Alaska Air Group to acquire Virgin America
Alaska Airlines and Virgin America intend to merge, creating a new West Coast airline, the companies said.Alaska Air Group, Inc. (NYSE: ALK) and Virgin America, Inc. (NASDAQ: VA) boards of…
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IBS Software signs crew management contract with Lufthansa
IBS Software has signed a deal with Lufthansa for replacing its legacy Unisys-based Crew Management applications with IBS´ state-of-the-art crew management solution, the company said. IBS´ airline crew management system,…
DAHER Attains Greater Operational Robustness with Turnover Passing the One Billion Euros Mark
The DAHER Group has announced turnover in excess of one billion euros, confirming its position as a leading equipment supplier, the company said. This marks the continued momentum of DAHER´s…
Harris gets USD17m order to supply tactical radios
Harris Corporation (NYSE:HRS) has received a USD17 million order to supply Falcon III® multiband networking radios to a nation in the Middle East as part of a tactical communications modernization…
Apollo Aviation prices securitization equity trust 2016-1
Apollo Aviation Group has priced its second aircraft securitization: Apollo Aviation Securitization Equity Trust 2016-1 (AASET 2016-1), the company said. AASET 2016-1 will issue USD510 million of asset backed notes…
Alcoa board announces quarterly dividends
The board of directors of Alcoa (NYSE: AA) has declared a quarterly common stock dividend of USD0.03 per share payable May 25, 2016 to holders of record of the common…
Straightline letter to buy 12 Lockheed Martin Airships
Straightline Aviation (SLA) intends to buy up to 12 Lockheed Martin (NYSE: LMT) Hybrid Airships with a potential value of approximately USD480 million, the company said. SLA is working with…
Frontier Airlines picks Lockheed Martin as engine MRO provider
Frontier Airlines has awarded Lockheed Martin Commercial Engine Solutions (NYSE: LMT) an eight-year, exclusive contract to perform engine maintenance, repair and overhaul on CFM56-5 engines for their Airbus A319s and…
Mechanical Technology product revenue down by USD2.5m
Mechanical Technology, Inc. (OTCQB: MKTY) reported its product revenue decreased by USD2.5 million in 2015 compared to 2014, the company said. Reduced instrument shipments to Asia resulting from the weakness…
KYOCERA to acquire US-based solid tool manufacturer
Kyocera Corporation (NYSE:KYO) (TOKYO:6971) has completed a share purchase agreement regarding the US-based solid tool manufacturing and sales company, SGS Tool company and its group companies, the company said. Effective…
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