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AAR Corp (NY: AIR )

41.77 USD +1.00 (+2.45%)
Official Closing Price Updated: 7:00 PM EST, Mar 5, 2021 Add to My Watchlist
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UPDATE 3-Virgin Atlantic to cut jobs, move flights from Gatwick as COVID-19 bites
* Future of BA, Norwegian at Gatwick also in question (Adds further detail, reaction) 
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From Reuters: Company News
UPDATE 2-Virgin Atlantic to cut 3,150 jobs; move flights to Heathrow from Gatwick
British airline Virgin Atlantic said on Tuesday it planned to cut 3,150 jobs and would move its London Gatwick operations to Heathrow airport as it counts the cost of the COVID-19 pandemic. 
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From Reuters: Company News
UPDATE 1-Virgin Atlantic to cut 3,150 jobs; move flights to Heathrow from Gatwick
British airline Virgin Atlantic said on Tuesday it planned to cut 3,150 jobs and would move its flying programme from London Gatwick to Heathrow airport as it counts the cost of the COVID-19 pandemic. 
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From Reuters: Company News
Virgin Atlantic to cut 3,150 jobs after pandemic hits demand
British airline Virgin Atlantic said on Tuesday it planned to cut 3,150 jobs and would move its flying programme from London Gatwick to Heathrow airport as it counts the cost of the COVID-19 pandemic. 
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From Reuters: Company News
UPDATE 1-French aerospace suppliers need billions in fresh capital
The French aerospace industry needs billions of euros in fresh capital to help struggling suppliers overcome the coronavirus crisis, which has pushed a third of its 200,000 employees into furlough, a... 
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From Reuters: Company News
Third of French aerospace sector on partial unemployment schemes
About a third of the people employed by the French aerospace sector are out of action on government-backed partial unemployment schemes, the head of the country's aerospace industry association said on... 
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From Reuters: Company News
30 Stocks Moving in Monday's Pre-Market Session
Gainers MicroVision, Inc (NASDAQ: MVIS) shares rose 85.2% to $0.823 in pre-market trading after jumping 39% on Friday. MicroVision ... 
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From Benzinga
TIMELINE-Fasten seatbelts: Norwegian Air's battle for survival
After growing rapidly to become Europe's third-largest low-cost airline and one of the few to apply the budget model to transatlantic flights, Norwegian Air is fighting for its survival after racking... 
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From Reuters: Company News
U.S. aviation sector cuts more jobs amid travel meltdown
The ongoing U.S. travel crisis is causing thousands of job cuts as the aviation sector waits for passengers to return to the skies but braces for years of lower demand because of the coronavirus... 
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From Reuters: Company News
UPDATE 2-Rolls-Royce considering cutting up to 15% of its workforce - source
British aero-engine maker Rolls-Royce Holdings is considering cutting up to 15% of its workforce, a source close to the company told Reuters, as customers cut production and airlines park planes due to... 
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From Reuters: Company News
UPDATE 1-Rolls-Royce considering cutting up to 15% of its workforce - source
British aero-engine maker Rolls-Royce Holdings Plc is considering cutting up to 15% of its workforce, a source close to the company told Reuters, with its customers cutting production and airlines... 
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From Reuters: Company News
UPDATE 2-Jetmaker Embraer focuses on future after Boeing divorce "pain"
The head of Embraer's commercial aircraft unit defended the benefits of a $4.2 billion tie-up abandoned by Boeing Co last week, but said the Brazilian aerospace group was focusing on its future as a... 
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From Reuters: Company News
UPDATE 1-Embraer suffered "pain" in preparing Boeing deal - commercial head
The head of Embraer's commercial aircraft unit defended the benefits of a $4.2 billion tie-up abandoned by Boeing Co last week, but said the Brazilian aerospace group was focusing on its future as a... 
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From Reuters: Company News
TIMELINE-Norwegian Air's battle for survival
The fate of Norwegian Air hangs in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline. 
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UPDATE 1-Crisis-torn airlines scramble to convert empty cabins to cargo
* Airbus launches scheme to convert passenger cabins (Adds Airbus and IATA comments, regulatory details) 
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From Reuters: Company News
Crisis-torn airlines scramble to convert empty cabins to cargo
Once the airline industry's ugly ducklings, air freighters are now flying high as some of the only airplanes still criss-crossing the skies during the global coronavirus crisis. 
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From Reuters: Company News
UPDATE 1-European shares inch lower as Shell drags; ECB awaited
* Banks hit by Lloyds Bank, SocGen results (Adds comment, updates prices) 
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From Reuters: Company News
European shares inch lower as Shell drags; ECB awaited
European shares edged lower on Thursday as a slump in Royal Dutch Shell and another batch of mixed earnings reports weighed on the mood ahead of the conclusion of a European Central Bank meeting. 
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PRESS DIGEST- New York Times business news - April 30
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. 
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From Reuters: Company News
UPDATE 7-Boeing to shrink workforce, raise cash as coronavirus slams jet industry
Boeing Co said on Wednesday it would cut its 160,000-person workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery... 
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From Reuters: Company News
UPDATE 6-Boeing to shrink workforce, raise cash as coronavirus slams jet industry
Boeing Co said on Wednesday it would cut its 160,000-person workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery... 
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From Reuters: Company News
UPDATE 1-Safran sales fell 8.8% in Q1, says has enough liquidity
France's Safran reported an 8.8% drop in like-for-like first-quarter revenue to 5.38 billion euros ($5.84 billion) as the coronavirus crisis began to weigh on its aircraft engines and interiors... 
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UPDATE 2-European shares rise on COVID-19 drug hopes, upbeat outlook from corporates
* Analysts expect STOXX EPS to decline 40% in Q2 - Refinitiv (Updates price to close) 
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UPDATE 5-Boeing to shrink workforce and production as coronavirus slams industry
Boeing Co said on Wednesday it would cut its 160,000-person workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery... 
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From Reuters: Company News
UPDATE 4-Boeing to cut workforce and production as it braces for years-long industry recovery
Boeing Co said on Wednesday it would cut its workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery from the... 
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From Reuters: Company News
UPDATE 3-Boeing to cut workforce, seek liquidity as coronavirus leads to quarterly loss
Boeing Co said on Wednesday it would cut its workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as the coronavirus pandemic drove the planemaker to a net loss... 
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From Reuters: Company News
UPDATE 2-Boeing to cut workforce by 10% and reduce 787 production due to pandemic
Boeing Co said on Wednesday it would cut its workforce by about 10% and further reduce 787 Dreamliner production after reporting a loss for the second straight quarter as the coronavirus pandemic hits... 
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From Reuters: Company News
UPDATE 2-AirAsia to halt Airbus deliveries and review orders
* Airline has 349 A321neos, 13 A320neos on order but not delivered 
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GLOBAL MARKETS-Shares edge up as economies look to reopen
World shares eked out slim gains on Wednesday, with optimism over economies easing coronavirus lockdowns and rebounding oil prices leavened by a mixed picture on corporate earnings. 
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From Reuters: Company News
UPDATE 2-Airbus Q1 profit plunges as coronavirus crisis starts to bite
* Q1 free cash outflow before M&A/customer financing 8.03 bln (Adds quotes, details) 
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