Hearst to acquire CAMP Systems Aviation SaaS
Hearst has agreed to acquire CAMP Systems International Inc. from private equity firm GTCR, the company said. Terms of the agreement were not disclosed. The transaction is expected to close…
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SilverArrow acquires 51% share of Switzerland's PrivatAir
SilverArrow Capital Group has acquired the majority share (51 percent) of Swiss-based PrivatAir, SA, the company said. PrivatAir is an international premium airline and business aviation group with headquarters in…
Southwest Airlines reports USD388m in Q3 2016 net income
Southwest Airlines Co. (NYSE: LUV) has reported USD388 million or USD0.62 per diluted share in the third quarter 2016, compared to USD584 million, or USD0.88 per diluted share in the…
JetBlue invests in JetSuite
JetBlue Airways (NASDAQ: JBLU) has made a minority equity investment in JetSuite, Inc., the company said. Goldman Sachs served as financial advisor to JetSuite for this transaction. The agreement provides…
Bombardier confirms progress on 5-year turnaround plan
Bombardier (TSX: BBD.A)(TSX: BBD.B)(OTCQX: BDRBF) has undertaken a series of actions as it continues to execute its five-year turnaround plan designed to support the company´s efforts to reduce costs and…
LATAM Airlines Group SA terminates TAM Capital cash tender offer
LATAM Airlines Group SA (NYSE: LFL) (IPSA: LAN), TAM Capital Inc., TAM Capital 3 Inc. and Citigroup Global Markets Inc., have terminated of the previously announced cash tender offer of…
Copa Holdings launches Wingo in Colombia
Copa Holdings (NYSE: CPA), parent company of Copa Airlines and Copa Airlines Colombia, has launched Wingo in Colombia, the company said. Wingo is a low-cost offering, which diversifies and expands…
FLY Leasing extends 2012 term loan maturity date
FLY Leasing Limited (NYSE: FLY) has extended the maturity date of its 2012 term loan from August 2019 to February 2022, the company said. The term loan had a balance…
Alaska Air Group reports USD256m in Q3 2016 net income
Alaska Air Group, Inc. (NYSE: ALK) has reported GAAP net income for the third quarter 2016 of USD256 million, compared to net income of USD274 million in the same quarter…
Air Mauritius signs 5-year contract with IBM for cloud, analytics technology
Air Mauritius has fueled its long-term growth plans with a five-year technology and services deal with IBM (NYSE: IBM) for cloud and analytics technologies delivered as services to fuel its…
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