Aviation

Turetsky Choir and SOPRANO ART Group Perform "Victory Songs" at Sheremetyevo

Friday, September 18, 2020 - 1:00pm

The compositions about peace, heroism and loveincludedBelorussky Station, Three Tankers, Smuglyanka and other songs.

Key Points: 
  • The compositions about peace, heroism and loveincludedBelorussky Station, Three Tankers, Smuglyanka and other songs.
  • Departing passengers, numerous guests and employees of Sheremetyevo Airport unexpectedly became the show's audience.
  • "Sheremetyevo is one of the most unexpectedand sought-after art venues in Moscow.
  • Sheremetyevo International Airportis among the TOP-10 airport hubs in Europe, the largest Russian airport in terms of passenger and cargo traffic.

AerSale Agrees to Acquire 24 Boeing 757-200 Passenger Aircraft and Spare Engines Stored at its Roswell, New Mexico Airport Facilities

Friday, September 18, 2020 - 1:00pm

All aircraft are equipped with Rolls-Royce RB211-535 series engines, and 16 spares are included with the purchase.

Key Points: 
  • All aircraft are equipped with Rolls-Royce RB211-535 series engines, and 16 spares are included with the purchase.
  • These aircraft are amongst the almost 500 commercial aircraft stored at AerSales facilities in both Roswell, New Mexico and Goodyear, Arizona for numerous airlines, financial institutions and aircraft leasing companies.
  • AerSale has targeted Boeing 757 passenger aircraft as feedstock for a burgeoning freight market.
  • Pre-COVID, more freight was carried in the cargo holds of passenger aircraft than in pure freighters.

58.com Announces Completion of Merger

Friday, September 18, 2020 - 8:30am

BEIJING, Sept. 18, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online market place for classifieds, today announced the completion of the merger (the "Merger") with Quantum Bloom Company Ltd ("Merger Sub"), a wholly-owned subsidiary of Quantum Bloom Group Ltd ("Parent"), pursuant to the previously announcedagreement and plan of merger, dated as of June 15, 2020 (the "Merger Agreement"), among the Company, Parent and Merger Sub.

Key Points: 
  • BEIJING, Sept. 18, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online market place for classifieds, today announced the completion of the merger (the "Merger") with Quantum Bloom Company Ltd ("Merger Sub"), a wholly-owned subsidiary of Quantum Bloom Group Ltd ("Parent"), pursuant to the previously announcedagreement and plan of merger, dated as of June 15, 2020 (the "Merger Agreement"), among the Company, Parent and Merger Sub.
  • As a result of the Merger, the Company became a wholly-owned subsidiary of Parent and will cease to be a publicly traded company.
  • Registered shareholders immediately prior to the Effective Time who are entitled to the Merger Consideration will receive a letter of transmittal and instructions on how to surrender their Shares in exchange for the Merger Consideration and should wait to receive the letter of transmittal before surrendering their Shares.
  • The deregistration will become effective 90 days after the filing of the Form 25 or such shorter period as may be determined by the SEC.

Cloud4C Appoints Terrence Yong as Board Member for Singapore and Chairman for Malaysia

Friday, September 18, 2020 - 2:00am

KUALA LUMPUR, Malaysia, Sept. 18, 2020 /PRNewswire/ -- Cloud4C - World's leading Cloud Managed Services Provider- announced appointment of Mr. Terrence Yong as Member of the Board, Singapore and Chairman, Malaysia.

Key Points: 
  • KUALA LUMPUR, Malaysia, Sept. 18, 2020 /PRNewswire/ -- Cloud4C - World's leading Cloud Managed Services Provider- announced appointment of Mr. Terrence Yong as Member of the Board, Singapore and Chairman, Malaysia.
  • The cloud services market is growing with a CAGR of 12% in Malaysia and is expected to reach $3.7 Bn by 2024.
  • Terrence will help us pursue the strategic vision for the region, delivering greater value to our shareholders,"said Sridhar Pinnapureddy, Founder and CEO, Cloud4C.
  • It will be a pleasure to support the organization in sustaining a distinct value driven culture, and enabling rapid growth," said Terrence Yong, Member of the Board, Singapore and Chairman, Malaysia, Cloud4C.

Colombia announces the reopening of international flights

Thursday, September 17, 2020 - 11:38pm

MIAMI, Sept. 17, 2020 /PRNewswire/ --Colombia is advancing on its strategy for reactivating international tourism.

Key Points: 
  • MIAMI, Sept. 17, 2020 /PRNewswire/ --Colombia is advancing on its strategy for reactivating international tourism.
  • The Colombian Government announced the reopening of the international air connectivity with the inauguration of the first two flights on September 19th from Cartagena with the arrival of the airline Spirit coming from Fort Lauderdale, and the departure of the Colombian airline Viva Air to Miami.
  • In addition, as of September 21st, flights will be restored from Mexico and the Dominican Republic among other countries.
  • The recovery of international air connectivity was one of the strategic actions that we established in ProColombia.

