Austrian Airlines expects company to be one-fifth smaller in 2022
Reuters has reported Austrian Airlines expects its business to be 20% smaller by 2022, the company said.The air carrier said it has cut the number of its employees by around…
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Raytheon Technologies declares quarterly dividend of USD 0.475 per share
Raytheon Technologies Corporation´s board of directors has declared a USD 0.475 per share dividend on common stock, the company said. The dividend will be payable on Sept. 10, 2020, to…
Glebar acquires Everite Machine Products to strengthen position in electrochemical grinding solutions
Glebar company, a US-based precision grinding solutions organization, has announced the acquisition of electrochemical grinding technology (ECG) provider Everite Machine Products, Inc., the company said.Combining the capabilities of the companies…
Northrup Grumman elects UPS chair to board
Northrop Grumman Corporation (NYSE: NOC) has announced the election of executive chairman of the UPS board of directors, David Abney, to Northrop´s board of directors, the company said.Abney served as…
GOL issues monthly update on status to investors
Brazil-based domestic airline GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) (B3: GOLL4), has announced a May 2020 update to investors, the company said.During this pandemic, GOL will continue to provide…
Austrian Airlines to receive EUR 600m rescue package
The Punch has reported Austrian Airlines has reached an agreement on a rescue package for EUR 600 million (USD 677 million) to mitigate the effects of the coronavirus pandemic, the…
Bombardier Aviation adjusts workforce in response to COVID-19 crisis
Bombardier Aviation has announced plans to adjust its workforce to align with current market conditions reflecting the extraordinary industry interruptions and challenges caused by COVID-19, the company said.When the pandemic…
Airbus names new president of Airbus Asia-Pacific
Airbus has announced it has appointed Anand Stanley as President Airbus Asia-Pacific, effective 1 July 2020, the company said.Based in Singapore, Anand Stanley will lead the strategy and future positioning…
Dominica PM acknowledges partnership with World Bank, IMF, foreign investors
CS Global Partners has announced Dominican prime minister Dr. the Hon. Roosevelt Skerrit has expressed his gratitude for the partnership Dominica has with the World Bank, the International Monetary Fund…
Sabre plans to realign business segments to support future growth
Sabre Corporation (NASDAQ: SABR) has announced it has completed a realignment plan to position the company for long-term growth, the company said.The plan combines airline and agency focused businesses, as…
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