Privilege Style awards seven year power-by-the-hour contract for two B757s to AJW Aviation

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By admin March 14, 2016 13:46

Privilege Style awards seven year power-by-the-hour contract for two B757s to AJW Aviation

AJW Aviation has signed a seven year PBH contract with Spanish non-scheduled airline, Privilege Style. The contract will cover thAirline News

United Continental shareholders oppose duel chair and CEO role for Munoz.

Two hedge funds, PAR Capital Management and Altimeter Capital Management, are opposing plans by the airline to appoint new chief executive, Oscar Munoz, the additional role of chairman by 2017. The funds are also concerned about his level of compensation considering they say the airline’s “inexcusable” performance, and have requested shareholders to consider six new directors for the company’s board, including former Continental Airlines chief Gordon Bethune.

United has refused to appoint Bethune as chairman in the past and has not commented on the talks with the two hedge funds. United has already appointed three new board directors – James Whitehurst, former chief operating officer of Delta and Robert Milton, former CEO of Air Canada, which were vetted by the funds – and doubled its stock buybacks in a bid to placate shareholders.

admin
By admin March 14, 2016 13:46