OpenSkies, the unique all business airline operating nonstop flights between New York (Kennedy and Newark) and Paris (Orly), and between New York (Kennedy) and Amsterdam (Schiphol), has completed its merger with L’Avion, the first all business class French airline. The combined airline, now referred to as OpenSkies, offers customers a single, premiere Business Class brand
United Airlines reported its preliminary consolidated traffic results for March 2009. The company reported a March consolidated passenger load factor of 78.7% down 3.3 pts. Total consolidated traffic decreased in March by 13.6% on a consolidated capacity decrease of 9.9% compared with the same period in 2008.
Limco-Piedmont Inc. and TAT Technologies Ltd. have entered into a definitive agreement and plan of merger pursuant to which TAT (which presently owns 61.8% of Limco’s common stock) will acquire all of the publicly held shares of common stock of Limco pursuant to a stock for stock merger. Under the terms of the merger agreement,
Woodward Governor Company completed the acquisition of all the outstanding shares of stock of HR Textron from Textron Inc. and substantially all the UK assets and certain liabilities related to the HR Textron business of Textron Limited. Woodward previously announced the signing of a definitive purchase agreement on February 27, 2009. The purchase price of
Bombardier reported strong financial results for the fourth quarter and the year ended January 31, 2009 showing improvements in revenues, profitability and a robust cash position. Revenues increased by 13% to reach $19.7 billion. Earnings before financing income, financing expense and income taxes (EBIT) reached $1.4 billion, up 56% compared to $902 million before special
Avcorp released its financial results for the year ended December 31, 2008. During the year ended December 31, 2008, the Company recorded earnings from operations of $485,000 on $128,868,000 revenue, an improvement over the $205,000 earnings from operations on $110,283,000 revenue for the preceding year; and a net loss for the current year of $2,251,000
For the year, Gulfstream reported a 2008 net loss of $14.8 million ($5.00 diluted loss per share), and a fourth quarter net loss of $5.9 million ($1.99 diluted loss per share). The net loss in 2008 was significantly affected by three non-cash charges totaling $11.5 million, the latter two of which also impacted the fourth
Air Berlin PLC was informed that the Turkish ESAS Holding A.S. which, inter alia, operates Pegasus Airlines, on 28 March 2009, concluded a share purchase agreement for the acquisition of approximately 15% of the voting shares of Air Berlin PLC. According to ESAS Holding, the execution of the share purchase agreement is subject to the
BOC Aviation recorded a net profit after tax of $107 million for 2008, 32% higher than the $81 million earned in the previous year. This is the first year that BOC Aviation has achieved a net profit after tax of more than $100 million. BOC Aviation recorded higher lease rentals from a bigger portfolio as
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
