Financial

Woodward completes MPC acquisition

Woodward Governor Company completed the acquisition of MPC Products Corporation. Woodward announced the signing of a definitive stock purchase agreement on August 19, 2008. MPC is an industry leader in the manufacture of high-performance electromechanical motion control systems primarily for aerospace applications. The main product lines include high performance electric motors and sensors, analog and

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UAL Corporation to boost liquidity by $275 million

UAL Corporation reported financing transactions that will add approximately $275 million of cash prior to year end. The company has completed a $125 million aircraft financing agreement, receiving approximately $60 million on September 30th, and will receive the remaining approximately $65 million by mid October. United has also executed agreements and agreements in principle (subject

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Frontier Airlines files monthly operating report for August 2008

Frontier Airlines its monthly operating report for August 2008. Frontier reported an operating profit of $3.3 million and a consolidated net loss of $5.6 million. Frontier’s results included the following items: $6.5 million in reorganization items, which included a $4.7 million loss on a sale-leaseback transaction and $1.8 million in professional fees, a mark-to-market non-cash

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Delta, Northwest stockholders approve merger

Delta Air Lines and Northwest Airlines announced that their respective stockholders have overwhelmingly approved the pending merger between the two companies. Delta stockholders approved the issuance of 1.25 shares of Delta common stock for each outstanding share of Northwest stock to be distributed upon closing of the merger, expected later this year. The proposal was

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