Friday , June 18 2021

Republic pilots expect new contract to survive bankruptcy

Indianapolis / Bloomberg Republic Airways Holdings Inc. doesn’t plan to cut aviators’ jobs or seek to throw out their four-month-old contract in bankruptcy court, according to the pilots union. A potential bankruptcy filing had been part of monthly discussions between leaders of Republic’s pilots union and airline executives, the International ...

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Berkshire gain climbs 32 percent ladder, marking record year

Bloomberg Berkshire Hathaway Inc., the conglomerate controlled by billionaire Warren Buffett, said fourth-quarter profit climbed 32 percent on investments and earnings from the company’s expanding stable of operating businesses. Net income rose to $5.48 billion, or $3,333 a share, from $4.16 billion, or $2,529, a year earlier, the company said ...

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Canada should boost foreign investment in airlines, panel says

Ottawa / Bloomberg Canada should increase foreign-ownership limits on airlines and allow private investment in airports to enhance competition in the country’s transportation industry, according to a government-funded study. Institutional and private-equity investors should also be allowed to buy stakes in the country’s marine ports, according to the Canada Transportation ...

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