Under the agreement, which was closed today, the Government of Greenland will pay DKK277 million in cash for SAS’ 37.5% shareholding in the Greenland based airline group. The transaction price is slightly above the book value, resulting in a marginal capital gain for SAS. SAS would like to...
brutality, and blatant disregard for human life. The Department of Commerce, along with the entire Biden-Harris Administration, have taken swift and unprecedented action to ensure that Russia, and its enablers, pay a price for their actions,” said Deputy Secretary of Commerce Don Graves. “We...
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This outlook includes the contribution from numerous new or enhanced long-term customer contracts, as well as higher pilot costs from our new CBA. We also expect second-quarter results to continue to be impacted by premium pay for pilots operating in certain locations significantly impacted by CO...
Net earnings from continuing operations increased 27.6% to $8.5 million, or $0.13 per fully diluted share. Net earnings include a non-cash federal income tax provision. The company does not expect to pay significant federal income taxes until 2015. ...
Piedmont Airlines, a wholly owned subsidiary of the American Airlines Group Inc. (AAL), will pay a $15,000 signing bonus to all new hire pilots, effective immediately. Piedmont employees will also collect $5,000 for every pilot they refer to the airlines. ...
President and CEO of Encompass Aviation. “Surf has failed to honor its obligations under its agreements with Encompass and we have been significantly damaged as a result, both by Surf’s repeated failure to pay for services rendered and by its blatantly improper attempt to walk away from our ...
Pay increases will be effective in October, with the remaining terms and conditions to be implemented in the coming months in collaboration with the union. Once the new terms, conditions and timing of implementation are fully assessed, the company will provide an updated outlook. ...
Air Zimbabwe (Harare) still has hopes of flying again. According to this report by The Zimbabwe Mail the flag carrier is now considering leasing airliners from Embraer. The fallen airline reportedly owes its workers close to $40 million in back pay which leads to question; who would fly the...