Barcelo Hotels & Resorts announced that a multi-million dollar renovation is underway at the Barcelo Bavaro Beach Resort located in Punta Cana in the Dominican Republic.
Vueling Airlines has been advised of the purchase, by its Chief Executive Officer, Mr. Lars Nygaard, of 5,582 Vueling shares at an average price of €4.56 per share. Mr. Nygaard’s stake stands at 223,857 shares, which represents 1.5 percent of Vueling’s capital.
Carnival Corp. reported net income of $1.3 billion, or $1.65 earnings per share, on revenues of $4.8 billion for its third quarter ended Aug. 31. That compares to net income of $1.4 billion, or $1.67 diluted earnings per share, on revenues of $4.3 billion for the same period last year.
Northwest and Delta stockholders have overwhelmingly approved a proposed $17 billion merger of the airlines.
GE Aviation and Iberia have signed a memorandum of understanding (MOU) for Iberia to become the preferred regional fulfillment center for the maintenance, repair and overhaul of CFM56-5A engines within Europe, Africa and the Middle East.
Argentina’s nationalization of a struggling, Spanish-owned airline brings costly responsibilities that could drain public resources and force fare hikes unless oil prices fall, analysts said Friday.