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Sullivan Street Partners Completes Acquisition of Red7Marine, Expanding Marine Infrastructure Capabilities

Sullivan Street Partners Completes Acquisition of Red7Marine, Expanding Marine Infrastructure Capabilities

Sullivan Street Partners Completes Acquisition of Red7Marine, Expanding Marine Infrastructure Capabilities
Reuters Reuters
EasyJet lures takeover interest as investors spot a bargain

EasyJet lures takeover interest as investors spot a bargain

By Raechel Thankam Job and Ankita Bora June 2 (Reuters) - British budget airline easyJet has caught the eye of U.S. investment firm Castlelake for a possible takeover.
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Sullivan Street Partners and Ancora Group Acquire Red7Marine to Expand Marine Infrastructure Capabilities

Sullivan Street Partners and Ancora Group Acquire Red7Marine to Expand Marine Infrastructure Capabilities

Sullivan Street Partners and Ancora Group Acquire Red7Marine to Expand Marine Infrastructure Capabilities
Reuters Reuters
Many airlines hit hard by jet fuel price swings, not all can hedge, IATA says

Many airlines hit hard by jet fuel price swings, not all can hedge, IATA says

By Robert Harvey LONDON, June 3 (Reuters) - Many airlines have been hit hard by price swings in the jet fuel market, and some are not in a position to hedge their exposure, the International Air Transport Association's head of fuel said on Wednesday.
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Jazeera Airways Launches New Route to London Luton, Targeting Underserved Markets

Jazeera Airways Launches New Route to London Luton, Targeting Underserved Markets

Jazeera Airways Launches New Route to London Luton, Targeting Underserved Markets
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Sullivan Street Partners and Ancora Group Acquire Red7Marine to Expand Marine Infrastructure

Sullivan Street Partners and Ancora Group Acquire Red7Marine to Expand Marine Infrastructure

Sullivan Street Partners and Ancora Group Acquire Red7Marine to Expand Marine Infrastructure
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Saudia Expands Fleet with 12 New Aircraft to Enhance Capacity

Saudia Expands Fleet with 12 New Aircraft to Enhance Capacity

Saudia, the national airline of Saudi Arabia, has announced plans to expand its fleet by acquiring 12 new aircraft by the end of 2026. This expansion will increase the airline's total fleet to 161 aircraft. The new additions include Airbus A321neos, and the airline recently became the first in the Middle East and Africa to operate the Airbus A321XLR, a new extra-long-range, single-aisle aircraft. Saudia's Group Director General, Ibrahim Al-Omar, emphasized that this expansion is part of a strategic approach to enhance operational readiness and align with Saudi Vision 2030. The airline is also investing in workforce development, training new pilots, cabin crew, and maintenance specialists to support the fleet expansion.
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Swiss A330 Aborts Take-off Due to Engine Failure, Passengers Evacuated

Swiss A330 Aborts Take-off Due to Engine Failure, Passengers Evacuated

A Swiss Airbus A330-300, bound for Zurich, aborted its take-off at New Delhi's runway 28 due to a left-hand engine failure. The incident occurred on April 26, with the aircraft halting its roll at 106kt after receiving take-off clearance. Firefighting personnel addressed fire and smoke on the main landing gear, leading to the evacuation of passengers using seven of the eight slides. Four passengers sustained injuries during the evacuation. The post-flight report identified an initial engine stall fault, followed by rudder trim and air pack faults, culminating in the engine failure. The engine failure was marked by a loud bang and visible flames from the cockpit. Preliminary inquiry revealed the engine's last overhaul was nearly a decade ago, with the powerplant operating for almost 40,000 hours before the failure. Damage was confined to the engine core, but the inability to rotate spools hindered identification of the failure cause during borescope inspection.
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IFF Sells Food Ingredients Division to CVC for $4.3 Billion, Refocuses on Core Business

IFF Sells Food Ingredients Division to CVC for $4.3 Billion, Refocuses on Core Business

IFF Sells Food Ingredients Division to CVC for $4.3 Billion, Refocuses on Core Business
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Private Equity Firm Aliter Capital Rebrands Law Group Following Acquisition, Aiming for National Expansion

Private Equity Firm Aliter Capital Rebrands Law Group Following Acquisition, Aiming for National Expansion

Private Equity Firm Aliter Capital Rebrands Law Group Following Acquisition, Aiming for National Expansion
Reuters Reuters
JetBlue flags higher fuel costs as disruptions from Iran conflict linger

JetBlue flags higher fuel costs as disruptions from Iran conflict linger

June 1 (Reuters) - U.S. carrier JetBlue raised its second-quarter fuel costs forecast on Monday as shipping disruptions in the Strait of Hormuz entered a fourth month, increasing pressure on the global aviation industry due to rising jet fuel prices.
TheStreet TheStreet
Another plane company files for bankruptcy

Another plane company files for bankruptcy

While the prices of jet fuel showed some modest signs of improvement at the start of the month, the difficult situation set off by the U.S.-Israeli strike on Iran has already dealt the final blow to a number of smaller airline companies on top of an already challenging market. The most high-profile ...