venture
New York (AFP) - US carrier Southwest Airlines plans to jointly develop a fleet of electric air taxis to serve the California market with transportation startup Archer Aviation, the companies announced Friday. The two companies signed a memorandum of understanding envisioning Southwest making use of Archer's "Midnight" aircraft throughout the nation's largest state, offering short trips from California's 14 airports. Begun as an aviation venture in 2018, Santa Clara, California-based Archer has been working to gain Federal Aviation Administration certification of its electric vertical takeoff ...
AFP
New York (AFP) - JetBlue said Wednesday it will wind down an alliance with American Airlines rather than challenge a US court ruling that determined the joint venture was anti-competitive. While JetBlue held a "deep conviction" that the Northeast Alliance (NEA) with American enhanced the offerings to customers at New York and Boston airports, the carrier "has made the difficult decision not to appeal the court's determination," JetBlue said in a statement. The company has "instead initiated the termination of the NEA, beginning a wind down process that will take place over the coming months," ...
AFP
New York (AFP) - Amazon Prime customers in the United States will be able to receive a year of free restaurant delivery through Grubhub+ under a deal announced Wednesday by Just Eat Takeaway.com. Prime members will have access to hundreds of thousands of restaurants on Grubhub, the American affiliate of Anglo-Dutch company Just Eat Takeaway. The deal should expand Grubhub+ membership while having a neutral effect on 2022 earnings, Just Eat Takeaway said in a news release. In exchange, Amazon will receive warrants for two percent of Grubhub's common equity, with the potential for up to 13 perc...
AFP
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