On Friday, Shares of United Continental Holdings Inc (NYSE:UAL), declined -2.47% to $51.69, during its last trading session.
United Airlines, applied to the U.S. Department of Transportation (DOT) for authority to start seasonal nonstop service between the airline’s San Francisco hub and Xi’an, China. If approved, this will be the first trans-Pacific service to Xi’an operated by any airline, and United will be the first U.S. airline to serve the city.
United intends to use the world’s most advanced passenger airplane, the Boeing 787 Dreamliner, to operate the three-times-weekly service between May 8 and Oct. 27, 2016 (westbound).
“We are excited by the prospect of adding the first trans-Pacific Xi’an service to United’s global route network,” said Jim Compton, United’s vice chairman and chief revenue officer. “Assuming our application is approved, United customers will have unique nonstop flights to one of China’s most vibrant cities, with fast and easy connections to destinations throughout the Americas from our San Francisco hub.”
United thanks DOT, the U.S. Department of State and the Civil Aviation Administration of China for their negotiations to open nonstop service from the United States to interior points in China. The airline also acknowledges the Provincial Government of Shaanxi and the past and present leadership of the government of Xi’an, the ancestral home of President Xi Jinping of the People’s Republic of China, for their forward-thinking air service development efforts.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline operations, which use jet aircraft with at least 118 seats, and its regional operations.
Finally, Franklin Resources, Inc. (NYSE:BEN), ended its last trade with 1.83% gain, and closed at $37.76.
Templeton Global Income Fund, declared its regular monthly dividend from net investment income of $0.025 per share, payable on October 30, 2015, to shareholders of record on October 16, 2015 (Ex-Dividend Date: October 14, 2015).
The Fund’s investment manager, Franklin Advisers, Inc., is a wholly owned partner of Franklin Resources, Inc. (NYSE:BEN), a global investment administration organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment administration to retail, institutional and sovereign wealth clients in over 150 countries. Through specialized teams, the company has expertise across all asset classes — counting equity, fixed income, alternative and custom solutions. The company’s more than 600 investment professionals are supported by its integrated, worldwide team of risk administration professionals and global trading desk network. With offices in 35 countries, the California-based company has more than 65 years of investment experience and about $806 billion in assets under administration as of August 31, 2015.
Franklin Resources, Inc. is a publicly owned asset administration holding company. Through its auxiliaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships.
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