25 November 2008

Qantas announces further capacity cuts and profit forecast

Qantas said it would further cut capacity as the global financial crisis continued to affect passenger demand. The Chief Executive Officer of Qantas, Mr Geoff Dixon, said that in addition to capacity cuts announced earlier this year, Qantas would reduce capacity equivalent to grounding 10 aircraft. “By taking this action now we will have the …

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ExpressJet adds additional $10 million to securities repurchase program

ExpressJet Holdings announced that its Board of Directors has authorized an additional $10 million for the previously announced securities repurchase program. The company expects any purchases of the notes or the stock to be made from time to time in the open market or in privately negotiated transactions. The timing of any repurchases under the …

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Emrise receives $1.0 million in new orders for in-flight entertainment products

EMRISE CORPORATION, a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced that it has received $1.0 million in new orders for electronic devices and subsystems to be used in commercial In-Flight Entertainment and Communication (IFE&C) systems. Shipments of these orders are expected to begin in the first quarter of 2009 and …

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