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Financial

Embraer releases fourth quarter and fiscal Year 2008 results

Embraer recorded fourth quarter 2008 net sales of US$1,818.4 million and net sales for FY2008 of US$6,335.2 million. Net Income for 4Q08 and for the full year totaled US$111.7 million and US$388.7 million, equivalent to diluted earnings per ADS of US$0.7181 and US$2.2432, respectively. The firm order backlog on December 31, 2008, decreased 3.2%, compared

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Willis Lease Finance reports record 2008 net income of $26.6 Million

Willis Lease Finance Corporation reported record revenues, net income and earnings per share in 2008, reflecting continued growth in the lease portfolio, high utilization of lease assets and historically low interest rates. Willis Lease’s net income available to common stockholders increased 61% to $23.5 million, or $2.68 per diluted share in 2008, compared to $14.5

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EL AL reports fourth quarter and 2008 financial results

EL AL reported revenues of $2.1 billion, an increase of about 9% compared to the last year, Annual gross profits totaled about $325.3 million, compared to gross profits of $414.8 million in the previous year. The losses for 2008 totaled about $38.8 million, compared to a profit of $44.8 million last year, cash flow from

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GOL announces capital increase of R$203.5 million

GOL Linhas Aereas Inteligentes S.A. announces that, in accordance with Instruction n 358/02 of the Brazilian Securities Commission, as amended, its Board of Directors at a meeting held on March 20, 2009, approved a capital increase of the Company in the amount of R$203,531,031.60 and the issuance of 26,093,722 shares, comprising 6,606,366 common shares and

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ACE Aviation Holdings announces final results of substantial Issuer Bid

ACE Aviation Holdings (ACE) announced the final results of its previously announced offer (the Offer) to indirectly purchase for cancellation all of its outstanding preferred shares, which Offer was launched on February 11, 2009 and expired at 5:00 p.m. (Montreal time) on March 19, 2009. Based on final reports from CIBC Mellon Trust Company, the

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FedEx reports third quarter results

FedEx Corp. reported consolidated revenue of $8.14 billion, down 14% from $9.44 billion the previous year, operating income of $182 million, down 72% from $641 million a year ago, operating margin of 2.2%, down from 6.8% the previous year and a net income of $97 million, down 75% from last year

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AAR reports net income of $20.0 million for third quarter

AAR reported net income of $20.0 million for the third quarter ended February 28, 2009. Year over year, sales declined from $376.6 million to $338.8 million due mainly to lower sales in the Aircraft Sales and Leasing segment. Excluding Aircraft Sales and Leasing, sales were essentially unchanged from last year.

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