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The Justice Department has tapped victim compensation attorneys Ken Feinberg and Camille Biros to oversee the $500 million fund set up for the families of victims of fatal plane crashes involving Boeing 737 Max Aircraft. ....
Boeing Co. was planning to strengthen protective engine covers on its 777 jets months before a pair of recent serious failures, including one near Denver last weekend, according to an internal Federal Aviation Administration document. The plane maker and regulator had been discussing potential fixes even longer for about two years, according to people familiar with the matter. The talks began after two failures in 2018, one on a 777 operated by United Airlines Holdings Inc. and the other on a Southwest Airlines Co. 737. Because potential modifications to 777 external engine covers, commonly known as cowlings, had various shortcomings, “Boeing has decided to redesign the fan cowl instead of trying to modify existing fan cowls to address both the structural strength concerns” and moisture issues, according to the internal FAA document reviewed by The Wall Street Journal. ....
The Federal Aviation Administration (FAA) said on Tuesday it was ordering immediate inspections of Boeing 777-200 planes with Pratt & Whitney PW4000 engines before further flights after an engine failed on a United flight on Saturday. ....
JonesTrading Investment Bank Sole Book Runner For Seven Oaks Acquisition Corpâs $225 Million IPO Date 21/01/2021 JonesTrading Institutional Services LLC (“JonesTrading”) today announced that its Investment Banking Group acted as sole book-running manager for Seven Oak’s Acquisition Corp’s (Nasdaq: SVOKU) December 2020 $225 million IPO raise. Seven Oaks Acquisition now commands an estimated market value of $250 million. National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (Nasdaq CM: NHLD), served as lead manager for the offering. Academy Securities, Loop Capital Markets and Tigress Financial Partners acted as co-managers. Seven Oaks Acquisition Corp., led by Chairman and CEO Gary Matthews, is a special purpose acquisition company formed for the purpose of entering into a business combination with one or more businesses. While the Company may pursue a business combination in any industry, the Company focuses ....
Seven Oaks Acquisition Corp. Announces Closing of Upsized $258.75 Million Initial Public Offering December 22, 2020 17:00 ET | Source: Seven Oaks Acquisition Seven Oaks Acquisition New York, New York, UNITED STATES NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) Seven Oaks Acquisition Corp. (the “Company”) today announced the closing of its upsized initial public offering of 25,875,000 units at a price of $10.00 per unit, including 3,375,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The units are listed on The NASDAQ Capital Market (“NASDAQ”) and began trading under the ticker symbol “SVOKU” on December 18, 2020. Each unit consists of one share of Class A common stock of the Company and one-half of one redeemable warrant with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Once the sec ....