AAR reported fiscal 2009 first quarter net sales of $359.9 million and income from continuing operations of $18.7 million. Sales grew 18% from $306.0 million in last year’s first quarter, and income from continuing operations increased 23% from $15.3 million in the prior year. Sales to defense customers increased 32% and sales to commercial customers […]
AAR reports record first quarter results Read More »
Embraer announced the sale of the first EMBRAER 195 jet to Montenegro Airlines. The agreement with the airline from the Republic of Montenegro also includes purchase rights for two more aircraft of the same model. The value of the deal, at list price, is $39.5 million, and could total $118.5 million, if all of the
Montenegro Airlines buys first E-Jet from Embraer Read More »
The Light Helicopter Turbine Engine Company (LHTEC), a 50:50 joint venture between Honeywell and Rolls-Royce, has achieved European Aviation Safety Agency Type Certification for the CTS800-4N engine that will power the UK
Future LYNX engine achieves EASA certification Read More »
HEICO Corporation announced that its Board of Directors has elected Mark H. Hildebrandt to its Board of Directors effective immediately. Mr. Hildebrandt, who is not affiliated with HEICO, is considered an “independent” member of the Company’s Board and he replaces Joseph W. Pallot, who resigned to become HEICO’s full-time General Counsel. Accordingly, approximately two-thirds of
HEICO Corporation elects Mark H. Hildebrandt to Board of Directors Read More »
Wataniya Airways, based in, Kuwait City, Kuwait leased one new Airbus A320-200 aircraft from ILFC. The aircraft is powered by CFM56-5B4/3 engines and will deliver in May 2009. The lease term is for 8 years.
Wataniya Airways leases one new Airbus A320-200 aircraft Read More »
Astronics Corporation announced a one-for-four distribution of Class B Stock to holders of both Common and Class B Stock. Stockholders will receive one share of Class B Stock for every four shares of Common and Class B Stock held on the record date of October 6, 2008. Fractional shares will be paid in cash. The
Astronics announces one-for-four stock distribution Read More »
