The United branch of the Air Line Pilots Association (ALPA). Said the current agreement “fell short” of some pilots’ expectations. The tentative deal approved last month was set to give pilots a more than 14% pay raise. In the next 18 months when calculated from the beginning of the year. United Airlines Holdings Inc (UAL.O) … Read more
IMF board meets Argentina’s new economy minister. Fund staff updates the board on the state of affairs in Argentina. Argentina’s dollar bonds trading in very distressed territory under 20 cents on the dollar. Former economy minister Martin Guzman, the architect of Argentina’s deal with the IMF, has resigned. The IMF International Monetary Fund’s leading group … Read more
Lycra has gained new ownership after its former parent company defaulted on a $400 million loan. New owners consist of Hong Kong-based China Everbright Ltd and Seoul-based Lindeman Partners. Ruyi bought Lycra from Koch Industries for $2.6 billion in 2019, borrowing about $1 billion for the deal. U.S. fiber creator Lycra has acquired new possession, … Read more
