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These excerpts taken from the AYR 10-K filed Mar 2, 2009. North
American Concentration
Six lessees based in North America accounted for 13% of our
lease rental revenues for the year ended December 31, 2008.
Despite recent improvements in the financial results of many
carriers, airlines remain highly susceptible to macroeconomic
and geopolitical factors outside their control. The outbreak of
war and prolonged conflict in Iraq and the September 11,
2001 terrorist attacks in the United States have resulted in
tightened security measures and reduced demand for air travel,
which, together with high and volatile fuel costs, have imposed
additional financial burdens on most U.S. airlines.
North American Concentration Six lessees based in North America accounted for 13% of our lease rental revenues for the year ended December 31, 2008. Despite recent improvements in the financial results of many carriers, airlines remain highly susceptible to macroeconomic and geopolitical factors outside their control. The outbreak of war and prolonged conflict in Iraq and the September 11, 2001 terrorist attacks in the United States have resulted in tightened security measures and reduced demand for air travel, which, together with high and volatile fuel costs, have imposed additional financial burdens on most U.S. airlines. This excerpt taken from the AYR 10-Q filed Nov 17, 2008. North
American Concentration
Lease rental revenues from 6 lessees based in North America
accounted for 12% of our total revenues for the quarter ended
September 30, 2008. Despite recent improvements in the
financial position of many carriers, airlines remain highly
susceptible to macroeconomic and geopolitical factors outside
their control. During the past 15 years a number of North
American passenger airlines filed Chapter 11 bankruptcy
proceedings and several U.S. airlines ceased operations
altogether. The outbreak of war and prolonged conflict in Iraq
and the September 11, 2001 terrorist attacks in the United
States have resulted in tightened security measures and reduced
demand for air travel, which, together with high and volatile
fuel costs, have imposed additional financial burdens on most
U.S. airlines.
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