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18.04.26 - 20:06
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American Airlines Shuts Down United Merger Talk As Wells Fargo Signals Another Possible Tie-Up (ZeroHedge)
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American Airlines Shuts Down United Merger Talk As Wells Fargo Signals Another Possible Tie-Up
Certainly this past week saw several key stories in the aviation world.
First came the story that Spirit Airlines could be liquidated at any moment, only to be followed later in the week by reports that the budget carrier had asked the Trump administration for an emergency bailout.
Then, of course, came the reopening of the Strait of Hormuz late in the week, which sent jet fuel prices in New York sharply lower and airline stocks soaring...
It now appears that American Airlines has rejected United Airlines CEO Scott Kirby's idea to merge the two carriers. Kirby recently pitched President Trump on the tie-up.
American told The New York Times in a statement that it was "not engaged with or interested" in the merger idea pitched by CEO Kirby.
"While changes in the broader airline marketplace may be necessary, a combination with United would be negative for competition and for consumers, a...
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18.04.26 - 16:45
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"Looking For Lifeline": Spirit Airlines Asks Trump Admin For Emergency Bailout (ZeroHedge)
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"Looking For Lifeline": Spirit Airlines Asks Trump Admin For Emergency Bailout
Bankrupt Spirit Airlines appears to be flying on fumes, with a late Friday report indicating the budget carrier has become so desperate for cash that it has approached the Trump administration for an emergency bailout, even as creditors mull pulling the plug at any moment.
Aviation news website The Air Current reports that Spirit has asked the Trump administration for "hundreds of millions of dollars in emergency funding" to offset the surge in jet fuel costs that have pushed the carrier even closer to "possible liquidation." The report was based on multiple accounts from individuals familiar with the situation.
In a separate report, CBS News also confirmed through its sources that "Spirit is looking for a lifeline" and that creditors are questioning whether the airline can meet future multimillion-dollar debt payments due to surging jet fuel costs.
The airline had been aiming...
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18.04.26 - 08:16
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Transportbranche rechnet mit Anstieg der Insolvenzen (DPA-AFX)
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FRANKFURT (dpa-AFX) - Die Transportbranche in Deutschland erwartet eine weitere Zunahme bei den Insolvenzen. "Bei den derzeitigen Rahmenbedingungen werden die Insolvenzen weiter steigen", sagte Dirk Engelhardt, Chef des Bundesverbands Güterkraftverkehr ......
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