Bombardier reported another quarter of strong financial results. Revenues for the second quarter ended July 31, 2008 increased by 22% to reach $4.9 billion. Earnings before financing income, financing expense and income taxes (EBIT) totalled $358 million, compared to an EBIT before special item of $213 million last fiscal year ($280 million before an excess-over-average
Macquarie Global Opportunities Partners (MGOP) has completed the acquisition of the jet membership, retail charter and fuel management business units previously owned by Sentient Jet Holdings, LLC. The businesses are now operating as a standalone company and will retain the Sentient brand. Terms were not disclosed.
Forward Air Corporation reported that its wholly owned subsidiary, Forward Air Solutions, has entered into an agreement to acquire certain assets of Service Express, Inc. Service Express is a privately held provider of pool distribution and related services headquartered in Spartanburg, South Carolina. During the year ended December 31, 2007, Service Express generated approximately $39
Aer Lingus announced its first half results for the 6 months ended 30 June 2008. Operating loss of EUR 3 million, down from operating profit of EUR 2.6 million in 2007. Loss driven by fuel costs which increased by EUR 56.5 million (48.7%). Aer Lingus reported an overall revenue growth of 10.2% to EUR 632.9
Deutsche Lufthansa AG and SN Airholding SA/NV, the parent company of Brussels Airlines, are in constructive negotiations over an equity investment in SN Airholding. The intention of the negotiations is a collaboration with Brussels Airlines as self-dependently operating airline within the Lufthansa affiliated group. Brussels Airlines has not been involved in an alliance to date.
HEICO Corporation reported that net income increased 18% to $12,827,000 for the third quarter of fiscal 2008 from $10,914,000 for the third quarter of fiscal 2007. For the first nine months of fiscal 2008, net income increased 23% to $34,861,000 from $28,242,000 in the first nine months of fiscal 2007. Operating income increased 15% to
ExelTech Aerospace announced its financial results for the first fiscal quarter ended June 30, 2008. (All amounts are in Canadian dollars unless otherwise indicated). Revenues for the quarter ended June 30, 2008 totalled $15.3 million compared to $13.7 million for the quarter ended June 30, 2007, an increase of 11%. Despite this increase in revenue,
Based on the resolutions passed by the Ordinary Annual Shareholders
AMR Corporation is notifying holders of the $225,490,000 outstanding principal amount of its 4.25% Senior Convertible Notes due 2023 that they have an option, pursuant to the terms of the Notes, to require AMR to purchase, on Sept. 23, 2008, all or a portion of such holders’ Notes (the “Put Option”) at a price equal
Qantas announced a record profit before tax of $1,408 million for the full year ended 30 June 2008, a 46% increase on the prior year results. The Board declared a final fully franked ordinary dividend of 17% per share, taking the full year ordinary dividend to 35% per share, which represents a dividend payout of
