12 February 2008

Forward Air reports fourth quarter and fiscal 2007 results

Forward Air Corporation reported results for the fourth quarter and fiscal year ended December 31, 2007. Operating revenue for the quarter increased 22.8% to a record $114.5 million from $93.2 million for the same quarter in 2006. Income from operations was $20.0 million, compared with $18.9 million in the prior-year quarter, an increase of 5.9%.

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Iberia to maintain aircraft, engines and components for Iberworld

Iberia has signed three separate contracts with the Iberworld company under which it will perform aircraft maintenance and logistical support services at the installations of Iberia Maintenance in Madrid. The first contract covers inspections and maintenance of 10 CFM56-5B engines belonging to the Airbus A320 fleet, including disassembly and assembly. The contractual term begins this

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AAR completes $225 million private placement of convertible notes

AAR CORP. reported the completion of a private placement of $125 million aggregate principal amount of 1.625% convertible senior notes due 2014 and $100 million aggregate principal amount of 2.25% convertible senior notes due 2016 (together, the “Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of

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Ralph Boyce to lead Boeing's Southeast Asia business

Boeing named Ralph “Skip” Boyce president of Boeing Southeast Asia. Boyce will focus on strengthening the company’s presence across the region and supporting opportunities to increase Boeing’s growth and productivity. He will be based in Singapore and report to Shep Hill, president, Boeing International. Boyce succeeds two retiring Boeing leaders: Douglas Miller, Boeing Integrated Defense

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