Turbine Aviation Inc (PK:TURA)
Business Focus: Aerospace & Defense
| Sector: Industrials | Industry: Aerospace & Defense |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 304 Via Del Norte OCEANSIDE CA 92058 |
| Tel: | N/A |
| Website: | https://turbineaviation.com |
| IR: | See website |
| Key People | ||
| Gary T. Stroud Chief Executive Officer, President, Secretary, Director | Michael Arnkvarn Director - Operations, Director | |
| Business Overview |
| Turbine Aviation, Inc., formerly Global General Technologies, Inc. is engaged in providing financing for locating, purchasing and servicing refurbished aircraft engines. The Company refurbishes these engines at a partnering maintenance, repair and overhaul (MRO) facility, and then utilizes a leasing company to lease the refurbished engines to the commercial air carriers across the world. The Company operates key businesses to capture outsourcing business, providing both maintenance and engine types. The Company is in partnership with a commercial aircraft engine maintenance facility and a leasing company, and acquires and deploys aviation assets. The Company's aircraft engine maintenance facility locates, purchases and refurbishes aircraft engines at its repair facility. |
| Financial Overview |
| For the nine months ended 30 September 2009, Turbine Aviation Inc revenues increased from $0K to $179K. Net income totaled $34K vs. loss of $207K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Interest expense from convertible notes decrease from $7K (expense) to $0K. Basic Earnings per Share excluding Extraordinary Items increased from -$22.83 to $0.52. |
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