Sheremetyevo Airport Finalizes Emergency Procedures for Handling Operators In Exercises Simulating an Air Accident

Thursday, September 17, 2020 - 10:45pm

MOSCOW, Sept. 17, 2020 /PRNewswire/ -- Sheremetyevo International Airport finalized coordinated procedures to be followed in the event of an aircraft accident during special tactical exercises held at the airport on September 17.

Key Points: 
  • MOSCOW, Sept. 17, 2020 /PRNewswire/ -- Sheremetyevo International Airport finalized coordinated procedures to be followed in the event of an aircraft accident during special tactical exercises held at the airport on September 17.
  • The exercises were part of the current Training Plan for the personnel of JSCSIA, the handling operators, and associated organizations on actions in the event of non-routine, failure and emergency situations for 2020.
  • According to the exercise scenario, "After landing on runway-3 at Sheremetyevo Airport, the aircraft's left engine caught fire and heavy smoke filled the passenger compartment.
  • Sheremetyevo International Airportis among the TOP-10 airport hubs in Europe, the largest Russian airport in terms of passenger and cargo traffic.

Air Lease Corporation Announces Delivery of New Airbus A350-1000 Aircraft to Virgin Atlantic

Thursday, September 17, 2020 - 11:01pm

Today Air Lease Corporation (ALC) (NYSE: AL) announced the delivery of one new Airbus A350-1000 aircraft on long-term lease to Virgin Atlantic.

Key Points: 
  • Today Air Lease Corporation (ALC) (NYSE: AL) announced the delivery of one new Airbus A350-1000 aircraft on long-term lease to Virgin Atlantic.
  • We are pleased to announce this first new A350-1000 aircraft delivery to Virgin Atlantic today, said Steven F. Udvar-Hzy, Executive Chairman of Air Lease Corporation.
  • Our A350-1000s will replace Virgin Atlantics Boeing 747 aircraft on routes from London across the Atlantic to modernize the airlines long-haul fleet.
  • About Air Lease Corporation (NYSE: AL)
    ALC is a leading aircraft leasing company based in Los Angeles, California, that has airline customers throughout the world.

FTC’s Bureau of Economics to Expand Merger Retrospective Program

Thursday, September 17, 2020 - 10:01pm

The Federal Trade Commissions Bureau of Economics has announced a revamped Merger Retrospective Program, which will expand and formalize the Bureaus retrospective research efforts that have already produced studies analyzing the effects of a range of consummated mergers over the last 35 years.

Key Points: 
  • The Federal Trade Commissions Bureau of Economics has announced a revamped Merger Retrospective Program, which will expand and formalize the Bureaus retrospective research efforts that have already produced studies analyzing the effects of a range of consummated mergers over the last 35 years.
  • Merger retrospective analysis seeks to determine, after the fact, whether a merger has affected competition in one or more of the markets impacted by the merger.
  • It can also assess the performance of a pricing pressure index, merger simulation model, or other tools used to predict the effects of a proposed merger.
  • Although the FTCs Merger Retrospective Program has provided many insights over the years that have informed the FTCs enforcement decisions, the Bureau of Economics seeks to expand the program by:

    Some of the new initiatives to the revitalized Merger Retrospective Program include:

FTC’s Bureau of Economics to Expand Merger Retrospective Program

Thursday, September 17, 2020 - 10:01pm

The Federal Trade Commissions Bureau of Economics has announced a revamped Merger Retrospective Program, which will expand and formalize the Bureaus retrospective research efforts that have already produced studies analyzing the effects of a range of consummated mergers over the last 35 years.

Key Points: 
  • The Federal Trade Commissions Bureau of Economics has announced a revamped Merger Retrospective Program, which will expand and formalize the Bureaus retrospective research efforts that have already produced studies analyzing the effects of a range of consummated mergers over the last 35 years.
  • Merger retrospective analysis seeks to determine, after the fact, whether a merger has affected competition in one or more of the markets impacted by the merger.
  • It can also assess the performance of a pricing pressure index, merger simulation model, or other tools used to predict the effects of a proposed merger.
  • Although the FTCs Merger Retrospective Program has provided many insights over the years that have informed the FTCs enforcement decisions, the Bureau of Economics seeks to expand the program by:

    Some of the new initiatives to the revitalized Merger Retrospective Program include:

Braniff Airways Announces New Endowment at the University of Texas at Dallas

Thursday, September 17, 2020 - 8:41pm

Dallas-based Braniff Airways, d/b/a Braniff International, announces that the company has set up a permanent endowment at The University of Texas at Dallas, according to Braniff Chairman Richard Ben Cass.

Key Points: 
  • Dallas-based Braniff Airways, d/b/a Braniff International, announces that the company has set up a permanent endowment at The University of Texas at Dallas, according to Braniff Chairman Richard Ben Cass.
  • Braniff Airways also supports Braniff Airways Foundation, which is the official repository for Braniff's historical corporate and employee records, photographs and negatives and memorabilia.
  • In 2020, Braniff Airways created an endowment at The University of Texas at Dallas to support Braniff's Public Relations Archives that have been housed in the University's History of Aviation Collection since February 1981.
  • An additional endowment will be created to support Braniff International Heritage Archives, which will be placed at UTD in the future