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Stock Market & Financial Investment News

News Breaks
January 17, 2014
08:03 EDTAAWW, BAIRYAtlas Air, British Airways to pursue new opportunities
Atlas Air (AAWW) said that it intends to pursue new aircraft, crew, maintenance and insurance placement opportunities for three 747-8 Freighter aircraft currently operated for British Airways (BAIRY) by Atlas Air Worldwide’s 49%-owned UK subsidiary, Global Supply Systems. The action follows notice from British Airways, a unit of International Consolidated Airlines, regarding British Airways’ strategic decision to exit dedicated cargo-freighter service and to return the aircraft to GSS in April 2014 pursuant to the terms of the existing ACMI agreement between the parties. Effective with the termination of the agreement, the three 747-8Fs will be redelivered to the company by GSS. Through GSS, the company also will receive contractual early termination fees from British Airways.
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July 14, 2014
06:29 EDTBAIRYBritish Airways owner issues order for 20 A320neo planes, Reuters says
British Airways (BAIRY) owner IAG issued an order for 20 Airbus (EADSY) 320neo jets, an agreement valued at well over $1B at list prices, and which occurred on first day of the Farnborough Airshow, according to Reuters, citing a statement from IAG. Reference Link

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