Monthly Archives

Monthly Archives for April 2018.

British Airways May Try to Kill Low Cost Transatlantic Flights

plane on runway
Apr 12 2018

What if a legacy carrier could take low cost carrier competition and – as Grover Norquist once said — “drag it into the bathroom and drown it in the bathtub?”

British Airways parent IAG has acquired a 4.61% stake in Norwegian and plans to initiate acquisition discussions. Of course IAG says they view Norwegian as ‘an attractive investment’. At this point almost no one views Norwegian as an attractive investment.

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Wynn Boston May Have Trouble Opening Due to Mob Ties

wynn hotel boston
Apr 11 2018

Steve Wynn has exited stage left from Wynn Resorts amid sexual misconduct allegations. The hotel chain, which earns the bulk of its profits in Macau, is considered an acquisition target.

But the pending opening of its new $2.5 billion Boston Harbor property, slated for next year, is now in jeopardy. Just last week a constructor worker died on site. And now its gambling license may be at risk.

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