Air and Travel NEWS

Lockheed Martin working with Leidos in reverse Morris Trust transaction

Lockheed Martin (LMT) has entered into a definitive agreement to separate and combine its realigned Information Systems and Global Solutions (IS and GS) business segment with Leidos Holdings, Inc. (LDOS) in a tax-efficient … Continue reading “Lockheed Martin working with Leidos in reverse Morris Trust transaction”

Southwest VP/CMO to retire

Southwest Airlines Co. (NYSE: LUV) said that Kevin Krone, Vice President and Chief Marketing Officer will retire from the carrier, effective Feb. 15, 2016. Krone began his Southwest career 25 years ago as … Continue reading “Southwest VP/CMO to retire”

Alderman facilitates Aviation Repair Technologies recapitalization

Alderman and Company client Aviation Repair Technologies, LLC, based in Blytheville, Arkansas, has entered into a series of financial transactions that strengthen the capital structure of the business, including raising equity and reducing … Continue reading “Alderman facilitates Aviation Repair Technologies recapitalization”

Hawaiian Holdings net income up YoY

Hawaiian Holdings, Inc. (NASDAQ: HA), parent company of Hawaiian Airlines, Inc., has reported GAAP net income in the fourth quarter grew to USD37.9 million or USD0.66 per diluted share, a year-over-year increase of … Continue reading “Hawaiian Holdings net income up YoY”

Tempus CEO recognized for work with Global Flight Relief

Tempus Applied Solutions Holdings Inc. CEO Scott Terry was awarded the Harrison Ford Aviation Legacy Award at the 13th annual Living Legends of Aviation Awards in Beverly Hills on Friday, January 22, the … Continue reading “Tempus CEO recognized for work with Global Flight Relief”

United Master Executive Council chooses new chairman

Captain Todd Insler, a 22-year veteran of United Airlines and long-time ALPA volunteer, was elected Chairman of the United Master Executive Council of the Air Line Pilots Association this afternoon, the council said. … Continue reading “United Master Executive Council chooses new chairman”

FedEx approves 25 million share buyback

FedEx Corp. (NYSE: FDX) board of directors has authorized a new share repurchase program of up to 25 million shares of FedEx Corp. common stock, the company said. These shares may be repurchased … Continue reading “FedEx approves 25 million share buyback”

JetBlue adds nonstop service, new connection choices for customers

JetBlue (NASDAQ: JBLU) is expanding its presence in its Boston and Fort Lauderdale-Hollywood focus cities with the addition of two new transcontinental routes, the airline said. Flights between Boston Logan International Airport (BOS) … Continue reading “JetBlue adds nonstop service, new connection choices for customers”

Trippeo launches online flights portal

Trippeo has launched an end-to-end online flight booking portal for its customers, the company said. Trippeo helps businesses dramatically reduce the time, cost, and complexity inherent to managing company travel and expenses by … Continue reading “Trippeo launches online flights portal”

Kalmar Motor to use UQM ground control software

UQM Technologies, Inc. (NYSE MKT: UQM) said that Kalmar Motor AB in Sweden has successfully passed vehicle trials with major airlines and plans on beginning production orders by mid-2016 using the PowerPhase® HD220, … Continue reading “Kalmar Motor to use UQM ground control software”

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