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Financial

GE reports record fourth-quarter and full-year results for 2007

GE reported fourth-quarter 2007 earnings from continuing operations of $6.8 billion up 15% and 17%, respectively, from fourth-quarter 2006. Fourth-quarter revenues from continuing operations were $48.6 billion, up 18%, increasing 10% organically. Full-year 2007 earnings from continuing operations were $22.5 billion up 16% and 18%, respectively, from 2006. Full-year 2007 revenues from continuing operations were

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Continental Airlines reports full year 2007 pre-tax income of $566 million

Continental Airlines reported 2007 pre-tax income (net income before income taxes and cumulative effect of change in accounting principle) of $566 million, up 53 % over 2006 pre-tax income of $369 million. Excluding $24 million of previously announced pre-tax special items, Continental’s pre-tax income for the full year was $542 million, a 78 % improvement

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SAFRAN reports 2007 consolidated sales

Safran reported 2007 consolidated sales of 12 billion euros, up 5.9% over 2006. At December 31, 2007, net debt stood at 160 million euros, a sharp reduction over the year-end 2006 figure of 419 million euros.

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Mesa Air Group reports fourth quarter 2007 net loss of $68 million

Mesa Air Group reported fourth quarter losses from continuing operations of $62.2 million on gross operating revenues of $327.8 million. This compares to earnings from continuing operations of $5.8 million in the fourth quarter of 2006 on gross operating revenues of $348.8 million. Net loss for the quarter was $68.2 million versus $4.8 million net

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Eclipse Aviation secures long-term financing

Eclipse Aviation, manufacturer of the world’s first very light jet (VLJ), will expand its partnership with European Technology and Investment Research Center (ETIRC) Aviation. The agreement between the two companies includes an equity investment by ETIRC in Eclipse that is substantially in excess of $100 million. The agreement also provides for significant additional financial benefits

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