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Stock Market & Financial Investment News

News Breaks
June 23, 2014
10:28 EDTGOL, AFLYYGol Linhas says Air France-KLM buys 4.2M preferred shares of company
GOL Linhas Aereas Inteligentes S.A. (GOL) hereby informs to its shareholders and to the public that Air France KLM S.A. (AFLYY)), through one of its affiliates, invested on June 20, R$116.4M in the company, to subscribe and pay for 4,246,620 preferred shares of the company in the context of the capital increase approved by the Board of Directors Meeting of May 28, and informed in the Notice to the Shareholders of May 29. In addition to that, Air France KLM contributed the amount of $33M to VRG Linhas Aereas S.A., a subsidiary of the company, on June 20, as part of the total contribution of $48M related to the commercial cooperation between the company and Air France KLM.
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September 18, 2014
06:33 EDTAFLYYAir France pilots continue strike which started September 15, Reuters says
Air France pilots have maintained their stance in a disagreement regarding cost reductions by continuing their strike, which originally started four days ago, according to Reuters, citing comments from Air France CEO Alexandre de Juniac. The airline has been forced to cancel close to 60% of its flights due to the demonstration. Juniac said, "I am asking the pilots: come on board with us. Negotiations are not over, we are starting again this." Reference Link
September 17, 2014
06:47 EDTAFLYYFrench Prime Minister asks for Air France strike to cease, Reuters says
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September 15, 2014
06:25 EDTAFLYYAir France pilots commence one-week strike, Reuters says
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September 11, 2014
06:35 EDTAFLYYAir France-KLM comments on medium-financial targets to 2017
Air France-KLM said it would target EBITDAR up by 8%-10% per year between 2013 and 2017 as part of a turnaround plan aimed at focusing on long-haul operations and restructuring. The company is also targeting an adjusted net debt/EBITDAR ratio of below 2.5 from 2017. The targets are consistent with a ROCE of 9%-11% in 2017. The group will continue to restructure its point-to-point operations, aiming at a return to operating breakeven by 2017. From a financial perspective, Air France-KLM plans to pursue the reduction in its unit costs and selective capex management while adopting a disciplined approach to growth opportunities.
September 4, 2014
09:30 EDTGOLGOL Linhas upgraded to Overweight from Equal Weight at Morgan Stanley
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