The surprising losses by its Bedek Aviation subsidiary in 2004 have thrown Israel Aircraft Industries (IAI) management into shock. Bedek Aviation chalked up losses of $35 million last year, while its U.S. subsidiary, Empire Aero Center, made a further loss of $7 million.
Posted April 03, 2005
More Aviation News:« Prior Article: Ted takes off from Midway (Miami Herald)
Aviation News Home: Aviation News and Commentary
Next Article: Virgin ponders second Australian airline (The Age)»
