JetBlue Airways Corporation announced that David Neeleman, Founder of JetBlue Airways and Chairman of the Board of Directors, will not be standing for re-election at its 2008 Annual Shareholders meeting, to be held May 15, 2008. Mr. Neeleman recently announced plans to start a new airline based in Sao Paulo, Brazil, and will be devoting his full attention to this new venture.
AAR acquires Trax to accelerate digital solutions strategy
Chicago-headquartered AAR CORP. (AAR) has announced its acquisition of Trax Corp. (trax), a leading independent provider of aircraft MRO and fleet management software to accelerate its digital solutions strategy. AAR is a global aerospace and defence aftermarket solutions company with operations in over 20 countries. It supports commercial and government customers through two operating segments: