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Air Transat Grounds Flights as Pilot Strike Looms, Focuses on Repatriating Passengers

  An Air Transat plane is seen as an Air Canada plane lands at Pierre Elliott Trudeau International Airport in Montreal on Thursday, May 16, 2019. Air Transat has begun suspending flights and arranging special services to bring customers home as contract negotiations with its pilots remain unresolved. The move comes after the Air Line Pilots Association (ALPA), representing 750 pilots, issued a 72-hour strike notice, raising the possibility of a work stoppage as early as December 10, 2025. The Montreal-based leisure airline, which typically operates more than 500 weekly flights to destinations in the Caribbean, Mexico, and Europe, announced that it would gradually wind down operations between December 8 and 9. To prevent passengers from being stranded abroad, the company scheduled additional repatriation flights ahead of the strike deadline. Negotiations between Air Transat and the union have been ongoing since last winter, but no agreement has been reached. Pilots are seeking a ...
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Wall Street Poised for Gains as U.S.-Britain Trade Deal Nears Completion

Wall Street is set for a higher open as investors react to news that the United States and Britain are on the verge of finalizing a trade agreement. The deal, expected to be announced at 10 a.m. ET, aims to lower tariffs on select goods, marking a significant step in trade relations between the two nations.

Market optimism is reflected in premarket trading, with Dow E-minis rising 0.75%, S&P 500 E-minis up 0.94%, and Nasdaq 100 E-minis climbing 1.32%. The agreement follows a pause in country-specific tariffs imposed by the U.S. last month, signaling a potential shift in trade policy.

Investors are also keeping an eye on semiconductor stocks, which have gained momentum amid reports that the U.S. may ease export restrictions on AI-related chips. Meanwhile, economic data shows a decline in unemployment claims, further boosting market sentiment.

As Wall Street prepares for the official announcement, analysts suggest that this trade deal could serve as a blueprint for future agreements with other global partners. The market’s response will likely depend on the specifics of the deal and its broader implications for international trade.



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