US financial giant American International Group (AIG) may buy 20% of Brazilian low-fare carrier Gol Transportes Aéreos. Gol announced last week it is negotiating the sale of a 20% share to an international party, and discussions were at an "advanced stage". Local market sources pointed at AIG, but Gol refuses to confirm this. Brazilian law sets 20% as the limit covering shareholding sales of aerospace enterprises to foreign parties.
Source: Flight International
British Airways and Iberia owner IAG has terminated its agreement to purchase Spanish carrier Air Europa from its parent company Globalia, citing the “current regulatory environment”.
Wizz Air is aiming to operate no wet-leased aircraft by the end of October after Pratt & Whitney achieved faster-than-expected turnarounds of some of the PW1000G engine inspections that have been grounding a significant proportion of its fleet
AirAsia X is aiming to complete the acquisition of sister company AirAsia Aviation by December, as both companies eye a “new era” following its completion.
