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Meridiana fly SpA Announces Meridiana SpA to Exercise Acquisition Right on All Remaining Shares in the Company

Thursday, 23 May 2013 02:07pm EDT

Meridiana fly SpA announced that, in relation to the full voluntary tender offer on the Company by Meridiana SpA, following Meridiana SpA holding 96.30% of Merdiana fly SpA's share capital, equal to 102,445,261 ordinary shares, Merdiana SpA will exercise its acquisition right on the remaining 3,931,402 ordinary shares, representing 3.70% of the share capital of Meridiana fly SpA. Following the acquisition, Meridiana SpA will hold the entire stake in Meridiana fly SpA. CONSOB has fixed the price for the remaining shares at EUR 0.60 per share, which equals a total value for the transaction of EUR 2,358,841.20. The option to aquire the remaining shares will be exercised by Merdiana SpA on May 30, 2013. At the same time, the ordinary share of Merdiana fly SpA will be revoked from trading from the Stock Exchange of Borsa Italiana ( Mercato Telematico Azionario or MTA).

Jet Airways India Ltd Announces Change In Ownership As Tail Winds Transfers Shares To Naresh Goyal-Business Standard

Thursday, 23 May 2013 10:51am EDT

Business Standard reported that Jet Airways India Ltd has kickstarted the process for change in ownership structure of the airline. On May 23, 2013, Tail Winds Ltd which controls 79.99% in the airline sold 25.1 million shares to company chairman Naresh Goyal at INR570 per share in a deal valuing INR14330 billion. Tail Winds which is 100% owned by Goyal is registered in Isle of Man and holds 69 million shares in Jet Airways. As per the plans Tail Winds entire share holding will be transferred to Goyal and a few more transactions could take place to complete the process.

Court Overturns FAS' Decision Against Aviakompaniya Sibir' OAO-Interfax

Wednesday, 22 May 2013 10:42pm EDT

Interfax reported that the Arbitration Court of Novosibirsk Region has declared invalid the decision of the Federal Anti-Monopoly Service (FAS) in the Novosibirsk Region that Aviakompaniya Sibir' OAO had violated the law on protection of competition. As reported earlier , in January and February 2013 Novosibirsk FAS declared that Aviakompaniya Sibir' OAO violated the law by setting monopolistically high economy class fares for passenger transportation by air transport on the route Novosibirsk-Anapa in June and September 2011 and imposed administrative penalty of RUB 9.2 million.

Ryanair Holdings PLC Issues FY 2014 Net Profit Guidance Below Analysts' Estimates-Conference Call

Monday, 20 May 2013 07:30am EDT

Ryanair Holdings PLC announced that for fiscal 2014, it expects profits rise modestly to a range between EUR570 million to EUR600 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report net income of EUR614 million for fiscal 2014.

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Market News

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Analyst Research

Report Title Price
Pinnacle Airlines
Provider: Renaissance Capital
$92.00
Buy
Pinnacle Airlines - IPO Update
Provider: Renaissance Capital
$92.00
Buy
EASYJET - WELL-PLACED IN CRUNCH
Provider: Edison Investment Research
$10.00
Buy
EASYJET - CAPTURING MARKET SHARE
Provider: Edison Investment Research
$10.00
Buy
AUERBACH GRAYSON: Royal Jordanian Airlines - H1 2010: MAINTAINED PROFITABILITY (Jordan)
Provider: Auerbach Grayson & Co., Inc.
$75.00
Buy

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