Frontier Airlines Is Bidding for Spirit—Again
Frontier Airlines ULCC -7.05%decrease; red down pointing triangle is making another run at a deal for struggling rival discounter Spirit SAVEQ -9.26%decrease; red down pointing triangle Airlines.
Spirit filed for bankruptcy in November after years of losses, mounting questions about its business model, and a failed sale to JetBlue. Now Frontier is trying to persuade Spirit's bondholders that they will be better off if the two budget airlines combine than if Spirit tries to go it alone after exiting chapter 11.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 hours ago
- Yahoo
STAR DIAMOND CORPORATION ANNOUNCES DATE OF SPECIAL MEETING OF SHAREHOLDERS AND CONVERSION OF PROMISSORY NOTES
/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES/ TSX: DIAM SASKATOON, SK, June 9, 2025 /CNW/ - Star Diamond Corporation (the "Company") (TSX: DIAM) is pleased to announce that, further to the Company's press release issued on May 16, 2025, a special meeting of the Company's shareholders will be held on July 29, 2025 (the "Meeting"). Only persons registered as holders of common shares of the Company ("Common Shares") as of the close of business on June 13, 2025 are entitled to receive notice of and to vote at the Meeting. The Meeting is being held in connection with the previously announced proposed private placement of units of the Company to Spirit Resources s.a.r.l. ("Spirit") for gross proceeds of Cdn. $4,000,000 (the "Private Placement"). At the Meeting, holders of Common Shares will be asked to, among other things, approve: (i) the waiver of the application of the Company's Amended and Restated Shareholder Rights plan dated May 30, 2023 (the "Shareholder Rights Plan") to the Private Placement and the termination of the Shareholder Rights Plan; (ii) the issuance of Common Shares and Common Share purchase warrants on the terms of the Private Placement, including the Private Placement materially affecting control of the Company; (iii) the election of two individuals nominated by Spirit to the board of directors of the Company in connection with the completion of the Private Placement; and (iv) any such other matters as may be agreed by the Company and Spirit. The Company also announces that it has issued an aggregate of 3,399,817 Common Shares (the "Conversion Shares") at a price of $0.045 per Conversion Share upon the voluntary conversion of existing convertible promissory notes of the Company issued on February 27, 2025 (the "Promissory Notes"). The issuance is in full satisfaction of principal and interest in the aggregate amount of Cdn. $152,991.78 due under the Promissory Notes. The Conversion Shares are subject to a statutory hold period expiring on June 28, 2025. Unless voluntarily converted prior to the completion of the Private Placement, the completion of the Private Placement would trigger the automatic conversion of the balance of the principal and interest then due under the Promissory Notes in accordance with the terms of the Promissory Notes. The offer and sale of the securities offered in the Offering has not been and will not be registered under the US Securities Act of 1933, as amended, or any state securities laws, and such securities may not be offered or sold in the United States absent registration or applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction in which the offer, sale or solicitation would be unlawful. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold within the United States unless an exemption from such registration is available. About Star Diamond Corporation The Company is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the Toronto Stock Exchange under the trading symbol "DIAM". The Company's most significant asset is its interest in the Fort à la Corne property in central Saskatchewan. These diamondiferous kimberlites are located in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development. CAUTION REGARDING FORWARD-LOOKING INFORMATION This press release contains "forward-looking statements" and/or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. The use of any of the words "anticipate", "plan", "aim", "target", "contemplate", "continue", "estimate", "expect", "intend", "propose", "might", "may", "will", "shall", "project", "should", "could", "would", "believe", "predict", "forecast", "pursue", "potential", "possible", "capable" and similar expressions are intended to identify "forward-looking statements. Forward-looking statements in this press release include, but are not limited to, expectations regarding the completion of the Private Placement, including with respect to obtaining shareholder and regulatory approvals in connection therewith, and the resulting automatic conversion of the Promissory Notes. These forward-looking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it and involve inherent risks and uncertainties, both general and specific. Risks exist that forward-looking statements will not be achieved due to a number of factors including, but not limited to, the receipt of applicable shareholder and regulatory approvals, availability of financing, the impact of changes in the laws and regulations regulating mining exploration, development, closure, judicial or regulatory judgments and legal proceedings and the additional risks described the Company's most recently filed Annual Information Form, and annual and interim MD&A. Although management of the Company considers the assumptions contained in forward-looking statements to be reasonable based on information currently available to the Company, those assumptions may prove to be incorrect. When making decisions with respect to the Company, investors and others should not place undue reliance on these statements and should carefully consider the foregoing factors and other uncertainties and potential events. The Company does not undertake any obligation to release publicly revisions to any forward-looking statement to reflect events or circumstances after the date of this release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at investors' own risk. SOURCE Star Diamond Corporation View original content: 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
Business Insider
18 hours ago
- Business Insider
I grew my ex's limousine company from $200,000 to $33 million when I sold it. He stayed at home with our 4 kids while I was the CEO.
