XOJET announced financing agreements for up to $2.46 billion to fund its North American operations and global expansion strategy. XOJET also announced the proposed launch of a separate joint venture with investment company Tasameem Real Estate Company, LLC (Tasameem) to be headquartered in the United Arab Emirates
Air Berlin PLC was notified on May 20th, 2008 that AI Aviation Co
Eos Airlines has filed a motion asking the U.S. Bankruptcy Court for the Southern District of New York to approve a process and schedule for the auction and sale of the company and its assets. Eos, the premium class New York to London carrier, filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy
British Airways presented its preliminary results for the 12 months ended March 31, 2008. Group revenue in quarter 4 was up 10.3% to
Iberia’s first-quarter results were dulled by the sharp hikes in the price of aviation fuel, which translated into an additional cost of
Willis Lease Finance Corporation reported high utilization of its growing engine portfolio and continuing strong demand for leased engines contributed to 19% year-over-year revenue growth in the first quarter of 2008. Willis Lease generated net income available to common stockholders of $4.3 million, or $0.49 per diluted share, in the first quarter of 2008, up
EADS reported that despite a difficult economic environment and a weak US dollar, the Group continued to experience strong business momentum in the first quarter of 2008. The remarkable order intake reflects the capabilities of EADS’ product portfolio on the global market, in particular at Airbus and Military Transport Aircraft Division. The Q1 2008 EBIT
FedEx announced that earnings for the fourth quarter ending May 31, 2008 are expected to be in the range of $1.45 to $1.50 per diluted share, compared to the previous forecast of $1.60 to $1.80.
GA Telesis (“GAT”) has acquired the assets of Curtiss Wright Accessories Services located in Miami, FL, from Curtiss-Wright Controls, Inc. GAT will operate the business as a going concern rebranded as GA Telesis Component Repair Group Southeast (
Vought reported that revenue for the three months ended March 30 was $425.4 million, an increase of $44.7 million or 12%, compared with revenue of $380.7 million for the same period last year. The growth was driven by increases in both the commercial and military categories. Commercial revenue increased by $21.4 million or 11%. Revenues
