Airlines

Philippine Airlines Inc. (PAL) Reaches Agreement with Key Stakeholders to Successfully Navigate the COVID-19 Pandemic and Position the Company for Long-Term Growth and Profitability

Retrieved on: 
Samstag, September 4, 2021
Transportation, Air, Transport, Travel, Aviation, Airlines, Human activities, Association of Asia Pacific Airlines, Philippine Airlines, PAL Express, Airline, PAL Airlines, US Airways, Chapter 11, Title 11, United States Code, Ninoy Aquino International Airport

PAL will also complete a parallel filing for recognition in the Philippines under the Financial Insolvency and Rehabilitation (FRIA) Act of 2010.

Key Points: 
  • PAL will also complete a parallel filing for recognition in the Philippines under the Financial Insolvency and Rehabilitation (FRIA) Act of 2010.
  • Ongoing suppliers and trade creditors will be paid in the ordinary course for goods and services delivered throughout this process.
  • Additional resources for customers and other stakeholders, and other information on PALs filings, can be accessed by visiting the Companys restructuring website at www.PALrecovery.com .
  • Philippine Airlines, Inc. (PAL) is the flag carrier of the Philippines and the countrys only full-service network airline.

MGP Ingredients Declares $0.12 Quarterly Dividend

Retrieved on: 
Mittwoch, August 4, 2021
Dearborn County, Indiana, MGP of Indiana, Dividend, US Airways, Airlines, Aviation

The dividend is payable on September 3, 2021 to stockholders of record as of August 20, 2021.

Key Points: 
  • The dividend is payable on September 3, 2021 to stockholders of record as of August 20, 2021.
  • MGP Ingredients, Inc. (Nasdaq: MGPI) is a leading producer of premium distilled spirits, branded spirits, and food ingredient solutions.
  • Since 1941, we have combined our expertise and energy aimed at formulating excellence, bringing product ideas to life collaboratively with our customers.
  • Risk Factors of our Annual Report on Form 10-K for the year ended December 31, 2020 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021.

CDB Aviation Executes $660 Million Portfolio Financing Backed by 13 Airbus and Boeing Aircraft

Retrieved on: 
Mittwoch, August 4, 2021
Air, Aerospace, Transport, Manufacturing, Transportation, Travel, Public Transport, Companies, Airlines, Transport, Airbus, Boeing, Competition between Airbus and Boeing, CDB, China Airlines, BOC Aviation, GE Capital Aviation Services

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced today the company has entered into a facility agreement for the secured portfolio of thirteen Airbus and Boeing aircraft, valued at approximately US$660 million.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced today the company has entered into a facility agreement for the secured portfolio of thirteen Airbus and Boeing aircraft, valued at approximately US$660 million.
  • The first large-sized portfolio financing executed by the lessor since the onset of the COVID-19 pandemic is secured with a combination of Airbus A320-200 and A350-900 as well as Boeing 737 MAX 8 and 787-9 Dreamliner aircraft.
  • Crdit Agricole Corporate and Investment Bank acted as Facility Agent and Security Trustee, and Natixis and MUFG Bank Ltd. jointly coordinated the transaction.
  • CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing) a 36-year-old Chinese leasing company that is backed mainly by the China Development Bank.

New Frontier Health Corporation Enters into Definitive Merger Agreement for Going Private Transaction

Retrieved on: 
Mittwoch, August 4, 2021
Managed Care, Hospitals, General Health, Health, Corporate finance, New York Stock Exchange, Mergers and acquisitions, US Airways, Airlines, Economy, Aviation

The Board, acting upon the unanimous recommendation of a special committee of independent directors established by the Board (the Special Committee), approved the Merger Agreement, the Merger and other transactions contemplated under the Merger Agreement, and resolved to recommend the Companys shareholders vote to authorize and approve the Merger Agreement and the Merger.

Key Points: 
  • The Board, acting upon the unanimous recommendation of a special committee of independent directors established by the Board (the Special Committee), approved the Merger Agreement, the Merger and other transactions contemplated under the Merger Agreement, and resolved to recommend the Companys shareholders vote to authorize and approve the Merger Agreement and the Merger.
  • The Special Committee negotiated the terms of the Merger Agreement with the assistance of its financial and legal advisors.
  • The Company will furnish to the U.S. Securities and Exchange Commission (the SEC) a current report on Form 6-K regarding the Merger, which will include as an exhibit thereto the Merger Agreement.
  • New Frontier Health Corporation (NYSE: NFH) is the operator of United Family Healthcare (UFH), a leading private healthcare provider offering comprehensive premium healthcare services in China through a network of private hospitals and affiliated ambulatory clinics.

Pan Am Announces Acquisition Of A B757-200 Full Flight Simulator And A 757 Flight Training Device

Retrieved on: 
Mittwoch, August 4, 2021
Aviation, Pan Am, Pan Am International Flight Academy, Airlines, BAA Training

MIAMI, Aug. 4, 2021 /PRNewswire/ -- Pan Am Flight Academy announced the acquisition of a Boeing 757-200, Full- Flight simulator.

Key Points: 
  • MIAMI, Aug. 4, 2021 /PRNewswire/ -- Pan Am Flight Academy announced the acquisition of a Boeing 757-200, Full- Flight simulator.
  • "The addition of this simulator and Flight Training Device is a continuation of our strategic investment plan in response to the rise in training demand taking place in our industry," said Jeff Portanova, President of Pan Am Flight Academy.
  • Pan Am Flight Academy partners with airlines and aviation professionals at a global level to deliver the best quality in aviation training.
  • As the only surviving division of original Pan American World Airways, Pan Am Flight Academy can trace its instruction heritage to the earliest days of airline flight training.

