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
Israel Aerospace Industries (IAI) announced a 2008 second quarter income of $19 million, (after a $ 12 million provision for employee-related expenses and recording of accounting losses, in consequence of the strengthening of the NIS vis-a-vis the USD, in an amount of approx. $ 36 million), as compared with $ 14 million for the second
Mesa Air Group reported third quarter after tax income of $1.8 million from continuing operations on operating revenues of $353.9 million. Total operating revenues for the third quarter of 2008 increased $13.5 million, or 4.0% from the same quarter in 2007. The net income of $1.8 million compares to a net gain from continuing operations
General Dynamics and Dreamliner Lux S.a.r.l., a company controlled by the Permira Funds, have entered into a definitive agreement for General Dynamics to acquire Zurich, Switzerland-based Jet Aviation for CHF 2.45 billion (approximately $2.25 billion) in cash. The proposed acquisition, which has been approved by the boards of directors of both companies, would be immediately
Woodward and MPC Products Corporation have entered into a definitive stock purchase agreement under which Woodward would acquire MPC in a transaction valued at approximately $383 million. MPC, a privately-held company headquartered in Skokie, Ill., operated under the leadership of Joseph Roberti and Vincent Roberti for more than 45 years. MPC is an industry leader
