Arkia, Israel's largest charter airline, could become the leading shareholder of the country's national carrier El Al after acquiring 3.5% of the government's 15% flotation offering at a cost of $3.5 million. Arkia is expected to increase its shareholding to 20% within 18 months, analysts predict, and put in place a comprehensive recovery plan for the Ben-Gurion International airport-based airline. Share trading in El Al began on 12 June.
Source: Flight International
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.
Japan’s two largest carriers reported a drop in profit for the April-June quarter, despite seeing an increase in revenues.
The US Department of Justice (DOJ) is taking another 10 days to review Alaska Air Group’s proposed acquisition of Hawaiian Holdings, with the airlines now agreeing not to close their planned deal before the period ends on 15 August.
