Financial

Gulfstream International Group has reached a final agreement with the Federal Aviation Administration providing for the settlement of certain proposed civil penalties. The agreement calls for the Company to pay $550,000 over a five-year period. The Company has also reached an agreement with Raytheon Aircraft Credit Corporation (“RACC”) to extend its current Lease Amendment and […]

Delta Air Lines has entered into definitive agreements to sell two of its wholly owned regional airline subsidiaries, Mesaba and Compass Airlines. Mesaba has been sold to Memphis, Tenn.-based Pinnacle Airlines Corp. for $62.0 million, and Compass has been sold to St. Louis-based Trans States Holdings for $20.5 million. Pinnacle and Trans States are both

AerCap Holdings N.V. has closed its first notes issuance guaranteed by the Export Credits Guarantee Department (“ECGD”) – the United Kingdom’s Export Credit Agency. The notes have been issued at a fixed rate of 3.795 percent, have a maturity in 2021, and an initial principal amount of $151 million. The transaction completes the refinancing of

Global Aviation Holdings has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. Global Aviation expects to use

Aircastle Limited signed a credit agreement for a $108 million pre-delivery payment financing commitment from Sumitomo Mitsui Banking Corporation (

Virgin America reported its financial results for the first quarter of 2010. The airline reported revenue increase of 46% versus the first quarter of 2009. Unit revenue increased by 21% year-over-year. The airline reported a $22 million operating loss on revenues of $147 million during the quarter. Virgin America narrowed its operating loss by $9

FedEx reported fourth quarter revenues of $9.43 billion, up 20% from $7.85 billion the previous year, operating income of $696 million, up from an operating loss of $849 million last year. Net income for the quarter was $419 million, up from last year

Triumph Group completed the acquisition of Vought Aircraft Industries, from The Carlyle Group, creating a company with industry-leading breadth of product and capabilities. The acquired business will continue to be led by Elmer L. Doty and will operate as Triumph Aerostructures-Vought Commercial Division and Triumph Aerostructures-Vought Integrated Programs Division. For fiscal year 2011, earnings accretion

AWAS Aviation Capital has issued a $530 million Senior Secured Term Loan maturing in June 2016 in the US Capital Markets and has used the proceeds to refinance two secured credit facilities. The Term Loan is secured by a diverse portfolio of 30 aircraft on lease to 18 lessees in 12 countries. The portfolio comprises

Air Canada has received a commitment from GE Japan Corporation for a senior secured term loan facility in the amount of up to US$170.5 million (the “Facility”) to finance a portion of the purchase price for sixteen aircraft currently leased and operated by Air Canada. Completion of the financing is subject to certain customary terms