Airlines

AutoBrains Revolutionary AI Central To Leading Supplier's ADAS and AV Growth Strategy

Friday, June 11, 2021 - 6:13pm

TEL AVIV, Israel, June 11, 2021 /PRNewswire/ --Israeli artificial intelligence startup, AutoBrains, today announced that its revolutionary unsupervised AI technology is at the center of leading Tier 1 supplier Continental's growth strategy in the advanced driver assistance system (ADAS) and autonomous vehicle (AV) market.

Key Points: 
  • TEL AVIV, Israel, June 11, 2021 /PRNewswire/ --Israeli artificial intelligence startup, AutoBrains, today announced that its revolutionary unsupervised AI technology is at the center of leading Tier 1 supplier Continental's growth strategy in the advanced driver assistance system (ADAS) and autonomous vehicle (AV) market.
  • AutoBrains revolutionary unsupervised AI technology is at the center of Continental's growth strategy in ADAS and AV.
  • AutoBrains is the creator of a novel AI for the automotive industry capable of overcoming the hardest challenges where current systems are plagued by barriers and will establish a faster technology trajectory for ADAS and AV systems.
  • AutoBrains emerged out of AI tech company, Cortica, after identifying the potential of the unsupervised learning technology to vastly improve AI for automotive.

Magnachip Confirms Receipt of Unsolicited Proposal

Friday, June 11, 2021 - 1:00pm

Magnachip's Board of Directors, in consultation with its legal and financial advisors, will carefully review and consider the Proposal.

Key Points: 
  • Magnachip's Board of Directors, in consultation with its legal and financial advisors, will carefully review and consider the Proposal.
  • Magnachip, Parent and Merger Sub have reached an agreement whereby, through June 16, 2021, Magnachip will have the right to participate in discussions with Cornucopia in connection with the Proposal for the sole purpose of determining whether the Proposal constitutes or could reasonably be expected to lead to a superior proposal.
  • In light of the Proposal, Magnachip expects to adjourn the special meeting of stockholders scheduled for 8:00 p.m. Eastern time on June 15, 2021 to June 17, 2021.
  • Magnachip's Board of Directors has not changed its recommendation that Magnachip stockholders vote "FOR" the proposal to adopt the Merger Agreement and approve the Merger.

Flair Airlines Begins Service to Ottawa

Friday, June 11, 2021 - 11:00am

EDMONTON, Alberta, June 11, 2021 (GLOBE NEWSWIRE) -- Flair Airlines, Canadas only independent ultra low-cost carrier (ULCC), continues its growth with the addition of service to Ottawa International Airport (IATA: YOW) in Ontario starting today.

Key Points: 
  • EDMONTON, Alberta, June 11, 2021 (GLOBE NEWSWIRE) -- Flair Airlines, Canadas only independent ultra low-cost carrier (ULCC), continues its growth with the addition of service to Ottawa International Airport (IATA: YOW) in Ontario starting today.
  • Ottawa flights in June will provide non-stop service to Toronto, Vancouver, Edmonton, Winnipeg and Calgary.
  • We are delighted to start operations at our newest base in Ottawa, says Garth Lund, Chief Commercial Officer.
  • Ottawa is among several new destinations Flair is adding to its network as the airline grows to serve 19 Canadian cities.

Eastern Air Logistics (EAL), a subsidiary of China Eastern Airlines Group, officially landed in A-share market

Friday, June 11, 2021 - 7:59am

SHANGHAI, June 11, 2021 /PRNewswire/ -- On June 9, China Eastern Air Logistics Co., Ltd. (601156.

Key Points: 
  • SHANGHAI, June 11, 2021 /PRNewswire/ -- On June 9, China Eastern Air Logistics Co., Ltd. (601156.
  • Eastern Air Logistics is a modern integrated logistics service enterprise of China Eastern Airlines Group.
  • By the end of 2020, China Cargo Airlines, a subsidiary of Eastern Air Logistics, has sufficient cargo resources including 10 cargo planes and 725 passenger planes.
  • Eastern Air Logistics has 17 self-operated cargo terminals and covers 12 airports.

TimkenSteel and United Steelworkers Local 1123 to Begin Contract Discussions on August 9

Thursday, June 10, 2021 - 9:15pm

CANTON, Ohio, June 10, 2021 /PRNewswire/ -- TimkenSteel (NYSE: TMST) ( timkensteel.com ) and the United Steelworkers will begin discussions on August 9 regarding the current labor agreement that is set to expire on September 27.

Key Points: 
  • CANTON, Ohio, June 10, 2021 /PRNewswire/ -- TimkenSteel (NYSE: TMST) ( timkensteel.com ) and the United Steelworkers will begin discussions on August 9 regarding the current labor agreement that is set to expire on September 27.
  • The current agreement covers approximately 1,180 bargaining employees at the company's Canton, Ohio operations.
  • "Our goal is to reach a fair, equitable agreement that supports the company's vision and provides job security for our employees," said Mike Williams, president and CEO.
  • Consistent with prior practice, the company will reserve further comment until discussions are complete, although periodic updates will be posted on www.timkensteel.com/agreement .

