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Safran Shares Lifted by Boeing 737 MAX Restart Plan

WIL BALDWIN May 28, 2020

Outbreak of the coronavirus disease (COVID-19) in Renton, Washington PARIS (Reuters) - Safran <SAF.PA> shares rose on Thursday after Boeing <BA.N> said it would restart production of its 737 MAX jet and announced further cost-cutting…

Korean Air to Issue $817 Million in New Shares as Virus Strains Industry

WIL BALDWIN May 14, 2020May 14, 2020

SEOUL (Reuters) - South Korea's largest airline, Korean Air, plans to sell around 1 trillion won ($816.55 million) in new shares in its biggest rights issue in 20 years to raise funds amid mounting strains…

Norwegian Air Shares Plummet 60% After Proposed Rescue Plan

WIL BALDWIN April 14, 2020April 14, 2020

OSLO (Reuters) - The shares of Norwegian Air plunged by more than 60% on Tuesday as they resumed trade after the airline proposed a financial rescue package on April 8 that would significantly dilute existing…

Qantas Shares Near $2 After Morning Drama

WIL BALDWIN March 19, 2020

Qantas Group shares came perilously close to dropping below $2 on the day the airline announced it was suspending two-thirds of its staff. Shares plummeted from $2.53 on Wednesday to a low of $2.03 before…

Norwegian Air’s Shares Jump as Turnaround Takes Off

WIL BALDWIN February 6, 2020

OSLO (Reuters) - Norwegian Air's turnaround gathered pace last month as the budget carrier removed unprofitable routes from its network and boosted the income from remaining flights, sending its shares up almost 6% in early…

Brazil’s Gol Shares Jump on American Codeshare Agreement

WIL BALDWIN February 4, 2020

SAO PAULO, Feb 4 (Reuters) - Shares in Brazil's Gol rose as much as 5.5% on Tuesday after the budget airline said it had signed a codeshare agreement with American Airlines. "When this is approved…

AirAsia Shares Plunge After Airbus Bribery Allegations

WIL BALDWIN February 2, 2020

KUALA LUMPUR (Reuters) - Shares of Malaysia's AirAsia Group <5099.KL> fell on Monday, after allegations by Britain's Serious Fraud Office that Airbus <EADSY> paid a bribe of $50 million to win plane orders from Asia's…

MGM To Sell Las Vegas Resorts To Joint Venture In $4.6B Deal

WIL BALDWIN January 14, 2020

MGM Resorts International (NYSE: MGM) said Tuesday that it plans to sell the MGM Grand and Mandalay Bay properties to a joint venture of MGM Growth Properties LLC (NYSE: MGP) and Blackstone Real Estate Income Trust, Inc. for $4.6 billion. The Blackstone Real…

Delta Completes Tender Offer to Purchase Shares in LATAM

WIL BALDWIN December 31, 2019

Delta Air Lines has successfully acquired a 20 percent equity stake in LATAM Airlines Group S.A for approximately $1.9 billion. Delta Air Lines has successfully completed its previously announced tender offer and has acquired a…

Czech Republic Signs Letter of Offer and Acceptance for Mixed Fleet of AH-1Z and UH-1Y

WIL BALDWIN December 14, 2019

Czech Republic becomes first international customer to purchase mixed fleet of H-1 aircraft WASHINGTON D.C. (Dec. 13, 2019) – The U.S. Secretary of Defense, Mark Esper, and Czech Republic Minister of Defence, Lubomir Metnar, signed…