Financial

TES Aviation Group announces an increase in the Company’s share capital by DVB Bank SE as part of an ongoing programme to increase funding facilities of the business for the acquisition of aircraft and engines. Bob James, Managing Director and CEO (Joint) said “We are delighted to see the continued DVB financial commitment to the […]

After receiving a second proposal by Ryanair, Aer Lingus released the following statement: The Board of Aer Lingus Group plc (“Aer Lingus”) has considered the announcement by Ryanair Holdings plc (“Ryanair”) of its intention to make another unsolicited offer for the whole of the issued and to be issued ordinary share capital of Aer Lingus

In the third quarter of 2008, Air Berlin increased its operating income by 57% over the corresponding quarter of the previous year. Net profit increased by 43.2%. This was the first quarter ever, in which turnover exceeded EUR 1 billion.

ExpressJet Holdings announced that its Board of Directors has authorized an additional $10 million for the previously announced securities repurchase program. The company expects any purchases of the notes or the stock to be made from time to time in the open market or in privately negotiated transactions. The timing of any repurchases under the

ExelTech Aerospace reported its financial results for the second quarter ended September 30, 2008. All amounts are in Canadian dollars unless otherwise indicated. The Company

Qantas said it would further cut capacity as the global financial crisis continued to affect passenger demand. The Chief Executive Officer of Qantas, Mr Geoff Dixon, said that in addition to capacity cuts announced earlier this year, Qantas would reduce capacity equivalent to grounding 10 aircraft. “By taking this action now we will have the

Albuquerque manufacturer Eclipse Aviation filed for bankruptcy protection on November 25th. The manufacturer of the Very Light Eclipse 500 jet filed for Chapter 11 protection in U.S. Bankruptcy Court in Delaware.

Philippine Airlines reported a total comprehensive loss of $113.8 million for the first six months (April to September) of its current fiscal year

Rockwell Collins has completed its acquisition of SEOS, a leading global supplier of highly realistic visual display solutions for commercial and military full flight simulators. Terms of the agreement were not disclosed. SEOS will operate under the Rockwell Collins name and will become part of the Simulation and Training Solutions organization. The acquisition is projected

Woodward Governor Company reported financial results for its fourth quarter and fiscal year 2008. Net sales for the quarter were $350.5 million, up 21% from $290.8 million for the fourth quarter of last year. Net earnings for the quarter were $34.4 million compared with $36.0 million in last year’s fourth quarter. Last year’s fourth quarter