Hawker Pacific Loses $2.9 Million in 2nd Quarter
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Hawker Pacific Aerospace, Sun Valley, reported a loss of $2.9 million for its second quarter ended June 30, compared with $965,000 net income in the same period last year. Revenues increased slightly to $17.4 million, from $17.3 million.
The company blamed the loss primarily on relocation costs for the company’s United Kingdom subsidiary.
Hawker Pacific repairs and overhauls landing gear equipment for the airline industry.
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