Airlines
GE Aviation has secured a $370 million contract to provide Bahrain's Gulf Air with engines for its Airbus A320 aircraft. The contract includes the delivery of 15 CFM56-5B engines between 2009 and 2013, with a 10-year service agreement worth $100 million. The CFM56-5B engines are valued at $270
Airlines
The spread of swine flu triggered a reaction in the market yesterday, with travel and hotel groups particularly affected. However, a rise in pharmaceutical stocks and defensive sectors helped to limit the damage. Analysts noted that companies involved in the tourism industry, such as cruise operators and tour operators, were
Airlines
Global stock markets plummeted today in response to growing fears over the swine flu outbreak, with airlines, travel companies, and hotel groups facing significant losses. Share prices in British Airways, Thomas Cook, Carnival, and Thomson Holidays' owner TUI all fell by over 5%, while Intercontinental Hotels dropped almost 6%
Airlines
The European Commission has opened an antitrust investigation targeting several airlines from Star Alliance and oneworld, citing potential restrictions on competition on transatlantic routes. The probe focuses on alleged extensive cooperation between the airlines, including pricing, capacity, and scheduling, as well as revenue sharing. The Commission's goal is
Airlines
The European Commission launched investigations against several airlines from the Star and Oneworld alliances due to concerns that their extensive cooperation might violate European Union (EU) rules. The investigations focus on two sets of agreements, one between Air Canada, Continental, Lufthansa, and United Airlines, and another between American Airlines, British
Airlines
The Australian government has expressed dismay at Qantas' decision to slash up to 1,500 jobs, citing the airline's rapidly deteriorating trading conditions. Deputy Prime Minister Julia Gillard stated that the situation is "very unwelcome news" for Qantas workers, who are being asked to explore
Airlines
Asian shares were mixed on Tuesday, as financial stocks found some buyers following Goldman Sachs' earnings report. Qantas, however, slumped 10% in Sydney after slashing its full-year earnings forecast. Japan's Nikkei 225 erased a brief opening gain, while South Korea's Kospi Composite fell 0.9%
Airlines
As the recession bites, easyJet is facing one of the toughest periods in its history. The airline's chairman, Sir Colin Chandler, has resigned after a long-running dispute with the company's largest shareholder, Sir Stelios Haji-Ioannou. Chandler cited the stress of running a high-profile public company and
Airlines
In today's volatile financial landscape, investors are seeking ways to mitigate risk and maximize returns. Seven Summits Research has released PriceWatch Alerts, providing concise and actionable strategies for key stocks, including Freeport-McMoRan Copper & Gold Inc., Barrick Gold Corporation, Juniper Networks, Inc., General Dynamics Corp., and Delta Air
Airlines
CAE has signed contracts to design and manufacture three full-flight simulators (FFSs) valued at C$33 million at list prices over the past month. This brings the company's total orders for FFSs in fiscal 2009 to 34, despite a contract being terminated and then sold to an undisclosed
Airlines
Bombardier, Canada's only aircraft manufacturer, has secured its first order for the larger version of its new CSeries aircraft as part of a deal worth up to US$1.44 billion for 20 planes from an Irish-based leasing company. The firm order from Lease Corporation International Aviation Ltd.
Airlines
Virgin Blue, the low-cost carrier, has launched a campaign warning consumers not to be "tricked" by Qantas' plans to lock its frequent flyer customers into a specific credit card. The advertisement, titled "Refuse if you want to Choose", claims that Qantas' move is a
