logo
Sunrise Airways to fly new routes in the eastern Caribbean

Sunrise Airways to fly new routes in the eastern Caribbean

Travel Weekly22-05-2025
Haitian regional carrier Sunrise Airways will add eastern Caribbean routes this July.
A new operating certificate will enable Sunrise to fly Barbados-Tortola, plus new routes from Santo Domingo to Tortola, St. Kitts, and St. Maarten/St. Martin.
"The new extended reach we have now under the new air operator's certificate, combined with a series of new interline agreements we entered into in recent weeks, creates a host of new multi-destination flight options, added convenience, and more choice for our customers based in the region, as well as international travelers keen on experiencing multiple destinations when visiting the Caribbean," he said.
Sunrise currently has interline agreements with Winair, Bahamas Air, and Air Caraibes. The airline expects to add interlining with LIAT 2020, Caribbean Airlines and French Bee.
Also, Sunrise has named Gary Stone as its new CEO. Stone had been Sabre's vice president and regional general manager for Latin America and the Caribbean.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Opendoor stock is another AMC or Gamestop
Opendoor stock is another AMC or Gamestop

Yahoo

time3 hours ago

  • Yahoo

Opendoor stock is another AMC or Gamestop

Opendoor stock is another AMC or Gamestop originally appeared on TheStreet. GameStop has been a dying business for more than a decade. Once it became viable to download video games directly to your device, the retail chain began its slow march to irrelevancy. Stock prices, however, do not have to correlate with a business's actual prospects. If people want to buy shares in a company that's in steady decline — really a managed death, in the case of GameStop — there's nothing stopping them from doing does have some positives. It has mostly short-term leases, which allows the chain to close down failing stores relatively quickly. That's positive for a CEO looking to wring any remaining value from the brand or one who wants to try finding something else to sell. GameStop has not been a brand with an idea toward making a major pivot. 💵💰💰💵 It's a dying business that has remained solvent partially by selling shares of its stock, which was driven high by Reddit groups. These groups, although they sometimes pretend otherwise, didn't buy shares becuse they believe this is a strong company that will make a huge turnaround. Instead, many bought shares because they believed they could manipulate the stock price higher. That worked, at least for a while, but it's rare that social media memes can actually push a stock price higher. Failing real estate business next target Opendoor is one of those business ideas that seemed promising, but which never really panned out. It's one of a number of companies, along with Zillow and RedFin, that attempted to disrupt the traditional real estate model. Under the traditional system, someone selling a home uses a traditional Realtor to list their home for sale. That professional looks at comparable sales and tries to get the seller the best price possible. In most cases, the buyer has their own Realtor as well, and when a deal gets made, the seller pays a commission of 3% to both the buyer's and their own Realtor. That's a total of 6%, which seems steep, so countless businesses over the years have tried to find a better model. Opendoor tried to do that by making sellers an offer on their home, before it gets listed. "When you work with us, you can explore the market knowing you already have an offer on your home. All of our selling options include a built-in cash offer from Opendoor," the company shared on its website. More experts: Fed official sends strong message about interest-rate cuts Billionaire fund manager sends surprising message on trade deficit Hedge-fund manager sees U.S. becoming Greece Basically, the company was supposed to disrupt the real estate market by making it easier for people to sell their homes. Zillow had a similar idea, but the problem for both companies quickly became obvious. Buying a home directly left little wiggle room, so offers had to be low compared to what the seller might find on the open market. It was a business idea that simply did not pass the "real life" test. Opendoor makes a meme comeback Opendoor has undergone mass layoffs and continues to exist, but it's a shadow of its former ambitions. The company's stock has been trading below $1 since April and below $2 for much of the year. On Friday, July 18, it made a miraculous comeback. "Digital real estate platform Opendoor Technologies has recently exploded in popularity among retail investors, as its stock has jumped by 180% over the past week. The surge came after a bullish X post on July 14 by Eric Jackson, the head of EMJ Capital and an early Carvana bull, who shared a turnaround thesis for the struggling company and placed a long-term price target of $82 per share. Since that post, trading activity in Opendoor shares has soared by 140% compared to the previous month," Tipranks reported. The problem is that Opendoor's history has shown it's a niche business. It has sold about 3,000 homes for each of the past two years. There's no reason to believe that its business will grow meaningfully over the next few years, and while its stock may be worth more than the $0.78 it was trading for on July 11, an $82 target is a fantasy from an investor looking to make a media splash. He cited that the company will be the only player in iBuying after Zillow and Redfin have exited that market. What he doesn't say is that they stopped buying homes because it's capital-intensive and has a massive downside risk. Jackson provided cover for Reddit memes and other speculators to push Opendoor, despite its limited upside opportunity. Analysts agree on a broad basis that the company has limited potential."Turning to Wall Street, analysts have a Hold consensus rating on OPEN the average OPEN price target of $0.83 per share implies 63.1% downside risk," Tipranks added. Much like GameStop and AMC, Opendoor has a limited business model. It might build a sustainable upside, but the opportunity isn't anywhere close to what many people thought years ago. Just because Reddit and social media have jumped on Opendoor using Jackson's prediction as cover does not mean this is a good stock with strong upside. It's another failing brand with a flawed business model and a stock price low enough to be manipulated. Opendoor stock is another AMC or Gamestop first appeared on TheStreet on Jul 20, 2025 This story was originally reported by TheStreet on Jul 20, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

CDB Aviation and Loong Air Execute Lease Agreements for Six A321neo Aircraft
CDB Aviation and Loong Air Execute Lease Agreements for Six A321neo Aircraft

