Financial

Iridium reports fourth quarter and full year 2009 results

Communications reported financial results for the period ended December 31, 2009. Net loss for the fourth quarter was $4.7 million compared with net income of $1.5 million for the fourth quarter of 2008, in part reflecting $17.0 million of expenses related to purchase price accounting adjustments, net of tax, relating to the GHL Acquisition Corp.

Iridium reports fourth quarter and full year 2009 results Read More »

SAS ordered to pay Norwegian close to NOK 175 million for industrial espionage

SAS released that the Court of Appeal (Lagmansretten) Oslo ruled on 16 March 2010 that SAS Group shall pay damages totaling NOK 160 Million plus legal costs. In total, the amount adds up to just under NOK 175 million (approx 22 million EUR). For SAS, this will have a negative effect on results and liquidity

SAS ordered to pay Norwegian close to NOK 175 million for industrial espionage Read More »

EADS reports 2009 net loss of EUR -763 million

EADS reported that 2009 revenues stood at EUR 42.8 billion (FY 2008: EUR 43.3 billion), supported by record commercial aircraft deliveries at Airbus (498 units compared to 483 in 2008) but offset by lower revenue recognition in the A400M programme, price deterioration on commercial aircraft deliveries and negative foreign exchange impacts. In addition, revenues at

EADS reports 2009 net loss of EUR -763 million Read More »

Willis Lease Finance reports 2009 net income of $22.4 million

Willis Lease Finance Corporation reported strong revenues, net income and earnings per share in 2009, reflecting continued growth in its lease portfolio, higher maintenance reserve revenues and lower borrowing costs. For the full year, net income available to common shareholders totaled $19.2 million compared to the record results posted in 2008 of $23.5 million which

Willis Lease Finance reports 2009 net income of $22.4 million Read More »