Alaska Air Group approved a share repurchase program authorizing the company to buy back up to $1 billion of its common stock. This is the largest repurchase program in the airline’s history, representing 10% of the stock market capitalization of the company. The board also declared a quarterly cash dividend of 20 cents per share payable on Sept. 1 to shareholders of record as of Aug. 18.
Air India has taken delivery of the third new Airbus A320 from China Aircraft Leasing Group.
DreamJet SAS, trading as La Compagnie, announced STG Aerospace has completed the installation of saf-Tglo SuperSeal UltraLite (SSUL) emergency floorpath marking system with OverCarpet and a liTeMood LED cabin lighting system on its Boeing 757-200.
Transaero Airlines took delivery of its first Airbus A321 aircraft on lease from ICBC Leasing Co.