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Airport gets grant to add more flights
A $600,000 grant is expected to aid officials in attracting new flights to Fort Wayne International Airport.
The Small Community Air Service Development Program awarded the travel hub the funds, which are meant to help it remain competitive.
Over the last year, the Airport Authority, Northeast Indiana Regional Partnership and Regional Air Service Committee have focused on expanding air service to the airport.
Last month, Madison, Wis., consultant Jeffrey Hartz warned that pilot shortages and competition from nearby airports in larger cities would prove obstacles for Fort Wayne. Adding more flights are the answer, he said.
“We look forward to using the grant to expand our air service options for travelers in Northeast Indiana,” Scott Hinderman, executive director of airports for the Fort Wayne-Allen County Airport Authority, said in a statement this week.
Interiors company eyes lease at Harrison
The Harrison has another tenant – sort of.
Confident that it will ink a lease agreement with BND Commercial, RJE Business Interiors of Indianapolis said it will open a Fort Wayne location by December.
Breck Johnson, sales associate with BND, said the firm is confident it will come to terms with RJE Business, but a final agreement hasn’t been reached. An official with RJE Business said Fort Wayne would be the company’s third showroom location.
Besides Indianapolis, RJE Business has a Cincinnati site. The company specializes in office furniture and interiors.
Johnson said after The Harrison leases about 2,000 square feet to RJE Business, the mixed-used building will have rented more than half of its available commercial space.
Royal Mail soars on stock market debut
Shares in newly privatized Royal Mail soared on their stock market debut Friday, bolstering criticism that the company – which traces its five-century history back to King Henry VIII – was undervalued by the British government.
The shares were up 31 percent to 432 pence ($6.91) by midday, a hefty gain for shareholders who got them at 330 pence. Nearly 150 million shares, or 15 percent of the total issue, changed hands.
“One can only say that investors have clearly given their stamp of approval to the offering,” said Brenda Kelly, senior market strategist at IG.
But the opposition Labour Party argues that the gains prove the government shortchanged taxpayers and could have gotten more than the $2.75 billion it received from the sale.
“The government has a lot of explaining to do,” the Labour Party’s business spokesman, Chuka Umunna, wrote on Twitter.
Del Monte Foods sells fruit unit for pet treats
Del Monte Foods is selling off its fruit and vegetable business to focus instead on tasty vittles for pets.
The San Francisco-based company said Friday that it is selling its consumer products business, which includes canned Del Monte pineapple and Contadina tomatoes, to Del Monte Pacific Ltd. in Asia for $1.68 billion. It will then begin catering solely to the tastes of furrier consumers through its pets business, which includes brands such as Pup-Peroni, Meow Mix and Milk-Bones.
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