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Moody's Investors Service on Tuesday revised its outlook for the global airlines industry to positive from negative, reflecting that industry fundamentals will materially improve over the next 12 to 18 months. This is despite the current record high daily infection rate in India, travel restrictions in countries with large amounts of traffic to and from India, and ongoing lockdowns in other countries. "While the continuing pandemic means there is a risk of further disruption to air travel in various countries at various times, we expect increasing vaccinations will lower border restriction...

Outlook positive for airlines: Moody’s May 11, 2021 New York [USA], May 11 (ANI): Moody’s Investors Service on Tuesday revised its outlook for the global airlines industry to positive from negative, reflecting that industry fundamentals will materially improve over the next 12 to 18 months. This is despite the current record high daily infection rate in India, travel restrictions in countries with large amounts of traffic to and from India, and ongoing lockdowns in other countries. “While the continuing pandemic means there is a risk of further disruption to air travel ...

Carlsmed Raises $10M to Commercialize Breakthrough aprevo™ Devices Today, Carlsmed, Inc. announces the close of a $10M Series A financing to commercialize the aprevo family of spine deformity correction devices. The San Diego-based medical device company is focused on improving outcomes for patients with adult spinal deformity. Carlsmed has pioneered a novel digital + surgical solution to create optimized surgical plans and personalized aprevo implants to enable superior correction of the spinal deformity. This round of financing is led by U.S. Venture Partners (USVP) and includes partic...

SHARE Moody’s Investors Service forecast a negative outlook for global airlines in 2021, with operators expected to lose money until 2022 due to the impact of Covid-19 on air travel demand. The credit rating agency does not expect passenger demand to make a significant return until the coronavirus vaccine is widely available and travellers are more confident about boarding a plane. “We have a negative outlook on the airlines [and] we expect operating losses to run through 2021 into 2022,” Moody's airline analyst Jonathan Root said during a podcast. The aviation industry is among the sec...

Carlsmed, Inc., a San Diego, CA-based medical device company, closed a $10M Series A financing round. The round was led by U.S. Venture Partners with participation from The Vertical Group, Cove Fund, and Wavemaker Three-Sixty Health, among others. The company intends to use the funds to commercialize its devices. Led by Mike Cordonnier, CEO, Carlsmed is the maker of the  aprevo family of spine deformity correction devices. Its novel digital + surgical solution creates optimized surgical plans and personalized implants to enable superior correction of the spinal deformity. In conjunction...