American Capital announced that on May 1 it completed the sale of its portfolio company Piper Aircraft Inc. (“Piper”) to Imprimis. American Capital realized a gain of $31 million from the transaction, subject to post closing adjustments. American Capital’s total inception to date realized gains on its Piper investments were $48 million and its compounded
ExpressJet Holdings reported a first quarter loss, excluding special items, of $10.6 million versus $22.8 million for the same period in 2008. These results represent continued improvement from the restructuring efforts ExpressJet undertook beginning mid-2008 due to record-breaking fuel prices and its amended capacity purchase agreement with Continental Airlines. Including special items, ExpressJet reported a
Piper Aircraft announced that its owner, American Capital Ltd., has sold its 100% stake in the company to Imprimis in a private transaction that aims to secure the long-term success of Florida’s 72 year-old General Aviation company. Imprimis is a corporate finance and investment management firm that operates from its offices in Bangkok, Singapore and
ANA released more details of its FY 2009 Emergency Plan, which has been in place since the start of the present fiscal year, April 1, and runs to March 31, 2010. The plan is ANA’s map for navigating the global recession and outlines how the company will prepare for the opportunities presented by the expansion
Embraer recorded first quarter 2009 net sales of $1,154.1 million and a net loss of $ 23.4 million, equivalent to diluted losses per ADS of $ 0.1289. Due to the severe worldwide economic downturn since September 2008, Embraer recorded cancellations of some of the firm orders of its executive aviation backlog as well as deferrals
LAN reported net income of $65.0 million for the first quarter 2009. This represents a 34.7% decrease compared to net income of $99.6 million in the first quarter 2008. These results were impacted by a $57.9 million fuel hedging loss recognized during the quarter. LAN’s operating income in the first quarter 2009 reached $118.1 million,
In a recessionary economic environment the Lufthansa Group generated revenue of EUR 5.0v bn (previous year: EUR 5.6bn) in the first quarter 2009. The operating result of EUR -44 million (previous year: EUR 172 million) stems from a weak demand for passenger and freight flights, but also from the lower price of fuel and from
B/E Aerospace announced first quarter 2009 net sales of $523.7 million, an increased 10.7% as compared with first quarter 2008, reflecting the inclusion of Honeywell
ANA Group has narrowed its forecast net loss from -9 billion yen to -4.5 billion yen for the fiscal year ended March 31, 2009, on the sale of certain assets. However, given the worsening global and Japanese recessions in the fourth quarter, the Group expects to post a smaller revenue and operating income than forecast
Goodrich reported first quarter 2009 net income of $170 million on sales of $1,696 million. In the first quarter 2008, the company reported net income of $158 million on sales of $1,745 million. Compared to the first quarter 2008, first quarter 2009 net income per diluted share increased 10% despite a sales decrease of 3%.
