The SIAEC Group posted a profit attributable to equity holders of $56.0 million, a decrease of $7.0 million or 11.1% over the corresponding period last year. Revenue at $241.5 million was lower by $28.5 million or 10.6%, due to a drop in airframe maintenance and component overhaul work against the backdrop of a continued reduction
UPS announced that it expects to exceed its previously announced estimate for 4th quarter 2009 earnings, now anticipating a range of $0.73 to $0.75 per diluted share. The company previously projected earnings of $0.58 to $0.65 per diluted share for this period. In an effort to improve performance in the U.S. package segment, UPS also
MESA AIR GROUP has commenced a financial restructuring through the voluntary filing of petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the
Goodrich Corporation has completed the acquisition of AIS Global Holdings LLC (AIS), known as Atlantic Inertial Systems, from an investment affiliate of J.F. Lehman & Company. The purchase price was approximately $375 million. Goodrich had announced its intentions to acquire AIS on November 17, 2009. AIS is a leading provider of mission-critical guidance, stabilization and
Vought Aircraft Industries reported financial results for its second quarter ended June 28, 2009. Revenue for the second quarter of 2009 was $491.5 million, an increase of $10.8 million or 2%, compared with revenue of $480.7 million for the same period last year. Operating income for the second quarter was $32.7 million which is consistent
Willis Lease Finance Corporation reported solid second quarter and year-to-date profitability fueled by growth in its lease portfolio as well as lower borrowing costs. Second quarter 2009 net income available to common shareholders totaled $4.2 million compared to $5.6 million in the like quarter a year ago. Net income available to common shareholders in the
TransDigm Group Incorporated has acquired certain aerospace related assets from a wholly-owned subsidiary of Woodward Governor Company for approximately $48 million in cash. Woodward recently acquired this business as part of its acquisition of HR Textron, Inc. The product line has expected calendar 2009 revenues of approximately $20 million with almost half coming from the
Southwest Airlines confirmed that the carrier submitted its binding cash offer of more than $170 million to acquire Frontier Airlines, which will be sold at auction as part of Frontier’s bankruptcy case. The bid was submitted to Frontier in accordance with the procedures established in the U.S. Bankruptcy Court for the Southern District of New
Air Canada reported second quarter 2009 net income of $155 million including gains on foreign exchange of $355 million. This compares with net income of $122 million in the second quarter of 2008 that included gains on foreign exchange of $48 million. EBITDAR amounted to $135 million, a decrease of $114 million from the second
AerCap reported that second quarter 2009 net income was $56.6 million, compared with net income of $68.6 million for the same period in 2008. Second quarter 2009 net income excluding the impact of the mark-to-market of interest rate caps and share-based compensation was $39.1 million, compared with $58.2 million in second quarter 2008 on the
