Wednesday, 26 March 2008

March a Contract-Happy Month for AeroMechanical

AeroMechanical Services Ltd., (TSX:V- AMA)
Shares outstanding: 82.1 million

An airline that previously ordered AeroMechanical's full technology package for two of its aircraft just signed a contract to add another nine planes. The first contract with the unidentified North American airline was announced in the middle of last month.
This second contract for the greater number of aircraft was announced March 26th.
AeroMechanical said in its latest press release that the airline may also order more blue boxes (AFIRs) as it increases the size of its fleet.
To view the full press release, please click here.