ABX Air and All Nippon Airways have signed a new ACMI Agreement that extends their landmark relationship through mid-January 2010. Under the new agreement, ABX Air will continue to support ANA’s cargo operations throughout the Asian market, including Japan, China and Thailand, via two ABX Air 767-200 aircraft and ABX Air flight crews and maintenance
Woodward Governor Company reported financial results for its first quarter of fiscal 2008. Net sales for the quarter were $272.1 million, up 20% from $226.2 million for the first quarter of the prior year. Net earnings for the quarter were $25.3 million compared with $17.9 million in the previous year’s first quarter.
Deutsche Lufthansa AG and JetBlue Airways Corporation completed their stock purchase agreement transaction in which Lufthansa now holds a 19% stake in JetBlue. With the conclusion of the financial transaction, Lufthansa and JetBlue will begin exploring innovative commercial arrangements designed to benefit both airlines and their customers.
UAL Corporation reported pre-tax income of $695 million for 2007, the highest since 1999. Pre-tax income excluding special items and severance was $606 million, $665 million higher than 2006. The company generated net income of $403 million in 2007, the first full-year profit since 2000, excluding reorganization items. Excluding special and reorganization items and severance,
GE Aviation and CFM International, GE
AAR reported fiscal 2008 second quarter net sales of $310.6 million and income from continuing operations of $17.9 million. Sales grew 27% from $244.3 million last year, and income from continuing operations increased 28% from $14.0 million in the prior year. For the six months ended November 30, 2007, net sales grew 27% to $616.6
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
Southwest Airlines’ Board of Directors authorized a new share repurchase program to acquire up to $500 million of the Company’s common stock. Based on yesterday’s close price of $12.08, this represents approximately 41 million shares of common stock.
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
ACE Aviation Holdings has accepted an offer to sell a total of 13,000,000 units of Jazz Air Income Fund on an exempt trade basis to certain funds and accounts managed by West Face Capital Inc. and to Sunrise Partners Limited Partnership at a price of $7.45 per unit representing total net proceeds to ACE of
