The Irish parliament gave International Consolidated Airlines' (IAG) bid for Aer Lingus the final go-ahead. Irish MPs voted by 74 votes to 51 in favour of the deal, according to local media reports. The vote comes after the Irish government agreed to sell its 25 per cent in Aer Lingus to IAG earlier this week, saying that IAG had made "a number of extremely important changes" to its initial offer. Under the deal, IAG agreed to a legally binding commitment to maintain current services between … [Read more...] about Govt’ gives green light for Aer Lingus stake sales
takeover
Govt' gives green light for Aer Lingus stake sales
The Irish parliament gave International Consolidated Airlines' (IAG) bid for Aer Lingus the final go-ahead. Irish MPs voted by 74 votes to 51 in favour of the deal, according to local media reports. The vote comes after the Irish government agreed to sell its 25 per cent in Aer Lingus to IAG earlier this week, saying that IAG had made "a number of extremely important changes" to its initial offer. Under the deal, IAG agreed to a legally binding commitment to maintain current services between … [Read more...] about Govt' gives green light for Aer Lingus stake sales
CHINA: China Eastern take over of Shanghai Air nearing
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
