Etihad Airways could acquire Europe’s third largest low-fare airline, Air Berlin if the deal goes through.
If the deal proceeds, Etihad would be the first to accomplish a takeover across continents, after talks between British Airways and Qantas failed last week. In addition to its commercial limitations, the airlines would face regulatory hurdles such as bilateral [...]
Chinese airports are owed at least 6 billion yuan ($878 million) in late fees as the country’s money- losing carriers delay paying bills to preserve cash.
“Many airlines are passing their financial difficulties onto airports,” Wang Jian, secretary general of the China Civil Airport Association, said by phone today. Beijing Capital International Airport Co., operator of [...]
This is actually a repainted Northwest Airlines plane.
British Airways and Qantas have given up an attempt to merge, leaving the British carrier free to pursue a tie-up with Iberia.
The Australian and British airlines failed to agree on the most basic term of the merger: how to share ownership of the proposed combined business.
Qantas’s market valuation is higher than British Airways, implying that [...]
Air France-KLM will wholly-own Dutch carrier Martinair by the end of this year after securing long-awaited clearance for the takeover from the European Commission.
KLM has held a 50% share of Martinair for several years but attempts to acquire the outstanding balance have failed to receive regulatory approval.
But the European Commission, which opened an inquiry into the renewed [...]