Yahoo

time7 hours ago

  • Yahoo

CDB Aviation and Loong Air Execute Lease Agreements for Six A321neo Aircraft

Aircraft Will Support Airline's Fleet Expansion and Modernization Strategy HANGZHOU, China, July 20, 2025--(BUSINESS WIRE)--CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ("CDB Leasing"), announced the execution of new lease agreements for six Airbus A321neo aircraft with its Chinese airline customer, Zhejiang Loong Airlines Co., Ltd. ("Loong Air"). The Hangzhou-headquartered carrier is expected to take delivery of the aircraft in 2027 from the lessor's orderbook. Renowned for its fuel efficiency, reduced carbon emissions, and extended range capabilities, the A321neo, the largest member of Airbus' A320neo family, is well suited to enhance Loong Air's operational efficiency and sustainability goals. "We are pleased to strengthen our partnership with Loong Air through this transaction, which underscores our commitment to supporting the growth of China's aviation sector," said Jie Chen, Chief Executive Officer of CDB Aviation. "The A321neo's superior economics and passenger comfort align perfectly with Loong Air's vision of expanding its domestic, international and regional network." Established in 2011, Loong Air operates a fleet of over 70 Airbus A320-family aircraft, serving major Chinese cities and select international routes. The addition of the A321neos will enable the airline to boost capacity on high-demand routes while maintaining its focus on cost efficiency and environmental responsibility. "This agreement marks another milestone in Loong Air and CDB Aviation's strategic partnership of more than 10 years," commented Qihong Liu, Chairman of Loong Air. "We also hope to continue to explore new opportunities of cooperation with CDB Aviation and jointly promote innovative development in the future. The A321neo's enhanced performance and cabin flexibility will allow us to offer an elevated travel experience to our passengers, while supporting our long-term sustainability objectives." Forward-Looking Statements This press release contains certain forward-looking statements, beliefs or opinions, including with respect to CDB Aviation's business, financial condition, results of operations or plans. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as "may," "will," "seek," "continue," "aim," "anticipate," "target," "projected," "expect," "estimate," "intend," "plan," "goal," "believe," "achieve" or other terminology or words of similar meaning. These statements are based on the current beliefs and expectations of CDB Aviation's management and are subject to significant risks and uncertainties. Actual results and outcomes may differ materially from those expressed in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. About Loong Air Zhejiang Loong Airlines Co., Ltd. ("Loong Air") was established on April 19, 2011, with its first cargo flight launched on August 9, 2012, and its first passenger flight on December 29, 2013, Based on Hangzhou, Zhejiang Province. The company serves as Zhejiang Province's leading home-based airline and one of the key players in the aviation industry. Loong Air has established three branches in Northwest, Southwest, and Central-South of China. To date, its fleet size reach to 73, operating domestic and international passenger and cargo routes covering Mainland China, Hong Kong, Macau and extending to Japan, South Korea, Southeast Asia, South Asia, and Central Asia, transporting over 10 million passengers annually. The company is committed to four major development visions: high-quality, group operations, intelligence and international, to establish itself as a world-class aviation group. About CDB Aviation CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ("CDB Leasing") a 40-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody's (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is one of the world's largest development finance institution. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating. CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China's leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606). View source version on Contacts Media contact: Paul +1 612 594 9844 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Investigation Launched After 2 Planes Collide at a South Carolina Airport, Leaving 2 Passengers Injured
Investigation Launched After 2 Planes Collide at a South Carolina Airport, Leaving 2 Passengers Injured

Yahoo

time9 hours ago

  • Yahoo

Investigation Launched After 2 Planes Collide at a South Carolina Airport, Leaving 2 Passengers Injured

A Breeze Airways flight was parked at Charleston International Airport when an All Nippon Airways (ANA) Boeing 787 struck its tail while taxiingNEED TO KNOW Two planes on the ground at a South Carolina airport were involved in a collision, injuring two people and causing all of the passengers on board to deplane A Breeze Airways flight was parked at Charleston International Airport at around 9:30 p.m. local time on July 18 when an All Nippon Airways (ANA) Boeing 787 struck its tail while taxiing Two people were evaluated for minor injuries, and the FAA said that only the ANA crew was aboard at the time of the incidentA plane that was grounded in South Carolina was struck by another aircraft while it was taxiing, injuring two people and causing all of the passengers on board to deplane. According to a statement from Breeze Airways, a Utah-based budget airline, flight MX509 was headed from Las Vegas to Norfolk, Va., on Friday, July 18, when the plane was forced to divert and land at Charleston International Airport at around 9:30 p.m. local time due to thunderstorms near Norfolk International Airport. The airline said its Airbus A220-300 aircraft was parked and awaiting fuel to continue on to Virginia when the plane's tail was struck by another aircraft, a Boeing 787-10 belonging to All Nippon Airways (ANA), at around 9:50 p.m. ANA confirmed to PEOPLE that the left wingtip of its Boeing jet came into contact with "equipment positioned near a Breeze Airways aircraft." Local outlet WCSC reported that law enforcement agencies and emergency medical personnel were called to the scene. "There were five people onboard the ANA plane, who disembarked without injury," the Tokyo-based airline said. A Federal Aviation Administration (FAA) spokesperson also confirmed to PEOPLE that ANA Flight 9397 was taxiing at the time of the incident, and that only crew members were on board. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer​​, from celebrity news to compelling human interest stories. All of the passengers on the Breeze Airways flight got off the plane and were bused to the terminal, and Breeze said that two people were "evaluated for minor injuries." A new aircraft eventually took all of the passengers aboard the Breeze Airways flight to Virginia, and they arrived in Norfolk at 2:50 a.m. on Saturday, July 19. Both ANA and Breeze Airways told PEOPLE that they are working with investigators and airport authorities. The FAA is set to investigate the incident. Read the original article on People Solve the daily Crossword

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store