Investor Wants Flyi to Resume Regional Role
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The largest shareholder of Flyi Inc., parent of Independence Air, has demanded that the struggling Dulles-based airline abandon its plan to continue as a low-fare carrier and "aggressively" pursue an opportunity to return to its roots as a regional feeder for United Airlines.
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The US Airways pilots' union said it would resume talks with the airline, which is urging its unions to grant $800 million in cuts to save it from a bankruptcy filing.
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The plight of Polish low-cost carrier Air Polonia, which ceased operating on Sunday, is not the only warning that the wave of new capacity launched earlier this year serving the new European Union member states was over-ambitious.
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Stock investors may want to fasten  their seatbelts for the week ahead, when a flurry of  earnings  and economic data will once again be in focus.
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Stock investors may want to fasten their seatbelts this week, when a flurry of earnings and economic data will once again be in focus.
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Stock investors may want to fasten  their seatbelts this week, when a flurry of earnings and  economic data will once again be in focus.
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European aerospace giant EADS is considering selling its stake in French aircraft maker Dassault Aviation, German co-CEO Tom Enders told the Financial Times on Friday, an assertion later challenged by his French counterpart.
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Shares of Flyi Inc., the parent of low-cost carrier Independence Air, soared more than 65 percent in early trading Tuesday after the debt-burdened airline said a creditor agreed to terminate leases on 10 regional jets.
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Business travel specialist Hogg Robinson revives plans to list on the stock exchange, a week after shelving the move.
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The Transportation Security Administration yesterday said it would resume plans to seek bids for a large technology maintenance contract, ending consideration of a proposal to give the work to an Alaska Native Corporation without competition.
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US Airways pilots have asked the airline to resume concession talks, but a union leader said Saturday he didn&#39;t expect it to forestall a bankruptcy filing today.
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The company behind the weekly "Top 20" seeks overseas expansion.
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Flyi Inc., parent of financially troubled low-fare carrier Independence Air, said last night it has reached agreement with a major creditor to return as many as 20 of its 83 regional jets in an effort to avert a bankruptcy filing.
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Regional airline carrier announces $100M stock repurchase.
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S Airways&#39; pilots union said tonight that it would resume talks with the struggling airline, which is urging its unions to grant $800 million in cuts to save it from another bankruptcy filing.
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Six months after launching as a discount carrier, struggling Independence Air has quietly bid to resume flying as United Airlines&#39; regional partner.
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China Aviation Oil Singapore, the Chinese-controlled company that failed last week, said that its chief executive would return to Singapore to help investigators.