March

Iata halves 2010 loss forecast 11 March 2010

The International Air Transport Association (Iata) re-adjusted its 2010 losses forecast to $2.8 billion—half of what it estimated in 2009.

United Airlines orders 25 Airbus 11 March 2010

United Airlines has ordered 25 Airbus A350 XWB aircraft worth $6.01 billion at list prices.

First Ex-Im bond for Gecas 09 March 2010

GE's aircraft leasing company, Gecas, launches an Ex-Im bond to refinance five Boeing aircraft.

Allegiant Air to purchase six 757s 08 March 2010

Low cost carrier, Allegiant Air, will expand its operations by purchasing six Boeing 757-200s.

ILFC upsizes secured loan to $1.3 billion 08 March 2010

Aircraft leasing company, International Lease Finance Corporation (ILFC), owned by American International Group (AIG), will offer two secured term loans, totalling $1.3 billion.

United signs $4.2bn Boeing deal 05 March 2010

United Airlines finalises an order for 25 Boeing 787 Dreamliners.

AEI completes 737 freighter conversion 04 March 2010

Aeronautical Engineers, Inc (AEI) converts a Boeing 737-400SF for a Turkish airline.

Boeing delivers first 777Fs to Southern Air 04 March 2010

Southern Air gets two Boeing 777Fs to be ACMI-leased.

First Greenwich Kahala acquires 10 aircraft 02 March 2010

This is the first purchase for First Greenwich Kahala in almost two years.

ILFC explores $3.5 billion worth of aircraft sales 02 March 2010

International Lease Finance Corporation (ILFC), owned by American International Group (AIG), will consider aircraft sales to raise money.

February

Banks arranging ILFC’s $750m loan revealed 24 February 2010

ILFC selects two banks to jointly arrange its first capital markets deal in 18 months.

ILFC to raise $750m with secured loan 23 February 2010

Operating lease company, International Lease Finance Corporation (ILFC), is in the market to raise $750 million to repay maturing debt.

Vx Capital hires senior vice-president 23 February 2010

A former Babcock & Brown Aircraft Management vice-president is appointed Vx Capital’s new senior vice president of marketing.

Strong EETC market in 2009 19 February 2010

The reopening of the capital markets in the second half of 2009 was unexpected. With $4.4 billion worth of EETC issuance in the last six months of last year, what should we expect for the year to come?

Fitch downgrades ILFC to junk 18 February 2010

Approximately $18 billion of debt is affected.

Exclusive: Hazy on being free from ILFC 16 February 2010

Just 10 days after resigning from AIG, Steven Udvar-Hazy has already closed deals for his new aircraft leasing company. He is in discussions with investors and planning to order new aircraft. Hazy reveals his plans in an exclusive interview with Sophie Segal, editor, Airfinance Journal.

AEI launches new conversion programme 12 February 2010

Aeronautical Engineers, Inc (AEI) will convert older aircraft to freighters.

Boeing shifts senior finance staff 10 February 2010

Boeing shifted senior staff in its finance and shared services sectors.

Bombardier $550m cash tender offer 10 February 2010

Bombardier offers to buy up to $550 million of its debt securities in cash to refinance its long-term debt with longer maturity financing.

Hazy leaves ILFC 05 February 2010

CEO Steven Udvar-Hazy will retire from International Lease Finance Corporation – the company he founded and built, says American International Group (AIG).

Boeing Capital’s President Retires 02 February 2010

Walter Skowronski leaves Boeing Capital after 10 years with the company.

January

Hazy to leave ILFC 25 January 2010

Steven Udvar-Hazy will leave operating lessor, International Lease Finance Corporation (ILFC), after a bid to purchase a portfolio of aircraft from parent, American International Group (AIG), was rejected.

United prices $700 million bond 12 January 2010

United Airlines prices senior secured notes in line with expectations.

United launches $500 million secured bond 11 January 2010

The US airline will use routes to secure a $500 million bond issuance.