Honeywell reaffirmed its 2008 financial guidance. The company expects sales of approximately $36.6 billion, earnings per share of $3.76-3.80, and free cash flow of $3.2 billion, excluding cash taxes relating to the sale of the Consumable Solutions business (cash flow from operations of $4.0 billion). In 2009, the company forecasts sales of $33.6-35.3 billion and
UAL Corporation announced a sale and leaseback transaction that added approximately $150 million of cash to the company’s unrestricted liquidity. The company sold 15 Boeing 757 aircraft to East Shore Aircraft, LLC, a wholly owned subsidiary of Wayzata Opportunities Fund II, LP, for approximately $150 million. United Airlines will lease these aircraft back from East
FedEx Corporation expects to report earnings of $1.58 per diluted share for the second quarter ended November 30. Previous earnings guidance for the quarter was $1.40 to $1.60 per diluted share. For fiscal 2009, the company has reduced its earnings guidance to $3.50 to $4.75 per diluted share from the previous guidance of $4.75 to
The Boeing Company has completed its acquisition of Federated Software Group, a St. Louis-based company whose engineering services and software systems help track and distribute equipment and personnel for the U.S. Department of Defense. Federated Software Group will operate within Boeing Integrated Defense Systems’ Global Services & Support division. The acquisition, announced Oct. 16, 2008,
The Supervisory Board of Deutsche Lufthansa AG approved a bid to purchase up to 100% of the shares in Austrian Airlines. Lufthansa will initially acquire the 41.56% share in Austrian Airlines AG held by
Bombardier reported solid financial results for the third quarter ended October 31, 2008. Revenues increased by 8% to reach $4.6 billion. Earnings before financing income, financing expense and income taxes (EBIT) grew by $114 million to $315 million, compared to an EBIT of $201 million last fiscal year ($269 million before an excess-over-average production cost
TES Aviation Group announces an increase in the Company’s share capital by DVB Bank SE as part of an ongoing programme to increase funding facilities of the business for the acquisition of aircraft and engines. Bob James, Managing Director and CEO (Joint) said “We are delighted to see the continued DVB financial commitment to the
After receiving a second proposal by Ryanair, Aer Lingus released the following statement: The Board of Aer Lingus Group plc (“Aer Lingus”) has considered the announcement by Ryanair Holdings plc (“Ryanair”) of its intention to make another unsolicited offer for the whole of the issued and to be issued ordinary share capital of Aer Lingus
In the third quarter of 2008, Air Berlin increased its operating income by 57% over the corresponding quarter of the previous year. Net profit increased by 43.2%. This was the first quarter ever, in which turnover exceeded EUR 1 billion.
