Airlines
AirAsia Bhd Announces Removal Of Wholly-Owned Dormant Subsidiary From Registrar Of Companies For England AND Wales
AirAsia Bhd announced that Asia Air Limited, a wholly-owned dormant subsidiary of the Company, which was duly incorporated in England and Wales on December 21, 2009 has been removed from the Registrar of Companies for England and Wales on June 18, 2013.
AK TRANSAERO OAO To Liquidate its Representative Offices in London, United Kingdom of Great Britain and Northern Ireland-SKRIN
SKRIN reported that AK TRANSAERO OAO's Board of Directors has decided to liquidate the Company's representative offices in London, United Kingdom of Great Britain and Northern Ireland.
Singapore Airlines Ltd Announces Liquidation Of Dormant Subsidiary
Singapore Airlines Ltd announced that its wholly owned subsidiary, SIA Properties (Pte) Ltd (SIAP), has been placed under members’ voluntary liquidation. The voluntary liquidation of SIAP is not expected to have any material impact on the Net Tangible Assets and Earnings Per Share of SIA for the current financial year ending March 31, 2013. None of the directors or substantial shareholders of SIA has any interest, direct or indirect, in the voluntary liquidation of SIAP.
Aeroflot OAO Transfers Shares of Vladivostok avia OAO to Sakhalinskie aviatrasy OAO-Interfax
Interfax reported that Aeroflot OAO has transferred 52.156% of Vladivostok avia OAO (is part of Aeroflot OAO's group of companies) shares to its wholly owned subsidiary Sakhalinskie aviatrasy OAO, the Company informed on March 25, 2013. The deal on the transfer of shares made in accordance with the decision of the Company's Board of Directors to create a single Far East airlines.
Korean Air Line Co., Ltd. to Divest Investment Business into Subsidiary
Korean Air Line Co., Ltd. announced that it will divest its investment business into a newly established wholly owned subsidiary. The transaction effective date and registration date are expected to be August 1, 2013 and August 2, 2013, respectively.
All Nippon Airways Co Ltd Announces Transition to Holding Company Structure
All Nippon Airways Co Ltd announced that it has decided to restructure the Company into a holding company, on April 1, 2013. This move will involve the reorganization of its businesses as a separate company, All Nippon Airways Co Ltd, which will focus on aviation business.
Gol Linhas Aereas Inteligentes SA Starts Winding up Webjet's Activities; Lays off 850 Employees of Webjet
Gol Linhas Aereas Inteligentes SA (Gol) announced that, as of November 23, 2012, it will begin the process of winding up the activities of its subsidiary Webjet and the discontinuation of its brand. The first step is to extinguish flight operations. Webjet has an operational model based on a fleet that mostly consists of aging Boeing 737-300 aircraft that are advanced age, technologically out of date and consume a lot of fuel and is no longer competitive. As a result of the winding up of operations, around 850 employees, including flight and cabin crew and maintenance personnel, will be laid off. Webjet's clients and passengers will be fully served by Gol and their flights will be guaranteed. As of November 23, 2012, Gol will be responsible for all air transport and associated services for these passengers. In this context, all the necessary measures are been taken.
SAS AB Updates on Improving Profitability and on New SEK 3.5 Billion Revolving Credit Facility
SAS AB (SAS) announced that on November 19, 2012, SAS announced that the Board decided to consider that the conditions for the implementation of 4Excellence NG exist as all required eight union agreements had been signed. At the same time, SAS announced that the Danish Pilot Union members would carry through a ballot amongst its members in relation to the collective agreement. Danish Pilot Union has now completed the ballot amongst its members and informed SAS that the agreement has been approved. The new revolving credit facility of SEK 3.5 billion is therefore now only subject to parliamentary approval where required. These propositions in relation to the government's participation in the revolving credit facility will be presented to the parliaments in Sweden and Norway on December 12, 2012. The Danish Finance Committee is expected to make a decision in relation to this on November 23, 2012.
SAS AB Updates on Plan to Improve Profitability and Secure Revolving Credit Facility
SAS AB announced that on November 12, 2012 the Board of the Company approved the 4 Excellence Next Generation (4XNG) plan to address the issues facing SAS. The 4XNG plan will improve EBT by approximately SEK 3 billion on an annualized basis and improve the overall cost flexibility. One of the conditions to implement the plan and for the availability of the new SEK 3.5 billion revolving credit facility is signed union agreements. This condition has not been fully reached, but seven out of eight unions have signed new agreements. Negotiations continue and the Company will publish additional information as soon as it is available.
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| Cyclical Goods & Services | +0.46% |
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| Financials | +0.20% |
| Healthcare | +0.01% |
| Technology | +0.60% |
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| DOW | 15,012.97 | +38.01 |
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Analyst 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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