The fractional aircraft ownership industry is continuing to reshape with the decision by Bombardier to sell its Flexjet activities to Flight Options parent Directional Aviation Capital in a deal that comes with a new order for up to 245 Bombardier business aircraft valued at $5.2 billion. The sale, subject to regulatory approvals and other conditions, …
Jean-Marc Eustache isn’t seeing red yet.The president and chief executive officer of tour operator Transat A.T. Inc. has a deep-pocketed new threat to watch out for: Air Canada’s low-cost carrier, Rouge.So far, though, Rouge’s arrival doesn’t appear to have done much damage to Montreal-based Transat’s performance. The summer of 2013 looks to have been an …
Earlier this week, United Continental NYSE:UAL experienced a computer glitch that allowed customers to mistakenly book cross-country flights for less than $10, leading onlookers, as well as those customers who were able to purchase ultra low-price tickets, to wonder whether United would end up honoring the bookings. But Bloomberg reports that United has now decided …
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