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All News

November 18, 2007

Airline Merger Talks Being Forced By Hedge Funds

Investors Point At Rising Oil Prices

Airlines are rumored to be talking about mergers, but while the music is playing no one has taken a step forward to the dance floor yet. A hedge fund with large stakes in United Airlines parent UAL Corp. and Delta Air Lines Inc., who has a healthy interest in spurring a deal between the two, went public this week with its plan for combining the nation's No. 2 and No. 3 carriers, stating that rising oil prices and competition necessitate combining the two...

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Employees Of Boeing Say Company Spying On Them

Talking To Media Gets Internal Auditor Dumped

Deep in the files of the Boeing Co. there are volumes of proprietary information deemed so valuable that the company has entire teams dedicated to making sure that private knowledge remains that way. One group, dubbed "enterprise" investigators, has permission to read the private e-mails of employees follow them and collect video footage or photos of them.

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India's Jet Airways Opts For Boeing 737

Aviation In India Booming

India's largest domestic carrier by market share plans to act on an option to buy 10 Boeing Co. 737 jet aircraft in a few months according to a New Delhi based airline official. Jet Airways Ltd.  plans to convert an option to buy 10 Boeing Co. soon according to Dow Jones Newswires.

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MCO Going Green

Miller Planning Environmental Aviation Conference In May

Michael Miller, a self-described "nationally known" aviation expert, will launch a new Maitland-based aviation consulting company in the next 30 days called Green Skies Inc. It will focus on helping the aviation industry become more environmentally friendly, according to the Orlando Business Journal. Miller also plans to host what he bills as the first-ever environmental aviation conference in Orlando in May.

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FAA Ponders Changes At NYC Airports To Combat Holiday Issues

Minor Tweaks In Departures and Landings Called For

Officials hoping to ease flight delays in the crush of holiday travel are making changes to takeoff and landing procedures at New York City's airports shortly before Thanksgiving. The Federal Aviation Administration said the changes will take effect this week as part of the Bush administration's vision to battle delays, and congested skies nationwide.

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Vietnam Airlines and VALC Sign For 12 Boeing 787s

Booming Demand Spurs Order Now

Recognizing a possible backorder on aircraft--Vietnam plans to buy a dozen Boeing 787s to meet growing demand for air travel in the booming Southeast Asian country, the Associated Press said Friday. Vietnam Airlines will purchase four of the planes and a new joint venture called Vietnam Aircraft Leasing Co. will purchase eight, company officials announced. They expect to sign the deals soon.

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Gulfstream International Group Inc. Lowers IPO Offering

Wants Proceeds For More Aircraft

Gulfstream International Group Inc., has reduced the expected price range of its initial public offering, according to a Securities and Exchange Commission filing on November 13, 2007. Gulfstream now expects the offering to price between $8 and $10 per share, compared with the previously anticipated range of $11 to $13 per share, said the Associated Press.

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