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Fintech Focus For July 6, 2020
Tuesday, July 7, 2020 - 10:02am | 1835Daily Perspective: More debt, more liquidity, more asset reflation. - JPMorgan Fintech Movers: Software services and online education have grown as new unicorn candidates while fintech and branded e-commerce take a back seat in the 2020 crop of new unicorns. - Crunchbase Cora preps SME products....
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All The Bad News From Airlines This Week: 'Travel Demand Is Essentially Zero'
Tuesday, May 5, 2020 - 1:33pm | 851As malls, restaurants and other beleaguered businesses hold out hope for economic revival, airlines continue to take a beating. Industry shares tumbled Monday after Warren Buffett said he sold his stakes in American Airlines Group Inc (NASDAQ: AAL), Delta Air Lines, Inc. (NYSE: DAL), Southwest...
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The Black Cloud Is Over Europe And Its Airlines
Tuesday, March 17, 2020 - 11:46am | 1201It's official, the EU is on lockdown as of noon (Central European Standard Time) as the World Health Organization has declared a global pandemic of COVID-19 and Europe as its new epicenter. This literally means no one enters nor gets to leave the Union for at least 20 days in an effort to...
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Virgin Atlantic Linkage With Delta, Air France-KLM Adds Cargo Capacity, Convenience
Tuesday, February 4, 2020 - 10:14am | 748The new trilateral strategic partnership among Virgin Atlantic, Delta Airlines (NYSE: DAL) and Air France-KLM is expected to benefit cargo customers by making it easier to do business, providing more delivery choices and improving operational efficiencies. The trans-Atlantic joint venture became...
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What Air France-KLM's Bid For Malaysian Airlines Stake Could Mean For Delta
Tuesday, January 21, 2020 - 11:30am | 468Delta Air Lines, Inc. (NYSE: DAL) traded down 1.8% Tuesday shortly after its global affiliates announced a bid for an embattled airline. In an early round of bidding against other international airlines, Air France-KLM proposed to buy a 49% stake in Malaysia Airlines. Its pitch outlined plans for a...
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Air France-KLM Announces Five-Year Restructuring Plan
Monday, November 11, 2019 - 12:28pm | 504Air France-KLM Group has embarked on an ambitious five-year plan aimed at reinventing itself to regain a leadership position among European airlines. The initiative, announced at a November 5 investor presentation, includes maximizing the role of air cargo in generating revenue. Air France-KLM...
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Aigle Azur Flies Into History Books
Monday, September 30, 2019 - 2:38pm | 732Aigle Azur, France's second-largest airline behind flag carrier Air France, has become the latest casualty of strengthening fuel prices and cut-throat competition, entering liquidation on Sept. 27 after two rounds of bidding were unsuccessful. The now-downed carrier also had embarked on an...
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Air France-KLM And Kuehne + Nagel Create Direct Connection
Friday, August 30, 2019 - 2:17pm | 260Air France-KLM Martinair Cargo and logistics giant Kuehne + Nagel have taken steps to fully integrate their electronic booking processes. In a recently concluded exercise, the two companies enabled total host-to-host connection through an application programming interface (API), allowing for a...
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Air France KLM Cargo First Airline To Ramp Up System For Digital Acceptance Of Dangerous Goods
Wednesday, March 13, 2019 - 6:10pm | 362Air France KLM Cargo said today it is the first airline to adopt the International Air Transport Association's (IATA) new "AutoCheck" digital system for accepting shipments of dangerous goods transported by air. According to the cargo unit of the French-Dutch airline group, the...
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Software Glitch Paralyzes Airport Check-Ins
Thursday, September 28, 2017 - 8:34am | 249Airlines worldwide saw congestion at the check-in counters Thursday after a software crash hampered passenger and luggage registration. The global system of Amadeus IT Group, which supports bookings and other operations for 125 airlines, suffered a temporary network failure that prevented both...
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#PreMarket Primer: Monday, September 22: Scotland Seeks To Repair Divide Following Referendum
Monday, September 22, 2014 - 7:29am | 912Over the weekend, a rally in Scotland designed to bridge the gap between separatists and unionists took a turn for the worse when the two sides began to argue, resulting in 11 arrests. The final vote, a close 55 percent to 45 percent, has divided the nation and left separatists with a bitter...