Financial

WestJet announced third quarter net earnings of $54.7 million that compared to $76.1 million reported in the third quarter of 2007, representing a 28.1% decrease. Year to date, 2008 net earnings were $137.4 million, a 16.9% increase from the $117.5 million earned in the same nine months of 2007.

Vought reported that operating income for the third quarter was $30.3 million, an increase of $16.0 million over last year. The improved operating income includes higher military program margins of $28.5 million resulting from the absence of losses on H-60 recorded during 2007 and a $14.3 million decrease in 787 period expenses. These improvements were

International investment and specialised fund and asset management group Babcock & Brown has agreed to sell its rights to manage Babcock & Brown Capital under the Management Agreement between Babcock & Brown and BCM, subject to BCM shareholder approval. Pursuant to the agreement Babcock & Brown will also support the Board of BCM in conducting

Air Canada reported operating income of $112 million for the third quarter of 2008 compared to a record operating income of $351 million in the third quarter of 2007. Fuel expense increased $348 million in the third quarter to $1.1 billion due to record high fuel prices, a 49% cent increase from the third quarter

For the quarter ended September 30, 2008, AAWW earned $10.1 million prior to income taxes, on revenues of $460.7 million. Net income totaled $5.2 million.

The Boeing Company has completed its acquisition of Tapestry Solutions, a San Diego-based company specializing in services and software systems that improve the tracking and distribution of equipment, spare parts and personnel for the U.S. Department of Defense and other government and non-government agencies. Tapestry will operate within Boeing Integrated Defense Systems’ Global Services &

Air Wisconsin Airlines has agreed to provide a $35 million loan to US Airways. The loan has an initial term of twelve months with optional monthly extensions totaling an additional twelve months, provided certain conditions are met. The loan agreement is part of the comprehensive liquidity program US Airways announced on Oct. 23, through which

Linear Air, the personal jet air taxi service provider in the Northeast, announced the close of $1.3 million in financing which includes new capital and debt. With the new financing, Linear Air is poised to launch its aircraft management program designed to assist those who have very light jet aircraft in the Northeast and Mid-Atlantic

Pinnacle Airlines Corp. reported third quarter 2008 net income of $7.7 million. The Company reported net income and EPS of $10.9 million and $0.48, respectively, for the third quarter of 2007. The Company reported consolidated operating income of $20.0 million during the third quarter of 2008, an increase of 33% over the third quarter of