raise – Welcome to www.planesintheair.com

Rolls-Royce Announces Funding Secured for Small Modular Reactors

WIL BALDWIN November 8, 2021

Rolls-Royce (LSE: RR.L) announced today that following a successful equity raise, the Rolls-Royce Small Modular Reactor (SMR) business has today been established, to bring forward and deliver at scale the next generation of low cost,…

Aerospace news Air Cargo News Airbus news airline airline news Airplane News Aviation news Business News Cargo News Communications News Consumer News Coronavirus Covid-19 e-commerce Economic News Economy News European News Finance News Frequent Flyer News International News low cost carrier News Shipping News transport Transportation Transportation News travel Travel news

SWISS Reports Marginally Positive Earnings for Third Quarter Quarter

WIL BALDWIN November 4, 2021

The coronavirus pandemic depressed earnings at Swiss International Air Lines (SWISS) in the first nine months of 2021, too. Following an extremely challenging winter period, however, spring 2021 saw a slight recovery in demand which…

airline airline news Airplane News Aviation news Business News Consumer News Coronavirus Covid-19 Economic News European News Finance News German Global Politics International News News stock stock news stock,airline transport Transportation Transportation News travel Travel news

British Airways Plans to Sell Shares and Avoid Bailout

WIL BALDWIN July 26, 2020

British Airways is scrapping all its Boeing 747 jumbo jets. It’s cutting capacity to prepare for years of weak demand for air travel. Now Reuters sources say owner IAG has a plan to get its…

Emirates Plans to Cut About 30,000 Jobs Amid Virus Outbreak

WIL BALDWIN May 18, 2020

(Reuters) - Emirates Group is planning to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, which will bring down its number of employees by about 30% from more than 105,000 at the…

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…

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…

China’s HNA Steps Up Efforts to Sell Swissport at Big Discount

WIL BALDWIN February 5, 2020

LONDON/FRANKFURT, Feb 5 (Reuters) - China's HNA Group is resuming efforts to find a buyer for airport luggage handler Swissport despite facing a loss of several hundred million dollars on its initial $2.8 billion investment,…

U.S. Says May Raise Tariffs on EU Products in Aircraft Subsidy Row

WIL BALDWIN December 2, 2019

WASHINGTON, Dec 2 (Reuters) - The U.S. government on Monday said it would review the possibility of raising tariffs on European Union products and applying tariffs to more products, given what it called lack of…

Ford’s UAW Members Vote to Ratify New Four-Year Contract

WIL BALDWIN November 15, 2019

FILE PHOTO: Frankfurt hosts the international Motor Show (IAA) DETROIT (Reuters) - The United Auto Workers union said on Friday that rank-and-file members at Ford Motor Co <F> have voted in favor of a new…