Follow us!
Feedburner
Qatar approached British Airways parent over Bankia stake
(Reuters) – Qatar has approached International Airlines Group , the owner of British Airways and Iberia, with an informal offer to become the company’s largest shareholder by buying the 12 percent stake held by Spain’s nationalised lender Bankia, the Financial… Continue reading
Etihad Airways set to buy Kingfisher stake
REUTERS:
Gulf carrier Etihad Airways is close to buying a 48 percent stake in debt-ridden Indian carrier Kingfisher Airlinesfor a little over 30 billion rupees, the Mumbai Mirror reported on Tuesday.
A formal announcement of the deal could come around… Continue reading
Delta buys 49% stake in Virgin Atlantic
AFP.
Delta Air Lines is buying Singapore Airlines’ 49 percent stake in Virgin Atlantic to expand the US carrier’s trans-Atlantic network, the two airlines announced Tuesday.
Delta and Virgin Atlantic will form a joint venture, with Delta investing $360 million… Continue reading
Virgin Australia buys 60% stake in low-cost Tiger
(AFP) Virgin Australia on Tuesday said it has bought a 60 percent stake in fellow low-cost carrier Tiger Airways Australia for Aus$35 million (US$36 million).
Virgin, Australia’s second-biggest airline, said the companies had also committed to invest a further Aus$62.5… Continue reading
Etihad takes stake in Virgin Australia
Etihad Airways, one of the Gulf region’s fast-growing carriers, said on Tuesday it has bought a 3.96 percent equity stake in Virgin Australia.
In an announcement posted by Virgin on the Australian stock market, Etihad said it built its holding… Continue reading
Aer Lingus denies Etihad stake sales talks
A spokesman for the Irish transport minister has refuted a report published by a local daily that the minister would discuss the sale of the country’s stake in Aer Lingus Group to Abu Dhabi-based Etihad Airways, Bloomberg has reported.
Yesterday… Continue reading
Ireland may sell its 25% stake in Aer Lingus
The Irish government is considering the sale of its 25% stake in Aer Lingus (EI) because it is no longer seen as a “strategic†asset, transport minister Leo Varadkar said Wednesday.
“No formal decision on that [EI sale] is made… Continue reading