Boeing Company (NYSE:BA) announced on Friday that Investment 777 Partners, a Miami-based private investment firm, has agreed to purchase 24 737 MAX 8 airplanes with the option to purchase 60 additional planes at a later date.
What Happened: A strategic investor in the aviation sector, Investment 777 Partners plans to lease the 24 planes to its partners, including Canadian-based Flair airlines, a low-cost passenger carrier.
“The 737-8 aircraft are a fantastic addition to our aviation portfolio and will enable our partners to leverage the jets’ superior economic performance to deliver low fares for their passengers while reducing their carbon footprint,” said Investment 777 Partners founder and Managing Partner Joshua Wander.
Biden’s Antitrust Dream Team Could Mean Crackdown on Big Tech
President Joe Biden’s plan to put two progressive antitrust scholars in top positions with the Federal Trade Commission and National Economic Council signals an aggressive approach to combating corporate monopolies. by David McLaughlin, Jennifer Jacobs, Naomi Nix, Bloomberg News / March 10, 2021 President Joe Biden walks to the Oval Office of the White House after visiting a small business store that has benefited from a Paycheck Protection Program loan, in Washington, D.C., on Tuesday, March 9, 2021. Biden has signaled an aggressive approach to combating corporate consolidation and monopoly power, especially that wielded by technology giants such as Alphabet Inc.’s Google and Facebook Inc. (Yuri Gripas/Abaca Press/TNS)
<div class="at-above-post addthis tool" data-url="https://www.metro.us/american-airlines-upsizes-prices/"></div>(Reuters) – American Airlines Group Inc upsized and priced a $10 billion bond and loan offering, supported by its AAdvantage loyalty program, the carrier said on Wednesday. The offering consists of $6.5 billion of high-yield bonds and $3.5 billion of leveraged loans, American Airlines said. The company said it plans to use part of the […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/american-airlines-upsizes-prices/"></di
American Airlines says no furloughs this spring after latest stimulus package bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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Breeze Airways, the new airline created by
JetBlue Airways Corporation (NASDAQ: JBLU) founder David Neeleman, has received final approval from the U.S. Department of Transportation (DOT) to begin operations.
What Happened: Neeleman, who also founded Canada’s WestJet Airlines Ltd., Azul Brazilian Airlines and the now-defunct Morris Air, first announced plans for a new airline in 2018 under the name Moxy, which was renamed Breeze Airways. The new airline was initially planned to launch in 2020, but the COVID-19 pandemic’s deleterious impact on the airline industry forced the startup to reschedule its debut, which is now slated for the spring.