 7 jets to the
ATA Airlines has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code. The petition was filed on April 2 in the U.S. Bankruptcy Court for the Southern District of Indiana, in the Indianapolis division. Subsequent to the Chapter 11 filing, ATA discontinued all operations, effective as of 4 am ET on April
During the first quarter of 2008, Rolls-Royce demonstrated the value of its broad portfolio and of its consistent strategy of investing in technology and capability and access to global markets. The continuing strength of the market was underlined by the announcement of around $14.7 billion of new business in the first three months of 2008.
Willis Lease Finance Corporation reported it closed a private placement of $233 million of new 13-15 year term notes for Willis Engine Securitization Trust (WEST) on March 28, 2008. The proceeds of the term notes were used to repay existing warehouse borrowings totaling $164 million and to purchase 11 engines from Willis Lease. WEST issued
Bank of China has signed agreements with Deutsche Lufthansa AG for the financing of two Airbus A330-300 aircraft under Japanese Operating Lease (
Boeing has agreed to acquire Vought Aircraft Industries’ interest in Global Aeronautica, LLC, a South Carolina fuselage sub-assembly facility for Boeing’s newest airplane, the 787 Dreamliner. After the transaction is complete, Global Aeronautica will become a 50-50 joint venture between The Boeing Company and Alenia North America, a subsidiary of Italy’s Alenia Aeronautica — a
Willis Lease Finance Corporation, a leading lessor of commercial jet engines, reported that strong demand for leased engines and high utilization of its growing engine portfolio contributed to 24% lease rent revenue growth and record earnings per share in 2007 on total revenues of $121.9 million, a 15% increase over the prior year. Willis Lease
Israel Aerospace Industries (IAI) announced that 2007 sales totaled $3.3 billion compared to $2.8 billion in 2006, an 18 percent increase. $2.7 billion (82 percent) of these sales are for export. Net profit for 2007 was reported at $126 million compared to $130 million in 2006. IAI
Air China Limited, China’s national flag carrier, released its financial results for the twelve months ended December 31, 2007. In fiscal year 2007, according to International Financial Reporting Standards (”IFRS”), the Company’s operating revenue increased by 14.2% to RMB51.33 billion from RMB44.94 billion in 2006. This increase was primarily attributed to the continued solid growth
Three years to the day since the announced integration of SWISS in the Lufthansa Aviation Group, the former majority shareholders of the Swiss carrier will shortly be receiving the payout for their out-performance option from the German airline. In exchange for their onetime SWISS shares, they will be paid a total of about 269 million