Air Canada Extends Deadline of Its COVID-19 Refund Policy by 30 Days

Thursday, June 10, 2021 - 8:30pm

Still, given only approximately 40% of eligible customers have requested a refund, we are extending the initial deadline for requests."

Key Points: 
  • Still, given only approximately 40% of eligible customers have requested a refund, we are extending the initial deadline for requests."
  • As of April 13, 2021 (the day on which the COVID-19 refund policy came into effect), Air Canada had a total of 1.8 million of its customer bookings eligible for a refund.
  • In January 2021, Air Canada received APEX's Diamond Status Certification for the Air Canada CleanCare+ biosafety program for managing COVID-19, the only airline in Canada to attain the highest APEX ranking.
  • For more information, please visit: aircanada.com/media , follow Air Canada on Twitter and LinkedIn , and join Air Canada on Facebook .

WestJet to offer Canadians the most flights to Hawaii this winter

Thursday, June 10, 2021 - 5:00pm

With 57 weekly roundtrip flights on 10 nonstop routes, WestJet offers more service between Canada and Hawaii than any other airline.

Key Points: 
  • With 57 weekly roundtrip flights on 10 nonstop routes, WestJet offers more service between Canada and Hawaii than any other airline.
  • With the addition of the new service, WestJet will offer service to four Hawaiian destinations non-stop from Calgary and two from Edmonton.
  • Starting this winter, WestJet will add 787 Dreamliner service from Calgary and Vancouver to Kahului, Maui (OGG) with 13 weekly flights.
  • "Like the Kolea bird, many Canadians return each year to the Hawaiian Islands during the winter months," said David Y. Ige, Governor, Hawaii.

Win Dad a Pilot Watch: Miracle Flights and Torgoen Announce Father's Day Giveaway

Thursday, June 10, 2021 - 1:44pm

The puns are as timeless as the prize itself in the Miracle Flights + Torgoen Father's Day Giveaway, where one lucky winner will receive a classic Torgoen pilot watch to gift a special father or father figure in their life.

Key Points: 
  • The puns are as timeless as the prize itself in the Miracle Flights + Torgoen Father's Day Giveaway, where one lucky winner will receive a classic Torgoen pilot watch to gift a special father or father figure in their life.
  • Selected at random, one winner will be announced on June 18, 2021, to receive a Torgoen T9 Bluebird GMT pilot watch (retail value: $198.00).
  • "We're excited to join Miracle Flights in presenting a special father or father figure with our classic Torgoen timepiece and help make this year's Father's Day celebration unforgettable."
  • Since last year, Torgoen has generously donated a portion of its sales proceeds to support Miracle Flights' mission.

OverlayAnalytics Wins The Global Snowflake Startup Challenge

Thursday, June 10, 2021 - 1:00pm

DALLAS, June 10, 2021 /PRNewswire/ -- OverlayAnalytics has been named the winner of the inaugural Snowflake Startup Challenge.

Key Points: 
  • DALLAS, June 10, 2021 /PRNewswire/ -- OverlayAnalytics has been named the winner of the inaugural Snowflake Startup Challenge.
  • Snowflake , the Data Cloud Company , issued a global call for submissions over a five-month period in late 2020 and early 2021.
  • A distinguished panel that includes Benoit Dageville, Co-Founder, Snowflake, Denise Persson, CMO, Snowflake, Mike Speiser, Managing Director, Sutter Hill Ventures, and Carl Eschenbach, Partner, Sequoia Capital, selected OverlayAnalytics from hundreds of applications from 50+ countries.
  • As the winner of the Snowflake Start-Up Challenge, OverlayAnalytics is now in discussions with Snowflake Ventures regarding a potential investment.

Flair Airlines Begins Service with the First of 13 New Boeing 737-8 Aircraft

Thursday, June 10, 2021 - 11:00am

EDMONTON, Alberta, June 10, 2021 (GLOBE NEWSWIRE) -- Flair Airlines, Canadas only independent ultra low-cost carrier (ULCC), begins service today with the first of 13 new Boeing 737-8 aircraft joining the fleet as the airline begins rapid growth to provide affordable, low fare air travel to 19 Canadian destinations.

Key Points: 
  • EDMONTON, Alberta, June 10, 2021 (GLOBE NEWSWIRE) -- Flair Airlines, Canadas only independent ultra low-cost carrier (ULCC), begins service today with the first of 13 new Boeing 737-8 aircraft joining the fleet as the airline begins rapid growth to provide affordable, low fare air travel to 19 Canadian destinations.
  • Today marks a huge milestone as Flair grows to bring affordable travel options to more Canadians, says Stephen Jones, President and CEO, Flair Airlines.
  • Flairs team has been working closely with Boeing and been on-site throughout the testing and delivery phase of each aircraft.
  • With an expanding fleet of Boeing 737 aircraft, Flair is growing to serve 19 cities across Canada.