Financial

Aircell, a leading provider of airborne communications, reported the completion of the third tranche of a package of equity and debt financing now totaling $265 million. The latest step is the closing of a $35 million senior secured term loan facility arranged by Scotia Capital, Goldman Sachs and Credit Suisse, which rounds out the prior […]

ExelTech Aerospace released its financial results for the fiscal year ended March 31, 2008, posting a net loss of $1.8 million. The Company reported revenues of $54.4 million for fiscal 2008 compared to $49.8 million in fiscal 2007, a 9% increase. It also reported an operating profit (earnings before amortization and financial expenses) of $0.5

Pratt & Whitney

United Airlines reported its preliminary traffic results for May 2008. The company reported a May passenger load factor of 82.6%, down 2.0 pts compared to May 2007, traffic decreased in May by 4.1% on a capacity decrease of 1.7%.

HEICO Corporation reported that net income increased 27% to $11,948,000 for the second quarter of fiscal 2008 from $9,407,000 for the second quarter of fiscal 2007. For the first six months of fiscal 2008, net income increased 27% to a record $22,034,000 from $17,328,000 in the first six months of fiscal 2007. Operating income increased

Iberia released that net earnings by the Iberia Group climbed to 327.6 million euros from the 56.7 million euros posted in 2006, far exceeding the targets set in the 2006-2008 Strategic Plan, and enabling the company to pay its shareholders a dividend of 17 eurocents per share. Operating earnings in 2007 reached 283.5 million euros,

HEICO Corporation has entered into an amended, senior unsecured revolving credit facility with a banking syndicate led by SunTrust Robinson Humphrey, Inc. and J.P. Morgan Securities, Inc. The amendment increases the revolving credit commitment amount from $130 million to $300 million, which may be increased to $500 million under certain circumstances. The borrowings under the

In Q1 2008 Israel Aerospace Industries (IAI) recorded a net profit of $40 million (after a provision of $13 million for employee retirement), compared with $44 million in Q1 2007, a 9.1% drop. The Company’s sales in Q1 2008 totaled $1,014 million, compared with $800 million in the corresponding period of last year, a 28%

Air France-KLM reported operating income of 1.41 billion euros up 13.3%, income from operating activities rose 3.2% to 1.27 billion euros (versus 1.23 billion euros a year earlier). Excluding exceptional items (cargo provision and proceeds from Amadeus), it would have increased by 23.0%. Pre-tax income of fully integrated companies amounted to 1.15 billion euros. After

XOJET announced financing agreements for up to $2.46 billion to fund its North American operations and global expansion strategy. XOJET also announced the proposed launch of a separate joint venture with investment company Tasameem Real Estate Company, LLC (Tasameem) to be headquartered in the United Arab Emirates