The results of the union vote are in, and the rank and file have rejected Boeing’s latest offer by a 64% negative vote. This rejection means that the strike will continue and likely result in continued federal mediation between Boeing…
[UPDATE] – The Airbus deal is, apparently, back on. Here’s the source of this news. The numbers are odd—two A350-900s for $1bn? The negative cash flow in the deal is not surprising. This news follows earlier reports Biman was looking…
The battle for Spirit Airlines continues. Today, the Spirit Board of Directors has urged stockholders to reject the latest tender offer that JetBlue made on Monday. Spirit is even accusing its rival of making inaccurate statements. Spirit Board once again rejects…
CORRECTION – Spirit Airlines has rejected an enhanced proposal from JetBlue to take over the ultra-low-cost airline. The Spirit Board of Directors isn’t convinced that the original offer JetBlue made on April 5 nor an updated one on April 29…