Financial

The Boeing Company announced an agreement to acquire Tapestry Solutions, a San Diego-based company specializing in services and software systems that improve the tracking and distribution of equipment, spare parts and personnel for the U.S. Department of Defense and other government and non-government agencies. Tapestry Solutions’ tools, such as the Joint Distribution Logistics Model and […]

MTU Aero Engines has launched a new cost-reduction initiative intended to save 50 million euros annually, the bulk of it already in 2010. This follows an announcement MTU CEO Egon Behle made at the Analyst and Investor Day the company held in Munich on Sept. 26th. Behle reaffirmed the company’s 2008 forecast and expects MTU

Gulfstream International Group has consummated two debt financings recently announced, bringing in net cash proceeds of approximately $5.1 million. The terms of these financings are detailed in the Company’s Form 8-K filed on September 18, 2008.

Genesis Lease Limited has secured a new $241 million, seven year debt facility on an existing portfolio of 11 aircraft. The facility was provided by three leading aviation financing institutions: HSH Nordbank AG, KfW Ipex-Bank GmbH and DVB Bank AG. Proceeds from the financing will primarily be used to refinance outstanding borrowings on the 11

International Lease Finance Corporation (ILFC) reported that it requested to borrow the maximum available principal amount of $6.5 billion under its three unsecured revolving credit facilities on September 16, 2008. To date, ILFC has received approximately $6.4 billion of the $6.5 billion requested. ILFC expects to receive the remainder of the borrowing request by tomorrow.

JetBird, the Pan-European private jet airline, announced a strategic investment of

Ryanair held its AGM in Dublin on September 18th, to update shareholders on trading, the difficult economic environment and recent airline industry developments in Europe. Commenting on its outlook for the current year to 31st March 2009, Ryanair reiterated that it expected to carry just over 58 million passengers. The Company did not significantly alter

FedEx reported revenues of $9.97 billion, up 8% from $9.20 billion a year ago, operating income of $630 million, down 23% from $814 million last year, operating margin of 6.3%, down from 8.8% the previous year and net income of $384 million, down 22% from last year

UAL Corporation completed the amendment of its co-branded card marketing services agreement with Chase Bank, as well as amended its credit card processing agreement with Chase/Paymentech L.L.C. These agreements boost United’s liquidity by approximately $1.2 billion, including $1.0 billion in the short term and an additional $200 million over the next two years. Under the

AMR Corporation has raised approximately $300 million through the sale of 27.1 million shares of AMR common stock. Net proceeds to AMR were $294 million. The shares of common stock were issued pursuant to AMR’s shelf registration statement, and a prospectus supplement relating to the common stock was filed with the Securities and Exchange Commission