AAR reports 2nd quarter net sales of $310.6 million

AAR reported fiscal 2008 second quarter net sales of $310.6 million and income from continuing operations of $17.9 million. Sales grew 27% from $244.3 million last year, and income from continuing operations increased 28% from $14.0 million in the prior year. For the six months ended November 30, 2007, net sales grew 27% to $616.6 million, and income from continuing operations increased 26% to $33.1 million.

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Boeing contracts in Quebec exceed $420 million

The Boeing Company has provided contracts worth more than $420 million to companies in Quebec. The announcement follows the Canadian government’s 2007 order for four C-17 Globemaster IIIs, the first two of which already are in service with Canadian Forces. As part of the C-17 acquisition contract, Boeing agreed to match the purchase price of the four aircraft with dollar-for-dollar investments back into the Canadian economy through a C-17 IB program coordinated by Industry Canada. Boeing already has identified more than 66 percent of its total C-17 IB program obligations. Boeing will identify the remaining 34 percent of IB obligations Read more

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Skyways Aviation arranges sale of two ATR 72 aircraft

Skyways Aviation has arranged the sale of two ATR 72 aircraft to Erik Thun AB of Sweden. Serial numbers 126 and 145 are currently operating with Aer Arann of Eire and Airlinair of France respectively and have been sold with long term leases attached. Erik Thun AB is a family owned Swedish shipping and aviation group founded in 1938. The company owns over 30 regional aircraft, 17 of which are operated by its regional airline subsidiary Golden Air.

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Spring Airlines signs 15-year OnPoint solution agreement

Chinese low-cost carrier Spring Airlines has signed a 15-year OnPointSM solution agreement with GE Aviation’s Services business for the maintenance and overhaul of the CFM56-5B engines that power the airlines fleet of Airbus A320 aircraft. The agreement, which covers the engines powering the airline’s recently announced fleet of 10 purchased A320 as well as 20 leased aircraft, is valued at more than $200 million of the life of the contract.

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Goodrich Corporation completes acquisition of Skyline Industries

Goodrich Corporation completed the acquisition of Skyline Industries, a leading manufacturer of lightweight crashworthy military helicopter seats and helicopter floor armor. Terms of the acquisition were not disclosed. Skyline employs around 40 people at its Fort Worth, Texas facility. Major customers include the U.S. Department of Defense, Eurocopter, Bell Helicopter and Boeing. The company began operations in 1960, and in 2007 generated approximately $7 million in revenue.

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