- Gulf Air has ordered 35 aircraft from Airbus. The order – valued at $5 billion at list prices – is for 15 A320s and 20 A330-300s.
- The four public lessors reported their financial results for the first quarter of 2008. Aircastle and Genesis both reported profits up from the previous year, while AerCap's net income was down 16%.
With a portfolio of 136 aircraft – valued at $4.2 billion – Aircastle recorded total revenues of $135 million, an increase of 92% over the same period last year and a net income for the first quarter of $31.6 million, up 46.9% over the first quarter 2007.
Genesis recorded a net income of $11.5 million and revenues of $54.1 million, up from $40.5 million in 2007, while Babcock & Brown Air reported revenues of $51.9 million for its 52 aircraft. The company, which launched in September 2007, had a...
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