Avcorp Industries reported that Mr. Michael C. Scholz, Chairman, Avcorp Industries has acquired securities of Avcorp Industries Inc. which have taken him over securities reporting thresholds. On October 8 and 10, 2008, Mr. Scholz acquired 75,000 common shares of the Company, which when taken together with the 6,468,762 common shares already held or controlled by
Delta reported a pre-tax loss of $50 million for the September 2008 quarter. Excluding special items Delta reported a pre-tax loss of $26 million in the third quarter of 2008 compared to pre-tax income of $363 million in the third quarter of 2007. The year-over-year decrease in pre-tax income was driven by higher fuel prices,
AMR Corporation reported a net profit of $45 million for the third quarter of 2008. The results for the third quarter of 2008 include the impact of several special items. The Company recorded a $432 million gain from the sale of American Beacon Advisors. The Company also recorded $27 million in one-time severance and aircraft
Atlas Air Worldwide Holdings, a leading provider of global air cargo assets and services, said that it expects pretax earnings from operations in 2008 to exceed $65.0 million compared with previous guidance of approximately $85.0 million. Not included in AAWW
Atlas Air Worldwide Holdings announced that the Company
Private jet charter company JetSuite and Mosaic Leasing announced an agreement to finance a portion of JetSuite’s growing fleet of Embraer light jets. JetSuite has ordered a total of 50 firm and 50 options on Embraer Phenom 100 light jets. The company plans to launch operations from Los Angeles and Las Vegas next year with
Industria de Turbo Propulsores, S. A. (ITP) has agreed to acquire Alstom Aerospace, a company dedicated to engineering services and the design and manufacture of turbo-machinery and aeronautical software. Alstom Aerospace is a division of Alstom Ltd, an affiliate in which Alstom S.A. holds a 100% stake. The acquisition was carried out through ITP Engines
Petters Aviation and its subsidiaries, including MN Airlines LC, d.b.a. Sun Country Airlines filed for protection under Chapter 11 of the United States Bankruptcy Code. Sun Country Airlines will continue to operate and fly its regular flight schedule. Stan Gadek, Chairman and Chief Executive Officer of Sun Country said,
Woodward Governor Company completed the acquisition of MPC Products Corporation. Woodward announced the signing of a definitive stock purchase agreement on August 19, 2008. MPC is an industry leader in the manufacture of high-performance electromechanical motion control systems primarily for aerospace applications. The main product lines include high performance electric motors and sensors, analog and
The sale of the site in Laupheim, Germany, from Airbus to Diehl/Thales was closed with effect from 1 October 2008 and all operational business and assets were transferred. This is in line with the announcement made by Airbus on 1 August 2008.
