Airlines

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Deutsche Lufthansa AG to sell IT business to IBM

Wednesday, 22 Oct 2014 02:01am EDT

Deutsche Lufthansa AG:Says is close to selling its IT infrastructure division and completing outsourcing deal with IBM, which will result in a 240 million euros ($305.57 million) pre-tax charge in 2014.Says deal is expected to close at Q1 2015 end.

Virgin Australia Holdings Limited announces proposed acquisition of remaining 40 pct. of Tigerair Australia

Thursday, 16 Oct 2014 07:00pm EDT

Virgin Australia Holdings Limited:Says that it will acquire the remaining 40 per cent of shares in Tiger Australia Airways Pty Ltd from Tiger Airways Holdings Limited for a price of A$1.The transaction, once completed, will see Virgin Australia secure 100 per cent ownership and full control of Tigerair Australia and brings to a conclusion the joint venture between Virgin Australia and Tiger Holdings which commenced on July 8, 2013.Says as part of the proposed acquisition, Virgin Australia will secure the brand rights to fly Tigerair Australia to a number of short-haul international destinations, providing new growth opportunities for the business.Virgin Australia anticipates that completion will occur by the end of 2014.

Icelandair Group reaches agreement for new hotel in Reykjavik City Center

Monday, 13 Oct 2014 07:27am EDT

Icelandair Group hf:Says Icelandair Group reaches an agreement for a new hotel in Reykjavik City Center.Says Icelandair Hotels, a subsidiary of Icelandair Group, will open a new luxury hotel in center of Reykjavik in the beginning of year 2016.Says Icelandair Hotels project will be implemented in cooperation with Sudurhus, which is owner of site and will be in charge of constructions.Says Icelandair Hotels will lease the hotel facility for 20 years.

China Southern Airlines Co Ltd announces acquisition of 95.40 pct equity interests in Hebei Airlines Co. Ltd

Monday, 13 Oct 2014 06:08am EDT

China Southern Airlines Co Ltd:Says Xiamen Airlines, subsidiary and Hebei Airlines Investment entered into agreement.Pursuant to which Xiamen Airlines agreed to purchase and Hebei Airlines Investment agreed to sell targeted equity interests at consideration of 680 mln Yuan.

PT Garuda Indonesia (Persero) Tbk orders $4.9 bln planes-Reuters

Sunday, 12 Oct 2014 08:00pm EDT

PT Garuda Indonesia (Persero) Tbk:Places an order for Boeing 50 737 MAX 8 jetliners worth $4.9 bln-Reuters.Company will buy 46 of the fuel-efficient, single-aisle 737 MAX 8s and convert existing orders for four Next-Generation 737-800s to 737 MAX 8s.

AirAsia Bhd announces incorporation of wholly owned subsidiary

Thursday, 25 Sep 2014 08:00pm EDT

AirAsia Bhd:Incorporates a wholly-owned subsidiary company known as Asia Aviation Capital Limited (AAC).Objective of establishing AAC is to provide aircraft leasing services for the AirAsia Group.Principal activities of AAC are acquiring aircraft and securing financing for these aircraft, Providing operating leases to the Affiliates, Managing the portfolio of aircraft including technical services; and Remarketing of aircraft leases and/or sale of aircraft.Initial issued and paid-up share capital of AAC is US$100 comprising 100 ordinary shares of US$1 each and will be raised accordingly to cater for its operational needs.

Japan Airlines Co Ltd signs letter of intent with Mitsubishi Aircraft Corporation

Thursday, 28 Aug 2014 03:30am EDT

Japan Airlines Co Ltd:The company and Mitsubishi Aircraft Corporation signed a letter of intent to order 32 Mitsubishi Regional Jet (MRJ) aircraft, as the next-generation regional jet for the JAL Group.Plans to deploy the MRJ on domestic routes from 2021, operated by J-AIR, the group's 100% owned regional airline subsidiary.

China Eastern Airlines subsidiary to acquire stake in

Friday, 15 Aug 2014 08:00pm EDT

China Eastern Airlines Corp Ltd:Says its wholly owned subsidiary to acquire 72.84 pct stake in Dongmei Aviation Tourism, from a Shanghai-based tourism investment company.Transaction price of 32,147,700 yuan.

International Consolidated Airlines Group SA orders 16 new planes for Spain's Iberia-Reuters

Friday, 1 Aug 2014 02:28am EDT

International Consolidated Airlines Group SA:The International Airlines Group (IAG) said is has placed orders for eight Airbus A350-900 aircraft and eight A330-200 for Spanish airline Iberia to replace its long haul A340 fleet-Reuters.The new orders are to be delivered between 2015-2020, the group said in a statement.

Boeing Co and Qatar Airways finalize orders

Wednesday, 16 Jul 2014 05:25am EDT

Boeing Co and Qatar Airways:Have finalized an order for 50 777-9Xs, valued at $18.9 billion at current list prices.The 777X order, announced as a commitment at the 2013 Dubai Airshow.Qatar Airways also says their intent to order four 777 Freighters and options for four more, with a combined value of $2.4 billion at list prices.

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