Iberia released that net earnings by the Iberia Group climbed to 327.6 million euros from the 56.7 million euros posted in 2006, far exceeding the targets set in the 2006-2008 Strategic Plan, and enabling the company to pay its shareholders a dividend of 17 eurocents per share. Operating earnings in 2007 reached 283.5 million euros,
ELAL reported that revenues reached an all-time record, and totaled $471.5 million, compared to $388.6 million in the first quarter last year, an increase of 21%. Gross profits in this quarter totaled $54.9 million, an increase of 12% compared to the parallel quarter last year. Operating loss this quarter totaled $47.4 million, compared to a
HEICO Corporation has entered into an amended, senior unsecured revolving credit facility with a banking syndicate led by SunTrust Robinson Humphrey, Inc. and J.P. Morgan Securities, Inc. The amendment increases the revolving credit commitment amount from $130 million to $300 million, which may be increased to $500 million under certain circumstances. The borrowings under the
In Q1 2008 Israel Aerospace Industries (IAI) recorded a net profit of $40 million (after a provision of $13 million for employee retirement), compared with $44 million in Q1 2007, a 9.1% drop. The Company’s sales in Q1 2008 totaled $1,014 million, compared with $800 million in the corresponding period of last year, a 28%
Astronics Corporation has entered into a five-year $60 million committed revolving credit facility, which will replace its existing $25 million facility. The Company entered into the new credit facility with HSBC Bank USA, National Association, the lead bank, and Bank of America, N.A. and KeyBank as participating lenders. The expanded credit facility is committed through
Air France-KLM reported operating income of 1.41 billion euros up 13.3%, income from operating activities rose 3.2% to 1.27 billion euros (versus 1.23 billion euros a year earlier). Excluding exceptional items (cargo provision and proceeds from Amadeus), it would have increased by 23.0%. Pre-tax income of fully integrated companies amounted to 1.15 billion euros. After
Air Berlin PLC was notified on May 20th, 2008 that AI Aviation Co
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
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
