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As the sunset of the 3G network approaches, fleets will need to plan ahead to meet the transition. As with the implementation of ELDs, fleets that stay ahead of the curve will have a better opportunity to remain connected and productive. ...
Norwegian Cruise Holdings Ltd (NSYE: NCLH) late Thursday announced the pricing of its $250 million public offering. The company priced about 16.6 million shares at $15 each. Underwriters for the offering can exercise a greenshoe option to purchase up to 2.5 million additional shares.The cruise company said it expected to use the proceeds of the offering for "general corporate purposes."JP Morgan Chase & Co. (NYSE: JPM), Barclays Plc (NYSE: BCS), Citigroup (NYSE: C), and subsidiaries of Goldman Sachs Group Inc (NYSE: GS), Mizuho Financial Group Inc's (NYSE: MFG), and UBS Group AG (NYSE: UBS) are acting as joint book running managers for the offering.Norwegian also announced a debt offering to the tune of $750 million in six-year senior secured notes and $400 million of exchangeable five-year senior notes.The proceeds raised from the debt would be used to repay its $675 million senior secured revolving facility, and to pay any related transaction...
The shares of Norwegian Cruise Line Holdings Ltd (NYSE: NCLH), Carnival Corp. (NYSE: CCL), and Royal Caribbean Cruises Ltd (NYSE: RCL) continued to dip in the after-hours session Thursday, as the Centers For Disease Control and Prevention extended its ban on cruise sailing in the United States.What Happened In an order Thursday, the CDC extended the suspension of "passenger operations on cruise ships with the capacity to carry at least 250 passengers in waters" through September 15."If unrestricted cruise ship passenger operations were permitted to resume, passengers and crew on board would be at increased risk of COVID-19 infection and those that work or travel on cruise ships would place substantial unnecessary risk on healthcare workers, port personnel and federal partners, and the communities they return to," the federal agency said in a statement.According to the CDC data between March and July, there have been 2,973 coronavirus or coronavirus-like illnesses on...
British Airways is permanently grounding its jumbo jets which are nicknamed "the queen of the skies"....
Sweden's Ericsson reported quarterly core earnings ahead of market estimates on Friday, buoyed by higher margins on the sale of telecom equipment, and said it was keeping its financial targets for 2020 and 2022. Despite the economic uncertainty over the coronavirus outbreak, many telecom companies globally have been moving ahead with plans to upgrade to 5G networks, pushing up Ericsson's commercial contract wins to 99. Ericsson and Finland's Nokia were also expected to be the beneficiaries of Britain's decision this week to ban Chinese telecoms giant Huawei from next-generation 5G networks....
To minimize the number of forced cuts, large airlines have been offering a variety of early departure packages. United's agreement with the Air Line Pilots Association International (ALPA) includes an early retirement deal for pilots 62 and older, as well as a slew of different options for pilots to voluntarily reduce their hours or take a leave of absence during which they would potentially receive health benefits as long as they keep up their training, covered by United. Bryan Quigley, United's senior vice president of flight operations, sent the terms to pilots in a memo late Thursday which was reviewed by Reuters....
