11 February 2009

WestJet announces fourth quarter and year-end results

WestJet announced fourth quarter and year-end financial results for 2008. The airline reported fourth quarter net earnings of $40.8 million and full-year net earnings of $178.1 million. WestJet reported a fourth quarter earnings before tax (EBT) margin of 9.5%. For the full-year 2008, the airline had an EBT margin of 10.0% and an operating margin

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AAR Landing Gear Services receives Emergency Order of Suspension from FAA

On Tuesday, February 10, 2009, AAR Landing Gear Services received an Emergency Order of Suspension from the Federal Aviation Administration, Southern Region, Office of the Regional Counsel, temporarily suspending the repair station certificate for its Landing Gear Services repair station in Miami, Florida. The Company has been in regular communication with the FAA following facility

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Alaska Airlines and Association of Flight Attendants reach tentative agreement

Alaska Airlines and the Association of Flight Attendants-CWA jointly announced a tentative agreement on a proposed two-year contract extension for the airline’s 2,830 flight attendants. The proposal to extend the contract through April 2012 was presented late yesterday to union members for review and a ratification vote. The ratification process is expected to be completed

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ACE Aviation announces offer to purchase all of its outstanding Preferred Shares

ACE Aviation Holdings announced that its Board of Directors has authorized a substantial issuer bid (the Preferred Share Offer) to indirectly purchase for cancellation all of its outstanding Preferred Shares at a purchase price of Cdn$20.00 in cash per Preferred Share. The Preferred Share Offer, made on the same terms and conditions as the previous

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