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Breeze Airways
Breeze Airways is a new low-cost carrier from JetBlue founder David Neeleman.
Its first flight is scheduled for May 27 and new routes will come each week through the end of July.
Breeze hopes to differentiate itself by running underserved routes and offering things other low-cost carriers don t.
Considering that US airlines lost more than $35 billion in 2020 and experts say it will take at least two more years for the industry to fully recover, now doesn t seem like the ideal time to launch a new carrier.
Airline entrepreneur and JetBlue founder David Neeleman is doing it anyway.
Breeze Airways, Neeleman s newest project, promises a focus on cheap fares and direct flights. Tickets are now on sale, with the first flight scheduled for May 27 from Tampa to Charleston to Hartford. New routes will be added each week through the end of July, focusing on the east and midwest.
FNG itself is now also under suspicion. The fashion group, which currently only owns
Ellos, is trying to restart the business, but it is highly uncertain whether they will succeed.
Pulled along
It is no coincidence that FNG announced an unusual general meeting last week: CEO Paul Lembrechts and former chairman of the board Roald Borré have a recovery plan for the fashion group, which will completely clear up the past. The company s structure and articles of association are being amended so that the power of the suspected three founders - still the largest shareholders - is curtailed. There should also be a completely new board of directors around CEO Lembrechts. If all shareholders agree, of course.
Broadridge Completes Acquisition of Itiviti
U.S.-based fintech
Broadridge Financial Solutions (NYSE:BR) announced on Wednesday it has completed the acquisition of Itiviti Holding AB (“Itiviti”), a provider of trading and connectivity technology to the capital markets industry. Broadridge notably purchased Itiviti from Nordic Capital in an all-cash transaction valued at €2.143 billion (approximately $2.5 billion)
As previously reported, Itiviti is described as a global capital markets technology service provider that is offering scalable solutions for financial institutions to consolidate their trading infrastructure, driving significant cost savings.
“With offices in 16 countries, Itiviti serves 24 of the top 25 global investment banks and over 2,000 leading brokers, trading firms and asset managers across 50 countries. Itiviti’s suite of Trading and Connect solutions offer comprehensive tools to support both connectivity and adaptivity to changing market dynamics