Berkshire Hathaway sells entire stake of airline shares
Reuters has reported Berkshire Hathaway has sold its entire stake in airline shares, the news source said.Berkshire Hathaway held an 11% stake in Delta, 10% in American, 10% in Southwest…
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Honeywell declares USD 0.90 per share quarterly dividend
Board of directors of Honeywell International Inc. (NYSE: HON) has declared a USD 0.90 per share regular quarterly dividend payment on the company´s outstanding common stock, the company said. The…
TAP Portugal investor in negotiations to sell stake in Atlantic Gateway to Lufthansa
David Neeleman, an investor in TAP Portugal´s reprivatization partner, Atlantic Gateway has announced he was in negotiations with a consortium led by German airline Lufthansa, the company said.This development comes…
WestJet saves 1,000 pilot jobs through ALPA agreements during COVID-19 crisis
WestJet has announced an agreement with Airline Pilot Association (ALPA) to save more than 1,000 pilot jobs at WestJet, WestJet Encore and Swoop amidst the COVID-19 crisis. The airline had…
JBT reports USD 457.7m in Q1 2020 revenue
JBT Corporation (NYSE: JBT) has reported first quarter revenue of USD 457.7 million, an increase of 10%, compared to the prior year, the company said.First quarter 2020 operating income was…
Aimia elects slate of directors to board
Aimia Inc. (TSX: AIM) has announced nominees in the March 27, 2020 management information circular have been elected as directors, the company said.Each of the following 7 nominees proposed by…
US Transportation Dept. to award USD 1.187bn in airport safety, infrastructure grants
US Secretary of Transportation Elaine L. Chao has announced the Department of Transportation´s Federal Aviation Administration (FAA) will award 439 grants amounting to USD 1.187 billion in airport safety and…
Phoenix American Financial supports AD Securities America with investor services
Phoenix American Financial Services, Inc. has announced it has partnered with new client AD Securities America LLC to support the back office operational needs of AD Securities´ asset management business,…
Aimia updates market impact of COVID-19
Aimia Inc. (TSX: AIM), owner of a 48.9% equity stake in PLM Premier, S.A.P.I. de C.V (PLM), owner and operator of Mexico´s coalition program, Club Premier, has announced COVID-19 is…
AvAir partners with Lufthansa Technik's component division to acquire USD 100m in surplus notables
AvAir, an inventory solutions provider for the aviation aftermarket has announced an aftermarket sales agreement with Lufthansa Technik Component Solutions (LTCS), the company said.Arizona-based AvAir acquired a complete rotable spares…
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