Airlines

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Eva Airways to acquire auxiliary engine

Monday, 17 Nov 2014 07:57pm EST

Eva Airways Corp:To acquire a set of auxiliary engine for B777-300ER, at about $37.53 mln from General Electric Company.

China Airlines Ltd to buy airplane

Thursday, 13 Nov 2014 03:16am EST

China Airlines Ltd:To buy a A340-300 airplane with amount of T$1,319,733,352 from a leasing company.

Exchange Income Corp to acquire Provincial Aerospace Ltd

Wednesday, 12 Nov 2014 08:30am EST

Exchange Income Corp:To acquire all of the shares of Provincial Aerospace Ltd, a diversified Canadian-based aerospace and aviation company, for a combination of cash and stock totaling about $246 mln.

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.

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