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Amtrak Supplemental Funding Needed to Maintain Minimum Service Levels

WIL BALDWIN May 27, 2020

Amtrak submitted a letter to Congress outlining an additional $1.475 billion in supplemental funding needed in FY 2021. This additional funding is necessary for Amtrak to operate minimum service levels across the passenger rail network and continue capital investments for the future. The funds would also support Amtrak’s 17 state…

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Kiwi Rail Plans $1.2 Billion Investment to Rebuild New Zealand

WIL BALDWIN May 18, 2020

The Government’s $1.2 billion rail investment in Budget 2020 will help KiwiRail attract more customers and get more freight on rail, KiwiRail Group Chief Executive Greg Miller says. Building on the Government’s $1 billion investment…

The Qantas Group Completed New Round of Debt Funding

WIL BALDWIN March 25, 2020

The Qantas Group has completed a new round of debt funding, securing $1.05 billion in additional liquidity to strengthen its position as it manages through the Coronavirus outbreak. This debt has been secured against part…

Delta CFO Paul Jacobson to Retire After 23-year Career

WIL BALDWIN February 29, 2020

Jacobson, who was named the airline industry’s best CFO eight times, will remain at Delta while a successor is named and throughout the transition. Paul Jacobson, Delta’s Chief Financial Officer, is retiring after a remarkable…

Trump Proposes Cutting Amtrak Funding, Boost Infrastructure

WIL BALDWIN February 10, 2020

WASHINGTON, Feb 10 (Reuters) - The White House budget released on Monday proposed cutting funding for passenger rail carrier Amtrak, while calling for a significant boost in infrastructure spending. The proposal would cut Amtrak funds…

American Airlines to Raise Funding for Stand Up To Cancer

WIL BALDWIN July 1, 2019July 1, 2019

FORT WORTH, Texas — American Airlines will provide a once-in-a-lifetime opportunity to add a loved one’s name to one of its planes in honor of those who are cancer survivors, current cancer fighters and those…

Jet Airways to Suspend Operations After Banks Reject Funding

WIL BALDWIN April 17, 2019April 17, 2019

MUMBAI/NEW DELHI, April 17 (Reuters) - India's embattled Jet Airways Ltd is set to temporarily halt operations from Wednesday onward after its lenders rejected the airline's plea for emergency funds, three sources from inside the…

German Wind Turbine Maker Senvion Files for Insolvency

WIL BALDWIN April 9, 2019April 9, 2019

FRANKFURT, April 9 (Reuters) - A German court on Tuesday approved an application for insolvency from wind turbine manufacturer Senvion, although the company said it was also continuing to look at new funding options and…