This as-told-to essay is based on a conversation with Kristina Bouweiri, owner of Reston Limousine. It has been edited for length and clarity. I never planned on being in the limousine industry. I thought I'd follow in my father's footsteps and join the Foreign Service. I was born in Japan and spent 20 years living overseas because of his job. I studied international affairs in college, worked on women's empowerment projects in Somalia, and planned to make an impact in the nonprofit world. But when I returned to the US, the only job I could find was 100% commission sales. One of my cold calls was to a man named William Bouweiri, who owned a small limousine company in Northern Virginia. That call changed my life. We started dating, and four months later, he asked me to leave my job and join him in his business. I did, and within a year, we were married. Reston Limousine was a small operation when I came on board My husband focused on corporate clients — he had only five cars and made $200,000 in yearly revenue. But I saw potential elsewhere. I pushed for proms, weddings, and eventually government contracts. I cold-called brides from purchased lists, and within a year, we were doing 100 weddings every weekend. In the '90s, we were in the right place at the right time. We landed government shuttle contracts, and tech companies like AOL became clients. Revenue soared to $5 million. Eventually, we grew to 240 vehicles with contracts across the region. I struggled with infertility for five years. As hard as it was, it gave me time to work 16-hour days during those early startup years. When my twins were born, I had a business that could support maternity leave and a team to run operations. He stayed home with the kids while I ran the company After 9/11, everything stopped. Corporate travel froze, events were canceled, and contracts paused. One of the biggest blows came when our bank dropped us, saying our 50 buses in D.C. were a potential terrorist target. We'd never missed a payment, but we lost financing overnight. It took six months to find a new bank and five years to return to profitability. During that time, my husband and I decided he'd stay home with our four kids while I ran the business. That's when I fully stepped into the CEO role. We were tested again during the 2008 recession, and when the pandemic hit. That was the hardest. We laid off 300 of our 450 employees. I refunded $1 million in deposits with no revenue coming in, and I didn't know if we'd survive. The PPP loan saved us. During that downtime, I brought in consultants, eliminated redundancies, cut unnecessary software, and streamlined operations. Coming out of the pandemic, we were leaner, more profitable, and better prepared. Despite our growth, I still faced challenges as a woman in a male-dominated industry. I've walked into meetings where no one would look me in the eye or speak directly to me, even though I was the CEO. But it didn't faze me, I knew my worth. Over the years, I paid for three of my children to attend college and watched my son grow into an exceptional sales director at Reston Limousine. He even landed our Major League Soccer account, leading to a major transportation opportunity in 2024. I sold my company And after more than 30 years, I sold Reston Limousine this April for $32.9 million. I'll stay on for three years to support the transition, but I'm proud to say I paid off the loan I used to buy out my ex-husband and built one of the top limousine companies in the country. My biggest accomplishment isn't just the size of the company. It's that I had the courage to leave a marriage, buy the company on my own, and run it while raising four kids. I proved women can lead — and succeed — in any industry.
Yahoo
2 days ago
- Yahoo
Why Rocket Lab Corp. (RKLB) Soared On Friday
We recently published a list of . In this article, we are going to take a look at where Rocket Lab Corp. (NASDAQ:RKLB) stands against other Friday's best-performing stocks. Rocket Lab grew its share prices by 9.34 percent on Friday to finish at $28.92 apiece as investors loaded up portfolios ahead of its launch of a new mission on Tuesday. Rocket Lab Corp. (NASDAQ:RKLB) is scheduled to launch The Mountain God Guards mission for the Institute for Q-shu Pioneers of Space, Inc. (iQPS), a Japan-based Earth imaging company, through 'Electron,' the world's most frequently launched orbital small rocket. The mission will launch a single synthetic aperture radar imaging satellite called QPS-SAR-11 to a 575-kilometer circular Earth orbit, which will join the rest of the iQPS constellation in providing high-resolution images and Earth monitoring services globally. A launch pad atop a grassy hill, smoke filled sky from a successful voyage to space. The launch will take place at Rocket Lab Corporation's (NASDAQ:RKLB) Launch Complex 1 in New Zealand. Rocket Lab Corporation (NASDAQ:RKLB) said that The Mountain God Guards will mark its 8th mission for this year alone, its 4th out of the 8 missions dedicated to iQPS, its 66th Electron launch overall, and the 227th satellite delivered to space. Overall, RKLB ranks 9th on our list of Friday's best-performing stocks. While we acknowledge the potential of RKLB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
