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Spirit Airlines transfers Chicago airport gates to American Airlines for $30 million

In August, Spirit filed for bankruptcy for a second time as it grappled with dwindling cash reserves and mounting losses. The company has already exited 14 airports and rejected leases for over 80 aircraft.As part of its network optimization, Spirit determined it no longer needs all four preferential gates at … Read More »

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Warner Bros fight heats up with $108 billion hostile bid from Paramount

Dec 8 (Reuters) – Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant.Netflix had emerged victorious on Friday from a weeks-long bidd … Read More »

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Huntington to trim Cadence staff after acquisition, CEO says

Huntington, based in Columbus, Ohio, did not disclose the number of jobs it plans to eliminate at Houston-headquartered Cadence, which employs about 5,800 people. It agreed in late October to buy Cadence in an all-stock deal that is expected to close in the first quarter. “There’ll be more layoffs,” CEO Steph … Read More »

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