Aircraft Finance & Leasing News - North America.


Jun 28, 2009

BAE Systems

BAE Systems Asset Management announced the sale of one BAe 146-100 and three ATPs to Miami-based lessor Regional One. The three ATPs are on operating lease with SATA Air Acores. Jun 23, 2009


Wall Street looked set for a weak open on Friday with investors ready to take profits after stocks gained more than 2 percent in the previous session. The latest data showed a rise in consumer spending and a surprising jump in personal income. Analysts said the data could suggest consumers are choosing to save rather than spend. Dow component Boeing Co could weigh on the market after Australia's Qantas Airways Ltd canceled orders for 15 new Dreamliner planes and deferred orders for another 15 in a new blow to the project. Boeing fell 1.7 percent to USD 41.80 before the opening bell. As investors try to assess the market's next move after a sharp bounce, J.P. Morgan Securities said the S&P 500 index is likely to fall to between 830 and 875 through September, given its virtually uninterrupted rise since its March lows. Jun 25, 2009


Boeing's 787 customers are urgently waiting to hear when they can expect to see their first Dreamliners after the program suffered another major delay. The latest interruption is due to the need for structural reinforcement to the wing/body attachment structure. Jun 23, 2009


A strike by nearly 3,000 workers at Bombardier's de Havilland aircraft plant in Toronto has been avoided after the company and the Canadian Auto Workers reached a last-minute contract deal, the union said Tuesday. The company and the CAW bargained through the night and beyond the union's 10 am (1400 GMT) Tuesday strike deadline, to reach a tentative agreement that addressed the issues the union said it found contentious. Dias also said Bombardier agreed to continue providing healthcare benefits to the plant's 3,000 retirees and surviving spouses. A spokesman for the company said Bombardier would reserve its comments until after the agreement was ratified. Ratification votes are scheduled for Sunday. Bombardier assembles its popular Q400 turboprop aircraft at the plant, as well as the Global Express corporate jet and the wings for the Lear 45 corporate jet. The company has been hit by a decline in business jet orders, as well as deferrals and cancellations, but it anticipates a 10 percent increase in commercial aircraft deliveries this year. As of the end of April, the company had a backlog of 102 Q400...

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