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
BAE Systems signed a definitive agreement to sell its Flight Systems business, located in Mojave, California, to Calspan Corporation. The cash purchase price is $62.5 million plus an additional consideration to be paid pursuant to an earn-out mechanism by reference to the revenues of the business over the next five years. The transaction is subject
Rockwell Collins announced its intent to acquire Athena Technologies, Inc., a privately held company that develops and provides flight control and navigation solutions primarily to the Unmanned Aerial Vehicle (UAV) market segment. Terms of the agreement were not disclosed. The transaction is expected to be completed in about 30 days and is subject to regulatory
Goodrich Corporation announced that it has signed an agreement to acquire TEAC Aerospace Holdings, Inc. (TEAC), a leading provider of proprietary airborne mission data, video recording and debrief products for the defense industry, and cabin video systems for commercial airlines. The transaction is subject to customary closing conditions and regulatory approvals. Terms of the acquisition
HEICO Corporation reported that net income increased 27% to $10,086,000 for the first quarter of fiscal 2008 from $7,921,000 for the first quarter of fiscal 2007. Operating income increased 36% to $23,230,000 for the first quarter of fiscal 2008 from $17,140,000 for the first quarter of fiscal 2007. Net sales increased 18% to $134,287,000 for
