United-Avianca Deal Becomes Target of Lawsuit by Kingsland

Avianca Holdings SA’s chairman and controlling shareholder, German Efromovich, is forcing the Colombian airline into a potential deal with United Continental Holdings Inc. that will hurt minority investors, according to a lawsuit filed Tuesday in New York State Supreme Court. Kingsland Holdings, the second-biggest shareholder in Avianca, is suing the Bogota-based air carrier, Efromovich and Chicago-based United, saying they secretly negotiated an $800 million loan and strategic partnership.

New Crop of Activist Investors is on the Hunt

A Lazard review of activist campaigns for 2016 show that first time insurgent campaigns represented about a quarter of all activism for the year – a new record. Last month startup fund Gilead Capital settled a brewing director-election proxy fight with Landauer to add one dissident director to the therapeutics and analytical services company’s board.

Meet the New Wave of Insurgents

A Lazard review of activist campaigns for 2016 show that first-time insurgent campaigns represented about a quarter of all activism for the year – a record. Last month, startup fund Gilead Capital settled a brewing director-election proxy fight with Landauer to add one dissident director to the therapeutics and analytical services company’s board.

Are Americas Airlines Under Cyber Attack?

For the second time in a week, a major U.S. airline grounded its fleet after its computer systems stopped working.The latest incident involved Delta Air Lines , which canceled 170 flights on Sunday and another 110 on Monday because its “essential IT systems went down” over the weekend. The issue at Delta Air Lines alone doesn’t seem suspicious — computers fail all the time.

United Airlines Said to Plan Los Angeles Push in Comeback Effort

United Continental Holdings Inc. is targeting a major expansion at Los Angeles International Airport in an effort to reverse a slide that’s left the airline languishing behind its biggest rivals at the busiest West Coast hub, said people familiar with the plans. President Scott Kirby told United pilots this month that the company needs more space and is studying plans to claim most or all of a future terminal, said the people, who asked not to be identified because the information is private.

United Airlines Software Glitch, London Fog Ground Flights in U.S., Europe

Travellers faced a series of disruptions after a software glitch halted United Airlines traffic and London’s Heathrow Airport cancelled more than 100 flights amid intense fog. Travellers in the U.S. and Europe faced a series of disruptions late Sunday and into the start of the week after a software glitch halted United Airlines traffic and London’s Heathrow Airport cancelled more than 100 flights amid intense fog in the British capital.

United Airlines Software Glitch, London Fog Ground Flights in U.S., Europe

Travellers faced a series of disruptions after a software glitch halted United Airlines traffic and London’s Heathrow Airport cancelled more than 100 flights amid intense fog. Travellers in the U.S. and Europe faced a series of disruptions late Sunday and into the start of the week after a software glitch halted United Airlines traffic and London’s Heathrow Airport cancelled more than 100 flights amid intense fog in the British capital.

United Continental: Solid Earnings but Dreadful Guidance

The company’s pre-tax margin slipped modestly relative to Q4 2015, but this was better than what the company had originally expected, thanks to an improvement in last-minute bookings that began in November. However, there was no reason for investors to cheer, as United projected that its adjusted pre-tax margin would sink to a meager 0.5% to 2.5% in the coming quarter.