Financial

The Supervisory Board of

The Supervisory Board of Deutsche Lufthansa AG approved a bid to purchase up to 100% of the shares in Austrian Airlines. Lufthansa will initially acquire the 41.56% share in Austrian Airlines AG held by

Bombardier reported solid financial results for the third quarter ended October 31, 2008. Revenues increased by 8% to reach $4.6 billion. Earnings before financing income, financing expense and income taxes (EBIT) grew by $114 million to $315 million, compared to an EBIT of $201 million last fiscal year ($269 million before an excess-over-average production cost

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.