Israel Aerospace Industries (IAI) announced that 2007 sales totaled $3.3 billion compared to $2.8 billion in 2006, an 18 percent increase. $2.7 billion (82 percent) of these sales are for export. Net profit for 2007 was reported at $126 million compared to $130 million in 2006. IAI
Willis Lease Finance Corporation, a leading lessor of commercial jet engines, reported that strong demand for leased engines and high utilization of its growing engine portfolio contributed to 24% lease rent revenue growth and record earnings per share in 2007 on total revenues of $121.9 million, a 15% increase over the prior year. Willis Lease
Air China Limited, China’s national flag carrier, released its financial results for the twelve months ended December 31, 2007. In fiscal year 2007, according to International Financial Reporting Standards (”IFRS”), the Company’s operating revenue increased by 14.2% to RMB51.33 billion from RMB44.94 billion in 2006. This increase was primarily attributed to the continued solid growth
Three years to the day since the announced integration of SWISS in the Lufthansa Aviation Group, the former majority shareholders of the Swiss carrier will shortly be receiving the payout for their out-performance option from the German airline. In exchange for their onetime SWISS shares, they will be paid a total of about 269 million
FedEx Corp. reported for the third quarter revenues of $9.44 billion, up 10% from $8.59 billion the previous year, operating income of $641 million, unchanged from a year ago, operating margin of 6.8%, down from 7.5% the previous year and net income of $393 million, down 6% from last year
Spirit AeroSystems reported the completion of an amendment to its existing credit agreements to increase the Company’s $400 million revolving credit facility to $650 million. The transaction enhances the company’s financial flexibility as it continues to invest in product development and win new business across the aerospace industry. The maturity date and interest cost of
River Hawk Aviation released that it has completed an agreement to acquire Carolina Air Charter, Inc. of Charlotte, NC. Carolina Air Charter was established in 1989 to provide quality direct air charter services to meet the special demands of corporate travel. In 2008, Carolina Air Charter is expected to produce in excess of $2,000,000 in
AAR reported fiscal 2008 third quarter net sales of $376.6 million and income from continuing operations of $20.3 million. Sales grew a robust 39% from $271.0 million in the same period last year, and income from continuing operations increased 31% from $15.5 million in the third quarter of the prior year. Organic sales growth was
Alaska Air Group released that its board of directors approved a stock repurchase program authorizing the company to purchase up to $50 million of its common stock. The new program follows the completion on Feb. 29, 2008, of a program to repurchase $100 million of the company’s outstanding stock. Under the program just completed, the
Embraer recorded fourth quarter 2007 net sales of $1,875.0 million and net sales for FY 2007 of $5,245.2 million. Net Income for 4Q07 and for the full year totaled $200.9 million and $489.3 million. Net revenues for 4Q07 totaled $1,875.0 million, a 77.0% increase compared to $1,059.6 million for the fourth quarter of 2006 (4Q06).
