ANA has agreed to co-sponsor the rescue plan for the bankrupt Japanese budget carrier Skymark Airlines, reaching a basic agreement to take 19.9 per cent interest and help in the turnaround effort. Skymark Airlines solidified the plan Tuesday involving ANA and investment fund Integral, which had earlier agreed to sponsor Skymark. Key aspects of the arrangement will be announced later this afternoon. The reason for keeping ANA's stake under 20 per cent is that anything more substantial … [Read more...] about ANA agrees to 19.9% stake in Skymark
buyout
Mubadala full acquires SR Technics Group
Mubadala Development Company has acquired sole control of the SR Technics Group and increased its shareholding to 70 per cent following a buyout of Istithmar’s 30 per cent shares. Dubai Aerospace Enterprise (DAE) continues to hold a 30 per cent shareholding in the company. The consortium acquired SR Technics in 2006. SR Technics will continue to operate as an independent company under its existing brand. … [Read more...] about Mubadala full acquires SR Technics Group
