Airlines
SkyWest Inc Announces Agreement With Embraer For 100 Firm And 100 Options E175 Regional Jets
SkyWest Inc announced that it has entered into an agreement with Embraer for the purchase of 100 new E175 dual-class regional jet aircraft. Of the 100 aircraft, 40 are considered firm deliveries and the remaining 60 aircraft are considered conditional until SkyWest enters into capacity purchase agreements with other major airlines to operate the aircraft. Deliveries for the 40 firm aircraft are anticipated to begin in the second quarter of 2014 and continue through mid 2015. The aircraft will be configured in 76 seats in dual-class. The agreement also includes options for an additional 100 E175 aircraft and would be valued at USD8.3 billion if all 200 aircraft are ordered. The initial 40 firm aircraft outlined above will be operated by SkyWest Airlines, Inc. (SkyWest Airlines) a wholly-owned subsidiary of SkyWest, Inc., under a new agreement with United Airlines, Inc. (United).
Global Eagle Entertainment Inc Announces To Acquire Post Modern Group, LLC
Global Eagle Entertainment Inc and Post Modern Group, LLC (PMG) announced that they have entered into a definitive agreement for Global Eagle to acquire Post Modern Group, LLC (PMG) for a total consideration of up to $23.9 million in a combination of cash and stock. The acquisition expands and strengthens Global Eagle's relationships with airlines around the world and provides entry into the cruise line industry and other non-theatrical markets. The transaction is in line with Global Eagle's strategic plan to consolidate the top content and distribution companies serving these markets.
Aviakompaniya UTair OAO Acquires Additional 65.4% Stake in Nefteyuganskiy obyedinennyi aviaotryad OAO-Prime
Prime reported that Aviakompaniya UTair OAO in August 2012 has increased its stake in Nefteyuganskiy obyedinennyi aviaotryad OAO from 24.47% to 89.85%, reported in the Company' annual report. Financial details were not disclosed.
International Consolidated Airlines Group SA Gains Control of Vueling Airlines SA-Reuters
Reuters reported that International Consolidated Airlines Group SA (IAG) has won sufficient backing from investors in Vueling Airlines SA (Vueling) to take control of the Spanish budget airline. IAG has approximately 90% of Vueling, up from 46%, after a takeover bid that valued the company at EUR 277 million (USD 360 million).IAG offered EUR 9.25 per share after Vueling's management rejected a previous offer of EUR 7 per share.
International Consolidated Airlines Group SA Gains Control of Vueling Airlines SA-Reuters
Reuters reported that International Consolidated Airlines Group SA (IAG) has won sufficient backing from investors in Vueling Airlines SA (Vueling) to take control of the Spanish budget airline. IAG has approximately 90% of Vueling, up from 46%, after a takeover bid that valued the company at EUR 277 million (USD 360 million).IAG offered EUR 9.25 per share after Vueling's management rejected a previous offer of EUR 7 per share.
Tiger Airways Holdings Ltd Receives Approval From Australian ACCC For Sale Of 60% Of Tiger Airways Australia Pty Ltd Stake To Virgin Australia Holdings Limited's Subsidiary
Tiger Airways Holdings Ltd announced that it has received the go-ahead from the Australian ACCC for the sale of 60% of Tiger Airways Australia Pty Ltd (Tiger Australia) stake to Virgin Australia. Tiger Airways and Virgin Australia have committed to invest up to a further AUD62.5 million collectively into the business to fund growth in Tiger Australia. They have also committed to increasing Tiger Australia’s fleet size to 23 by March 31, 2018, with the potential to further increase to 35 aircraft. Tiger Australia will be managed as a standalone entity, with a separate Board and Management team. Tiger Australia will also pay an annual license fee to Tiger Airways for the use of the Tiger brand for 20 years based on a fixed percentage of Tiger Australia’s total gross revenue, with options to renew for another two periods of five years each. Tiger Australia has also agreed to make a payment of AUD5 million to Tiger Airways, if Tiger Australia achieves certain financial performance targets within five years. The Group expects the transaction to be completed in the second half of 2013.
International Consolidated Airlines Group SA Orders 18 Airbus A350 For British Airways-Reuters
Reuters reported that International Consolidated Airlines Group SA (IAG) unveiled orders for 18 Airbus A350 long-haul aircraft for its British Airways arm and said it was in further talks with Airbus and Boeing to secure more planes for its Iberia unit. IAG said it had placed 18 firm orders for the A350-1000, worth USD 332 million each at list prices, along with 18 options. These are in addition to previously announced plans to convert 18 options for Boeing's 787 long-haul planes.
Exchange Income Corp Completes Acquisition Of Regional One, Inc
Exchange Income Corp announced the completion of acquisition of Regional One, Inc., a privately-owned US company that is a provider of aircraft and engine aftermarket parts to regional airline operators around the world. The acquisition was first announced on February 28, 2013.The Corporation paid a total purchase price of USD74.2 million, of which USD13.5 million was paid through the issuance of 494,656 common shares and the balance, USD60.7 million, was financed through the Corporation's senior credit facility. A portion of the cash and share payments at close were put in escrow, and will be held until certain conditions are met.
Virgin Australia Holdings Ltd Completes Acquisition Of Skywest Airlines Ltd
Virgin Australia Holdings Ltd announced that it has completed the acquisition of 100% of the issued share capital in Skywest Airlines Ltd, through a scheme of arrangement governed by the laws of Singapore. Following the filing of the order of the High Court of Singapore sanctioning the Scheme with the Accounting and Corporate Regulatory Authority of Singapore, the Scheme has become effective and binding.
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| Industrials | +0.40% |
| Cyclical Goods & Services | +0.31% |
| Non-Cyclical Goods & Services | +0.06% |
| Financials | +0.32% |
| Healthcare | +0.79% |
| Technology | +0.01% |
| Telecoms | +0.05% |
| Utilities | +0.25% |
| DOW | 15,387.58 | +52.30 |
+0.34% |
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+0.16% |
-126.66Analyst Research
| Report Title | Price |
|---|---|
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Provider: Renaissance Capital
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$92.00
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Provider: Renaissance Capital
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$92.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Auerbach Grayson & Co., Inc.
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$75.00
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