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JetBlue | June 17, 2020
An internal JetBlue Airways memo obtained by Business Insider details a plan for the airline to begin laying off workers on Oct. 1, 2020, and outsourcing some positions at smaller airports. The Oct. 1 date is key, not only for JetBlue but all U.S. carriers – it’s the day when airlines become unshackled from the provisions of accepting government grants and loans as part of the CARES Act stimulus package. The government stipulated that airlines who accepted the money must keep staffin...
Gogo | September 01, 2020
Gogo Inc. (NASDAQ: GOGO) ("Gogo") today announced it has entered into a definitive agreement to sell its Commercial Aviation (CA) business to Intelsat S.A. (OTC: INTEQ) ("Intelsat") for $400 million in cash, subject to customary adjustments. The Gogo Board of Directors has approved the transaction. Intelsat expects to finance the transaction utilizing cash on hand and borrowings under its $1 billion debtor-in-possession credit facility and has obtained support from key econom...
International Airport Review | February 28, 2020
ACI World has announced a new partnership with the Civil Air Navigation Services Organisation (CANSO) in order to deliver guidance material for airports working to reduce aviation noise and emissions, titled ‘Use of Performance Based Navigation (PBN) For Noise Management’. In collaboration with aviation industry partners, ACI and CANSO have worked to identify opportunities that enable airports to enhance operational efficiency and capacity whilst maintaining the highest level of safe...
DEFENSE AND SPACE
Spirit AeroSystems Inc. | October 18, 2021
Spirit AeroSystems Holdings, Inc. [NYSE: SPR] held a grand opening event and ribbon cutting ceremony for its National Defense Prototype Center (NDPC), a joint project with Wichita State University’s National Institute for Aviation Research (NIAR). This new research center will significantly expand Spirit’s capabilities and production efficiencies in the defense and space market.
NIAR has been a tremendous partner in the development of the National Defense...
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