Cargojet Income Fund reported that Cargojet Airways, a company owned by the Fund, has agreed to acquire the remaining 49% interest in Prince Edward Air (“PEAL”), its regional operator of cargo aircraft based in Eastern Canada. Cargojet Airways had previously acquired a 51% interest in PEAL on May 1, 2008. The transaction is scheduled to
Full year rental revenues increased 19.1% to $216.0 million, full year net income increased 4.5% to $40.9 million / EPS of $1.14, full year EBITDA increased 20.8% to $197.0 million. Fourth quarter net income increased 66.7% to $10.7 million / EPS of $0.30.
Astronics Corporation announced that its previously reported results for the 2008 fourth quarter and full year ended December 31, 2008, have been revised to reflect the write off of all remaining assets related to its business with Eclipse Aviation, which last week informed its suppliers that it has suspended all business operations after deciding not
General Electric Company (GE) has signed a definitive agreement to purchase Teleflex Incorporated’s (Teleflex) 51% share of Airfoil Technologies International-Singapore (ATI-Singapore), a joint venture between GE and Teleflex, for $300 million in cash. GE currently holds a 49% share in ATI-Singapore. The purchase will be completed upon receipt of various regulatory approvals and customary closing
Woodward Governor Company has reached a definitive agreement to acquire HR Textron for approximately $365 million in cash. Under the purchase agreement, Woodward would acquire all of the outstanding capital stock of HR Textron from Textron Inc., its parent company, and the UK assets used in HR Textron’s business. HR Textron would become a wholly
Lufthansa has submitted a public takeover offer to the shareholders of Austrian Airlines AG through
Aircastle Limited reported fourth quarter net income of $24.7 million and adjusted net income of $46.6 million. Net income for the year ended December 31, 2008 was $115.3 million and adjusted net income for the year of $150.9 million. Fourth quarter total revenues were $157.8 million, an increase of $37.1 million or 30.7% over fourth
Iberia reported its 2008 results to Spain
AS Estonian Air, in which the SAS Group owns 49% of the shares, has resolved to conduct a rights offering of approximately EUR 7.3 million in order to provide for additional liquidity to fund the future cash flow and capital requirements of the company. The SAS Group will, in order to seek to protect the
Air New Zealand announced earnings before taxation of $26 million for the six-month period ended 31 December 2008, a decrease of 84% on the same period last year. Net profit after tax was $24 million, down 79%. Operating revenue increased by 3.7% or $87 million on the same period last year to $2.4 billion for
