AerCap Holdings board of directors approved a share repurchase program. The Amsterdam-based aircraft lessor said the program "is limited by restrictive covenants in a debt facility expiring in 2015 to $25 million share repurchases annually and $50 million in aggregate." GECAS delivered one new Airbus A320 to Philippine Airlines, to be operated by AirPhil Express. It also delivered three new Boeing 737-800s to Garuda Airlines in Indonesia. Baltia Air Lines announced Dec. 9 it ...

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