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Spirit | July 17, 2020
The brief bout of recovery recently witnessed in air travel demand while social lockdowns were being lifted and travel restrictions eased seems to have stalled once again amid the rising tide of new COVID-19 cases in the U.S., particularly in western and southern parts of the country. Although Americans are eager for an escape after months of stay-at-home orders and tempted to take advantage of the summer months when they typically vacation, the virus’ strong resurgence and uncontrolled co...
Boeing | August 21, 2020
Boeing is reportedly testing out a handheld wand in the fight against coronavirus. The aircraft manufacturer said on Friday that its UV emitting device could be a valuable addition to the cabin sanitization process. As well as sanitizing the passenger cabin, Boeing is hoping it can be used to disinfect surfaces and controls on the flight deck....
Platinum Equity | August 19, 2021
Platinum Equity announced today it has completed the acquisition of Unical Aviation Inc. and certain of the company's affiliates ("Unical"), a leading provider of aircraft parts and components to the global commercial aerospace market, from affiliates of the company's founders.
The acquisition includes Unical Aviation, Unical MRO, Unical 145 and Unical Aero. Unical Defense Inc., an affiliate that serves government defense contracts, is not included in the sale to...
Delta | April 23, 2020
Delta and United have reported their first quarterly losses in more than five years. Their competitors are also expected to release dismal results in the coming weeks. The next few months look even more painful for the sector as the coronavirus pandemic saps air travel demand during what is normally the most lucrative time of year.
Air travel has dropped by more than 95% as the Covid-19 pandemic spreads around the U.S. Now, states hard-hit by the pandemic like New York are extendi...
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