In the maintenance, repair and overhaul (MRO) market for commercial aircraft the Lufthansa Technik Group reports a 6.7% rise in external revenues and pre-tax earnings of 287 million euros in 2007. This represents an increase of 18.6% over the previous year. The current Annual Report shows a total revenue of 3.6 billion euros for the
Vought Aircraft Industries, reported financial results for its fourth quarter and year ending Dec. 31, 2007. Revenue for the three months ended Dec. 31, 2007 was $394.9 million, a decrease of $22.7 million or 5%, compared with revenue of $417.6 million for the same period last year. Increased commercial and business jet revenue resulting from
At its meeting on 12 March 2008, the Supervisory Board of Austrian Airlines AG acknowledged the participation of the Saudi-Arabian Austrian businessman Sheikh Mohamed Bin Issa Al Jaber in Austrian Airlines AG by way of a capital increase with full subscription rights of the existing shareholders. At the annual shareholders
Deutsche Lufthansa AG posted record figures for profit and revenue in 2007 for the second year in a row. The Group profit after taxes was 1.7 billion euros; more than double of the previous year. Revenue during the last year increased by 13% to 22.4 billion euros. The operating profit also climbed to a new
Alcoa has acquired Republic Fastener Manufacturing Corporation (
EADS delivered a strong business performance in 2007 while experiencing significant challenges. The Group’s order intake, at record heights, doubled compared to the previous year and the EBIT reached break-even, as was indicated in EADS’ revised guidance. For 2008, the Group targets an EBIT of
Air France/KLM released that the board of Direktors met on March 10th and authorized the company to submit on March 14th, 2008 an offer for Alitalia subject to suspensive conditions including notably the commitment of the trade unions. The integration of Alitalia into the Air France/KLM group will reinforce its position as a European leader
At its annual Investor Day onMarch 6, 2008 British Airways releaseed market guidance for the financial year 2008/9. Revenue is forecast to increase by 4 – 4.5% to over
AAR has completed the acquisition of Avborne Heavy Maintenance, an independent provider of aircraft heavy maintenance checks, modifications and painting services located in Miami, Florida. The newly acquired business will operate as part of the Company’s Maintenance, Repair and Overhaul (MRO) segment as AAR Aircraft Services — Miami. The acquisition significantly increases the Company’s MRO
