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An increased offer of €9.25 was accepted by the Vueling board on 9 April 2013, and received majority shareholder approval on 23 April 2013. IAG took control of Vueling on 26 April 2013. [26] [27] In December 2012, IAG completed the merger of the cargo operations of British Airways, BMI and Iberia into a single business unit, IAG Cargo. [28] [29]
A low-cost carrier (LCC) or low-cost airline, also called a budget, or discount carrier or airline, is an airline that is operated with an emphasis on minimizing operating costs. It sacrifices certain traditional airline luxuries for cheaper fares. To make up for revenue lost in decreased ticket prices, the airline may charge extra fees, such ...
Boeing said average annual pay for machinists would rise from $75,608 now to $111,155 at the end of the four-year contract. The new offer would not restore a traditional pension plan that Boeing ...
In January 2021, Volotea retired the last of its 19 Boeing 717-200s. [13] It was the last European airline to operate the type. In October 2021, Volotea won the auction for handling the PSOs, for a period of 7 months, to and from the island of Sardinia, organised by the Autonomous Region of Sardinia on behalf of the Italian Government.
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At the conclusion of its sixth rate-setting policy meeting of 2024 on September 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 50 basis points to ...
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