Financial

Air Canada reported an operating loss of $188 million for the first quarter of 2009 compared to an operating loss (before a provision for cargo investigations and proceedings) of $12 million in the first quarter of 2008. A net loss of $400 million in the first quarter of 2009 included losses on foreign exchange of […]

Vought Aircraft Industries reported financial results for its first quarter ended March 29, 2009, with solid execution across all of its operations. Revenue of $402.6 million for the quarter was slightly lower than last year primarily driven by the transition from the Boeing 747-400 model to the new Boeing 747-8 model. Operating income and net

Copa Holdings, S.A., parent company of Copa Airlines and Aero Republica, announced financial results for the first quarter of 2009. The following financial and operating information, unless otherwise indicated, is presented in accordance with U.S. GAAP. Unless otherwise stated, all comparisons with prior periods refer to the first quarter of 2008. Copa Holdings reported net

US Airways Group announced its intention to make concurrent offerings, subject to market and other conditions, of 15,200,000 shares of common stock and $75 million aggregate principal amount of its convertible senior notes due 2014. US Airways also intends to grant to the underwriters of the common stock and the notes an option to purchase

Aircastle Limited reported first quarter net income of $18.5 million and adjusted net income of $21.1 million. First quarter total revenues were $132.1 million, a decrease of $2.8 million from the first quarter 2008. Lease rental revenue was $126.0 million, down $5.0 million year over year due principally to $7.7 million of revenue downtime in

Operating lease revenue for the first quarter of 2009 was $53.4 million compared to $48.4 million in the same period of the previous year, an increase of $5.0 million, or 10%. The increase is principally due to the acquisition of aircraft. First quarter 2008 revenue included $3.2 million of end of lease revenue and $2.4

AerCap Holdings N.V. released the results of its operations for the first quarter ended March 31, 2009. First quarter 2009 net income was $30.0 million, compared with net income of $50.9 million for the same period in 2008. First quarter 2009 net income excluding the impact of the mark-to-market of interest rate caps and share-based

American Capital announced that on May 1 it completed the sale of its portfolio company Piper Aircraft Inc. (“Piper”) to Imprimis. American Capital realized a gain of $31 million from the transaction, subject to post closing adjustments. American Capital’s total inception to date realized gains on its Piper investments were $48 million and its compounded

ExpressJet Holdings reported a first quarter loss, excluding special items, of $10.6 million versus $22.8 million for the same period in 2008. These results represent continued improvement from the restructuring efforts ExpressJet undertook beginning mid-2008 due to record-breaking fuel prices and its amended capacity purchase agreement with Continental Airlines. Including special items, ExpressJet reported a

Piper Aircraft announced that its owner, American Capital Ltd., has sold its 100% stake in the company to Imprimis in a private transaction that aims to secure the long-term success of Florida’s 72 year-old General Aviation company. Imprimis is a corporate finance and investment management firm that operates from its offices in Bangkok, Singapore and