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News Breaks | | | | February 28, 2013 | | 11:17 EDT |  | RJET, AAMRQ, LCC | Republic Airways CEO sees AMR deal to be modified after creditor push-back
On its Q4 earnings conference call, Republic Airways (RJET) CEO Bryan Bedford said that "several" objections were filed in response to the previously announced CPA agreement between Republic and American Airlines (AAMRQ) from various AMR labor groups. Bedford also said "several questions" were raised by AMR's unsecured creditors committee and that Republic will work with American to respond to those concerns. The CEO said he expects the agreement as was initially negotiated will be modified to address the concerns, including the removal of six used aircraft. The motion to approve the revised CPA is now expected to be heard on March 12, Bedford noted. Bedford also updated the sale process for Frontier, being run by Barclays. The CEO noted the company is bound by nondisclosure agreements, but can confirm discussions with "a number of interested parties." The company expects to have a decision on the path forward in the next month or so and would currently expect that if a transaction were to occur it would be closed by the end of Q2. Bedford cautioned he was "not speculating on whether or not we will receive any acceptable offers." | |
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News For RJET;AAMRQ;LCC From The Last 14 Days Check below for free stories on RJET;AAMRQ;LCC the last two weeks. |
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| May 17, 2013 | | 05:59 EDT |  | LCC | Stocks with implied volatility movement; FXI LCC
Stocks with implied volatility movement; iShares Trust FTSE/Xinhua China 25 Fund (FXI), US Airways (LCC) according to IVolatility. | | | May 16, 2013 | | 08:28 EDT |  | AAMRQ | EU to decide on Delta, Virgin deal next month, Reuters reports
EU antitrust regulators will decide by June 20 whether to clear a bid by Delta Air Lines for a 49% stake in Virgin Atlantic, reports Reuters. Reference Link | | | May 15, 2013 | | 17:03 EDT | | LCC | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). | | | May 14, 2013 | | 07:17 EDT |  | LCC | BofA/Merrill to host a conference
 Subscribe for More Information | | | May 10, 2013 | | 06:47 EDT | | AAMRQ, LCC | Delta says airlines have new priorities, NY Times reports
Delta Air Lines' bright, spacious new terminal at New York's Kennedy Airport reflects airlines' new emphasis on better amenities and service, Delta stated, according to the New York Times. The airlines, whose finances have improved, are no longer competing primarily based on price, the newspaper stated. Reference Link | |
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