December 22, 2008
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 [...]
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December 22, 2008
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 [...]
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