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ILFC Incurs 3Q 2010 Loss Of US$218 Million

posted Nov 9, 2010, 12:05 AM by Elaine Bell   [ updated Nov 9, 2010, 12:13 AM ]

Aviator.aero Daily News - 8 NOV 2010

ILFC incurs 3Q 2010 loss of US$218 million due to decreased demand and reduction of aircraft values, versus gain of US$365 million year earlier.

Sukhoi (Russia) reports Superjet 100 certification campaign is 90 percent towards completion, with all major certification flight programs accomplished. Prototypes have gained 2245 flight hours in 948 flights.

Republic Airways Holdings (US) intends to offer 12 million shares of common stock to help finance portion of new E190 order.

Investec (South Africa) closes export credit agency financing of three ATR72-500s, with Credit Agricole CIB (France) as debt arranger.

Republic Airways Holdings (US) reports 3Q net income of $21.3 million compared to US$3.3 million year earlier. Revenue doubled to US$711.9 million from $359.6 million year earlier.