The BBC has reported that Aer Lingus will be taken over by International Airlines Group (IAG), the parent company of British Airways and Iberia Airlines. According to several news sources, IAG pitched its latest proposal at €2.50 a share, valuing Aer Lingus at about €1.3 billion (approx. US$1.5 billion). The Irish Government owns a 25.1 per cent stake in Aer Lingus, while Ryanair owns 29.9 per cent. If the board accepts the bid the government will have to … [Read more...] about Aer Lingus to accept takeover bid from IAG
Ryanair
Fraport sells Germany’s Hahn airport for €1
Fraport AG has sold Frankfurt-Hahn, one of Germany's leading all-cargo airports, for the symbolic price of €1. The company, which also owns Frankfurt-Main airport, Europe's biggest cargo hub, sold its 65 per cent stake in Hahn to the German federal state of Rhineland-Palatinate. Fraport said the deal, effective 1 January, ends all its financial obligations to Hahn, which had operated at a loss for several years. Traffic at Hahn fell 11 per cent in 2008 from the previous year to just under … [Read more...] about Fraport sells Germany’s Hahn airport for €1
Fraport sells Germany's Hahn airport for €1
Fraport AG has sold Frankfurt-Hahn, one of Germany's leading all-cargo airports, for the symbolic price of €1. The company, which also owns Frankfurt-Main airport, Europe's biggest cargo hub, sold its 65 per cent stake in Hahn to the German federal state of Rhineland-Palatinate. Fraport said the deal, effective 1 January, ends all its financial obligations to Hahn, which had operated at a loss for several years. Traffic at Hahn fell 11 per cent in 2008 from the previous year to just under … [Read more...] about Fraport sells Germany's Hahn airport for €1
