Spirit AeroSystems Holdings reports 6% increase in revenues during 3rd Quarter

– Third quarter 2008 revenues grew 6 percent to $1.027 billion – Operating Income grew 4 percent to $111 million – Fully Diluted Earnings Per Share were $0.53 – Cash and Cash Equivalents were $178 million – Total backlog increased 35 percent to approximately $31.8 billion Spirit AeroSystems Holdings reported third quarter 2008 financial results reflecting revenue growth and solid double-digit operating margins while winning new business and responding to a labor strike at its largest customer. Spirit’s third quarter 2008 revenues increased to $1.027 billion, up 6 percent from the same period last year. Operating income increased 4 percent Read more

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Kaman reports 2008 3rd Quarter sales increased 22%

For the third quarter of 2008, the company reported net earnings from continuing operations of $13.5 million, or $0.53 per share diluted, compared to net earnings from continuing operations of $9.4 million, or $0.38 per share diluted, in the third quarter of 2007. The company’s results for the third quarter of 2008 include a pre-tax loss of $1.6 million related to the cancellation of an ineffective currency-hedging contract at the company’s Aerostructures Brookhouse Holdings, Limited subsidiary (this charge is not included in the segment’s operating results). The results for the third quarter of 2007 included pretax charges of $0.8 million Read more

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Boeing projects China as world's fastest-growing aviationmarket

Boeing forecass a market for 3,710 new airplanes worth about $390 billion over the next 20 years. “China will continue to be the fastest-growing aviation center in the world, requiring 41 percent of the entire Asia-Pacific region airplane demand. This makes China the largest market outside of the U.S. for new commercial airplanes,” said Randy Tinseth, Boeing Commercial Airplanes vice president – Marketing. China air travel and air cargo market growth will cause China’s fleet to more than triple to 4,560 airplanes by 2027 — about as many airplanes as are in Europe today. Single-aisle airplanes will account for 70 Read more

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Spirit AeroSystems shows increase in 3rd quarter revenue growth

Spirit AeroSystems reported third quarter 2008 financial results reflecting revenue growth and solid double-digit operating margins while winning new business and responding to a labor strike at its largest customer. Spirit’s third quarter 2008 revenues increased to $1.027 billion, up 6 percent from the same period last year. Operating income increased 4 percent to $111 million, up from $107 million in the same period a year ago as revenues increased and lower period expenses were realized. Net income was $74 million, or $0.53 per fully diluted share, compared to $84 million, or $0.60 per fully diluted share, in the same Read more

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DFW International Airport enters cooperation with Shanghai Airport Authority

Relationship Gives World’s Third Busiest Airport Strong Presence in China; DFW and Shanghai Trade Expertise from Air Service to Environment. Hailing the new relationship as a milestone in Texas-China trade and tourism relations, leaders of Dallas-Fort Worth (DFW) International Airport and the Shanghai Airport Authority (SAA) signed an historic Memorandum of Understanding establishing DFW-SAA as Friendship Airports aimed at bringing these two global giants in aviation closer together. The relationship, formalized at SAA’s headquarters, empowers the airports to work closely together on a variety of key business and operational projects — from promoting direct air links between DFW and SAA Read more

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Anoto digital pen and paper technology helps British Airways to take-off on time

Anoto Group, the inventor of Anoto Digital Pen and Paper technology, announces British Airways’ innovative use of Anoto’s Digital Pen and Paper technology that is helping British Airways to keep to its flight schedule at London’s Heathrow airport. Anoto’s digital pens enable aircraft dispatchers to communicate mission critical information securely from airside directly to the control center, ultimately allowing the plane to take off on time. Lynda Findlay, senior co-ordinator, planning and control, at British Airways commented: “The digital pens and the new system have modernized the way we do things and brought us one step closer to a harmonized Read more

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Hawaiian Holdings reports 3rd quarter increase in operating income

Hawaiian Holdings reported consolidated net income for the three months ended September 30, 2008, of $6.0 million, or $0.12 per diluted share, on total operating revenue of $339.9 million. This compares to net income of $19.6 million, or $0.41 per diluted share, for the three months ended September 30, 2007. Operating income during the third quarter improved to $27.3 million, compared to $25.6 million a year ago, while higher non-operating expenses related to fuel hedge contracts and an increase in the Company’s tax provision reduced net income year-over-year. For the nine months ended September 30, 2008, the Company reported consolidated Read more

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Republic Airways reports an increase in operating revenues for the 3rd quarter

Republic Airways reported operating revenues of $385.2 million for the quarter ended September 30, 2008, a 16.7% increase, compared to $330.1 million for the same period last year. The Company reported net income of $17.0 million compared to $20.2 million reported in the prior year

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