Latest news with #MarySchlangenstein
Bloomberg
07-07-2025
- Business
- Bloomberg
Blackstone Said to Agree $200 Million Deal for Allegiant Resort
By and Mary Schlangenstein Save Blackstone Inc. has agreed to purchase Allegiant Travel Co. 's Sunseeker Resort for about $200 million, far less than the $720 million that the parent of Allegiant Airlines spent building the beleaguered retreat, according to people familiar with the matter. A deal for Sunseeker could be announced as soon as Monday, said the people, who asked to not be identified because the details are private. Bloomberg News first reported that Blackstone was in talks to buy the resort in June.
Bloomberg
13-06-2025
- Business
- Bloomberg
Blackstone Said to Be in Talks to Buy Embattled Allegiant Resort
By , Mary Schlangenstein, and Ryan Gould Save Blackstone Inc. is in talks to purchase Allegiant Travel Co.'s Sunseeker Resort, moving the parent of Allegiant Airlines closer to shedding the beleaguered retreat that had been a drag on earnings, according to people with knowledge of the matter. The two companies are still negotiating and talks could fall apart, said the people, who asked not to be identified because the information isn't public. It wasn't immediately clear what price is being discussed.
&w=3840&q=100)
Business Standard
13-06-2025
- General
- Business Standard
Air India plane crash puts focus on thrust, flaps, landing gear issues
By Mary Schlangenstein and Allyson Versprille Video of the Air India jetliner that crashed into a neighborhood points to potential anomalies that aviation safety authorities will examine to understand what caused the accident that killed at least 241 people. The Boeing Co. 787 Dreamliner appeared to not achieve sufficient thrust as it lumbered down nearly the full length of an 11,000-foot runway, a distance that should have been more than enough to take off, said Bob Mann, head of aviation consultant RW Mann & Co. That could stem from a misconfiguration of the plane prior to takeoff or erroneous weight data entered into the plane's computer system that determines how much power is needed to get off the ground, he said. Mann cautioned that his views were unofficial and not corroborated by data or cockpit voice recorders, which have yet to be recovered from the site. 'If the weight is high compared to the actual number, you end up with a very aggressive takeoff,' Mann said. 'If the weight is low compared to the actual, you end up with not enough commanded power.' The 787's landing gear was never retracted, which normally occurs just after takeoff, said Jeff Guzzetti, a former accident investigation chief for the US Federal Aviation Administration. He also said he'd want to know more about whether the plane's flaps — movable panels along the wing that generate additional lift during takeoff — were in the correct position, noting that it was possible those were raised mistakenly instead of the landing gear. 'You don't see any smoke or fire or engines burping or anything like that. You don't see any structural failure occurring,' Guzzetti said. 'It just appears the airplane was unable to climb once it got off the runway.' 'We just don't know at this time,' he said. Mann said the flaps appeared to be incorrectly positioned, adding that trying to belatedly adjust the flaps could lead to an aerodynamic stall. The Air India Dreamliner was carrying 242 passengers and crew on a flight from Ahmedabad to London. There was one survivor from the plane. Investigators from the US National Transportation Safety Board and FAA will travel to India to assist with that government's investigation of the crash. Additional clues should emerge when authorities recover the plane's flight data recorder and cockpit voice recorder, the so-called black boxes containing key information about what was happening to airplane systems and pilots in the flight's final moments.
Bloomberg
21-05-2025
- Bloomberg
Is Newark Airport Ready for the Summer Travel Season?
By and Mary Schlangenstein Save Flights at busy Newark Liberty International Airport have been beset by delays and cancellations this spring due to staffing shortages and equipment failures at a facility in Philadelphia that guides planes in and out of the hub. The problems have exposed cracks in an air traffic control system that has been wearing down over decades. The crisis has reinvigorated calls for a complete overhaul of the critical infrastructure that manages 45,000 flights carrying 2.9 million people each day.
Business Insider
05-05-2025
- Business
- Business Insider
American Airlines sues Chicago over United Airlines gates, Bloomberg says
American Airlines (AAL) sued Chicago in a fight with United Airlines (UAL) over valuable gat space at O'Hare International Airport, Robert Burnson and Mary Schlangenstein of Bloomberg reports. American Airlines claims United wants to push the company out so it can become the 'sole hub carrier' of the fourth-busiest airport in the world. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
