Airline Finance News - Latin America / Caribbean.Mar 12, 2007 Caribbean Star Airlines Caribbean Star Airlines is an airline based in Antigua and Barbuda. It operates scheduled passenger services in conjunction with Leeward Islands Air Transport (LIAT) to destinations in the eastern Caribbean. Its main base is VC Bird International Airport, St John's[1]. Caribbean Star Airlines negotiated a merger agreement with LIAT LIAT Leeward Islands Air Transport , an Antigua-based carrier that has been in business for 50 years. The airlines announced their intentions in October . Stanford Financial Group, which owns Caribbean Star, will lend $55 million to LIAT's shareholder governments (Antigua and Barbuda Antigua and Barbuda (ăntē`gə, –gwə, bärbu`də), independent Commonwealth nation (2005 est. pop. 68,700), 171 sq mi (442 sq km), West Indies, in the Leeward Islands. , Barbados and St. Vincent and the Grenadines Noun 1. St. Vincent and the Grenadines - an island country in the central Windward Islands; achieved independence from the United Kingdom in 1979 Saint Vincent and the Grenadines ) intended to liquidate the airline's liabilities and provide working capital. The loan will be repaid from an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. executed by Stanford within 24 months of the merger's finalization. The new airline, whose name was not announced, will be owned 60% by the aforementioned governments and LIAT shareholders, 35% by Stanford and 5% by LIAT staff. Mar 9, 2007 Copa Airlines Copa posts record $134.2 million profit, projects 'aggressive' capacity growth Copa Holdings, parent of Copa Airlines and AeroRepublica, said it posted record net income of $134.2 million in 2006, up 61.7% from $83 million the prior year, on a 39.9% jump in revenue to $851.2 million. Mar 9, 2007 Gol Gol flew 1.57 billion RPKs in February, up 66.4% from the year-ago month. Capacity rose 61.4% to 2.17 billion ASKs and load factor climbed 2.2 points to 72.3%. Mar 6, 2007 LAN Airlines LAN Airlines S.A. NYSE: LFL (formerly Lan Chile) is an airline based in Santiago, Chile. It is the principal Chilean airline and one of the largest in South America, with flights to Latin America, Canada, United States, Mexico, the Caribbean, Oceania, and Europe. LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. Airlines' board approved a capital increase of 22.1 million ordinary shares this week, replacing the increase of 7.5 million shares approved in January. Proceeds will help finance LAN's fleet expansion, comprising five unidentified long-haul aircraft, four freighters and 15 A320 family aircraft scheduled for delivery through 2011. Mar 8, 2007 03/12/2007 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. Mar 5, 2007 |
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