Good week

CPI AERO The aerostructures maker racked up a record first half, with sales rising 12% to $23.6 million and pre-tax profit soaring 41% to $3.1 million. Chief executive Ed Fred reaffirmed full-year sales forecasts of $48-$51 million this year and $78-81 million in 2011, when key projects including the Fairchild A-10 (pictured), Northrop Grumman E-2D and Gulfstream G650 will be in "full-scale production and producing consistent significant revenue".


Bad week

 © ExpressJet
EXPRESSJET BOARD No sooner had the ink dried on Skywest's $133 million ExpressJet acquisition deal than New York class action lawyers Bull & Lifshitz piled in to investigate whether ExpressJet directors breached their fiduciary duties to shareholders by agreeing to sell the airline for $6.75 per share. The firm claims "extensive experience prosecuting securities fraud and consumer class actionson a contingency and hourly fee basis".



Source: Flight International