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...Sky-high stakes A government lawsuit claiming JetBlue’s $3.8bn takeover of Spirit Airlines would harm competition comes as a big test for the US crackdown on airline consolidation, Bloomberg reports....
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...One of his clients was Carl Icahn, who used Drexel funds to take over Trans World Airlines in 1985. “His word has always been his bond,” Icahn told the FT. “All you needed was a handshake....
...It has around two years’ worth of fuel stockpiled after taking delivery of the exempted Russian fuel after the EU banned Russian airlines from its airspace....
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...Calm, the first mental health app to become a unicorn with a valuation of over $1bn, has partnerships with American Airlines, M&S and Uber....
...Many airline executives who had feared Google’s encroachment on the industry when it set up Google Flights, a search tool that does not take bookings, have been grateful for the traffic it provides as they...
...Delta Air Lines and United Airlines have said that new hires in the US would need to be vaccinated....
...Some hope to benefit further from a resumption of normal life, having invested in airlines, car rental companies and travel agencies that could earn large windfalls if newly vaccinated Americans rediscover...
...Vingroup dropped plans to start an airline early last year, shortly before Covid-19 hit Vietnam. It merged its retail business with fellow conglomerate Masan, ceding control of it....
...Gary Kelly is stepping down as chief executive of Southwest Airlines after 17 years at the helm. He will be replaced by Robert Jordan, currently the executive vice-president of corporate services....
...Carmakers, airlines and heavy industry all hit out at the proposals, which include a de facto ban on new diesel and petrol cars in the EU from 2035, a tax on aviation and maritime fuel, and the decision...
...Much has happened since Kelly made those comments, not least a pandemic that has ground international travel to a halt and left the airline industry in tatters....
...the $3.2bn Ark Autonomous Technology & Robotics ETF held 0.42 per cent of its assets in Atlas Crest Investment Corp, a Spac that went public last year and announced in February it would acquire electric airline...
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...thrown multibillion-dollar lifelines to companies as mighty as Goldman Sachs and General Electric during the financial crisis a decade earlier, was licking his wounds from an enormous investment in US airlines...
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