Touchdown! United Airlines Adds 74 Flights for College and Professional Football Games This Fall

Retrieved on: 
Mittwoch, August 4, 2021
Aviation, Civil aviation, Direct flight, US Airways, Airlines

To meet an expected increase in demand for fans to travel to watch their favorite teams in person this season, United is adding 74 flights, including 52 new direct flights between college towns and professional football markets on gameday weekends this September through November.

Key Points: 
  • To meet an expected increase in demand for fans to travel to watch their favorite teams in person this season, United is adding 74 flights, including 52 new direct flights between college towns and professional football markets on gameday weekends this September through November.
  • The airline will operate three times more direct flights to college towns this year than it did in 2019.
  • "This upcoming season, United is adding even more direct flights to college and professional football games than we've ever added before so our customers can reunite with the teams, tailgates and touchdowns they may have missed last season."
  • United is adding 58 new flights to help some of the most loyal fans in college sports cheer on their teams including adding 44 point to point flights for 21 of their biggest away games.

TRANSLATE BIO ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of TBIO and Encourages Investors to Contact the Firm

Retrieved on: 
Dienstag, August 3, 2021
Companies, CAC 40, Sanofi, US Airways, Mergers and acquisitions, Economy, Airlines

On August 3, 2021, Translate Bio announced that it had entered into an agreement to merge with Sanofi in a deal valued at approximately $3.2 billion.

Key Points: 
  • On August 3, 2021, Translate Bio announced that it had entered into an agreement to merge with Sanofi in a deal valued at approximately $3.2 billion.
  • Pursuant to the merger agreement, Translate Bio stockholders will receive $38 in cash for each share of Translate Bio common stock owned.
  • Bragar Eagel & Squire is concerned that Translate Bios board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Translate Bios stockholders.

Braniff Airways Announces Appointment of Perpetual Licensing as Official Licensing Agency

Retrieved on: 
Dienstag, August 3, 2021
Marketing, Retail, Communications, Transportation, Specialty, Travel, Braniff, Aviation, Airlines, Braniff International Airways

Dallas-based Braniff Airways, Inc., dba Braniff International, announces that it has appointed Perpetual Licensing to manage all licensing efforts relating to Braniffs intellectual property, according to Braniff Airways Chairman Richard Ben Cass.

Key Points: 
  • Dallas-based Braniff Airways, Inc., dba Braniff International, announces that it has appointed Perpetual Licensing to manage all licensing efforts relating to Braniffs intellectual property, according to Braniff Airways Chairman Richard Ben Cass.
  • Braniff and Perpetual will celebrate the brands illustrious history and introduce Braniff to a new generation of travel enthusiasts through a curated line of consumer products, services and experiences.
  • Founded in 2004, Perpetual Licensing is a strategic marketing agency that connects brand owners and manufacturers to create branded products for the retail marketplace.
  • Braniff Airways supports Braniff Airways Foundation, which is the official repository for Braniff's historical corporate and employee records, photographs and negatives and memorabilia.

Aviation Capital Group Announces Delivery of One A321neo to S7 Airlines

Retrieved on: 
Dienstag, August 3, 2021
Professional services, Air, Transport, Finance, Aviation, Airlines, Oneworld, S7 Airlines, Airbus A321, Aircraft, Airbus A320neo family, Bamboo Airways

Aviation Capital Group LLC (ACG) announced the delivery of one new Airbus A321neo aircraft on long-term lease to S7 Airlines.

Key Points: 
  • Aviation Capital Group LLC (ACG) announced the delivery of one new Airbus A321neo aircraft on long-term lease to S7 Airlines.
  • This aircraft is also the first A321neo ACF (Airbus Cabin Flex) delivered to S7 Airlines.
  • View the full release here: https://www.businesswire.com/news/home/20210803005898/en/
    Aviation Capital Group Announces Delivery of One A321neo to S7 Airlines (Photo: Business Wire)
    The ACG team is very proud to deliver the first A321neo ACF to S7 Airlines, said Tom Baker, CEO and president of ACG.
  • ACG is an important strategic partner for S7 Airlines, said Vadim Klebanov, CEO of S7 Airlines.

JetBlue Strengthens Commitment as New York’s Hometown Airline® With Intention to Keep Headquarters in New York City, Advance World-Class Terminal Project at JFK

Retrieved on: 
Dienstag, August 3, 2021
Public policy, Government, State, Local, Air, Transport, Transportation, Destinations, Travel, Airlines, Aviation, JetBlue, John F. Kennedy International Airport, US Airways, Fort Lauderdale–Hollywood International Airport, Orlando International Airport

Thousands of new jobs connected to JetBlues growing presence at JFK, paired with the company re-affirming its commitment to being NYCs hometown airline are great news.

Key Points: 
  • Thousands of new jobs connected to JetBlues growing presence at JFK, paired with the company re-affirming its commitment to being NYCs hometown airline are great news.
  • I am encouraged that having survived the worst of it, JetBlue is adding jobs, reinvesting, and recommitting to New York.
  • Im proud of New Yorks Hometown Airline for keeping their team in the greatest city in the world, said Mayor Bill de Blasio, New York City.
  • JetBlue is New York's Hometown Airline, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan.