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Bombardier today released its financial results for the first quarter ended April 30, 2011. This is the first interim reporting under IFRS*. Revenues reached $4.7 billion, a 9% increase, compared to $4.3 billion last fiscal year. Earnings before financing income, financing expense and income taxes (EBIT) totalled $312 million, compared to $279 million last fiscal year, representing an EBIT margin of 6.7% for the first quarter ended April 30, 2011, compared to 6.5% for the corresponding period last fiscal year.

Today, the JSC United Aircraft Corporation [RTS, MICEX: UNAC] held a regular Board of Directors (BoD) meeting chaired by Sergei Ivanov, Deputy Prime Minister of the Russian Federation at the headquarters of the Corporation. The BoD considered the Corporation’s Development Strategy for the period until 2025. The meeting’s agenda also included issues of administration of the UAC’s budget for 2010 and the budget for 2011; preparations for the JSC UAC’s Annual General Shareholders Meeting, and other issues.

BAE Systems announced today an agreement to sell its commercial aircraft lease portfolio and Asset Management business to investment affiliates of Fortress Investment Group LLC (NYSE:FIG).

Norwegian Air Shuttle ASA has entered into a Letter of Intent (LoI) with Icelandair for the right to acquire three Boeing 787-8 Dreamliner aircraft, which Icelandair currently has on order.

United Continental Holdings, Inc. (NYSE: UAL) today announced that it is notifying holders of the $726,000,000 outstanding principal amount of its 4.50% Senior Limited-Subordination Convertible Notes due 2021 (the “Notes”) that they have an option, according to the terms of the Notes, to require the company to purchase, on June 30, 2011, all or a portion of such holders’ Notes (the “Put Option”) at a price equal to $1,000 per $1,000 principal amount of the Notes, plus any accrued and unpaid interest to, but excluding, June 30, 2011. 

The Board of Directors of Air France-KLM, chaired by Jean-Cyril Spinetta, met on 18th May 2011 to approve the accounts for Financial Year 2010-11.

Today, Bombardier Aerospace released its annual aircraft market forecasts for the business and commercial aircraft markets.

· Income before nonrecurring items in continuing operations: MSEK -505 (-844)

· EBT margin before nonrecurring items in continuing operations: -5.5% (-8.9%)

· Cash flow from operating activities: MSEK -567 (30)  

· Income before tax: MSEK -554 (-972)

· Net income for the period: MSEK -373 (-712)

· Earnings per share: SEK -1.13 (-3.64)

DUBAI, U.A.E., 10th May 2011: The Emirates Group has marked its 23rd consecutive year of profit with a record performance of AED 5.9 billion (US$ 1.6 billion) net profit, despite a challenging business climate. 

Following its acquisition of AirTran Airways on Monday, Southwest Airlines (NYSE: LUV) announced to the Employees of both airlines today the new leadership structure for the combined Company.

Southwest Airlines (NYSE: LUV) announced today that it has closed on its purchase of all of the outstanding common stock of AirTran Holdings, Inc. (NYSE: AAI), the former parent company of AirTran Airways (AirTran).

CHICAGO, May 2, 2011 /PRNewswire/ -- Boeing (NYSE: BA) Chairman, President and Chief Executive Officer Jim McNerney reports that the board of directors today declared a regular quarterly dividend of forty-two (42) cents per share.

WestJet (TSX:WJA) today reported first quarter 2011 net earnings of $48.2 million, or 34 cents per share, a significant improvement from $2.4 million or 2 cents per share reported in the first quarter of 2010. The airline achieved an operating margin of 10.3 per cent which represents an increase of 6.4 points compared to the first quarter of 2010.

Bombardier today announced the release of its restated results under IFRS for the fourth quarter and year ended January 31, 2011.

Soaring oil prices gave Norwegian an additional bill of over MNOK 140 in the first quarter. The high oil prices strongly contributed to the net result after tax of MNOK -293. The company transported 3.1 million passengers, 14 percent more than the same quarter last year and the turnover was NOK 1.9 billion, an increase of 19 percent. Production increased by 28 percent.