Posts tagged "activist-investors"
Punta Gorda Airport just opened six new gates in a $44 million Bailey Terminal expansion, after passenger traffic jumped 18.5% in a single year to a record 2.28 million — nearly all of it flying Allegiant.
Carl Icahn sold 8.13 million JetBlue shares in four trading days, cutting his stake below 5% and forcing his two board picks to resign immediately — closing out a two-and-a-half-year activist campaign that began with a 9.91% stake and a collapsed Spirit merger.
Vizag's old airport lost its own three-letter code on August 17, as commercial flights shifted to the new Alluri Sitarama Raju International Airport at Bhogapuram — a 6-million-passenger greenfield built to scale to 40 million.
The FAA is ordering repetitive inspections of the pilot cyclic stick tube on Bell 407 helicopters after a tube fractured in service — a part the pilot's control stick pivots on, whose failure could mean loss of control in flight.
American Airlines is building a 17,400-square-foot Admirals Club at Nashville's new Concourse A — nearly triple its current lounge — funded partly by a $12.6 million loan from the airport authority itself.
The US State Department cleared a $4.5 billion sale of up to four Boeing KC-46A tankers to Qatar on August 20, 2026 — a deal that would give the Qatar Emiri Air Force its first aerial refueling fleet, over Israel's long-standing defense export embargo on the Gulf state.
Memphis is getting its first lounge open to every traveler regardless of airline, credit card, or status — a $2.9 million, 12-year bet that pay-per-visit comfort can work in a mid-size hub.
Istanbul Airport has secured temporary acceptance on a new 2,820-meter east-west runway, its fourth, with entry into service targeted for the fourth quarter of 2026 as the world's busiest airport pushes toward 120 million annual passengers.
A new FAA directive orders inspections of 471 US-registered 737 MAX jets — and 1,429 worldwide — for a fuselage crack that has never actually been found on a MAX. Here's why regulators aren't waiting for one.
A two-month pilot on the Chennai-Delhi-Frankfurt route slashed cargo connection times from up to 48 hours to as little as 5, doubling daily volumes — and Air India is now expanding the model to five Indian cities and three European hubs.
United Airlines will launch nonstop service to 10 new international cities in 2027, including eight destinations no other US carrier serves, in what it calls the biggest international expansion in its history.
Australia's federal government has signed off on Sydney Airport's Master Plan 2045, clearing the way for a $70 billion economic footprint and two rebuilt terminals — all while keeping the same runways, curfew and flight cap.