Citiri secures investment from RCP Equity
Citiri has announced that it has received a Series A investment from Pensacola-based RCP Equity, the company said. The funding will help Citiri accelerate the expansion of its go-to-market team…
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JBT reports 17% decline in Q2 2020 revenue
JBT Corporation (NYSE: JBT) has reported a 17% decline in year-over-year second quarter 2020 revenue of USD 412 million, the company said.The company reported a 20% decline organically and a…
American Airlines stock rebounds following upgrade to market perform status from Raymond James analyst
MarketWatch has reported a 3.3% surge in shares of American Airlines Group Inc. (AAL) following an upgrade by a Raymond James analyst in American´s position to market perform status, the…
United Airlines names new VP of corporate safety
United Airlines has announced Sasha Johnson will join the company as Vice President of Corporate Safety, effective October 1, the company said. Johnson, who currently serves as United´s managing director…
Alaska Airlines reports net loss of USD 439m in Q2 2020
Alaska Airlines has reported a net loss of USD 439 million in the second quarter 2020, for a loss of USD 3.54 per diluted share, the company said.The company said…
Delta Air Lines reports USD 3.9bn pre-tax loss in June quarter
Delta Air Lines (NYSE:DAL) has reported a pre-tax loss of USD 3.9 billion and adjusted loss per share of USD 4.43 on adjusted revenue of USD 1.2 billion in the…
Alderman Survey publishes survey results finding increase liquidity issues in commercial aviation industry
Alderman & Company, serving the global aerospace and defense industry, has announced the publication of a proprietary survey highlighting the growing liquidity crisis in the commercial aviation industry, the company…
Bombardier secures USD 1bn 3-year senior secured term loan from HPS Investment
Bombardier (TSX: BBD.B) has reported it has secured a commitment for up to USD 1 billion in a three-year senior secured term loan from investment funds and accounts managed by…
Bombardier reports Q2 2020 cash usage is USD 500m better than expected
Bombardier (TSX: BBD.B) has reported cash usage in the second quarter 2020 was approximately USD 500 million better than previously expected, the company said.As of June 30, 2020, cash on…
Aerochine divests Zhenjiang Aerochine MRO to Bell Textron
Aerochine Aviation, a China-based helicopter company, has announced it has sold its Chinese MRO business, Zhenjiang Aerochine Aviation Ltd., to US aviation company Bell Textron to provide MRO services to…
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