Triumph Group to acquire Vought Aircraft Industries for $1.44 billion
Triumph Group announced the signing of a definitive agreement to purchase Vought Aircraft Industries from The Carlyle Group for cash and stock consideration of $1.44 billion including the retirement of Vought debt, creating a company with industry-leading breadth of product and capabilities. The purchase consideration to Vought shareholders includes approximately 7.5 million shares and $525
Copa Holdings announces pricing of Public Offering of Class A common stock
Copa Holdings, S.A. announced the pricing of 1,600,000 of its Class A non-voting shares by selling shareholder Corporacion de Inversiones Aereas, S.A. or CIASA. The secondary offering of Class A common stock priced at $56.00 per share and is expected to close on March 24, 2010. Copa Holdings will not receive any proceeds from the
Embraer releases 4th quarter and fiscal year 2009 results
Embraer’s jet deliveries achieved a record high in the 4th quarter 2009, totaling 91 aircraft in a single quarter and ended 2009 with 244 aircraft delivered, surpassing by 2 aircraft the 2009 guidance. As a consequence, 2009 revenue is also in line with the 2009 guidance and totaled US$ 5.47 billion. EBIT margin was down
FedEx reports third quarter net income of $239 million
Fedex reported revenue of $8.70 billion, up 7% from $8.14 billion a year ago, operating income was up 129% to $416 million, from $182 million last year, operating margin was 4.8%, up from 2.2% the previous year and the net income was up 146% to $239 million from last year
LHT reports 6.6% increase in revenues for 2009
In 2009, the Lufthansa Technik Group bucked the general trend in the maintenance, repair and overhaul (MRO) sector, achieving a EUR 246 million (+ 6.6%) increase in revenue to EUR 4.0 billion. While it was possible to improve the operating profits by 5.7% to EUR 316 million, the operating margin retreated slightly by 0.5% to
AAR reports fiscal third quarter results
AAR reported sales of $309.6 million and net income attributable to AAR of $9.9 million for the fiscal year 2010 third quarter ending February 28, 2010. These results were unfavorably impacted by $0.10 per diluted share as a result of a customer bankruptcy. For the third quarter of last fiscal year, the Company reported sales
Iridium reports fourth quarter and full year 2009 results
Communications reported financial results for the period ended December 31, 2009. Net loss for the fourth quarter was $4.7 million compared with net income of $1.5 million for the fourth quarter of 2008, in part reflecting $17.0 million of expenses related to purchase price accounting adjustments, net of tax, relating to the GHL Acquisition Corp.
SAS ordered to pay Norwegian close to NOK 175 million for industrial espionage
SAS released that the Court of Appeal (Lagmansretten) Oslo ruled on 16 March 2010 that SAS Group shall pay damages totaling NOK 160 Million plus legal costs. In total, the amount adds up to just under NOK 175 million (approx 22 million EUR). For SAS, this will have a negative effect on results and liquidity
DVB Group posts solid results for 2009
Based on preliminary, unaudited figures, DVB Group posted solid consolidated net income (after taxes) of EUR 76.1 million, a 27.7% decline from the previous year’s figure of EUR 105.2 million. Net interest income was up slightly, to EUR 194.3 million – a positive development, given the difficult market environment in 2009. Against this background, the

