THURSDAY MAY 02, 2024
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Tag: government
NEWS Jan 16, 2024 Federal Judge Blocks $3.8B Acquisition of Spirit Airlines, Stock Plummets 61% A Federal Judge blocked the acquisition of Spirit Airlines by JetBlue, a merger that would have produced the fifth-largest airline in the United States. The ruling by District Judge William Young from Boston cited antitrust laws, saying the merger "does violence to the core principle of antitrust law: to protect the United States' markets -- and its market participants -- from anticompetitive harm." Read More →
NEWS Jan 11, 2024 American Airlines Flight Diverts After Passenger Punches Flight Attendant, Assaults Police Officers On January 3, an unruly passenger forced an American Airlines flight from Dallas/Fort Worth International Airport (DFW) to Bozeman Yellowstone International Airport (BZN) in Montana to divert to Amarillo, Texas. The flight crew declared a Level 2 threat after reports that a man physically attacked a flight attendant. This incident forced American Airlines flight 1497 (AA 1497), which operates daily using a Boeing 737-800 aircraft, to land at Rick Husband Amarillo International Airport (AMA) at 2:20 p.m. local time. Read More →
NEWS Dec 22, 2023 Texas Governor Flies 120 Migrants to Chicago to Protest Federal Immigration Policies Texas Governor Greg Abbott has made a controversial move by flying migrants to Democratic-led "sanctuary cities" in protest of the Biden administration's handling of the border crisis. The first flight, carrying over 120 migrants, landed at Chicago's O'Hare International Airport (ORD) on December 19. This came just a week after the Chicago City Council passed new regulations for receiving buses transporting migrants, prompting accusations that the flights were a direct retaliation by Governor Abbott.  Read More →
NEWS Dec 18, 2023 Southwest Airlines Fined Record $140 Million Over 2022 Holiday Meltdown Southwest Airlines became the subject of much controversy during the 2022 holiday travel season, when an operational meltdown in December 2022 canceled thousands of flights and stranded more than two million passengers across Southwest's network. On December 18, the United States Department of Transportation (USDOT) issued Southwest a $140 million fine in response to its cancellation of around 17,000 flights last year. Read More →
INFORMATIONAL Dec 06, 2023 Can People Own Airports? A Comprehensive Guide to Airport Ownership It may come as a random thought or something you've actively thought about. Regarding airlines, you may be aware that specific governments or firms could own these. But what about airports? The "Who owns airports?" issue is not much different from airlines. Therefore, this article will analyze the various companies and government entities that own airports. Read More →
NEWS Dec 03, 2023 Political Candidate George Santos Expelled After Allegedly Spending $40,000 of Campaign Funding on Airfare George Santos has used significant campaign funds to fund his airfare. The spending spans different airlines over a long period of time, and is unlike any spending relative to his contemporaries. We will look deeper into how politicians misuse flights for their own gain through an example involving George Santos. Read More →
NEWS Nov 29, 2023 United and American Take Action Against Chicago O'Hare Airport Expansion United and American Airlines are seeking Mayor Brandon Johnson's intervention to modify O'Hare Airport's expansion plans, which include a new "global terminal" for both domestic and international flights. The project, initially budgeted at $8.7 billion, is now $1.5 billion over budget, prompting the carriers to request a slowdown, scale-back, or potential grounding of the expansion. Read More →
INFORMATIONAL Nov 02, 2023 The Future of JetBlue: Is the Airline in Serious Trouble? With an antitrust lawsuit and worse Q3 & Q4 than anticipated, JetBlue has seen some better days, but will this be the end of JetBlue? JetBlue has recently announced a buyout with Spirit Airlines worth around $3.8 billion. However, this effort may not succeed. Read More →
NEWS Feb 02, 2022 The Indian Rebound: Tata Group Officially Gains Control of Air India In this article, I analyze the history of Air India as well as what led to the recent privatization of the airline, as well as the next steps for the new owners, the Tata Group. Read More →
NEWS Lufthansa To Receive 9 Billion Euros in Government Aid Lufthansa will receive 9 billion euros in government aid, according to sources, amid the global COVID-19 economic crisis. Click to read more. Read More →