Spirit delays shareholder vote on merger hours before meeting to continue deal talks with Frontier, JetBlue

A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines on Wednesday delayed shareholder vote on its proposed merger with Frontier Airlines until July 8, hours before a meeting scheduled for Thursday so it can further discuss options with Frontier and rival suitor JetBlue Airways. It is the second time Spirit has delayed a vote on its planned combination with Frontier and extends the most contentious bidding war of a U.S. airline…

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Delta offers free flight changes over July Fourth weekend ahead of possible ‘operational challenges’

An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines is allowing travelers to change their tickets for free during the busy Fourth of July weekend, allowing fliers to avoid paying a fare difference and skip the airport during a “potentially challenging” few days. The unusual offer, normally extended for bad weather and limited to certain airports, comes as Delta and other airlines gear up for what could be the busiest travel period since before the Covid pandemic and scramble to keep a lid…

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Congested Port of Oakland slashing free wait time for import containers

In an aerial view, shipping containers sit on the dock at the Port of Oakland on May 20, 2022 in Oakland, California. Justin Sullivan | Getty Images The Port of Oakland has had enough of the long-dwelling import containers clogging its ports. On July 1, Oakland is reducing the tariff-free time from seven days to four days to reduce congestion on its marine terminal, and may raise penalties for containers that sit for too long. “We think the (demurrage) rates need to be higher to encourage cargo owners to move…

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Fight for Spirit Airlines goes down to the wire with competing bids from Frontier and JetBlue

A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The most heated airline battle in recent years comes to a head on Thursday when Spirit Airlines‘ shareholders vote on a proposed tie-up with fellow discount carrier Frontier Airlines while rival suitor JetBlue Airways circles with increasingly sweetened takeover bids. Spirit has repeatedly rebuffed sweetened, all-cash bids from JetBlue, arguing that such a takeover wouldn’t pass muster with regulators, and has stuck…

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Transport And Small Online Businesses Get Relief From GST Council

The Goods and Services Tax (GST) council on Wednesday gave some relief to the transport sector as it slashed GST on ropeways, on renting of goods carriage including fuel cost and exempting the foreign component of the tour package from GST. All of this is likely to make transportation of goods cheaper. The Council has recommended that GST on transportation of goods and passengers by ropeways be reduced from 18 per cent to 5 per cent with Input Tax Credit of services. The move will come as a relief for…

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New car quality declined sharply this year with supply chain problems, says J.D. Power

Billboards at the Ziegler Cadillac, Buick and GMC Dealership in Lincolnwood, Illinois, the United States. U.S. General Motors Co. Joel Lerner | Xinhua News Agency | Getty Images New vehicle quality declined by 11% this year amid parts shortages, shipping snarls and global trade disruptions, according to J.D. Power’s 2022 Initial Quality Study. Buick, Dodge and Chevrolet topped the list while Volvo, Chrysler and Polestar landed in the bottom three. The 2022 Initial Quality Study found four times as many new models were worse than their segment averages. “I knew…

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NASA begins return to the moon with low-cost CAPSTONE mission, launched by Rocket Lab

The company’s Electron rocket carrying the CAPSTONE mission lifts off from New Zealand on June 28, 2022. Rocket Lab Rocket Lab launched a small spacecraft bound for the moon from its New Zealand facility early Tuesday, a mission that represents firsts for both the company and the National Aeronautics and Space Administration. The company’s Electron rocket carried a special version of its Photon satellite platform, which is carrying a 55-pound, microwave oven-sized spacecraft called CAPSTONE. “Perfect Electron launch!” Rocket Lab CEO Peter Beck tweeted Tuesday. CAPSTONE, an acronym for “Cislunar…

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JetBlue ups offer for Spirit Airlines as shareholder vote on Frontier bid approaches

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC JetBlue Airways again increased its offer for Spirit Airlines as a shareholder vote for the discounter’s deal to merge with Frontier Airlines is just days away. Frontier sweetened its offer on Friday and Spirit’s CEO told CNBC then that Spirit’s board still found that to be a superior bid. JetBlue’s new offer raises the reverse break-up fee to $400 million from $350 million and includes a dividend to Spirit shareholders of $2.50 a…

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American Airlines’ regional carrier offers pilots triple pay to pick up trips in July

American Airlines Embraer ERJ-145 regional jet aircraft as seen on final approach landing at New York JFK international airport in NY, on February 13, 2020. Nicolas Economou | Nurphoto | Getty Images American Airlines‘ regional carrier Envoy Air is offering pilots triple pay to pick up trips for most of next month in the latest effort to stop flight disruptions during the peak summer travel season. “Super critical coverage has been declared for” July 2 to 31 for all bases, according to a note sent to Envoy pilots on Monday…

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Frontier sweetens offer for Spirit Airlines merger as shareholder vote looms

A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Frontier Airlines sweetened its offer to combine with fellow budget carrier Spirit Airlines, that airline said late Friday, less than a week before Spirit shareholders are set to vote on the deal. The new offer, $2 per share more than Frontier’s original cash-and-stock bid, comes after JetBlue Airways repeatedly upped its offer to buy Spirit outright, an an all-cash deal. Shares of…

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