PAL Offers To Buy Out Minority Shareholders

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Published: October 17, 2014

Philippine Airlines owner Lucio Tan is buying out minority shareholders in parent PAL Holdings at a discount. The voluntary tender offer comes on the heels of the USD$ 1 billion deal to acquire San Miguel’s 49 percent stake in the parent firm PAL Holdings, that in turn controls around 90 percent of Philippine Airlines. The […]

Ferrovial Consortium To Buy Three UK Airports

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Published: October 17, 2014

Spanish infrastructure company Ferrovial has teamed up with Macquarie Infrastructure Fund to buy three regional British airports for GBP£1.048 billion (USD$ 1.7 billion). Ferrovial and Macquarie Infrastructure Fund 4 will become joint owners of Aberdeen and Glasgow airports in Scotland and Southampton airport in southern England, following a deal which extends Ferrovial’s involvement in the […]

Air France, Pilots See Transavia Deal Next Month

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Published: October 17, 2014

Air France and its main pilots’ union SNPL said they have reached a tentative deal aimed at ending a dispute over the airline’s low cost unit Transavia France. Air France said it expected the text they had agreed on to be signed in mid-November. Air France-KLM’s plans to grow its budget brand Europe-wide had angered […]

Virgin Australia Buys Out Tiger Australia JV

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Published: October 17, 2014

Virgin Australia will buy full control of its ailing 60 percent-owned Tiger Australia Airways business for just AUD$ 1, with plans to cut a bloated fleet that has hobbled turnaround efforts. Announcing its plan to buy 40 percent of Tiger Australia from Singapore-listed Tiger Airways Holdings, Virgin said it will cut growth in Tiger Australia’s […]

Wizz Air In Talks To Invest In Russia Project

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Published: October 16, 2014

Wizz Air is in advanced talks with a Russian fund to jointly invest in a project which could boost the budget carrier’s presence there. Chief executive Jozsef Varadi gave no details of the project or the amount the carrier planned to invest with Russian Direct Investment Fund (RDIF), a USD$ 10 billion state-backed private equity […]

Pilots Strike At Germanwings

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Published: October 16, 2014

Pilots at Lufthansa’s Germanwings unit went on strike on Thursday in a long-running dispute over an early retirement scheme, the seventh walkout pilots’ union Vereinigung Cockpit has staged this year. Germanwings, Lufthansa’s budget airline which operates short-haul flights within Europe, cancelled 100 flights, or about a fifth of its schedule, on Thursday because of the […]

Delta Profit Drops On Higher Expenses

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Published: October 16, 2014

Delta Air Lines’ quarterly profit slumped 74 percent as higher operating expenses did not allow the US airline to take advantage of strong business and leisure travel. Total operating expenses jumped 16 percent to USD$ 10.34 billion in the third quarter ended September 30. The Atlanta-based airline also booked a USD$ 134 million loss on […]

Frontier Puts Six Crew On Leave As Precaution

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Published: October 16, 2014

Frontier Airlines has placed six crew members on paid leave for 21 days “out of an abundance of caution,” after learning that a nurse who had treated an Ebola victim may have been symptomatic when she flew on the airline earlier this week. The leave affects two pilots and four flight attendants aboard flight 1143 […]

Turkish Air Investigates Arabic Engine Inscriptions

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Published: October 16, 2014

Turkish Airlines is investigating after Arabic inscriptions found on several of its aircraft engines sparked panic among staff who feared a security breach by Islamist militants – only to find the inscriptions were of a prayer for abundance. The incident has raised security fears at Istanbul’s Ataturk airport as no security camera footage was available […]

Embraer Order Book Hits Record High

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Published: October 15, 2014

Embraer reported its strongest ever order backlog after booking a contract for its new military cargo jet and another big order for the US market. Embraer’s backlog of firm orders rose to a record high USD$ 22.1 billion at the end of September from USD$ 18.1 billion at the end of June. The latest order […]

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