By Reuters Staff
3 Min Read
HADERA/HAIFA, Israel (Reuters) - The skies above the Israeli town of Hadera were abuzz with delivery drones on Wednesday as national authorities tested a central control room for safely coordinating the small pilotless aircraft with each other as well as with planes and helicopters.
The popularity of the cheap, low-flying drones, and their potential for ferrying anything from pizzas to prescription drugs between businesses and homes, has stirred fears of mid-air collisions or crashes that could cause casualties on the ground.
“This is an opportunity for the regulators to learn what is needed to establish delivery drones as a daily reality, and for the drone operators to learn what is expected of them in turn,” said Hagit Lidor of the Israel Innovation Authority, one of several state agencies involved in the test.
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(Reuters) - U.S. budget carrier Sun Country Airlines Holdings Inc plans to expand its fleet, staff and network this year after Wednesday’s successful stock market debut, Chief Executive Jude Bricker told Reuters.
Sun Country, backed by private-equity firm Apollo Global Management Inc, raised $218.2 million in its initial public offering and shares closed 51.6% higher at $36.38 on their first day on the Nasdaq.
The debut comes as U.S. airlines begin to emerge from a pandemic-driven crisis that has opened doors for carriers like Sun Country catering to domestic leisure travel, which is rebounding quicker than business and international travel, particularly as more people receive COVID-19 vaccines.
By Reuters Staff
2 Min Read
(Reuters) - Sun Country Airlines Holdings Inc, flush with cash after a successful stock market debut on Wednesday, could use the funds to accelerate the purchase of used jets and fuel its growth strategy over the next year, Chief Executive Jude Bricker told Reuters.
The U.S. low-cost carrier backed by private-equity firm Apollo Global Management Inc raised $218.2 million in its initial public offering and shares jumped around 44% in afternoon trading on the Nasdaq.
The debut comes as U.S. airlines begin to emerge from a pandemic-driven crisis that has created opportunities in the used jet market after airlines around the globe reduced their fleets or filed for bankruptcy.
By Reuters Staff
2 Min Read
DUBAI (Reuters) - Abu Dhabi’s Etihad Airways is still targeting a return to profit in 2023, despite a more than doubling in core operating losses last year, after accelerating its restructuring during the pandemic.
FILE PHOTO: A model Etihad Airways plane is seen on stage in New York, U.S. November 13, 2014. REUTERS/Lucas Jackson
The state carrier, which started a five-year turnaround plan three years ago, said on Thursday it had shed 33% of its workforce, reducing it to 13,587.
Etihad, which grounded most of its fleet between March and June, posted a core operating loss of $1.7 billion for 2020.
Abu Dhabi's Etihad Airways is still targeting a return to profit in 2023, despite a more than doubling in core operating losses last year, after accelerating its restructuring during the pandemic.