Earnings shortfall causes Pemco Aviation to default on debt (bizjournals.com via Yahoo! Finance)

Defaulting on a major portion of its debt due to insufficient earnings, Pemco Aviation Group Inc. reported Wednesday that second-quarter net income totaled $445,000, or 10 cents per diluted share, compared with a net loss of $368,000, or 9 cents per diluted share, in the same period last year.

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Posted August 16, 2006

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