Financial

Rockwell Collins announced its intent to acquire Athena Technologies, Inc., a privately held company that develops and provides flight control and navigation solutions primarily to the Unmanned Aerial Vehicle (UAV) market segment. Terms of the agreement were not disclosed. The transaction is expected to be completed in about 30 days and is subject to regulatory […]

Goodrich Corporation announced that it has signed an agreement to acquire TEAC Aerospace Holdings, Inc. (TEAC), a leading provider of proprietary airborne mission data, video recording and debrief products for the defense industry, and cabin video systems for commercial airlines. The transaction is subject to customary closing conditions and regulatory approvals. Terms of the acquisition

HEICO Corporation reported that net income increased 27% to $10,086,000 for the first quarter of fiscal 2008 from $7,921,000 for the first quarter of fiscal 2007. Operating income increased 36% to $23,230,000 for the first quarter of fiscal 2008 from $17,140,000 for the first quarter of fiscal 2007. Net sales increased 18% to $134,287,000 for

Iberia closed 2007 with net earnings of 327.6 million euros, making it one of the best years in company history. Pre-tax profits came to 446.4 million euros, 170.3% above those of 2006. This performance gave the Spanish airline its twelfth consecutive profitable year. Iberia posted 2007 operating earnings of 283.5 million euros, up by 161.6

The Lufthansa Group’s revenue totalled Euro 22.4 billion (previous year: Euro 19.8 billion) at the end of the financial year 2007 according to preliminary figures. The operating result of EUR 1,378 million (previous year: Euro 845 million) exceeded the profit target. The positive business development and income from portfolio management also made their mark on

The Board of Directors of Goodrich Corporation approved an increase to the company’s existing Share Repurchase Plan to authorize the repurchase of up to an additional $300 million of the company’s common stock, bringing the total authorization to $600 million. Since the initial $300 million authorization was approved in October 2006, the company has repurchased

Pinnacle Airlines reported fourth quarter 2007 net income of $6.7 million excluding a potential one-time, non-cash charge that the Company is analyzing. The Company’s net income were $12.3 million for the fourth quarter of 2006, excluding nonrecurring items. The 2007 financial results reflect the contractual changes in the airline services agreement (the “ASA”) between the

Genesis Lease Limited announced its financial results for the fourth quarter and year ended December 31, 2007. For the quarter ended December 31, 2007, rental revenues were $54.9 million, compared to $41.6 million for the same period in 2006, an increase of 31.8%. Net income was $6.4 million, compared to $7.0 million for the same

Philippine Airlines incurred a loss of $11.3 million for October-to-December 2007, but still emerged with a profit of $11.5 million for the first nine months of its 2007-2008 fiscal year. The loss contrasted with net income of $79.5 million in the same period in 2006 The flag carrier earned $15.3 million in operating income in

Mesa Air Group reported first quarter after tax losses of $2.8 million from continuing operations on operating revenues of $326.6 million. Total operating revenues for the first quarter of 2008 decreased $6.9 million, or 2.1% primarily as a result of a year-over-year decrease in aircraft in service. The net loss of $2.8 million compares to