ExpressJet Holdings announced that its Board of Directors has authorized an additional $10 million for the previously announced securities repurchase program. The company expects any purchases of the notes or the stock to be made from time to time in the open market or in privately negotiated transactions. The timing of any repurchases under the
ExelTech Aerospace reported its financial results for the second quarter ended September 30, 2008. All amounts are in Canadian dollars unless otherwise indicated. The Company
Qantas said it would further cut capacity as the global financial crisis continued to affect passenger demand. The Chief Executive Officer of Qantas, Mr Geoff Dixon, said that in addition to capacity cuts announced earlier this year, Qantas would reduce capacity equivalent to grounding 10 aircraft. “By taking this action now we will have the
Albuquerque manufacturer Eclipse Aviation filed for bankruptcy protection on November 25th. The manufacturer of the Very Light Eclipse 500 jet filed for Chapter 11 protection in U.S. Bankruptcy Court in Delaware.
Philippine Airlines reported a total comprehensive loss of $113.8 million for the first six months (April to September) of its current fiscal year
Rockwell Collins has completed its acquisition of SEOS, a leading global supplier of highly realistic visual display solutions for commercial and military full flight simulators. Terms of the agreement were not disclosed. SEOS will operate under the Rockwell Collins name and will become part of the Simulation and Training Solutions organization. The acquisition is projected
Woodward Governor Company reported financial results for its fourth quarter and fiscal year 2008. Net sales for the quarter were $350.5 million, up 21% from $290.8 million for the fourth quarter of last year. Net earnings for the quarter were $34.4 million compared with $36.0 million in last year’s fourth quarter. Last year’s fourth quarter
Air France-KLM reported for the second quarter of 2008-09 that net income stood at 28 million euros versus 736 million euros the previous year, which had included proceeds of 212 million euros in respect of Amadeus. Restated for non-recurrent and non-cash items, net income stood at 244 million euros, down 49.1%. Revenues rose 3.2% to
Israel Aerospace Industries (IAI) announced a 2008 third quarter net profit of $16 million (after a $16 million provision for employee-related expenses, compared with $6 million employee-related expenses for the third quarter of 2007). Company sales for the third quarter of 2008 reached $877 million, compared with $797 million for the third quarter of 2007,
H.I.G. Capital reported that its portfolio company, Rotorcraft Leasing Company, has completed the previously announced acquisition of the production management flight services business of Bristow Group. The production management flight services business uses over 50 aircraft to provide helicopter transportation services to providers of management services and outsourced personnel to oil and gas companies in
