Financial

SpiceJet Limited and WL Ross & Co., a global private equity investor, announced the execution of definitive documents for a funding transaction with WL Ross and others. The completion of the transaction will make up to US$100 million available to SpiceJet. This is higher than the US$80 million proposed earlier and has been made possible

Aircastle Limited reported second quarter total revenues of $145.4 million and net income of $35.3 million. Income from continuing operations for the second quarter was also $35.3 million. During the second quarter, Aircastle acquired two aircraft with an aggregate purchase price of $157.1 million, completing the purchase obligations under the GAIF contract. In addition, Aircastle

ACE Aviation Holdings reported net income of $830 million for the second quarter of 2008. This included pre-tax gains of $908 million from the sale of Aeroplan and Jazz units in the quarter. ACE recorded an operating loss of $2 million for the quarter. Air Canada reported operating income of $7 million, a decrease of

AerCap Holdings N.V. announced the results of its operations for the second quarter ended June 30, 2008. Second quarter 2008 net income was $68.6 million, compared with $34.2 million for the same period in 2007. Sales revenue for the second quarter 2008 was $180.7 million, compared to $84.3 million for the same period in 2007,

Iberia presented the results for the first half of the year. In the first six months of 2008 the airline generated consolidated profit after taxes of EUR 20.7 million and profit from operating activities of EUR 6.3 million. The EBITDAR came to 259.3 million euros, 34.2% less than in the same period of 2007. Revenues

TAP operating revenue rose to EUR 977 million euros during the first six months of the year, 20% higher than the EUR 814 million registered in 2007. However, despite this remarkable growth, net profit was a negative EUR 136 million. The result reflects the brutal rise in fuel prices as TAP spent 312 million euros,

Hawker Beechcraft Acquisition Company reported net sales for the three months ending June 29, 2008 were $1,028.7 million. During the quarter, the Company delivered 129 business and general aviation aircraft consisting of 50 jet, 50 turbo-prop and 29 piston aircraft. On June 18, 2008, HBAC delivered the first Hawker 4000, its flagship aircraft; a super-midsize

BAE Systems reported that underlying earnings per share increased by 14% to 17.5p, total sales improved 12.5% to

EADS continued its robust underlying performance in the first half of 2008 and achieved significant efficiency improvements across all Divisions despite programme challenges the Group is still facing. Within an uncertain macro-economic environment EADS registered a remarkable order intake reflecting the quality of its commercial and defence product portfolio. The Group confirms its full-year 2008