November 19, 20240 Comments

Spirit Air files for bankruptcy following failed JetBlue deal

Article content Spirit Airlines Inc. has filed for bankruptcy in the wake of greater competition from rival carriers and financial troubles following its scuttled merger with JetBlue Airways Corp. The airline filed for Chapter 11 in New York listing assets and liabilities of between US$1 billion and US$10 billion, according to a court document. Spirit has been in negotiations with its creditors since a federal judge blocked that US$3.8 billion

Read More
November 15, 20240 Comments

UK snow and ice warnings issued as Arctic air sweeps in

Northerly winds will bring frequent showers to northern Scotland, probably falling as sleet and rain near to coastal areas. The hills of northern Scotland will see regular snow showers with 5-10cm (2-4in) building up over hills and a few centimetres in some lower areas by Monday, with the potential for some localised disruption where it settles. The ground in November is not as cold as it would be in midwinter

Read More
November 12, 20240 Comments

COMAC says Air China is the first customer for C929 widebody jet By Reuters

ZHUHAI, China (Reuters) -COMAC said on Tuesday that Air China (OTC:) was the first customer for the Chinese planemaker’s C929 widebody aircraft under development that is designed to compete with twin-aisle models from Airbus and Boeing (NYSE:). COMAC’s deputy director of marketing, Liu Yan, made the announcement at China’s biggest air show in Zhuhai. Liu did not disclose the number of aircraft that Beijing-based Air China would purchase or planned

Read More
November 8, 20240 Comments

Moody: Capital gains hike up in the air, but you have to prepare

Breadcrumb Trail Links Personal Finance Taxes Kim Moody: There is a chance the new rules won’t be passed into law, but it’s small Published Nov 05, 2024  •  Last updated 2 days ago  •  5 minute read You can save this article by registering for free here. Or sign-in if you have an account. Prime Minister Justin Trudeau, right, and Conservative Leader Pierre Poilievre. There is a chance the government will

Read More
November 8, 20240 Comments

Allegiant Air pilots vote to authorize strike action, union says By Reuters

(Reuters) – Allegiant Air’s pilots have voted in favor of authorizing a strike action if the carrier fails to reach a fair agreement, the Teamsters union said on Thursday. The union, which represents 1,300 pilots of the low-cost U.S. carrier, said 97.4% of the Allegiant Air pilots voted for authorizing a strike. “Allegiant pilots are some of the most overworked and underpaid in the airline industry,” the union said in

Read More