JetBlue Airways has announced that it would purchase Spirit Airlines, thus making the combination America’s fifth-largest airline. The announcement comes after Spirit pulled the plug on a deal to merge with Frontier. JetBlue had been pursuing a hostile bid for Spirit even while Spirit sought shareholder approval for a lower-priced deal with Frontier. The announcement comes after Spirit pulled the […]
U.S. Secretary of State Mike Pompeo’s trip to Suriname and Guyana marked the first visit to the two South American countries by a top U.S. official in that post. On his trip, Pompeo touted a partner relationship with U.S. firms and warned both countries of the danger posed by China given the discovery of oil in the region. Meeting Suriname’s […]
The Organization of the Petroleum Exporting Countries (OPEC) and allied nations have agreed to extend production cut of nearly 10 million barrels of oil a day through the end of July. The intergovernmental Organization is seeking to boost energy prices hard-hit by the pandemic. Ministers of the body and outside nations like Russia met via video conference to adopt the […]
Delta Air Lines has completed its purchase of a 20% stake in LATAM, culminating in an aviation 2019 deal. LATAM is a member of Oneworld and an associate of Delta’s arch-rival, American Airlines. The deal is putting that relationship in jeopardy. The Delta/LATAM deal was part of a wider strategy by Delta Air Lines to make equity investments in key […]
