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Finnair Oyj's Subsidiaries Finland Travel Bureau and Area Plan to Merge; Company Starts Employee Consultations

Friday, 25 Oct 2013 03:00am EDT

Finnair Oyj announced that its subsidiaries Finland Travel Bureau and Area have signed a Memorandum of Understanding that, if realized, would merge the two companies into a Finnish business travel agency. The aim of the plan is to improve the possibilities to offer Finnish companies and organizations services tailored to business travellers’ needs both within the region and internationally. If implemented, the plan would see Kirsi Paakkari, Managing Director of Finland Travel Bureau, become the Managing Director of the merged company. The merging is planned for December 2013. During the planning phase, customer service and customer relationship management operations will remain unchanged. The aim of merging the two travel agencies is to achieve volume synergies and reductions in costs by eliminating overlapping functions. For this reason, employee consultations will be initiated at Finland Travel Bureau and Area regarding the plans.

AirAsia Bhd Announces Removal Of Wholly-Owned Dormant Subsidiary From Registrar Of Companies For England AND Wales

Tuesday, 18 Jun 2013 05:22am EDT

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

Tuesday, 11 Jun 2013 09:03am EDT

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

Thursday, 28 Mar 2013 05:28am EDT

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

Monday, 25 Mar 2013 12:30am EDT

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

Friday, 22 Mar 2013 03:40am EDT

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

Thursday, 28 Feb 2013 04:30am EST

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

Friday, 23 Nov 2012 08:05am EST

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.


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