-
Why Pete Najarian Bought Lockheed Martin's Stock This Week
Friday, May 7, 2021 - 3:23pm | 260Read More...Pete Najarian shared on CNBC's "Fast Money: Halftime Report" Friday that he recently bought Lockheed Martin Corporation (NYSE: LMT) stock. The fundamental story behind the stock led him to buy it, Najarian said. Lockheed Martin's earnings are growing about 20%...
-
French Government Gives $4.7B Infusion To Ailing Air France: What You Need To Know
Tuesday, April 6, 2021 - 12:38pm | 497Read More...Air France, the French flag carrier and a subsidiary of the Air France-KLM Sponsored ADR (OTC: AFLYY), is receiving a $4.7 billion injection from the French government to repair the carrier’s financial health, which has been severely dented during the COVID-19 pandemic. What...
-
Breeze Airways Gets Feds OK For Takeoff
Thursday, March 11, 2021 - 12:43pm | 370Read More...Breeze Airways, the new airline created by JetBlue Airways Corporation (NASDAQ: JBLU) founder David Neeleman, has received final approval from the U.S. Department of Transportation (DOT) to begin operations. What Happened: Neeleman, who also founded Canada’s WestJet Airlines Ltd., Azul...
-
AerCap Holdings Acquires GE Capital Aviation Services: What Investors Need To Know
Wednesday, March 10, 2021 - 10:56am | 462Read More...Ireland’s AerCap Holdings N.V. (NYSE: AER) has acquired GE Capital Aviation Services, a General Electric (NYSE: GE) business, in a transaction involving $24 billion of cash, $1 billion of AerCap notes and/or cash and 1.1 billion newly issued AerCap shares. What Happened: AerCap is an aircraft...
-
United Airlines Flight Suffers Engine Failure, Lands Safely In Denver
Sunday, February 21, 2021 - 11:17am | 395Read More...A United Airlines flight, which was flying from Denver to Honolulu, made an emergency landing at Denver International Airport on Saturday after it experienced a right-engine failure shortly after takeoff, Reuters has reported. What Happened: According to the Federal Aviation Administration,...
-
Boeing 737 Crashes After Takeoff From Indonesian Capital Of Jakarta (Update)
Saturday, January 9, 2021 - 8:29am | 349Read More...A Boeing Co (NYSE: BA) plane that departed from the Indonesian capital of Jakarta crashed shortly after takeoff with 62 people on board. What Happened: The Sriwijaya Air Boeing 737, flight number SJY 182 headed to the Indonesian city of Pontianak, lost contact on Saturday at 2:40 p.m. Western...
-
European Regulator Says Boeing 737 MAX 'Safe To Fly', Will Be Back In Air In January
Sunday, November 22, 2020 - 4:43pm | 305Read More...Europe is expected to give the green light to the Boeing 737 MAX in January. What Happened: The head of the European Union Aviation Safety Agency confirmed on Saturday that the Boeing Co's (NYSE: BA) 737 MAX was ready and "safe" to fly, Reuters reported. Agency head...
-
Write-Downs At General Electric's Aviation Division Are Manageable, Says Bullish Analyst
Monday, June 15, 2020 - 12:56pm | 345Read More...Although General Electric Company’s (NYSE: GE) Capital Aviation Services segment, while not immune to COVID-19 headwinds, has a strong and resilient business model, according to BofA Securities. The General Electric Analyst: BofA’s Andrew Obin maintained a Buy rating on ...
-
Activist Investor Nelson Peltz Says He Is Putting New Capital To Work
Friday, May 15, 2020 - 10:29am | 461Read More...Activist investor and Trian Partners CEO Nelson Peltz told CNBC on Thursday's "Halftime Report" he bought shares of unnamed companies that were "beaten down too much." Peltz's Buying Strategy The activist investor isn't disclosing what specific stocks he has been...
-
GE Aviation Furloughs Half Its Engine Manufacturing Workforce Amid Coronavirus Pandemic
Friday, April 3, 2020 - 4:25am | 416Read More...Thousands of workers in General Electric Company’s (NYSE: GE) aviation subsidiary are impacted as company furloughs half its aircraft engine manufacturing workforce. What Happened The ongoing coronavirus pandemic is hitting the aviation industry hard, as airlines ground planes and delay...
-
Boeing Asks For Minimum Of $60B In Government Aid As Coronavirus Pandemic Hits Aerospace Industry
Wednesday, March 18, 2020 - 3:25am | 399Read More...Boeing Co (NYSE: BA) Is asking for access to public and private liquidity, which includes loan guarantees for the aerospace manufacturing industry. What Happened Calling itself the “number one US exporter,” Boeing made a case for supportive legislation and “appropriate...
-
GE Aviation Leasing Arm Changes CEO
Wednesday, November 6, 2019 - 1:56pm | 184Read More...General Electric Company (NYSE: GE) on Wednesday promoted Greg Conlon to president and CEO of its aviation finance and leasing arm to replace Alec Burger, who will continue as head of GE Capital and serve as chairman of GE Capital Aviation Services. The move comes after months of speculation that...
-
UK Aviation 2050 Consultation Period To End In April
Friday, March 8, 2019 - 5:15pm | 754Read More...The United Kingdom (UK) Government's consultation on the aviation industry, which was launched in December will draw to a close on 11 April with the minister promising that the process will produce concrete policies by 2020. The consultation paper focuses predictably on the passenger side of...
-
Former Navy Secretary Kicks Off Sustainable Aviation Fuels Summit In Seattle
Thursday, March 7, 2019 - 4:52pm | 735Read More...Arguing sustainable aviation fuel is the future, Ray Mabus, the former Secretary of the Navy in the Obama administration, called on businesses and public agencies to step up purchases of aviation biofuels and support high profile demonstration projects that accelerate the transition away from...
-
Boeing Acquires Aviation Software Company ForeFlight
Thursday, March 7, 2019 - 11:50am | 382Read More...Boeing Co (NYSE: BA) acquired aviation software developer ForeFlight, the airplane manufacturer announced today. Terms of the deal were not disclosed. ForeFlight, founded in 2007, has worked with Boeing for the past two years, delivering Jeppesen's navigation and flight planning tools and...
