LYCOS RETRIEVER 
Air: Aircraft
built 274 days ago
DUBLIN, Ireland, Nov. 14 /PRNewswire-FirstCall/ -- Babcock & Brown Air Limited FLY, a company that leases commercial aircraft worldwide, announced today that it has filed a Form 6-K with the SEC that includes its balance sheet as of September 30, 2007. Commercial operations of Babcock & Brown Air ("B&B Air") began on October 2, 2007 ("Closing Date"), upon completion of its initial public offering and the closing of its debt securitization. Accordingly, the Form 6-K filing reflects only start-up expenses of B&B Air.
Source:
DUBLIN, Ireland, Jan. 14 /PRNewswire-FirstCall/ -- Babcock & Brown Air Limited FLY, a company that leases commercial aircraft worldwide, announced today that its board of directors has declared a cash dividend for the fourth quarter of 2007 of $0.50 per common share. The dividend will be payable on February 20, 2008 to shareholders of record as of January 31, 2008.
Source:
As of the Closing Date, B&B Air receives the full economic benefits from all 47 aircraft and leases in its initial portfolio. The operating revenues and expenses for the period between the Closing Date and the actual transfer date of each aircraft to B&B Air will be treated as adjustments to the purchase prices of the aircraft. As a result, the operating revenues and expenses from the transferred aircraft will only be recognized in B&B Air's income statement subsequent to the actual transfer dates.
Source:
MORE ABOUT
Aircraft