Latest News on AirFinanceJournal.com http://www.airfinancejournal.com The financial magazine for the commercial aviation market. In-depth global analysis of aviation finance deals and market moves for senior finance, treasury and planning executives en-us © 2008 Euromoney Institutional Investors Plc. All Rights Reserved. Wed, 20 Aug 2008 21:35:43 GMT 50 China Southern posts first half net profit http://www.airfinancejournal.com/default.asp?Page=2&PUB=136&ISS=24898&SID=710278 China Southern Airlines has posted a first half net profit (according to Chinese accounting standards) of 838 million yuan ($122 million) – an increase of 368% compared to the equivalent period last year. Wed, 20 Aug 2008 GMT BAA recommended to sell three airports http://www.airfinancejournal.com/default.asp?Page=2&PUB=136&ISS=24898&SID=710284 Wed, 20 Aug 2008 GMT LCI to purchase aircraft from CIT http://www.airfinancejournal.com/default.asp?Page=2&PUB=136&ISS=24898&SID=710294 Lease Corporation International will buy three aircraft from CIT Aerospace. The deal is comprised on one A320-200 on lease to Asiana Airlines, one A330-200 on lease to Thomas Cook Airlines, and one 737-800 on lease to GOL Linhas Aereas. Wed, 20 Aug 2008 GMT General Dynamics to acquire Jet Aviation for $2.25 billion http://www.airfinancejournal.com/default.asp?Page=2&PUB=136&ISS=24898&SID=710255 General Dynamics is set to acquire Zurich-based Jet Aviation for $2.25 billion. Tue, 19 Aug 2008 GMT TAM takes delivery of 777-300ER http://www.airfinancejournal.com/default.asp?Page=2&PUB=136&ISS=24898&SID=710254 TAM Airlines has taken delivery of the first of eight 777-300ERs. Tue, 19 Aug 2008 GMT BAA set to complete $13 billion refinancing http://www.airfinancejournal.com/default.asp?Page=2&PUB=136&ISS=24898&SID=710215 Airports operator BAA is set to complete a $13 billion refinancing this week, as it expects the Competition Commission to conclude that its ownership of the UK's three largest airports is against the public interest. Mon, 18 Aug 2008 GMT MAS net profit falls by 64% http://www.airfinancejournal.com/default.asp?Page=2&PUB=136&ISS=24898&SID=710222 Malaysian Airlines (MAS) has reported a 64.6 % drop in net profit for the second quarter. MAS earned 39.98 million ringgit ($12 million), compared to a net profit of 112.85 million ringgit in the equivalent period last year. Mon, 18 Aug 2008 GMT American orders 26 737-800s http://www.airfinancejournal.com/default.asp?Page=2&PUB=136&ISS=24898&SID=710206 American Airlines has ordered 26 737-800s, worth approximately $1.9 billion at list prices. Fri, 15 Aug 2008 GMT American Airlines should be fined for safety breach, says FAA http://www.airfinancejournal.com/default.asp?Page=2&PUB=136&ISS=24898&SID=710210 The Federal Aviation Administration (FAA) has recommended civil penalties against American Airlines for flying two aircraft that were "not airworthy". Fri, 15 Aug 2008 GMT Korean Air reports first quarterly loss since 2005 http://www.airfinancejournal.com/default.asp?Page=2&PUB=136&ISS=24898&SID=710180 Korean Air, South Korea's flag carrier, has reported a 116.4 billion won ($112 million) operating loss for the second quarter of the year – its first quarterly operating loss in five years. Thur, 14 Aug 2008 GMT DVB reports increase in pre-tax profits http://www.airfinancejournal.com/default.asp?Page=2&PUB=136&ISS=24898&SID=710170 DVB Bank has released its six-month results for 2008. Pre-tax profits were EUR 85.1 million ($127 million), an increase of 9.7% compared to the previous year. Thur, 14 Aug 2008 GMT El Al Israeli Airlines reports Q2 loss of $11.2 million http://www.airfinancejournal.com/default.asp?Page=2&PUB=136&ISS=24898&SID=710172 El Al Israeli Airlines has released its second quarter 2008 results, with a loss of $11.2 million. Thur, 14 Aug 2008 GMT BA, American and Iberia in transatlantic tie-up http://www.airfinancejournal.com/default.asp?Page=2&PUB=136&ISS=24898&SID=710194 Thur, 14 Aug 2008 GMT