China Eastern Airlines (CEA) has proposed to takeover Shanghai Airlines through a share swap, according to a Dow Jones report citing an un-named source. If successful, the move would finalise what has been a long drawn-out negotiation over how best to merge the two struggling airlines and is part of Beijing’s plan to consolidate the aviation industry, in particular the airlines, which are plagued by operational inefficiencies and debilitating price wars due to the plethora of small … [Read more...] about CHINA: China Eastern take over of Shanghai Air nearing
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Europe/ CIS: Alitalia rescued from death throes
The last unions holding out against a deal to salvage beleaguered Italian national carrier, Alitalia agreed late last month to a plan which will see the bankrupt airline’s assets to a group of Italian investors. The breakthrough with the AVIA and SDL unions, which represent mostly fl ight attendants, came after a meeting with the investors and government offi cials, the premier’s office said. All nine Alitalia unions are now on board. Pilots, who had been resisting the deal, … [Read more...] about Europe/ CIS: Alitalia rescued from death throes
